Security & Fraud

Security & Fraud
SEC Official: Crypto Scams Now Favored Crime Tool
August 25, 2021

The popularity of cryptocurrency has come with an unfortunate side effect: a corresponding rise in the number of scams involving crypto. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
LexisNexis Risk Solutions Adds Anti-Fraud Platform TruNarrative
August 25, 2021

LexisNexis Risk Solutions UK Limited, part of RELX, on Wednesday (Aug. 25) announced it has acquired cloud-based anti-financial crime and anti-fraud platform TruNarrative, which will become part of LexisNexis’ business services group. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
August 25, 2021

Payments orchestration platform Spreedly reported a 300 percent year-over-year increase in the number of merchants using the company’s resources to prevent fraud.

Security & Fraud
Biden To Confer With Top Tech CEOs About Cybersecurity Turmoils
August 24, 2021

U.S. President Joe Biden is expected to meet with the CEOs of Apple, Microsoft, Amazon and others on Wednesday (Aug. 25) to discuss cybersecurity concerns during a time when ransomware and other breaches are at an all-time high, Bloomberg and other media reported on Tuesday...

Security & Fraud
Cybersecurity Czar Richard Clarke Tells PYMNTS ‘New Mindset’ Needed To Win Cyberwar
August 24, 2021

“When I was a kid, criminals robbed banks and had guns. Now they’re not even in the same country. They sit in Eastern Europe on a computer and they make large sums of money,” said Richard Clarke, former national coordinator for security and counterterrorism, during...

Security & Fraud
Poly Network Hacker Returns $610M In Stolen Crypto
August 23, 2021

Days after the cryptocurrency platform Poly Network issued a $500,000 reward for the return of $610 million in stolen funds, the purported hacker returned the remaining funds, according to a Monday (Aug. 23) announcement from the company. Get the Full Story Complete the form to...

Security & Fraud
T-Mobile Says Cyberattack Was Worse Than Previously Known
August 20, 2021

T-Mobile has reported Friday (Aug. 20) that the recently discovered cyber theft of sensitive customer data captured more detailed information about some customers, and limited information about more customers, than the company previously knew. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Bank Customers Are More Trusting When FIs Use ‘Zero Data’ Approach
August 19, 2021

Whether it’s consumers getting comfortable with a new payments experience or a large financial institution (FI) getting comfortable sharing data with FinTechs, there’s one constant that needs to be in place to make it all happen; trusted infrastructure. Get the Full Story Complete the form...

Security & Fraud
T-Mobile Offers Free ID Protection After Breach Exposed Data Of 40M+
August 18, 2021

T-Mobile confirmed that hackers stole sensitive data on more than 40 million customers, and is now offering McAfee identity protection services at no charge for two years, according to a Tuesday (Aug. 17) T-Mobile press release and media outlets. Get the Full Story Complete the...