Security & Fraud

Security & Fraud
The Troubling Ripple Effects Of The Travelex FX Hack
January 10, 2020

It might make sense that as commerce goes ever global, and as banks do an increasing volume of business cross-border, that the hackers and fraudsters would look at FX as a lucrative way to ply their malevolent trade. Get the Full Story Complete the form...

Security & Fraud
ICO Fines Dixons Carphone £500K After Breach Affects 14M Consumers
January 10, 2020

Dixons Carphone is staring down the barrel of a £500,000 (about $650,000) fine by the Information Commissioner’s Office over an incident of compromised data that affected over 14 million customers, according to published reports Thursday (Jan. 9). Get the Full Story Complete the form to...

Security & Fraud
Travelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers
January 09, 2020

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Travelex Attack Forces UK Banks To Halt Foreign Currency Service
January 09, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. 9). Get the Full Story Complete the form to unlock this article...

Security & Fraud
NY Man Gets Jail Time For $390K Card Skimming Scheme
January 09, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. Get the Full Story Complete the form...

Security & Fraud
Cybersecurity Company Finds TikTok Was Vulnerable To Hackers
January 09, 2020

Check Point, a cybersecurity company based out of Israel, recently released research highlighting numerous security flaws in the popular smartphone app TikTok, which is incredibly popular with teenagers and one of the most downloaded apps in the world, according to a report by The New...

Security & Fraud
Rockwell Automation Takeover Targets Cybersecurity In Manufacturing
January 08, 2020

New York-listed Rockwell Automation is acquiring Israeli-based Avnet Data Security to deliver advanced cybersecurity services, Rockwell announced on Wednesday (Jan. 8). 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
Travelex Foresees No Financial Impact From Ransomware Attack
January 08, 2020

Travelex, a foreign exchange and payments company, was thrown into chaos around New Year’s after a ransomware attack locked up its systems, forcing employees to use pen and paper to take care of thousands of customers, according to a report by Reuters. Get the Full...

Security & Fraud
Why Travel Is A Popular Destination For Fraudsters
January 08, 2020

The excitement of the winter holidays is over, and that leaves only one thing: the annual bout of existential dread that comes from all of the cold, snow and ice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...