Department of Homeland Security (DHS) Secretary Alejandro Mayorkas will make stopping ransomware attacks a priority in the new administration, Reuters reported. His focus on that subject shows the increasing need to meet the threat of data-scrambling software. Ransomware constitutes holding files and networks hostage under...
MobiKwik, the Indian payments firm, will get an independent audit after a reported breach that could’ve compromised the data of millions of users, Reuters reports. Last month, an Indian security researcher said that the data from 110 million MobiKwik users had been leaked from the...
Everywhere you go, there you — and your face — are. In some regards, that’s the beauty of facial-recognition technology. Using your face to pay your bill at an L.A. restaurant, getting cash at an ATM or ride the rapid-transit line in Korea is extremely convenient....
Scammers stealing from government-funded pandemic relief programs have found a new trick — opening accounts with at least four online investment platforms, CNBC reported Monday (March 29). Law enforcement officials say digital platforms are an easy way to dump money into stolen identity accounts. Authorities...
Criminals in Great Britain are exploiting people’s COVID-19-related anxiety to carry out an increasing number of online and technology-aided scams. That’s according to a report released on Thursday (March 25) by the finance and banking website UK Finance, which found that impersonation scams, in which...
As COVID-19 stimulus funds continue hitting bank accounts and mailboxes, a new Federal Trade Commission (FTC) report is alerting people to beware of pandemic-related scams, which have so far cost taxpayers about $382 million. Since January 2020, more than 217,000 people have reported pandemic-related fraud...
The fraudsters have found a quick fix with quick services — restaurants, that is. The enduring and increasing popularity of mobile order-ahead (MOA) apps has attracted some decidedly unwanted customers. As noted in a Mobile Order-Ahead Tracker, PYMNTS found that 45 percent of consumers would...
An ex-Wirecard executive informed prosecutors that the firm’s alleged fraud began over 10 years prior to its implosion, with some high-level managers starting to create a collection of overseas firms that were purportedly harnessed to divert millions, the Financial Times reported. Oliver Bellenhaus told Munich...
Andrew Bailey, Governor of the Bank of England, wants the British government to introduce new laws forcing giant tech companies to crack down on fraudulent websites, Reuters reports. Bailey, according to the report, has been lobbying Home Secretary Priti Patel, the interior minister, on the...
