Security & Fraud

Security & Fraud
Samsung Execs Jailed In South Korea For Evidence Tampering
December 09, 2019

A South Korean court slapped three Samsung Electronics executives with jail sentences Monday (Dec. 9) for evidence tampering during an accounting fraud investigation, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
How To Fight Fraud Without Cheapening Consumer Experiences
December 08, 2019

Everything has a price. And the price for a richer consumer experience online and via mobile — one of the defining trends of payments and commerce in 2019, and probably well into the 2020s — is that the code that creates those experiences often leave opening...

Security & Fraud
FTC Issues Opinion On Cambridge Analytica Scandal
December 06, 2019

The Federal Trade Commission (FTC) found on Friday (Dec. 6) that British political consulting firm Cambridge Analytica lied to people about the data it was collecting from Facebook, and that it used it to profile and target voters, according to a report by Reuters. Get...

Security & Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
FBI Warns Russian Apps Are Subject To ‘Cyber Exploitation’
December 02, 2019

The Federal Bureau of Investigation (FBI) has issued a warning about mobile apps developed in Russia, saying they could be a “potential counterintelligence threat.” The revelation was made when the agency addressed questions about face-editing photo app FaceApp, which was developed by St. Petersburg-based Wireless...

Security & Fraud
‘Grinch Bots’ Ramp Up Cybercrime During Holidays
December 02, 2019

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Deutsche Money Laundering Probe Accelerated
December 02, 2019

The U.S. Department of Justice (DoJ) has accelerated its probe into Deutsche Bank’s participation in a $220 billion Danske Bank money laundering scheme, Reuters reported on Monday (Dec. 2), citing four sources. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
TrueDialog SMS Provider Leaks Millions Of Business Texts
December 02, 2019

An exposed database run by TrueDialog revealed millions of SMS text messages, according to published reports on Sunday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
InsurTech Players Turn Their Attention To Startups
November 29, 2019

In the land of startups, speed matters. Scale matters. Funding matters. 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...