April 2, 2020Digital overhauls can help boost credit unions’ online presences, but member data must be fiercely guarded during this transformation. In this month’s Credit Union Tracker, PYMNTS speaks with Timothy Anderson, ...
April 2, 2020The goal for any security platform aiming to enable digital commerce is as simple in concept as it is incredibly difficult to execute: Give the good customers a great experience, ...
April 1, 2020As individuals were beginning to seek COVID-19 benefits, hackers disrupted Italy’s Social Security internet site, per the leader of the welfare agency. Pasquale Tridico said his INPS unit had taken ...
April 1, 2020Use and analysis of customer data has become key to enabling a personalized and omnichannel digital banking experience. But it’s easy to cross the line from helpful to overbearing – ...
April 1, 2020 Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile channels. Customers today expect to be able to ...
March 31, 2020The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic, twice the number it received ...
March 30, 2020Pandemic-related chaos is an ideal environment for cybercrime, as merchants and financial institutions (FIs) have been discovering since the COVID-19 outbreak went global. With workflows disrupted and personnel dispersed, a ...
March 30, 2020 Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more ...
March 30, 2020As COVID-19, the disease caused by the coronavirus, ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, ...
March 27, 2020In today’s top news, Western Union is launching a new tool for people to send money from home over a voice or video call, and Target is pausing plans to ...
March 27, 2020It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses.
In a ...
March 27, 2020 The financial industry is particularly vulnerable to digital fraud.
Untold trillions of dollars cycle between financial institutions (FIs) and customers around the world every day, and bad actors are eager to ...
March 27, 2020These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on ...
March 26, 2020Cybersecurity insurance company Chubb, which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch.
The company said it was looking ...
March 26, 2020Automated bots can wreak havoc on banks, but building an airtight defense can impede a good user experience. The challenge is separating the good bots, such as search aggregators, from ...
March 25, 2020U.S. cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, ...
March 25, 2020It is known that negative friction is bad, ruining customer experiences and leading to abandoned carts and all manner of dissatisfaction. Friendly friction, on the other hand, is knowing your ...
March 25, 2020 Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Casualties of these breaches in the ...
March 24, 2020San Francisco-based fraud prevention technology firm Arkose Labs has raised an additional $22 million in Series B funding led by Microsoft’s venture fund, the company announced on Tuesday (March 24).
The ...
March 24, 2020Given the massive new shift towards an all-online lifestyle for Americans as the coronavirus takes its toll, Jumio’s new “Jumio Go for Good” program will provide free analysis of whether ...
March 24, 2020 Merchants can find themselves fighting with one hand tied behind their backs in their battle against fraud.
They must not only implement innovative technologies to ward off evolving and aggressive cyberattacks ...
March 24, 2020 Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 percent of consumers who use these apps are dissatisfied with them. This is true even ...
March 23, 2020A hacking organization tried to breach the World Health Organization (WHO) recently, according to a report by Reuters.
WHO Chief Information Security Officer Flavio Aggio said the identity of the hacking ...
March 23, 2020The Department of Justice (DoJ) announced that it has shut down a website fraudulently claiming to have vaccine kits for the coronavirus, according to a release.
Attorney General William Barr recently ...
March 23, 2020In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically ...
March 23, 2020Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Corporates and government officials have recently been sounding the alarm about coronavirus-related scams, and ...
March 23, 2020With the global travel industry expected to lose $11 billion to fraud this year, online travel agents (OTAs) must safeguard against threats across multiple channels. In the latest Merchant Fraud ...
March 22, 2020Facebook is under fire in a new set of documents in a lawsuit, which allege the company knew for years that paid advertising services on the site were exaggerating and ...
March 20, 2020Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by ...
March 20, 2020With the global travel industry expected to lose $11 billion to fraud this year, online travel agents (OTAs) must safeguard against threats across multiple channels. In the latest Merchant Fraud ...
March 20, 2020Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic ...
March 19, 2020Phone scammers claiming to be from the Centers for Disease Control and Prevention (CDC) are saying they have a vaccine to cure the coronavirus (COVID-19), and are asking for credit ...
March 18, 2020Hackers identified as being part of Magecart Group 8 attacked NutriBullet’s website multiple times during the last few months, according to new RiskIQ research released on Wednesday (March 18).
The group ...
March 18, 2020Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty ...
March 17, 2020As more firms worldwide push for workers to hunker down from home in order to fend off the spread of the coronavirus, people are advised to be vigilant of online ...
March 17, 2020With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud.
Called Kount ...
March 17, 2020A cyber attack was leveled at the U.S. Department of Health and Human Services on Sunday amid that department’s continued vital role in the coronavirus mitigation.
The attack didn’t have any ...
