Most retailers have been conditioned to think that fraud is simply an unavoidable cost of doing business. And their budgets reflect that. Forter Cofounder and CEO Michael Reitblat tells Karen Webster that’s simply an antiquated way to look at fraud — a perspective which doesn’t...
As technology advances, so do criminals, who find ways to act in illegal ways. That’s why Europol, INTERPOL and the Basel Institute on Governance announced the launch of a partnership to cull together a working group focused on money laundering in the digital currency space. Get...
Incentives are a way to optimize productivity and boost morale among employees, but the program instituted by Wells Fargo went seriously awry. In efforts to meet sales targets, Wells Fargo employees engaged in cross-selling, opened unauthorized deposit accounts and transferred funds without customer knowledge, submitted...
Hackers are preparing for battle and have the cyberweapons to kick off what President Obama recently described as a cyber arms race. In this week’s Hacker Tracker, the stealthy moves of cybercriminals take center stage, and we examine why the private and public sectors may...
Google has been helping block questionable websites with its Safe Browsing initiative, and now, it’s making it easier for websites to fight security issues as soon as they rear their head. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A new malicious software has been identified as circumventing security features on the Android version 6 mobile phone operating system. That’s according to cybersecurity research firm Kaspersky Lab based out of Russia but registered in the U.K. The malware targets users’ banking apps and steals...
If you’ve been perusing a certain porn site, your identity could be at risk. An exposure — and not the kind anyone wants: Approximately 800,000 names, user IDs and some conversations may be exposed after hackers allegedly broke into the Brazzers porn forum. Get the...
Customers of Seattle City Light and Seattle Public Utilities had a lot to gossip about on Sunday and Monday this past weekend when the utility companies' new public utilities billing system malfunctioned. Emails were sent out that showed private details and utility usage of other...
Many PayPal users looking for customer assistance are instead having to deal with cybercriminals. 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...
