Security & Fraud

Security & Fraud
Hackers Return Some Money From $600M Crypto Theft 
August 11, 2021

A group of hackers behind a more than $600 million cryptocurrency heist — one of the largest of its kind – has begun to return the money it stole.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Record Crypto Heist Nets Hackers Over $600M
August 11, 2021

In what is likely the biggest cryptocurrency theft in history, hackers made off with more than $600 million by exploiting a vulnerability in the multi-chain DeFi protocol Poly Network, according to multiple media reports and Twitter.  Get the Full Story Complete the form to unlock...

Security & Fraud
Metal Credit Cards Take On New Role As Virtual Ignition Keys To A Password-less World
August 11, 2021

At first glance, the metal or plastic credit card’s place in the connected economy seems a bit … well, tenuous. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Data Shows Cyberattack Ransom Up 82 Pct Since 2020
August 10, 2021

As ransomware has increased in proliferation, so has the amount paid on average to the criminals, a Computer Weekly report says, citing data from the Palo Alto Networks Unit 42 security consulting group. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Refinitiv Launches Integrated API To Blunt Rising Risk, Growing FI Fraud Threat
August 09, 2021

As much as the digital shift has given a boost to new and existing online ventures and processes, this rising tide has also increased the number of “surfaces” that cybercriminals have to work with, despite our collective best efforts to stop them. Get the Full...

Security & Fraud
SEC Brings Charges In First Case Using DeFi Tech; Alleged $30M Scheme
August 06, 2021

The Securities and Exchange Commission (SEC) charged a Florida duo operating a Cayman Islands company with more than $30 million in unregistered securities sales and misleading investors, according to a Friday (Aug. 6) press release. Get the Full Story Complete the form to unlock this...

Security & Fraud
Feds Turn To Big Tech To Fight Cybercrime
August 05, 2021

Following a series of high-profile infrastructure attacks, the federal government has turned to the world of Big Tech to help protect against cybercrime. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Bank Security Experts Say Risk Of ‘Tool Sprawl’ And Overdoing It As Bad As Doing...
August 05, 2021

When it comes to technology upgrades, especially large-scale security enhancements, the halls of IT departments are filled with vivid illustrations as to why “rip and replace” is not an optimal strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Chinese Cryptocurrency Tied To More Than $2B In Crime, Scams
August 03, 2021

Chinese cryptocurrency is the latest involved in a rash of illicit activity involving $2.2 billion in digital payment tokens used in scams and dark internet operations over a two-year period. Chinese cryptocurrency addresses sent and received funds for illegal activity from April 2019 through June...