Cyberattacks are the greatest threat to the world’s financial system, Federal Reserve Chairman Jerome Powell said in an interview with CBS News this week. Speaking to “60 Minutes” on Sunday (April 11), Powell said the risks posed by cybercriminals are greater than the lending and...
PayPal is launching a new fraud protection tool to help merchants combat the growing problem of online fraud. 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...
Paul Davison, the CEO of new audio social media app Clubhouse, says there were no leaks of personal user data, in contrast to a report claiming there had been recently, The Verge reported. Get the Full Story Complete the form to unlock this article and...
A number of European Union institutions — among them the European Commission — were the target of a “significant” cyberattack last week, Bloomberg reported on Tuesday (April 6). A commission spokesperson told the news organization that several EU bodies were attacked in an “IT security...
As so much of daily life and transactions move online, the digital-first economy is not without its new challenges. For example, the problem of identity theft is widespread — and to get a sense of scale, the Federal Trade Commission (FTC) has estimated that last...
At first glance, it seems so retro. Subscriber Identity Module cards, better known as SIM, used to be an easily removable portable memory chip that acted as the brain of a mobile device. They’re still the brain, and although consumers don’t need to swap them...
England and Wales’ chief criminal investigations agency, the Crown Prosecution Service, is preparing for an increase of prosecutions tied to cryptocurrency-related scams, the Financial Times reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The personal data of 533 million Facebook users, including phone numbers and emails, has been leaked, The Verge reported. 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...
There’s data — and then there’s the information that comes as data is being transmitted. It’s the digital version of body language and it’s all over the Dark Web. It’s awash in bits and pieces of consumer identity like Social Security numbers, names, addresses, schools and passwords. Name...
