Security & Fraud

Security & Fraud
Why There’s No One-Size-Fits-All Path To Global ID Verification
September 16, 2020

We may be wondering what’s on the other side of commerce, banking, and “normal” life after  the pandemic — but rest assured it will be done (at a significant and accelerating pace) online. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Ernst & Young CEO Expresses Regret Over Wirecard
September 15, 2020

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG, the bankrupt German payment company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
GIACT On Getting Ready For Nacha’s Debit Account Validation Changes
September 15, 2020

The old saying goes: Faster payments, faster fraud. 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, you...

Security & Fraud
Grab Fined For Privacy Breach For The Fourth Time
September 13, 2020

GrabCar, a unit of Grab Holdings, a Singapore-based ridesharing company, has been issued a $10,000 Singapore dollar ($7,311) fine for a personal data breach, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Philippines Investigates 57 Potential Participants In Wirecard Scandal
September 11, 2020

Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the Philippines, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
DOJ: 57 People Charged With Alleged PPP Fraud As Of May
September 10, 2020

Fifty-seven people have been charged by the U.S. Department of Justice (DOJ) as of May for attempting to misappropriate over $175 million from the Paycheck Protection Program (PPP), which was created to assist people amid the COVID-19 health crisis, Reuters reported. Get the Full Story...

Security & Fraud
Report: JPMorgan Staffers Fired Over Relief Fund Thefts
September 10, 2020

One day after JPMorgan Chase & Co. CEO Jamie Dimon threatened to take action against employees who stole COVID-19 relief funds, several workers have reportedly been fired. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
China To Roll Out Global Data Security Standards
September 07, 2020

China is debuting a new initiative to set worldwide standards for data security, according to a new report from The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Helping FIs Separate The ‘Reality Of Fraud Protection’ From Perception
September 03, 2020

The pandemic has pushed us to do all things digitally while opening up new vectors of attack. Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to...