Card not present (CNP) fraud is on the rise. Fraudsters are adept and adapting to the paths of least resistance when it comes to scamming merchants, issuers and consumers. But there’s also a danger tied to “friendly fraud,” a $331 billion problem decimating revenues and...
Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. 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...
Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting suspect activities pertaining to money laundering for several years. Get the Full Story Complete the form to unlock this article...
JPMorgan Chase and Bank of America are reportedly teaming up to create a group that will help them manage risks associated with FinTech partnerships. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Skate to where the payments fraud puck is going – not where it’s been. We’re mixing metaphors here, but the tried and true traditional methods of battling the bad guys need refreshing. David Barnhardt, EVP of product at GIACT explains why it’s long past time...
What worries Americans more than cybercrime? Maybe nothing. 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...
Equifax, home of the hack that compromised over 145 million Americans’ data, is just saying no to executive bonuses this year — and scrapping buybacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Appthority, the enterprise mobile threat protection company, announced news on Thursday (Nov. 9) that it published research on its recent discovery of a so-called Eavesdropper vulnerability, in which hackers can intercept texts, voice messages and other user data from millions of smartphones through their mobile...
Referring to the rate of its growth and sophistication, Director of Europol Robert Wainwright says cybercrime is becoming a “remorseless” force of nature behind the 4,000 ransomware attacks a day. A force, he noted, that is becoming ever more technologically sophisticated — and thus an ever-larger...
