Cybersecurity
Most Recent
WilsonHCG On Leveraging Video, Digital ID Tools To Ease Remote Hiring
Friday 15th January - 8:00 am
Hiring and vetting job applicants remotely has become par for the course, but not all companies know how to verify job applicants’ identities digitally, says Alicia O’Brien, vice president of ...Deep Dive: How Online Retailers Kept Fraudsters From Having A Merry Little Christmas
Friday 15th January - 7:45 am
The holiday shopping season is the most wonderful time of the year for the retail industry.
Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to ...Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option
Friday 15th January - 4:00 am
The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL ...Commerzbank Says It Was 'Deceived' By Wirecard Fraud
Thursday 14th January - 5:50 pm
Commerzbank has told lawyers that the bank was a victim of fraud in the ongoing Wirecard case, Reuters reported Thursday (Jan. 14).
The lender was “deceived” by the executives and auditors ...Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting
Thursday 14th January - 11:00 am
Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse ...How Swap.com Kept Fraudsters From Ruining Christmas
Thursday 14th January - 7:45 am
The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. And as new threats emerge, foiling fraud takes more than ...Video, Facial ID Become Tools To Vet And On Board Remote Workforce
Thursday 14th January - 4:01 am
Employers reflecting on 2020 will largely remember it as the year of the remote shift.
A survey of 1,200 companies across numerous industries found that nearly 49 percent of firms said ...Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering
Wednesday 13th January - 9:36 pm
The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. 13). With the ...Today In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make NASDAQ Debut Today Trading As BTRS
Wednesday 13th January - 3:00 pm
In today’s top news, Visa opted out of its acquisition of Plaid after the DOJ sued over antitrust concerns, and Billtrust is expected to start trading today after completing its ...Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge
Wednesday 13th January - 4:00 am
The 2020 holiday season was one for the history books, drastically different due to the pandemic limiting consumers’ in-person shopping experiences. Experts predicted that up to $190 billion would be ...Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
Tuesday 12th January - 4:58 pm
Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later in the year, the Financial ...Rakuten Mobile Employee Arrested, Accused Of Stealing SoftBank Secrets
Tuesday 12th January - 1:34 pm
An ex-employee of SoftBank, a major Japanese wireless carrier, was reportedly arrested on Tuesday (Jan. 12) on suspicion of stealing trade secrets before taking a job with Rakuten Mobile, a ...‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)
Tuesday 12th January - 11:00 am
Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the ...Bitcoin Daily: Britain's Financial Regulator Warns Of Crypto Scams Offering High Returns
Monday 11th January - 9:18 pm
The U.K. Financial Conduct Authority (FCA) said new scams could end up having devastating effects on crypto investors, CoinDesk reported.
According to the FCA, investors could lose “all their money” if ...Equifax Invests In Fraud Prevention And ID Verification With $640M Kount Deal
Monday 11th January - 4:01 pm
The great digital shift – and the rising tide of eCommerce – has placed greater pressure on companies to verify their customers and guard against account takeovers.
To that end, late ...Robinhood User Sues Platform After Account Hacked
Sunday 10th January - 9:52 pm
A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint.
Siddharth Mehta, ...Hackers Strike New Zealand's Central Bank
Sunday 10th January - 6:37 pm
The Reserve Bank of New Zealand said Sunday (Jan. 10) that it has been hacked — and that potentially sensitive personal and commercial information may have been involved.
The hackers breached ...China’s Cyberspace Watchdog Mulls Stricter Online Oversight
Friday 8th January - 6:58 am
The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on ...Russian Hacker Sentenced To 12 Years In Prison
Thursday 7th January - 6:47 pm
Russian hacker Andrei Tyurin, who helped carry out an attack on J.P. Morgan Chase, among other companies, has been sentenced to 12 years in prison, Bloomberg reported.
Tyurin pled guilty in ...Pandemic Hackers Swiped $36 Billion From Unemployment Coffers
Tuesday 5th January - 4:32 pm
Federal and state governments are cracking down on unemployment after an estimated $36 billion was swiped, most of it relating to Pandemic Unemployment Assistance (PUA), CNBC reported on Tuesday (Jan. 5).
The ...Sweeping Bad Actors Out Of The Trusted Debit Space
Tuesday 5th January - 9:30 am
Did you know that 80 percent of customers prefer debit cards for everyday purchases? Or that as the average customer spends up to 100 percent more when using a debit ...Facial ID Emerges As Effective Fraud Defense
Tuesday 5th January - 4:02 am
With digital use soaring during the pandemic and fraud on the rise, new research shows the best weapon in the war against unwanted transactions might be as simple as taking ...Proposed Criminal Law Could Penalize New Yorkers For Skipping COVID Vaccine Lines
Monday 4th January - 10:54 pm
It could soon become illegal for companies or individuals to sell or administer coronavirus vaccinations to New Yorkers who are trying to bypass the line, CNBC reported.
