Security & Fraud

Security & Fraud
Binance Under Scrutiny in Alleged $100M Scam in Pakistan
January 10, 2022

The Pakistan Federal Investigation Agency (FIA) has said it wants to talk with cryptocurrency exchange Binance about a scam that has grifted over $100 million from several thousand investors, CoinDesk reported Monday (Jan. 10). Get the Full Story Complete the form to unlock this article...

Security & Fraud
38% of Payments Fraud Victims Learn About the Incident the Same Day
January 10, 2022

More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up from 71% in November, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,070 U.S. consumers....

Security & Fraud
Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
January 10, 2022

Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). 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
FBI: People Sharing Phone Numbers Online Could Fall Prey to Scammers
January 06, 2022

The Federal Bureau of Investigation is warning that people who post their phone numbers online as a point of contact when selling goods, or for other reasons, could be exploited by Google Voice authentication scams. Get the Full Story Complete the form to unlock this...

Security & Fraud
Florida’s Broward Health Hit by Data Breach of 1.3M Patients’ Records
January 04, 2022

The Broward Health hospital system has notified over 1.3 million patients that their personal information was exposed in a data breach dating back to Oct. 15. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
For Banks Hunting Fraudsters, There’s No Magic Bullet
January 04, 2022

Online fraudsters have gotten more and more sophisticated, making it tougher or financial institutions (FIs) to tell the difference between customer and scammer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
European Data Protection Supervisor Urges Increased Data Protection in Card Payments 
January 04, 2022

The European Union’s independent data protection authority has identified how data collected during card-based payment transactions can be used to profile customers and, if not handled adequately, can increase the risks of cyberattacks.   Get the Full Story Complete the form to unlock this article and...

Security & Fraud
T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
December 29, 2021

T-Mobile has confirmed that it was aware of SIM swap attacks affecting what it said was a “very small” number of customers, Bleeping Computer reported Wednesday (Dec. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Crypto Scammers Will Face Jail, Hefty Fines in UAE
December 28, 2021

The United Arab Emirates is serious about cracking down on promoters of online cryptocurrency scams. These cybercriminals now face five years in prison and a fine of up to more than $270,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...