Security & Fraud

Security & Fraud
If You Were a Victim of Payment Fraud, Would You Know?
January 17, 2022

How long would it take you to realize you were the victim of payments fraud — an hour? A day? A week? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
‘Unauthorized Activity’ Leads to Withdrawal Suspension on Crypto.com
January 17, 2022

Cryptocurrency exchange Crypto.com suspended withdrawals on its platform on Monday (Jan. 17) after users reported “unauthorized activity” on the platform. 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
Fraud Control Is Switching Slant to Digital Enablement and Frustrating Fraudsters With Data
January 14, 2022

Is nothing sacred? Not to cyberthieves. The 2021 holiday shopping season was likely the most digitally secure in history, but that didn’t stop baddies from plying their wicked online trade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Scammers Using Fake QR Codes on Parking Meters to Divert Payments
January 13, 2022

Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept payments and steal credit card information, according to multiple reports on Thursday (Jan. 13). Get the Full Story Complete the...

Security & Fraud
Maryland’s Department of Health Faces Ransomware Attack
January 12, 2022

Maryland’s state Department of Health (MDH) is in the throes of a ransomware attack, which has only compounded on issues from the staggering COVID-19 hospitalization numbers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams
January 12, 2022

It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of altruism and sympathy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Binance Under Scrutiny in Alleged $100M Scam in Pakistan
January 10, 2022

The Pakistan Federal Investigation Agency (FIA) has said it wants to talk with cryptocurrency exchange Binance about a scam that has grifted over $100 million from several thousand investors, CoinDesk reported Monday (Jan. 10). Get the Full Story Complete the form to unlock this article...

Security & Fraud
38% of Payments Fraud Victims Learn About the Incident the Same Day
January 10, 2022

More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up from 71% in November, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,070 U.S. consumers....

Security & Fraud
Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
January 10, 2022

Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...