May 01, 2024
Complaints of Fraud Targeting Older Americans Rose 14% in 2023

Fraud targeting older Americans’ money or cryptocurrency increased by double-digit percentages in 2023. The number of complaints of elder fraud increased by 14% during the year, while the associated losses...

May 01, 2024
UnitedHealth Still ‘Trying to Dig Through’ Cause of Cyberattack

UnitedHealth’s CEO said the company is still investigating a security failure behind a massive cyberattack. Testifying before the Senate Finance Committee Wednesday (May 1), Andrew Witty said the company has...

April 30, 2024
OpenAI Privacy Case Shows Misinformation Is Hard to Cure

In the fast-paced world of artificial intelligence, where chatbots like OpenAI’s ChatGPT are all the rage, a new EU privacy complaint is shining a spotlight on a pesky problem: These...

April 30, 2024
EU Investigates Facebook’s and Instagram’s Handling of Disinformation Ahead of...

The European Commission has initiated an investigation into Meta Platforms, the parent company of Facebook and Instagram, over alleged failures to curb disinformation and deceptive advertising in the lead-up to...

April 29, 2024
UnitedHealth Group CEO Said Hackers Struck Via Citrix Portal

UnitedHealth Group CEO Andrew Witty will testify Wednesday (May 1) that hackers broke into its Change Healthcare unit’s systems through the Citrix portal. “On February 12, criminals used compromised credentials to remotely access a Change...

April 29, 2024
With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer

How much did payment fraud cost retailers last year? The answer, according to one analysis, is a cool $429 billion.    According to a recently released report from global financial technology provider Adyen, not...

April 29, 2024
Microsoft ‘Doubles Down’ on Cybersecurity to Safeguard Connected Economy

The cyberattack on UnitedHealth Group, resulting in a $872 million loss to the health insurer, is just one example of the evolving cyberthreat landscape in today’s connected economy. Beyond mere operational disruptions, such incidents reveal...

April 29, 2024
Only About 60% of Middle-Market Firms Get Paid Using Virtual...

Many middle-market businesses operate in a world of heightened uncertainty, but PYMNTS Intelligence data found that payment solutions such as virtual cards can help mitigate that uncertainty. This is one...

April 29, 2024
OpenAI Faces Privacy Complaint in Vienna Over ChatGPT’s Data Handling

A privacy advocacy group, NOYB, has filed a complaint against OpenAI, a startup backed by Microsoft, alleging a breach of EU privacy rules due to incorrect information provided by its...