An ex-Wirecard executive informed prosecutors that the firm’s alleged fraud began over 10 years prior to its implosion, with some high-level managers starting to create a collection of overseas firms that were purportedly harnessed to divert millions, the Financial Times reported. Get the Full Story...
Andrew Bailey, Governor of the Bank of England, wants the British government to introduce new laws forcing giant tech companies to crack down on fraudulent websites, Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Everyone has heard of the CIA, and even the U.K.’s MI6. But what about IC3? Or the RAT team? No, they’re not organizations that will be featured in an upcoming Marvel movie, they’re the very real divisions of the FBI, known as the Internet Crime...
It has been an unusually active year for fraudsters. According to the Federal Trade Commission (FTC), 2020 saw payments fraud increase by 47 percent as the sudden shift of consumers to almost entirely digital lifestyles presented a host of new targets. Get the Full Story...
Maybe it’s a favorite band, plus a few random numbers. Or a first-grade teacher in front of a few symbols. Whatever the method, the average consumer has between 70 and 80 password combinations to remember. If a consumer had to remember all those passwords, it...
The FBI recently issued guidance that synthetic content, including deepfakes, could be used by hackers from Russia, China and other countries in order to advance their influence and agendas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A new Netflix prompt, just in test mode for now, is attempting to crack down on shared passwords, saying that if you “don’t live with the owner of this account, you need your own account to keep watching,” according to a report from The Streamable....
The dark web. 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 form, you agree to receive marketing communications...
As Michael Corleone said in the “Godfather II” movie: “Keep your friends close and your enemies closer.” As it turns out, those words were not only prescient for the Corleones, but they’re also relevant for the far more modern world of payment fraud. Because sometimes,...
