In a breakthrough for the President Joe Biden administration’s pursuit of cybercriminals, law enforcement officials seized $6.1 million in ransom payments, and federal prosecutors charged a suspect over a July ransomware attack on American company Kaseya, according to a Department of Justice (DOJ) press release....
Live streamers based in Turkey are allegedly behind a $10 million money-laundering ring that used the live streaming platform Twitch, which is owned by Amazon, according to reports. The offense came to light after an anonymous hacker divulged the Twitch payout information as well as...
At least nine critical networks were hacked — including one from the U.S. — in an ongoing campaign that has compromised healthcare, defense, energy, technology, and education organizations worldwide, according to reports on Monday (Nov. 8). Cybersecurity firm Palo Alto Networks issued a report that...
Today’s most powerful technologies are those where the processes behind that innovation are hidden or invisible from users’ consciousness. When done right, this high-functioning tech is not only seamless but creates time for users that allows them to shift their focus elsewhere. Enter the “invisible...
Online gambling has had big payoffs for legitimate operators thanks to pandemic boredom, growing from a $64 billion market in 2020 to roughly $72 billion in 2021. Hidden within those figures — or just not recorded — are the estimated billions in wagers and winnings...
It’s a sad but simple truth: The move to remote work has increased the opportunity for fraud. Employees are more likely to make significant, serious requests over emails that are often sent from personal devices and are therefore much easier to be mimicked in a...
Banks and other financial firms in the U.K. are filing more Suspicious Activity Reports (SARs) than ever before, the Financial Conduct Authority (FCA) indicated in a press release emailed to PYMNTS on Monday (Nov. 1). Filings have been going up year over year since 2017,...
After all the investments that financial institutions (FIs) have put into protecting themselves and their customers against fraud, scammers are now targeting individuals, which they see as the weakest link. The method is straightforward: tricking people into either passing on information that would give the...
The FIS online payments processing unit, Worldpay from FIS, is replacing terminals from PAX Global Technology because of security concerns, Bloomberg reported. In lieu of PAX products, Worldpay said that it has decided to go with point-of-sale (POS) equipment from Verifone and Ingenico, according to...
