Sections
security & fraud
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2.8KSecurity & FraudEurope’s Financial Forces Launch Cybersecurity Sharing Initiative
A cross-section of European financial powerhouses – including members of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), chaired by...
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3.1KSecurity & FraudFacial Recognition Firm Clearview AI Client List Is Hacked
Facial recognition outfit Clearview AI — which collects billions of photos off the internet, and uses them for facial recognition technology — has...
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3.6KSecurity & FraudHack Of Patient Survey Firm NRC Health Raises Questions Over US Records Security
A cyberattack at NRC Health has prompted questions about the security of its data and overall patient privacy, CNBC reported. On Feb....
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2.3KSecurity & FraudData Breach At US Defense Agency Compromised Personal Info
The U.S. Defense Information Systems Agency (DISA) said that its network was likely “compromised,” according to reports on Thursday (Feb. 20). The...
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2.0KSecurity & FraudPR Gov’t Loses $2.6M Due To Email Phishing
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Rubén...
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5.0KSecurity & FraudAvast Antivirus Program Selling Private Browser Data
Antivirus program Avast was found to be selling user data to a number of huge companies, including Google, Microsoft and Pepsi. The...
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4.8KSecurity & FraudTourism Data Hack Leads Greek Banks To Cancel Thousands Of Their Cards
All four of Greece’s main banking institutions enacted security protocols after a data breach, and consequently cancelled 15,000 consumer cards, according to...
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2.9KB2B PaymentsWhen Email Becomes SMBs’ Biggest Security Threat
The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of...
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6.5KPayments InnovationNew Data: 85 Pct. Of Businesses Have Real-Time Payments On Their Roadmaps – Here’s Why
The Clearing House launched Real-Time Payments (RTP) two years ago, enabling financial institutions in the U.S. for the first time to send...
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5.5KSecurity & FraudLandry’s Customer Payment Data Stolen In Cyberattack
U.S. restaurant chain Landry’s announced on Thursday (Jan. 2) that it had been the victim of a malware attack that almost stole...
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6.2KSecurity & FraudWyze Smart Device Co Leaks 2.4M Customers’ Data
Internet of Things (IoT) vendor Wyze announced a server leak that exposed the data of 2.4 million customers from Dec. 4 to...
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5.4KSecurity & FraudSynthetic Fraud’s Slow Roll Across FIs
Impersonation fraud — where a cybercriminal pretends to be someone they aren’t in an attempt to make off with funds — gets...
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5.9KSecurity & FraudThe Rise Of Holiday Reshipping Fraud
Criminals get into the holiday spirit, too. For instance, they know how to talk in friendly, polite terms to overworked and often-frustrated...
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5.2KSecurity & FraudDoing Battle With Holiday Fraudsters At The ATM
The holiday season is in full swing. That means opening up wallets and purses at the point of sale, which often means...
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3.9KSecurity & FraudWhy Securing Digital Transactions Is On Every Merchant’s Wish List
While dealing with fraud has always been a cost of doing business for merchants, the digital age has changed the game in...
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3.4KSecurity & FraudFBI Warns Russian Apps Are Subject To ‘Cyber Exploitation’
The Federal Bureau of Investigation (FBI) has issued a warning about mobile apps developed in Russia, saying they could be a “potential...
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3.6KFraud PreventionFighting Real-Time Payment Fraud In Layers, With Moats
Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. In an interview with PYMNTS,...
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6.5KSecurity & FraudFBI Probing Hack Of US Electricity Providers
The FBI is investigating a hacking campaign that targeted more than a dozen U.S. utilities, some of which are located near critical...
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3.9KSecurity & FraudMalicious Apps Gained Access To Some Facebook, Twitter Users’ Personal Info
After using their accounts to log into specific Android apps downloaded from the Google Play store, Twitter and Facebook noted that the personal information...
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6.7KSecurity & FraudGIACT On Payments’ $29M Wire Fraud Wake-Up Call
Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants:...
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9.5KSecurity & FraudCapOne Back Online After Major Outage
Capital One saw an outage on Friday (Nov. 1) that kept some of its customers from accessing their accounts and direct deposits,...
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2.8KSecurity & FraudAmazon, Google Smart Speakers Could Be Breached By Hackers
Security researchers at SRLabs have discovered a new vulnerability that could leave Google and Amazon smart speakers exposed to hackers. “Through the...
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6.2KSecurity & FraudThe Hidden Fraud That Spells Big Marketplace Losses
Everyone loves a good, free introductory offer: the month of free access to a streaming service, the free lift from a ridesharing...
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2.8KSecurity & FraudFacebook App Investigation Leads To Thousands Of Suspensions
Facebook revealed it has suspended “tens of thousands” of apps due to an investigation into how developers use its members’ data. “We...
