Fraud Prevention

Fraud Prevention
To Fight Fake IDs And Online Fraud, Know Thy Enemy Better
October 19, 2018

To really beat someone, or something, one must respect and understand that person or organization, even if they dislike or loathe them. That’s ancient wisdom — “know thy enemy” — that not only applies to martial situations, but to the biggest challenges in life. Get...

Fraud Prevention
NATO Cybersecurity Push Promises Lessons For Payments And Commerce
October 17, 2018

The business of payments and commerce is not war — despite all that tough motivational talk that insists otherwise, almost always from people who’ve never suffered through combat — but war, and the preparation for it, has a way of influencing business. Just look at the...

Fraud Prevention
Why Digital ID Is A Sports-Gambling Sure Bet
October 16, 2018

Few things make a sporting event more interesting than wagering a few bucks (or more) — whether it be a football game between two mediocre teams or a baseball playoff. That’s just a fact of life, known since the first cavemen competed to see who...

Fraud Prevention
How An HSBC Teller Stopped A $500 Million Bank Heist
October 04, 2018

What did you do for your employer and/or coworkers today? 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, PYMNTS Today. By completing this...

Fraud Prevention
Why Machines Need Humans To Beat Online Fraud
October 03, 2018

Fraudsters are nothing if not actors. Some of them are quite good, perhaps even worthy of an Oscar (or at least a Golden Globe), while others remain stuck on the level of grade-schoolers doing a poor imitation of their siblings. Get the Full Story Complete...

Fraud Prevention
Look-Alike Domains Emerge As Huge Holiday Fraud Threat
September 27, 2018

Look-alike domains are increasingly finding favor with criminals eager to rip off online shoppers, according to a new report from Venafi, a cybersecurity firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Fraud Prevention
Fake ID Docs Sold On Websites Targeted By Feds
September 19, 2018

Discussions about ID theft often involve hackers and cyberattacks gaining access to consumer and payment data. But action from the U.S. Federal Trade Commission (FTC) on Tuesday (Sept. 18) showed how eCommerce can enable other forms of ID theft. Get the Full Story Complete the...

Fraud Prevention
Hacker Attack Exploits Security Hole In Token Exchange
September 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fraud Prevention
North Korean Hackers Paid Using A Bitcoin Wallet
September 17, 2018

The alleged North Korean hacking of Sony, Bangladesh Banks and other targets stand as some of the most infamous cyberattacks yet experienced. And the recently unsealed criminal complaint against the accused perpetrator offers some clues about the payments flow related to those felonies. Get the...