Security & Fraud

Security & Fraud
Fraudsters Go Omnichannel
May 31, 2018

As commerce goes increasingly digital, the bad guys are going omnichannel. More and more, according to Luke Reynolds, CPO at Featurespace, fraudsters are "going back to basics" across telephony and duping call center agents. Here's how FIs can ferret out the bad actors and avoid...

Security & Fraud
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering (ICO) allegedly run by Titanium Blockchain Infrastructure Services Inc., which has raised as much as $21 million from investors in...

Security & Fraud
Yahoo Hacker Sentenced To Five Years
May 30, 2018

Karim Baratov, a Canadian that has been charged with hacking Yahoo‘s email for the Russians, has been sentenced to 60 months. 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
Bank of Montreal, CIBC Announce Cyberattacks
May 29, 2018

Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC) announced Monday (May 28) that hackers stole data on close to 90,000 customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
The ROI To FIs Of Protecting The Consumer’s Identity
May 29, 2018

The basic rule of personal security has changed little since ancient times: A person’s home — or hut, cottage, hovel or flat — is that person’s castle, the main location where relatives and valuables are secured from nefarious forces outside the door. Get the Full...

Security & Fraud
Paytm Accused Of Sharing User Data With Indian Government
May 28, 2018

Paytm, the leading digital wallet company in India with more than 230 million customers, has reportedly shared the personal data of users with the Indian government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
FBI Says Russian Hackers Have Compromised Routers
May 25, 2018

U.S. authorities said Friday (May 25) that Russian hackers had “compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic,” according to a report from Reuters. The new follows warnings earlier this week about a potential...

Security & Fraud
Trulioo GM: The Challenges Of GDPR’s Disappearing Data Act
May 24, 2018

As the age of GDPR dawns, consumers have the power to ask that their info be erased. Firms are ready or not, and Trulioo GM Zac Cohen weighs in on how fraud may find different conduits, where the bad guys, gains ill gotten, wipe the...

Security & Fraud
As GDPR Looms, DPAs Prepare To Uphold Lawful Data Handling
May 24, 2018

In the May Digital Identity Tracker, get the latest news and trends in the digital identity space, including a provider directory of the top players and an interview with Ultan O’Carroll, assistant commissioner of Ireland’s Data Protection Commissioner, on the consequences of GDPR non-compliance.