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3.0KLegalEx-Google Engineer Charged With Selling Trade Secrets To Uber
Former Google engineer and self-driving pioneer Anthony Levandowski is being charged with stealing closely guarded secrets and selling them to Uber, The...
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4.9KSecurity & FraudHacker Prompts Shutdown Of ECB Website
A European Central Bank (ECB) website has been shut down after a malicious hacking attack infected the site. Reuters is reporting that...
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3.4KSecurity & FraudNew App Pinpoints Card Skimmers On Gas Pumps, ATMs
As credit card skimmers have gotten smarter, they have also gotten easier to detect, thanks to Bluetooth broadcasting that announces the presence...
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9.6KSecurity & FraudNew Strain Of Ransomware Striking US, European Firms
Cyber insurance claims are spiking as a new type of ransomware targets companies across the U.S. and Europe, the The Financial Times...
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4.2KData DiveData Dive, Breaches And Security Blips Edition: KeyBank, Microsoft And Bulgaria
As temperatures nationwide heated up, the world of payments and commerce followed suit. Between the commerce explosion that was the celebration of...
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3.3KSecurity & FraudTech Experts To Visit White House To Discuss Huawei Ban
The U.S. ban on sales to China’s Huawei is expected to be a topic of discussion Monday (July 22) between White House...
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3.2KSecurity & FraudAnother 2.2M Patients’ Data Exposed In AMCA Data Breach
Clinical Pathology Laboratories (CPL) is the latest victim of a data security breach at the billing collections service American Medical Collection Agency...
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4.0KDigital PaymentsP2P Payments Find Fans In The Black Market
Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant...
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3.9KSecurity & FraudCrypto Regulation To Tighten Scrutiny On Money Laundering
Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as...
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2.4KToday In DataSecuring Digital Identities In The Information Age
Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. In B2B news, Visa is launching an end-to-end...
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4.1KNewsVisa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News
Yes, the weekend has arrived! We don’t know about you, but it was a busy week for PYMNTS, given all the news...
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2.0KPersonnelWells Fargo Could Name Interim CEO As Permanent Replacement
Wells Fargo & Co., the bank still reeling from its fake account scandal, could name interim Chief Executive Allen Parker as its...
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3.0KSecurity & FraudLabCorp Says 7.7M Customers May Have Been Impacted By AMCA Breach
LabCorp, the medical testing company, disclosed Wednesday (June 5) that 7.7 million customers may have been impacted by the data breach that...
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2.8KBank RegulationPost-Baoshang Takeover, China Aims To Reassure Investors
China’s Central Bank said over the weekend that there won’t be any more takeover of banks after the government’s intervention with Baoshang...
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2.6KGoogleDOJ To Open Google Antitrust Probe
The Justice Department is gearing up to launch an investigation into Google to find out if it engaged in antitrust practices. Reuters,...
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3.4KInvestmentsDashlane Raises $100M, Names New CMO
Credential and digital identity management solution company Dashlane announced Thursday (May 30) it raised $110 million in funding and appointed Joy Howard...
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6.2KSecurity & FraudApp Defect May Have Exposed First American Financial Customers’ Data
First American Financial, the real estate title insurance company, may have provided unauthorized access to the financial information of its customers. According...
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3.9KSecurity & FraudFinCEN Calls For Private Sector Innovation
The Financial Crimes Enforcement Network (FinCEN) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector...
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3.4KSecurity & FraudCrypto Diamonds Are For … Never(?)
Charles Ponzi built his eponymous schemes on the promise of profits tied to postage stamps. But ours is a decidedly high-tech world,...
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4.9KSecurity & FraudTruecaller Denies Hack As User Info Emerges On Dark Web
Data from Truecaller, the Swedish caller identity app company, is reportedly being sold in private internet forums, including data on customer phone...
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3.2KRidesharingNY AG, Mayor Launch Inquiries In Taxi Industry Practices
The New York Attorney General’s office and New York Mayor Bill de Blasio have both ordered investigations into the practices of the...
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3.1KGoogleGoogle Cuts Ties With Huawei
Google is halting a business relationship with Huawei, the Chinese telecommunications company, in what is seen as a blow to the company...
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8.6KSecurity & FraudNY Seizes Municipal Credit Union After Embezzlement
New York’s Department of Financial Services seized Municipal Credit Union, New York’s oldest credit union, on Friday (May 17), saying it is...
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4.8KSecurity & FraudRegulators Investigate China’s Ex-Securities Regulator
Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. According to a report in Reuters...
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3.3KRegulationEU Fines Banks Billions For Manipulating Currency Prices
The European Union has slapped Barclays, RBS, Citigroup, JPMorgan and MUFG with a €1.07bn fine over allegations that they worked together to manipulate...
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3.5KSecurity & FraudFormer JPMorgan Asia Executive Charged In Hiring Scandal
A former JPMorgan Chase executive was charged in Hong Kong for bribing an executive of another firm by offering his son a...
