Security & Fraud

Security & Fraud
Data Privacy Concerns Rising in Tandem With Rapid Uptake of Data Aggregators
December 15, 2021

No surprise: In the great digital shift, many consumers have turned to third-party apps to access their financial data. Yet those consumers are less than ideally aware about how the apps actually work — and just what it is that companies are doing with their...

Security & Fraud
Log4j Vulnerability Causes Nearly 900K Cyberattacks in Four Days
December 14, 2021

There have been over 840,000 attacks on companies since Friday (Dec. 10) due to a vulnerability in the open-source Log4j software, Ars Technica reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Visa Warns of Dishonest ‘Cashless ATM’ Schemes
December 13, 2021

Visa has warned of a new scheme where point of service (POS) devices being dishonestly pushed as “cashless ATMs” are being put out at various merchants, a Dec. 2 press release says. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
NatWest Faces $350M in Fines After Guilty Plea in Money Laundering Case
December 13, 2021

NatWest, a U.K. state-backed bank, must pay 265 million pounds (about $350 million) after pleading guilty to failing to prevent money laundering, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Department of Homeland Security Warns of Vulnerability in Commonly Used Software
December 12, 2021

The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) is warning of a vulnerability affecting products containing the log4j software library, according to a CISA press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Ridesharing, Food Delivery Drivers Among Victims of Violent Crimes
December 12, 2021

Drivers for ridesharing and food delivery companies have been among those who have been victimized during a nationwide surge in the number of carjackings and other violent crimes, The Wall Street Journal (WSJ) reported Saturday (Dec. 11). In Minneapolis, for example, 11% of the carjackings...

Security & Fraud
Employee Insiders Suspected of Stealing UK Banking Data
December 12, 2021

Fraudsters-turned-bank-employees are suspected of infiltrating U.K. financial institutions (FIs) and committing crimes, The Telegraph reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Security & Fraud
Supply Chain Fragmentation Heightens Business Payments Fraud Risk
December 10, 2021

Payment fraud is always evolving. What is considered a fraudulent attack today might not have even been possible 5 or 10 years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Crypto Exchange Bitmart Confirms $196M Lost in Security Breach
December 05, 2021

BitMart has suffered a hack that lost it $196 million in a number of cryptocurrencies, a report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...