Security & Fraud

Security & Fraud
Stripe Buys Bouncer To Aid In Fraud Prevention
May 14, 2021

Stripe, the tech company working on economic infrastructure for the internet, will acquire Bouncer, a press release says. 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...

Security & Fraud
Hardening Merchants’ Digital Defenses Against Incursions From The Dark Web
May 14, 2021

A great description of the criminal craze in credential stuffing is found in PYMNTS’ May 2021 edition of the Digital Fraud Tracker®, done in collaboration with and supported by PayPal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Smart Underwriting Tech Helps PayFacs Balance Speed, Risk When Onboarding Merchants, Adding New Verticals
May 14, 2021

Underwriting, aided by technology — and at least some level of automation — can get faster and more intuitive, helping payment service providers (PSPs) approve merchants with speed and security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Colonial Pipeline Pays Nearly $5 Million In Ransom After Cyberattack
May 13, 2021

The Colonial Pipeline, under siege by hackers, has paid nearly $5 million in a ransom deal, CNBC reported. 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...

Security & Fraud
Data Security’s Secret Sauce? ‘Zero Data’
May 12, 2021

To protect what you’ve got — lock it away, build a wall, maybe a moat. Maybe hide the valuables. And pray. 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
Glovo Suffers Data Hack Of Users’ Private Information
May 11, 2021

A group of hackers accessed private data for Glovo, a Spanish delivery app, Bloomberg reported. 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,...

Security & Fraud
US Questions Whether Businesses Should Pay Cyberattack Ransom
May 10, 2021

In the wake of a situation last weekend in which a group of hackers shut down a U.S. oil pipeline, the White House is thinking about whether there’s merit to making ransom payments to cyberattackers, the Financial Times (FT) reported. Get the Full Story Complete...

Security & Fraud
FBI Identifies Suspects In Colonial Pipeline Hack
May 10, 2021

The FBI said it has identified the hackers who shut down the East Coast’s main gas and diesel pipeline last week as a group from Eastern Europe. DarkSide, a relatively new group of hackers, created the malicious computer code that led to the shutdown of...

Security & Fraud
Microsoft, Darktrace Partner For Cloud Cybersecurity
May 10, 2021

With concerns over such data as personal information and intellectual property on the rise, Microsoft is linking up with cybersecurity company Darktrace to offer an artificial intelligence (AI) defense across the cloud. Get the Full Story Complete the form to unlock this article and enjoy...