Security & Fraud

Security & Fraud
US Liquidating $56M in BitConnect Fraud Case
November 17, 2021

The U.S. Justice Department is set to begin liquidating roughly $56 million in fraud proceeds seized during its investigation into the cryptocurrency BitConnect. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Supply Chain Shortages Fuel Fraudsters With Fake Storefronts To Trick Holiday Shoppers
November 17, 2021

The impulse buy will be hallmark of the 2021 holiday shopping season. 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...

Security & Fraud
Digital Economy Sees Rise in Number of Fake Businesses
November 17, 2021

Digital identity verification is being put through its paces during the pandemic as remote onboarding of consumers keeps skyrocketing, bringing a reenergized wave of financial crime with it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Hacking Group MosesStaff Targets Israeli Groups
November 16, 2021

Is a ransomware attack still a ransomware attack if the attacker doesn’t demand a ransom? 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,...

Security & Fraud
ACI Worldwide Rolls out New Tech to Fight Real-Time Payments Fraud
November 15, 2021

ACI Worldwide is introducing its proprietary Network Intelligence Technology to give banks and payment providers the ability to share fraud signals and better use machine learning capabilities to detect and fight deception, according to a press release on Monday (Nov. 15). Get the Full Story...

Security & Fraud
US, Israel Partner on Cybersecurity Issues
November 14, 2021

The U.S. and Israel are working together on fighting ransomware, a report from Bloomberg says. 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,...

Security & Fraud
Credit Card Skimmer Leads to Costco Data Breach
November 12, 2021

Retail giant Costco Wholesale Corporation sent letters this month to its customers alerting them that their payment information may have been stolen through a credit card skimmer while they were shopping at one of their stores, according to a BleepingComputer report Friday (Nov. 12). Get...

Security & Fraud
Check Fraud Accounts for 60% of Attempted Bank Account Theft
November 12, 2021

Banking customers’ expectations of their financial institutions (FIs) are changing as more transactions and activity go digital — at warp speed. 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
Hackers Steal Millions of Robinhood Customer Emails, Data
November 08, 2021

Brokerage and crypto-buying app Robinhood has experienced a data security incident, resulting in a hacker stealing five million customer email addresses, the company announced Monday (Nov. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...