When a financial institution loses billions of dollars to hackers, replacing the money is supposed to be the beginning of the recovery, not the end...
Efforts by the U.S. government and private sector entities have led to the freeze of over $2.7 billion of the more than $6 billion worth...
Banks have an opportunity to help more scam victims recover their money by making reporting what happened clearer. The September PYMNTS Intelligence report “Fraud’s Loyalty...
European Commission Executive Vice President Teresa Ribera said Monday (Nov. 9) that the European Union must rethink security as concerns presented by Big Tech extend...
Authorities in the United States are targeting the firms that move money for sanctioned cryptocurrency exchanges. After sanctioning Iranian exchanges in June and August, the...
Binance stopped withdrawals after attackers stole $6.3 billion in digital assets on Oct. 30. The cryptocurrency exchange restored access in stages. By Monday (Nov. 2),...
The FBI accused three people of orchestrating a long-running $129 million artificial intelligence-powered impersonation scam, according to a Thursday (Nov. 5) press release from the...
A card issuer can give an artificial intelligence shopping assistant permission to buy a customer’s groceries without giving it a card number it could use...
The Department of Justice formed a task force dedicated to protecting taxpayers in the United States, critical infrastructure and national security from fraudsters who use...