Cybersecurity

In The Drive To Modernize Treasury Ops, Mind The Gap

All business investment involves trade-offs. When it comes to cash management, figuring out what is "nice to have" versus "need to have"...

Deep Dive: Fighting Fraud With AI And Machine Learning

In the inaugural Digital Fraud Tracker, PYMNTS takes a deep dive into the world of cybercrime, exploring the latest attack methods employed...

How Ally Balances Convenience And Risk

For digital-only banks, offering convenience and maintaining top-notch security is a delicate balance. One technique, according to Anand Talwar, deposits executive for...

TRENDING: Solving Banking’s Security-Convenience Conundrum

Call it a Sophie’s Choice for the modern banking industry. Should banks and financial institutions (FIs) focus more on giving consumers the...

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Fraud Attack

North Korean Hackers Paid Using A Bitcoin Wallet

The alleged North Korean hacking of Sony, Bangladesh Banks and other targets stand as some of the most infamous cyberattacks yet experienced....

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F-Secure Researchers Find Security Weakness In All Modern PCs

F-Secure, the security firm, announced Thursday (Sept. 13) that consultants for the company have found a weakness in all modern computers that...

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Today In Data: Fighting Fraud Without Frustrating Merchants

For all the time, energy and effort spent fighting fraudsters, they are persistent in looking for ways to fight back. The costs are myriad,...

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Businesses Urged Not To Pay Ransom To Cyberattackers

Small business owners are making a grave mistake if they assume their firms are not a prime target for cyberattackers. Not only...

SMBs

Downtime Worse For SMBs Than Ransomware Ransom: Datto

Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with...

Pre-Data Breach, Equifax Suspected China Of Spying

Before it was the victim of a massive data breach that exposed the personal information of 143 million customers, Equifax was worried that...

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Cybercriminals Harass FIs 81M Times In 2018 So Far

A new report has revealed that financial institutions (FIs) were hit with 81 million cybercrime attacks in the first half of 2018,...

RBC Takes An Intelligence-Driven Approach To Bank Security

Bank branch visits are expected to decline 36 percent by 2023, as consumers embrace speedier banking on-the-go. But catering to demand for...

NEW REPORT: Is Security Holding Omnichannel Banking Back?

Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone,...

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Researcher Says British Airways Hack Due To Skimming Malware

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming...

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Regulation

British Airways Data Hack A Test Case For GDPR

GDPR compliance has yet to be fully embraced by firms on a global scale, yet headlines from this past week show just...

Authentication

Jumio On Montreal As AI Tech Hub

There are many locales that come to mind in looking toward the next big thing in FinTech, in payments, in AI and...

Fraud Attack

Google Weeds Out Tech Support Scam Artists

Google is trying to stop scammers who advertise fake technical support on its platform. According to a report in the Wall Street...

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Fiserv Patches Security Loophole In Messaging Feature

Fiserv recently had to fix a weakness in its web platform that provided non-actionable event messages for a small number of customers....

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Today In Data: Faster Payments, Powering Everything From Gig Work To Katy Perry

What do Australia, the gig economy and Katy Perry’s upcoming album have in common? They are all tightly tied to payments — specifically, tapping into the power...

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‘Whaling’ Is The New Phishing Scam, Switchfast Warns

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. The strategy typically involves sending a...

How Bandura Assists Business Cybersecurity

There are 100 million threat vectors floating around the digital sphere as of today, and the best firewalls in the world can...

Switchfast: SMB Employees Outperform Managers On Cybersecurity

Follow the leader? When it comes to small business (SMB) cybersecurity, perhaps not. A new report form IT consulting firm Switchfast revealed...

In Payments Fraud, Bad Guys Play Go Phish

There's nothing new under the sun, except when it comes to payments fraud. Phishing still grabs victims by the wallet, and Barclays...

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WEF Recruits Russia’s Sberbank To Combat Cybercrime

The World Economic Forum (WEF) has reportedly begun recruiting banks to combat cybercrime, beginning with Sberbank in Russia. A press release sent...

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T-Mobile Discloses Data Breach That Impacted About 3 Percent Of Customers

T-Mobile disclosed on its website that hackers were able to get into the company’s network, stealing personal information on customers. A post on...

