Security & Fraud

Security & Fraud
SaaS Platform Kount Partners With Verifi To Help Firms Minimize Disputes, Fraud
October 01, 2020

Kount, the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi, the payment protection and management company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Treasury Issues Red Alert As Ransomware Attacks Surge
October 01, 2020

As ransomware attacks surge and increasingly target vulnerable sectors like healthcare, the federal government’s financial crimefighting team is raising the alarm. 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
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
September 30, 2020

One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Singapore Banking Regulator Shuts Wirecard
September 30, 2020

Singapore’s financial regulatory authority announced Wednesday (Sept. 30) it has directed Wirecard AG to end its payment services in the Southeast Asian country and return customers’ funds by Oct. 14. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt
September 29, 2020

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. Get the Full Story Complete the form...

Security & Fraud
Companies See Work From Home As A Security Threat
September 27, 2020

Once rare, telecommuting has become routine during the pandemic. 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,...

Security & Fraud
Remittances Get A Needed Boost From AML/KYC/CTF
September 24, 2020

Remittances are a lifeline for those working abroad and sending funds to with loved ones back in their country of origin. But COVID-era workarounds like remote onboarding and account creation have left many doors and windows open for cybercrooks to slip through. Get the Full...

Security & Fraud
Shopify: 2 Employees Took Consumer Data From Merchant Sites
September 22, 2020

Two Shopify employees stole data from over 100 merchants, possibly exposing data from consumers who shopped on web stores using the company’s eCommerce software, according to the company, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
FTC Reports $145M In COVID-Related Scams Since January
September 22, 2020

More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported on Tuesday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...