May 02, 2024
US Firms Are Main Targets for Cyberattacks, Intelligence Chief Tells...
Director of National Intelligence Avril Haines told Congress Thursday (May 2) that there has been an alarming increase in cyberattacks worldwide. Haines highlighted the growing threat of ransomware attacks, which saw a...
May 02, 2024
Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech...
Microsoft will inject $2.2 billion into Malaysia’s burgeoning cloud and artificial intelligence (AI) infrastructure over the next four years, CEO Satya Nadella announced on Thursday (May 2). The tech giant’s...
May 02, 2024
Private Equity Firm Permira Acquires Majority Stake in Fraud Prevention...
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a...
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
US Issues Stark Warning on AI Risks to Critical Infrastructure
In a bid to safeguard the nation’s vital infrastructure, the federal government is now offering a playbook to help companies navigate the treacherous landscape of cybersecurity, including the brewing dangers lurking...
April 30, 2024
Why Securing Payments is a Big Deal for Small Businesses
There are nearly as many ways to pay and be paid as there are types of small businesses. But there’s one common thread connecting both Main Street businesses and the...
April 30, 2024
Why Measuring the ROI of Transformative Technology Like GenAI Is...
Google’s market cap topped $2 trillion last week after quarterly earnings convinced investors that demand for its GenAI platform was not only strong but being monetized in the here and...
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...
Digital bill pay, while routine for most consumers, poses challenges such as fraud, friction and limited payment options — particularly in the utilities sector, where consumer trust is low. This edition of the “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines how billers and financial institutions can earn trust among consumers.
There’s no shame in asking for help. Eighty-two percent of merchants experienced a cyber or data breach in the last year, and PYMNTS Intelligence’s latest study of 300 eCommerce executives, “Fraud Management in Online Transactions,” a collaboration with Nuvei, details merchants’ thoughts about fraud prevention, finding that outsourced methods correlate with fewer failed payments.