Security & Fraud

Security & Fraud
FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
May 21, 2020

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Meal Kit Firm Home Chef Reveals Data Breach
May 20, 2020

Home Chef, the Chicago-based meal kit and food delivery company, announced a data breach after a hacker sold information on its 8 million customers on a dark web marketplace, according to Bleeping Computer. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Bitcoin Usage On The Dark Web Up 65 Pct YoY
May 20, 2020

The digital age, of course, has given rise to digital scams. 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...

Security & Fraud
How ‘Adaptive’ Decisioning Helps Issuers Stop Treating ‘Good’ Customers Like Fraudsters
May 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
DOJ: Texas Man Allegedly Claimed Employees To Net $5M In PPP Funds
May 19, 2020

A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), according to the U.S. Department of Justice. Get the Full Story Complete the form to unlock...

Security & Fraud
Cosmetics Brand Natura Exposes Customer Data
May 19, 2020

The Brazil cosmetics company that bought Avon Products Inc. in January accidentally exposed personal information about 250,000 of its customers that could have been accessed by anyone, The Hacker News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Why Fraudsters Like ‘Delivery Attacks,’ And Why AI and ML Alone Won’t Stop Them
May 19, 2020

The pandemic — and specifically, the lockdowns resulting from it — has spurred criminals to shift their cyber fraud schemes to exploit new avenues of attack. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships
May 18, 2020

More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Mastercard Launches Anti-Fraud Measures At Gas Pumps
May 18, 2020

Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations. 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...