March 16, 2020The coronavirus could have far-reaching effects on grocery stores, entertainment and banking, while boosting delivery services and identity verification services. Here are the latest updates on the coronavirus around the ...
March 16, 2020Mobile order-ahead is growing faster than ever before, with digital ordering and delivery having grown 300 percent faster than in-store dining since 2014. Approximately 60 percent of Americans use digital ...
March 15, 2020The New York Department of Financial Services (NYDFS) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in ...
Digital overhauls can help boost credit unions’ online presences, but member data must be fiercely guarded during this transformation. In this month’s Credit Union Tracker, PYMNTS speaks with Timothy Anderson, ...
The goal for any security platform aiming to enable digital commerce is as simple in concept as it is incredibly difficult to execute: Give the good customers a great experience, ...
As individuals were beginning to seek COVID-19 benefits, hackers disrupted Italy’s Social Security internet site, per the leader of the welfare agency. Pasquale Tridico said his INPS unit had taken ...
Use and analysis of customer data has become key to enabling a personalized and omnichannel digital banking experience. But it’s easy to cross the line from helpful to overbearing – ...
Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile channels. Customers today expect to be able to ...
The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic, twice the number it received ...
Pandemic-related chaos is an ideal environment for cybercrime, as merchants and financial institutions (FIs) have been discovering since the COVID-19 outbreak went global. With workflows disrupted and personnel dispersed, a ...
Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more ...
As COVID-19, the disease caused by the coronavirus, ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, ...
In today’s top news, Western Union is launching a new tool for people to send money from home over a voice or video call, and Target is pausing plans to ...
It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses.
In a ...
The financial industry is particularly vulnerable to digital fraud.
Untold trillions of dollars cycle between financial institutions (FIs) and customers around the world every day, and bad actors are eager to ...
These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on ...
Cybersecurity insurance company Chubb, which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch.
The company said it was looking ...
Automated bots can wreak havoc on banks, but building an airtight defense can impede a good user experience. The challenge is separating the good bots, such as search aggregators, from ...
U.S. cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, ...
It is known that negative friction is bad, ruining customer experiences and leading to abandoned carts and all manner of dissatisfaction. Friendly friction, on the other hand, is knowing your ...
Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Casualties of these breaches in the ...
San Francisco-based fraud prevention technology firm Arkose Labs has raised an additional $22 million in Series B funding led by Microsoft’s venture fund, the company announced on Tuesday (March 24).
The ...
Given the massive new shift towards an all-online lifestyle for Americans as the coronavirus takes its toll, Jumio’s new “Jumio Go for Good” program will provide free analysis of whether ...
Merchants can find themselves fighting with one hand tied behind their backs in their battle against fraud.
They must not only implement innovative technologies to ward off evolving and aggressive cyberattacks ...
Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 percent of consumers who use these apps are dissatisfied with them. This is true even ...
A hacking organization tried to breach the World Health Organization (WHO) recently, according to a report by Reuters.
WHO Chief Information Security Officer Flavio Aggio said the identity of the hacking ...
The Department of Justice (DoJ) announced that it has shut down a website fraudulently claiming to have vaccine kits for the coronavirus, according to a release.
Attorney General William Barr recently ...
In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically ...
Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Corporates and government officials have recently been sounding the alarm about coronavirus-related scams, and ...
With the global travel industry expected to lose $11 billion to fraud this year, online travel agents (OTAs) must safeguard against threats across multiple channels. In the latest Merchant Fraud ...
Facebook is under fire in a new set of documents in a lawsuit, which allege the company knew for years that paid advertising services on the site were exaggerating and ...
Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by ...
With the global travel industry expected to lose $11 billion to fraud this year, online travel agents (OTAs) must safeguard against threats across multiple channels. In the latest Merchant Fraud ...
Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic ...
Phone scammers claiming to be from the Centers for Disease Control and Prevention (CDC) are saying they have a vaccine to cure the coronavirus (COVID-19), and are asking for credit ...
Hackers identified as being part of Magecart Group 8 attacked NutriBullet’s website multiple times during the last few months, according to new RiskIQ research released on Wednesday (March 18).
The group ...
Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty ...
As more firms worldwide push for workers to hunker down from home in order to fend off the spread of the coronavirus, people are advised to be vigilant of online ...
With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud.
Called Kount ...
A cyber attack was leveled at the U.S. Department of Health and Human Services on Sunday amid that department’s continued vital role in the coronavirus mitigation.
The attack didn’t have any ...
The coronavirus could have far-reaching effects on grocery stores, entertainment and banking, while boosting delivery services and identity verification services. Here are the latest updates on the coronavirus around the ...
Mobile order-ahead is growing faster than ever before, with digital ordering and delivery having grown 300 percent faster than in-store dining since 2014. Approximately 60 percent of Americans use digital ...
The New York Department of Financial Services (NYDFS) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in ...
