Security & Fraud

Security & Fraud
Collaborative Defense: The Role of ‘Intelligent Friction’ and AI in Fraud Prevention
August 13, 2024

Every now and then, an executive in the payments business comes up with a catchphrase that captures a complex concept, and you know it’s going to resonate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Putting ‘Scam Dens’ Out of Business Means Using AI to Fight AI
August 09, 2024

Fraud has become, to put it mildly, big business. 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 our daily newsletter, PYMNTS Today. By completing this form,...

Security & Fraud
Scammers Target Olympic Venue With Ransomware Attack
August 06, 2024

French police are reportedly investigating a ransomware attack at a Paris Olympic venue. 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 our daily newsletter, PYMNTS Today....

Security & Fraud
German Prosecutors Charge 2 Former Wirecard Executives With Embezzlement
August 06, 2024

Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
IBM Debuts AI-Powered Threat Detection Tools
August 05, 2024

IBM has added generative artificial intelligence (AI) capabilities to its managed threat detection and response services. 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 our daily...

Security & Fraud
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
August 04, 2024

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June 30, the bank indicated that the CFPB has inquired about transactions through the Zelle network and that it is currently...

Security & Fraud
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024

Identity security firm Axiad has raised $25 million in a new funding round. 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 our daily newsletter, PYMNTS Today....

Security & Fraud
UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
August 02, 2024

The United Kingdom’s National Crime Agency (NCA) reported Thursday (Aug. 1) that it shut down a platform that was used to make 1.8 million scam calls to people in 107 countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
More Than Half of US Consumers Use P2P Apps to Send Money
August 02, 2024

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a shadow over their growth. Get the Full Story Complete the form to unlock this article...