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Google

Alphabet’s Chronicle Getting Set To Launch Cybersecurity Platform

Google’s parent company is set to launch its cybersecurity platform to the public. Earlier this year, Alphabet announced the creation of Chronicle, a...

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Today In Data: The Building Blocks Of An On-Demand World

The world does not look radically different from the place it was 20 years ago, at least not at a quick glance....

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Phishers Target Amex, NAB Clients

Customers of National Australia Bank (NAB) and American Express became the targets of a recent phishing scam spree in Australia, according to...

Today In Data: Creating – And Securing – The Next Generation Of Customer Touchpoints

With the vast majority of American adults carrying a supercomputer in their pockets all the time, the opportunities to reach out and...

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150 Billion Consumer Records At Risk

Despite the implementation of stricter cybersecurity and privacy-focused regulations such as GDPR and PSD2, cybercrime remains a threat to businesses and consumers...

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Ransomware Losses Top $1.5M Each Minute

A new report has found that 1.5 organizations fall victim to ransomware attacks every minute — and more than $1 million is...

Why It’s Time To Retire Knowledge-Based Authentication

What was the make and model of your first car? What was your elementary school? What is your mother’s maiden name? These...

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Bitcoin

Federal Judge Sets $750K Bail In Crypto For Defendant

In the case of a high-tech crime California, a federal judge is allowing a defendant to pay his bail with cryptocurrency. Judge...

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Today in Data: Filling Needs, Fixing Vulnerabilities

The IoT market is growing exponentially – but in the lives of consumers, it’s on an industrial scale. The good news: It’s mostly a “more...

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Safety and Security

Israel Invests $24M In Cybersecurity Initiatives

The Israeli government is investing 90 million shekels ($24 million) to boost the country’s cybersecurity industry. The three-year program will enable companies...

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Real-Time Payments Begin To Turn Heads In Commercial Payments

A new survey released from TD Bank suggests that real-time payments technology is beginning to capture the attention of the corporate payments...

Hackers Clone Debit Cards From India Bank

India’s Cosmos Bank was the target of an attack in which hackers were able to transfer more than Rs 94 crore via...

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FBI Warns Banks About Widescale ATM Cash-Out Scam

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global...

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Alexa

A New Echo Hack Unearthed At Defcon

Defcon, the annual hackers conference, has turned up a new security concern in smart speakers like the Amazon Echo. Two presenters at...

Safety and Security

Mid-Sized Biz Most Damaged By Cyberattacks

A new report has found that mid-market companies — those with 500 to 999 employees — suffer greater losses when hit with...

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Hackers Target Bank Customers In Brazil With DNS Redirects

Hackers are seeking to gain user credentials through Internet of Things (IoT) devices by targeting customers of a Brazilian bank. Radware Threat...

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Sizzle/Fizzle

Marketplace Lending And Curbside Delivery Sizzle, Ridesharing Fizzles

The biggest story this week in grocery came, as it often does, care of the new Whole Foods Market as operated by...

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APAC, North America Shine Through With B2B Funding

A week of more than $200 million for B2B FinTech firms across the globe shows that venture capitalists’ support for the space...

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146B Customer Records On Dark Web By 2023

A new report has found that over 33 billion records will be stolen by cybercriminals in 2023 alone. The new findings gathered...

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Fraud Prevention

Why Phishers Like B2B

Businesses, get ready: The phishers are paying more attention to you. No company has ever been completely safe from criminals, whether it’s...

Comcast Xfinity Customers’ Addresses Partially Exposed

Comcast Xfinity, the cable company, exposed partial home addresses and Social Security numbers of millions of customers, reported BuzzFeed News. Citing Ryan...

Womply Releases Tool To Safeguard Small Firms’ Online Presence

Small business software firm Womply is rolling out its cybersecurity solution designed to safeguard companies’ online presence, the company announced on Wednesday...

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Uncovering The Cyberattacker, Not Just The Cyberattack

Cybercrime is such a lucrative field that, if it were its own nation, it would have the thirteenth-largest GDP on the planet,...

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