Security & Fraud

Security & Fraud
Ransomware Creators Call It Quits
May 20, 2016

Not only are ransomware creators TeslaCrypt closing up shop, the group is also reportedly sorry for all the damage they inflicted during their run. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
SEC Chair Warns That Cybersecurity Is Top Financial Risk
May 19, 2016

SEC Chair Mary Jo White made it clear that cybersecurity remains the biggest threat facing the financial system. 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...

Malware Tricks ATMs Into Skimming
May 19, 2016

ATM skimming just got taken to the next level. 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 completing this form,...

Security & Fraud
Raymond James’ AML Controls Found Lacking
May 19, 2016

Raymond James has been fined $17 million in the wake of findings by the Financial Industry Regulatory Authority (FINRA) that the financial services company has shown failures in its internal controls geared toward money laundering. The regulatory agency said on Wednesday (May 18) that this...

Security & Fraud
Are Hackers Targeting The Trump, Clinton Campaigns?
May 19, 2016

These days, it looks like even a presidential campaign can’t escape the threat of cyberattacks. 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,...

Security & Fraud
Bangladesh Taps SWIFT Into Technician Investigations
May 19, 2016

Among the latest developments in the ongoing investigation into the $81 million stolen in a cyberheist: Bangladesh has asked global financial network SWIFT to help its police officers question a number of technicians who were sent to Dhaka — before the heist — and who set...

TSYS’ Fraud Prevention Gets Smarter With New Partnership
May 19, 2016

Machines can’t do everything better than people (not yet, anyway), but one area that might prove the contrary is fraud prevention. Andrew Mathieson, group executive of product strategies at TSYS, spoke with Karen Webster about how his company’s partnership with behavioral analytics firm Featurespace is...

Security & Fraud
Illinois Adds Facial Recognition To Driver’s ID Applications
May 19, 2016

Now that the traditional swipe credit card is starting to fall out of favor in the face of EMV and mobile payments, software developers are scrambling to develop updated ways of authenticating consumers’ identities at the point of sale. Among the proposed methods, facial recognition...

Security & Fraud
JPMC Reduces Some Employees’ Access To SWIFT System
May 18, 2016

According to Wall Street Journal reports, JPMorgan Chase has limited access to the SWIFT interbank messaging service for some of its employees following a set of breaches in Southeast Asian banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...