A Russian cybercriminal was sentenced to eight years in prison for his role in a sophisticated Botnet conspiracy that caused estimated losses totaling more than $100 million, according to a Department of Justice (DOJ) statement on Tuesday (Nov. 3). Get the Full Story Complete the...
One of Sweden’s largest private insurers, Folksam Group, says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. Get the Full Story Complete the form to unlock this article...
The classics never get old, and that includes cybertheft oldies like eSkimming. 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...
A massive spike in fraud of all kinds has taken businesses by surprise and left them scrambling for solutions, Trulioo Chief Operating Officer Zac Cohen told Karen Webster in a recent conversation. It’s a testament to how fast the ground has moved beneath them, he said....
Securities and Exchange Commission (SEC) Chairman Jay Clayton said corporate America needs to be more proactive about cybersecurity, warning that the threat of cyberattacks will continue, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
“New government policies ultimately changed the way the majority of businesses interacted with customers, with new phrases like ‘buy online, pick up in-store’ becoming part of the nomenclature,” says Andre Machicao, senior vice president of CyberSource, Visa. Here, Machicao explains how his firm helped clients...
A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. 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...
As retailers faced a spike in digital fraud with the onset of the pandemic, Trulioo recognized the challenges that small businesses were facing and took action by offering free access to its identity network. “This helped them to mitigate their risk, build trust with their...
When asked why he robbed banks, Willie Sutton — the famous criminal with four decades of bank robbery experience — is said to have offered what was likely history’s clearest answer: “Because that’s where the money is.” Get the Full Story Complete the form to...
