The U.S. Financial Crimes Enforcement Network (FinCEN) has revealed that more than $5 billion in bitcoin transactions were linked to ransomware payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
“Forty percent of shoppers who are declined on their first visit won’t return, and one-third will end up seeking out the competition,” says Liron Damri, president and co-founder of Forter. In “The Way Payments Are Now Done,” Damri and 32 other industry executives share their...
Sundar Pichai, CEO of Google’s parent company Alphabet, said in a recent interview that there would be a need for new regulations, specifically for privacy standards similar to what is in place in Europe, along with a need for the U.S. to stay competitive in...
Victims of cyberattacks involving ransomware payments would have to report payouts to the Department of Homeland Security (DHS) under the Ransomware Disclosure Act proposed by Sen. Elizabeth Warren (D-Massachusetts) and Rep. Deborah Ross (D-North Carolina). Get the Full Story Complete the form to unlock this article...
The steady rise of the global eCommerce market has created a radically new fraud environment, where fraudsters now seek bigger targets, but strike less often. The evolution comes at a time when merchants that have embraced payments innovation are dealing with the challenges of an evolving fraud landscape – and face new risks of losing business or customers as...
Google’s Threat Analysis Group (TAG) is warning high-risk groups that there has been a surge in activity by government-backed hacking campaigns, up 33% so far this year over the same time period in 2020, according to a blog post. Get the Full Story Complete the...
With the increasing digitization of payments due to the pandemic, it is estimated that over $6 trillion will be exchanged through digital channels by the end of 2021, representing a 40% increase over the past two years. Get the Full Story Complete the form to...
A new report from the Treasury Department shows that American banks and financial institutions (FIs) recorded close to $600 million in suspected ransomware payments during the first half of 2021, more than the total for all of 2020. Get the Full Story Complete the form...
The Federal Communications Commission (FCC) is taking action to put a stop to SIM swapping, a form of fraud in which bad actors can take control of peoples’ cellphone accounts by convincing a wireless carrier to transfer the victim’s service from their own phone to...
