In the battle against healthcare fraud, where the job is to make sure cyberattackers don’t make off with sensitive data or funds, it might seem as if the deck is stacked against the good guys. That’s because there’s a significant amount of manual labor involved...
The fraudsters go, always, to the path of least resistance. Michael Pantano, global head of Compliance at Worldpay, told PYMNTS that as 2021 moves toward its close, we’re seeing fraudsters probe several “attack” vectors — from card testing and bank identification number (BIN) attacks to...
A hacker, taking responsibility for breaking into T-Mobile’s systems, said the job hadn’t been difficult, The Wall Street Journal (WSJ) reported. “I was panicking because I had access to something big,” John Binns, 21, told WSJ. “Their security is awful.” Binns moved to Turkey a...
Four people have been charged with conspiring to deceive banks and credit card companies, according to a press release from the U.S. Department of Justice (DOJ). They’re accused of defrauding the companies into processing over $150 million in credit and debit card payments for merchants...
Tech moguls are vowing to invest billions to fight cybercrime following a White House meeting with President Joe Biden, the AP and other news outlets reported on Thursday (Aug. 26). “The reality is most of our critical infrastructure is owned and operated by the private...
The federal Securities and Exchange Commission (SEC) has charged the former chief of a Silicon Valley technology company with cheating investors out of $80 million by inflating data regarding customer acquisition and revenue, according to a press release. A complaint federal prosecutors filed in U.S....
The popularity of cryptocurrency has come with an unfortunate side effect: a corresponding rise in the number of scams involving crypto. Such crimes have become the “flavor of the year,” as Peter Diskin, assistant regional director at the U.S. Securities and Exchange Commission’s Atlanta office,...
LexisNexis Risk Solutions UK Limited, part of RELX, on Wednesday (Aug. 25) announced it has acquired cloud-based anti-financial crime and anti-fraud platform TruNarrative, which will become part of LexisNexis’ business services group. “Organizations are seeking solutions that help them comply more easily with evolving regulations...
Payments orchestration platform Spreedly reported a 300 percent year-over-year increase in the number of merchants using the company’s resources to prevent fraud.
