Security & Fraud

Security & Fraud
SEC Fines Pearson $1M For Misleading Investors About Data Breach
August 16, 2021

Pearson, which is a London-based company working on educational publishing, has agreed to pay $1 million on charges that it misled investors about a 2018 cyber intrusion involving the thefts of millions of student records, according to a press release from the Securities and Exchange...

Security & Fraud
T-Mobile Says It’s Working To Address Cybersecurity Incident
August 16, 2021

T-Mobile data may have been accessed illegally, the company announced in a Monday (Aug. 16) press release, noting it is “working around the clock” to investigate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Hackers Reportedly Selling Data On 100M T-Mobile Users
August 16, 2021

T-Mobile is investigating claims that sensitive information from 100 million users is being sold on the dark web, Motherboard reported, citing contact with the seller and having seen data samples.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
UK High Court Tells Binance To ID Crypto Hackers
August 13, 2021

Cryptocurrency exchange Binance must identify hackers and freeze their accounts after one of the company’s users said it was the victim of a hack worth $2.6 million, under the terms of a High Court of London order, per Friday (August 13) reports. Get the Full...

Security & Fraud
Poly Network Thanks ‘White Hat’ Hacker/Hackers With $500K Reward
August 13, 2021

Cryptocurrency platform Poly Network on Friday (Aug. 13) thanked the so-called “white hat” hacker or hackers who seemed to exploit a vulnerability in the company’s digital contracts and execute a $610 million hack by offering a $500,000 “bug bounty,” according to Reuters. Get the Full...

Security & Fraud
From COVID Passports To Online Alcohol Purchases, Digital ID Verification Should Come First
August 13, 2021

To get to a true digital-first economy, to have credentials in place that can be used across a variety of online activities and settings, online identity verification must be bound up with authentication. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Data Shows Employees Tried 65 Million Times To Export Source Code In Q2
August 12, 2021

Employees at various companies are increasingly taking sensitive computer code with them as they quit their jobs, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Crypto Platform Poly Network Says Hacker Returned Much Of Taken Funds
August 12, 2021

The hacker or hackers behind the theft from Poly Network, which facilitates peer-to-peer (P2P) transactions, have now returned almost all the $613 million they stole, Reuters reported, as they claim they always intended to do. Get the Full Story Complete the form to unlock this...

Security & Fraud
Poly Network Hackers Return Half Of Stolen $613M
August 12, 2021

A group of hackers who carried out what is believed to be the largest cryptocurrency heist on record have returned more than half of the money they stole. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...