Security & Fraud

Security & Fraud
Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
February 27, 2024

Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
LoanDepot Says 16.9 Million Customers Impacted by January Data Breach
February 26, 2024

LoanDepot said Friday (Feb. 23) that a data breach that impacted the company in January affected 16.9 million customers. 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...

Security & Fraud
Change Healthcare Expects Cyberattack Disruption to Last Through Friday
February 23, 2024

UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. 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...

Security & Fraud
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. 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...

Security & Fraud
Tokenization Now Seen by Merchants as Performance Optimization Play
February 16, 2024

Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost to an opportunity to drive revenues. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Four in 10 Consumers Demand Greater Data Protection
February 15, 2024

Properly securing consumer data could be key to maintaining the loyalty of eCommerce merchants’ most engaged customers, according to PYMNTS Intelligence. 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
Online Romance Scams Grow More Sophisticated With Deepfakes, Advanced Tech
February 13, 2024

In this era of connectivity, where virtual encounters often precede physical ones, online relationships have become a breeding ground for exploitation, with fraudsters capitalizing on the vulnerabilities of hopeful hearts for financial gain.  Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Swedish Lenders Shore Up Defenses Against Fraud
February 13, 2024

Amid growing fraud attacks by organized crime rings, Swedish lenders are moving to adjust product offerings and increase surveillance. 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...

Security & Fraud
TruShield Insurance and Visa Team on Cybersecurity for Small Businesses
February 13, 2024

Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats.   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...