Cyberfraud

AI Helps Businesses Put Transactions on Nice or Naughty List 
AI Helps Businesses Put Transactions on Nice or Naughty List 
November 27, 2023  |  Cybersecurity

The ongoing digital transformation of commerce and payments has radically reshaped the holiday shopping season.  On the one hand, it has never been easier —...

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Visa: Battle With Payments Fraudsters May Be Won With AI
Visa: Battle With Payments Fraudsters May Be Won With AI
October 27, 2023  |  artificial intelligence

Paul Fabara, chief risk officer at Visa, told PYMNTS in a recent interview that the shift to online channels during the pandemic — and afterward...

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Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
September 26, 2023  |  Security & Fraud

As attractive as innovative new technologies appear, it’s important to remember they are just tools.  And any tool, when in the wrong hands, can also...

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Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
Companies Want Digital Flexibility but Fort Knox Security, Hazeltree CFO Says
August 30, 2023  |  Cybersecurity

In the fast-paced world of digital finance, security is a pressing concern. With a deep understanding of the risks at hand, organizations and individuals alike...

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The Modern Fraud Dilemma: It’s Good AI Against Bad AI 
The Modern Fraud Dilemma: It’s Good AI Against Bad AI 
August 23, 2023  |  artificial intelligence

Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal...

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Unit21 Raises $45 Million to Grow Fintech Fraud DAO Consortium
Unit21 Raises $45 Million to Grow Fintech Fraud DAO Consortium
June 29, 2023  |  Security & Fraud

Unit21 has raised $45 million in a Series C round to grow the Fintech Fraud DAO consortium. The funding is being used to support a collaborative approach to...

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Fake News Has Real Business Impact in Today’s Cyberthreat Landscape
Fake News Has Real Business Impact in Today’s Cyberthreat Landscape
June 29, 2023  |  Security & Fraud

The internet, as businesses commonly knew and used it, ended in 2022. The rise of generative artificial intelligence (AI) has reshaped the information ecosystem that...

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Data Prevents Merchants From Falling Victim to Refund Abuse
Data Prevents Merchants From Falling Victim to Refund Abuse
April 26, 2023  |  Cybersecurity

Today’s sophisticated cyberfraud landscape requires constant vigilance by merchants against the ever-present threat of bad actors. As companies take crucial steps to update their prevention...

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DOJ Charges 21 in Cross-Border Crypto Money Laundering Network
DOJ Charges 21 in Cross-Border Crypto Money Laundering Network
November 30, 2022  |  Cryptocurrency

Twenty-one people have been charged with using cryptocurrency to launder money stolen through fraud schemes.  The individuals were involved with transnational money laundering networks that...

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