The 17-year-old Florida teenager accused of being the mastermind of a plot to hack prominent Twitter accounts pleaded not guilty Tuesday (Aug. 4) to the largest security breach in the social networking site’s 14-year history, the Tampa Bay Times reported. Get the Full Story Complete...
SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The degree to which COVID-19 has converted consumers to digital channels is very visible with a quick glance at the data. Tim Horton, head of global merchant security and fraud solutions at Fiserv, told a recent PYMNTS Masterclass that online purchases have more than doubled year...
Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis...
Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). Get the Full Story Complete the form to unlock...
The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal reported on Friday (July 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Three arrests were made Friday (July 31) in California, including a juvenile, the alleged mastermind, for their alleged roles in the Twitter hack that took place on July 15, according to the U.S. Attorney’s Office in the Northern District of California. Get the Full Story...
Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). Get the Full Story Complete the form to unlock...
