Security & Fraud

Security & Fraud
Early Warning Says a Little ‘Healthy Friction’ Goes a Long Way in Fight Against Fraud
March 24, 2022

Romance scams. Puppy scams. Peer-to-peer (P2P) fraud. 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...

Security & Fraud
5 Takeaways on Pandemic Fraud From the FBI 2021 Internet Crimes Report
March 23, 2022

SIM swaps, employment schemes, business email compromise, tech support fakes, auction fraud, romance scams — fraud comes in many forms, and 2021 was a banner year for it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Microsoft: Lapsus$ Hackers Pilfered Source Code
March 23, 2022

The hacker gang known as Lapsus$ breached Microsoft’s systems and pilfered the software giant’s source code for the Bing search engine and Cortana voice assistant, according to a blog post late Tuesday (March 22) by Microsoft Security. Get the Full Story Complete the form to unlock...

Security & Fraud
Voice, Device Biometrics Key to Improving Call Center Security, Overall Experience
March 22, 2022

Even in the digital age, the phone is the key conduit for interactions between customers and corporations. 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...

Security & Fraud
Hacker Manipulates a Smart Contract on Li Finance; Takes $600K
March 21, 2022

The Li Finance swap aggregator experienced a smart contract attack which led to around $600,000 lost from 29 users’ wallets, a report said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Consumers Say Security, User Experience Now Equally Important When Accessing Digital Accounts
March 17, 2022

Trusted user experiences are highly important to consumers accessing digital accounts via desktop browser or mobile device.  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...

Security & Fraud
Wirecard Ex-Boss Markus Braun Charged with Fraud by German Prosecutors
March 14, 2022

In custody since July 2020, the former CEO of Wirecard Markus Braun was by formally charged by Munich public prosecutors with fraud, breach of trust and accounting manipulation following a criminal investigation into the German payments firm, according to multiple media reports on Monday (March...

Security & Fraud
Biometrics Brush Aside Passwords, Bring Curtain Down on ‘Security Theater’
March 14, 2022

It’s time to bring the curtain down on “security theater.” You’ve been an actor, perhaps, on that stage — and no bit player, either. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Hacked US Companies Must Report to Government Under New Law
March 13, 2022

Companies important to the U.S.’s national interests will now have to report when they’re hacked or if they pay ransomware, an Associated Press report said, under a bill passed by Congress and expected to be signed by President Joe Biden. Get the Full Story Complete...