New York Gov. Andrew ...Five Takes On WFH 2.0: Changing Realities Will Affect Remote Work And Hiring This Year
Monday 4th January - 8:06 pm
Eight months ago, in the early days of the pandemic shutdown, working remotely was widely seen as a life-saver for both employers and employees, as it allowed both to continue ...IRS Warns Of Scams With Second Round Of Stimulus Funds
Monday 4th January - 7:29 pm
As the second round of stimulus money is distributed, the Internal Revenue Service (IRS) has issued a warning that people need to be vigilant about scams targeting recipients of the ...Congress Eyes New AML Rules For Antiquities Trade
Sunday 3rd January - 10:26 pm
New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering or other crimes, The New ...Businesses Get Wary Of Trade-Based Money Laundering
Sunday 3rd January - 9:34 pm
The Financial Action Task Force (FATF) is warning of new ways of money laundering via exports like onions, potatoes, soft fruits or expensive cars, a report from the Financial Times ...T-Mobile: Hackers Accessed Customer Call Data
Sunday 3rd January - 8:46 pm
T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”
A web page to which some customers were ...Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct Of Miami's Reserves In Bitcoin
Friday 1st January - 6:00 am
Indian FinTech Cashaa and the country’s United Multistate Credit Cooperative Society teamed up to launch what they say is the world’s first cryptocurrency bank branch through a joint-venture bank called ...Tracking The Trends That Shaped 2020’s The Digital-First Economy
Friday 1st January - 4:02 am
This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use ...Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies
Thursday 31st December - 7:45 am
Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders.
Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms ...New SMB Stimulus Package Could Again Be Vulnerable To Fraud
Wednesday 30th December - 1:34 pm
Although the $900 billion COVID-19 relief package passed by the White House this week includes $284 billion for small and mid-size businesses (SMBs), there are signs that the Paycheck Protection ...Turkish Authorities Search For Suspect In US Tax Fraud Scheme
Tuesday 29th December - 5:16 pm
Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit ...Machine Learning Supercharges Banks’ Efforts To Fight Debit Fraud
Tuesday 29th December - 4:00 am
Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A ...CFOs Navigate Season Of B2B Payments Change
Tuesday 29th December - 4:00 am
The B2B payments landscape has always been evolving, but change in the industry has never been more acute than right now.
With the pandemic forcing accounts payable (AP) and accounts receivable ...Bitcoin Daily: Lender Vauld Nets $2 Million To Expand To Full Crypto Bank; SEC Freezes Assets Of Virgil Capital In Alleged Fraud In Crypto Trading Fund; Japan's SBI Holdings Claims Ripple's XRP Is Crypto, Not A Security
Monday 28th December - 9:19 pm
Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported.
The funding round ...FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks
Monday 28th December - 4:48 pm
As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra ...Tally Solutions Launches New eInvoicing Support For India
Monday 28th December - 3:53 am
India-based business management software provider Tally Solutions is debuting a new service, TallyPrime Release 1.1, to help boost eInvoicing as a mandate for companies rolls out, a report from ExpressComputer.In ...Crypto 2020: One Step Up; Two Steps Back
Thursday 24th December - 4:01 am
If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks.
It ...Targeting Promotion Abuse And Other Scams With Adaptive Decisioning
Wednesday 23rd December - 4:38 pm
Not unlike rust, fraud never sleeps. And if it’s not one thing, it’s another. At this moment merchants remain vulnerable to the never-ending cycle of new and recycled attack vectors.
“Promotion ...Justice Department Charges 2 New York Pharmacy Owners In $30 Million COVID Fraud Case
Wednesday 23rd December - 3:11 am
Two owners of a dozen New York City-area pharmacies have been charged for their reported involvement in a $30 million health care fraud and money laundering scheme, a press release ...Authentication Company FakeSpot Says Shopify Is Riddled With Scammers
Tuesday 22nd December - 12:50 pm
Shopify has seen its revenues surge as the pandemic has pushed consumers to buy more goods online. At the same time, however, the online marketplace has become a hub for ...OneTrust Secures $300 Million In Series C Funding; Valuation Reaches $5.1 Billion
Monday 21st December - 12:54 pm
OneTrust has secured $300 million in Series C funding, bringing its valuation to $5.1 billion, the company announced on Monday (Dec. 21).
The round was led by TCV and joined by ...Mobile Order-Ahead Tech Keeps Restaurants One Bite Ahead Of Fraudsters
Monday 21st December - 10:30 am
The National Restaurant Association estimates that something like 100,000 eateries have closed either for now or forever, as health fears have struck at the heart of dining out.
After a revenue ...Deep Dive: Why Merchants Must Rethink Their Promotion Abuse Protections During The Pandemic
Monday 21st December - 7:45 am
Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. One recent report that surveyed consumers from the U.K., U.S. and five other ...
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