For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. Though not quite as ubiquitous as it was a few years ago, the challenge-based verification tool asks users...
According to the 2019 edition of the FBI’s Internet Crime Report, last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5 billion. Get the...
Not long ago, it seemed that Iran was the central cyberthreat to the U.S., at least in terms of immediacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Federal prosecutors charged four Chinese intelligence officers on Monday (Feb. 10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. Get the Full Story Complete the form to unlock...
Ransomware hackers are striking more frequently, taking down computer networks across businesses, hospital and governments, the New York Times reported on Sunday (Feb. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Christopher Wray, the director of the FBI, said China wanted to steal U.S. technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. Get the Full...
Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. Get the Full Story Complete the form to unlock this article...
Wireless networks that sold their customers’ real-time location data violated U.S. law, Federal Communications Commission (FCC) Chairman Ajit Pai wrote in a letter to Congress on Friday (Jan. 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Ahead of hosting the 2020 Olympics in Tokyo this summer in July and August, Japan’s financial institutions have been cautioned to be especially on guard for cyber attacks throughout the year, according to Reuters. Get the Full Story Complete the form to unlock this article...
