A Massachusetts man was remanded to federal prison after being charged with fraudulently obtaining Pandemic Paycheck Protection (PPP) loans in the amount of $543,000 and then faking his suicide to evade arrest, according to a statement from the U.S. Department of Justice (DOJ). Get the...
U.S. Sen. Elizabeth Warren and Rep. Deborah Ross have introduced legislation that gives the Department of Homeland Security more data on ransomware payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Artificial intelligence (AI) and machine learning (ML) are helping merchants and online platforms get smarter about detecting risk. 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...
The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as strong as its weakest link. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Millions of pounds were swiped from Barclays accounts in a phishing scam by a fraudster using a Monzo account and a payments initiation service provider (PISP), The Telegraph reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A 34-year-old man and a 33-year-old woman, both from California, were arrested in Hawaii for submitting fraudulent COVID-19 test results in an effort to skirt a traveler quarantine requirement that’s aimed at keeping the spread of the coronavirus at bay across the islands, the Associated...
Cryptocurrency hackers stole from at least 6,000 Coinbase Global accounts in a hack between March and May 20, according to a breach notification letter sent to the customers who were affected, Reuters reported on Friday (Oct. 1). Get the Full Story Complete the form to...
Among the key advantages of payments orchestration — which allows merchants and platforms to connect to any combination of payment service providers (PSPs) through a single application programming interface (API) connection — are higher conversion rates and enhanced customer satisfaction. Get the Full Story Complete...
Neiman Marcus Group has said it notified around 4.6 million online users that their personal data could have been accessed in a data breach dating back to May 2020, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
