Security & Fraud

Security & Fraud
Report: Identity Theft Indictments Include Conspirators in $400 Million FTX Hack
February 02, 2024

Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Visa: Innovation Boosts Authorization Rates as Merchants Improve the Customer Experience
February 02, 2024

“There’s a lot going on for merchants today, and they have a lot to juggle,” Saurabh Chopra, head of product, U.S. debit, prepaid and real-time payments at Visa, told PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
AI’s Role in Helping Banks Fight Fraud and Financial Crimes
February 01, 2024

Easy money attracts bad actors.  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 form, you agree to receive...

Security & Fraud
Experian Launches Fraud Prevention Tool for Car Dealers
January 31, 2024

Car buying is increasingly moving online, and scammers who target car buyers are following suit. 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...

Security & Fraud
White House Mulls Requiring Cloud-Computing Companies to Disclose Customers
January 26, 2024

The Biden administration is reportedly set to propose new requirements for cloud computing companies in an effort to enhance security and protect sensitive data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
eCommerce Firms Use Advanced Screening Tools to Combat Tech-Driven Fraud
January 26, 2024

eCommerce firms are grappling with the widespread impact of fraud, and according to PYMNTS Intelligence research, more than 80% encountered true fraud — verified instances of fraudulent activities, not just suspected cases or false positives — in the past year. Get the Full Story Complete...

Security & Fraud
Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
January 25, 2024

If someone stole your phone, how quickly would they be able to steal your money? 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,...

Security & Fraud
Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
January 24, 2024

Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries experienced payment fraud in March 2023, compared to 5.7% in December 2021. Get the Full Story Complete the form to...

Security & Fraud
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024

The fraudsters grow ever-wilier, the attacks more brazen. 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 form, you...