Security & Fraud

Security & Fraud
  Botnet Hackers: About To Be Exposed?
July 24, 2017

Sunlight is the best disinfectant, as the saying goes — but will light shine on the ways, whys and wherefores in botnet hacking? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
AlphaBay and Hansa Market — Two Dark Web Markets — Have Been Shut Down
July 21, 2017

Working cooperatively, American and European authorities reported yesterday (July 20) that they have shut down two of the largest online black markets — AlphaBay and Hansa Market. Their respective operators have also been arrested. Get the Full Story Complete the form to unlock this article...

Security & Fraud
FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
July 18, 2017

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who did not actually owe anything, by pretending to be lawyers and threatening victims with lawsuits or arrest if they didn’t...

Security & Fraud
Awake Security, Cybersecurity Startup, Launches With $31M
July 18, 2017

Awake Security announced news on Monday (July 17) that it has closed more than $30 million in funding from venture capital (VC) firms Greylock Partners and Bain Capital Ventures and the general availability of its advanced security analytics solution. Get the Full Story Complete the...

Security & Fraud
CoinDash: Hackers Made Off With $7M During ICO
July 18, 2017

The clinking sound you heard was someone making off with the cryptocurrency.  CoinDash, the startup focused on blockchain, reported Bloomberg News, has been the victim of a hack and a heist. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Ashley Madison Data Breach Victims To Receive $11.2 Million
July 17, 2017

Two years after its tumultuous and massive data breach exposing millions of its users’ data to the public, the controversial Ashley Madison site — which sets up married or people in committed relationships with others looking for sexual encounters — has finally reached a settlement. Get...

Security & Fraud
Indians Call For More Stringent Data Protection Laws
July 17, 2017

The government is India is facing calls to establish better cybersecurity laws to protect consumers’ data after fears have crept up that Reliance Jio, the telecom startup in India, suffered a major data leak. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Lloyd’s Estimates A Major Cyber Attack Could Cost $53 Billion
July 17, 2017

That cybercrime is a growing — and increasingly expensive — concern is not news at this point. 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...

Security & Fraud
The Part Of Fraud That’s On The Decline
July 17, 2017

Catching fraudsters isn’t as easy as just checking the IP address of an order anymore. Today’s fraudsters are smart, well-funded and coordinated, much more so than the merchants they attack. Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as...