Security & Fraud

Security & Fraud
T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
December 29, 2021

T-Mobile has confirmed that it was aware of SIM swap attacks affecting what it said was a “very small” number of customers, Bleeping Computer reported Wednesday (Dec. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Crypto Scammers Will Face Jail, Hefty Fines in UAE
December 28, 2021

The United Arab Emirates is serious about cracking down on promoters of online cryptocurrency scams. These cybercriminals now face five years in prison and a fine of up to more than $270,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Businesses Must Take Proactive Stance in Fighting Financial Crime
December 28, 2021

As we all settle into our digital lives, the internet has become not only our workplace but also where we learn, shop and socialize. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Tougher Enforcement Gives AML/KYC Tech New Importance
December 27, 2021

Problems around money laundering and tax evasion persist worldwide, and it’s clear that the regulatory landscape designed to prevent them from happening isn’t as robust as it ought to be. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Over 10% Of Credit and Debit Card Users Experienced Fraud in the Last 12 Months
December 24, 2021

Credit and debit card users are experiencing significant levels of fraud. Eleven percent of consumers reported an incident of fraud in connection with their digital debit and credit card accounts in the last 12 months, according to Authenticating Identities In The Digital Economy, a PYMNTS and Mitek collaboration that surveyed...

Security & Fraud
UK Regulators Turn to Anti-Fraud Jingle to Thwart Holiday Loan Scams
December 24, 2021

This Christmas, the U.K.’s Financial Conduct Authority (FCA) is taking the fight against fraud to a whole new musical level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Japanese Firms Collaborate to Fight Payments Fraud
December 22, 2021

A group of Japanese companies has launched an information-sharing program to prevent smartphone-based payments fraud. 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,...

Security & Fraud
PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
December 22, 2021

The old saying goes: Faster payments make for faster fraud. 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...

Security & Fraud
Secret Service Names Special Agent to Go After $100B Pilfered by Pandemic Fraudsters
December 22, 2021

Close to $100 billion was pilfered from pandemic relief funds, and the U.S. Secret Service has assigned Assistant Special Agent in Charge (ASAIC) Roy Dotson of the Jacksonville field office to oversee the recovery of the money lost to fraud. Get the Full Story Complete...