News

The PYMNTS 5-In-1: April 18 Daily Data Digest

Happy Monday, and happy Tax Day 2016.

In honor of the day that’s all about crunching numbers, we decided to bring our PYMNTS audience the best five stats out of our news flow that you’ll find trending today.

So what does that entail?

To start: A new report from the FBI about cyber attack costs, updates about Ant Financial’s IPO path, discussions about who is going to be on the $20, pressure on the IRS chief, and another cross-border payments move for MasterCard.

Ransomware Attacks Up

$1 Billion | The FBI projects that ransomware market will be a $1 billion a year criminal industry in 2016. In fact, in the first three months of 2016 alone, cybercriminals have collected $209 million using this tactic.

Ant Financial’s Path To IPO

$3.5 Billion | Alibaba’s financial arm, Ant Financial, is looking to raise at least $3.5 billion at a valuation of $60 billion in order to head toward IPO in Shanghai.

IRS Chief’s Backlash

21.5 Million | The amount of people that were impacted by the government’s OPM hack in 2015 — which is now back in the news cycle as pressure mounts for IRS Commissioner John Koskinen to step down.

MasterCard’s Bangladesh Cross-Border Play

22 Million | In a quartet joining forces to bring mobile cross-border payments to 22 million Bangladeshis, MasterCard is linking up with Western Union, bKash and BRAC bank.

Andrew Jackson To Get The Boot?

$20 | The bill that is creating so much controversy over who should be replaced with a woman. Now, the latest reports show that there is support Alexander Hamilton on the $10 bill and instead remove Andrew Jackson from the $20 bill.

——————————

PYMNTS LIVE ROUNDTABLE: TUESDAY, JULY 14, 2020 AT 12:00 PM (ET)

Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.

Click to comment

TRENDING RIGHT NOW