Fraudulent noncash payment values have increased by a lot in the U.S. between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. Get the Full Story Complete the form to unlock...
Apple, nearly a week after it emerged that some Apple IDs were stolen in China, apologized for the hacking, saying in a statement that it found “a small number of our users’ accounts” had been accessed via a phishing scam, reported The Wall Street Journal....
As fraudsters continue to chip away at profits and threaten firms’ financial stability, security providers and banks alike are investing in solutions compliant with 3D Secure 2.0 protocols, designed protect both consumers and the companies serving them.
FitMetrix, a fitness technology and performance tracking company owned by MINDBODY, has suffered a data breach that could impact 113.5 million users. The company, which builds fitness tracking software for gyms and group classes, was acquired by gym and wellness scheduling service MINDBODY earlier this...
Nick Shevelyov, chief security officer at Silicon Valley Bank, says FIs can no longer expect, or hope, to stop every incoming cyberattack — and using AI and ML to identify threats isn’t the 100-percent fix. In the latest Omni Security and Authentication Report, Shevelyov tells...
For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Alipay, the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. 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...
