Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially bitcoin — in many people’s minds. Get the Full Story Complete the form to...
Wormhole, a communication bridge between Solana and other decentralized finance (DeFi) blockchain networks, was hacked to the tune of about $320 million in cryptocurrency, according to a Bloomberg report Wednesday (Feb. 2). Get the Full Story Complete the form to unlock this article and enjoy...
Americans reported losing about $770 million to fraud on social media last year, an 18-fold increase from 2017, the Federal Trade Commission (FTC) recently reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Nonfungible token (NFT) collector Larry Lawliet announced Monday (Jan. 31) on Twitter that he had lost $2.7 million worth of super-hot Bored Ape and Mutant Ape tokens to a hacker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As the world enters the third year of battling COVID-19, lawmakers said regulators must do more to stop price gouging and scams targeting the public seeking protection against the coronavirus, UPI reported. Get the Full Story Complete the form to unlock this article and enjoy...
There are promises made in commerce — unspoken promises that are too often broken, inadvertently, in the digital age. 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...
As we all move online, especially to bank, Mary-Helen McElfresh, vice president, fraud risk management at Early Warning Services, LLC, told PYMNTS that a consortium approach could cut fraud rates and false positives. Get the Full Story Complete the form to unlock this article and...
The amount cryptocurrency stolen, scammed and blackmailed nearly doubled in 2021. So, it stands to reason that money laundering would be up as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Most people think their relatively paltry sum of money isn’t enough to make them the target of fraud, especially when there are so many other bigger and more obvious targets out there. And that attitude is music to the ears of hackers, who are increasingly...
