Security

Computer security, also known as cybersecurity or IT security, refers to the security of computing devices such as computers and smartphones, as well as computer networks such as private and public networks, and the Internet.

(source: en.wikipedia.org)

Real-Time Payments Need Orchestration Layer to Solve Interoperability Gap
Real-Time Payments Need Orchestration Layer to Solve Interoperability Gap
March 11, 2024  |  Faster Payments

The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that...

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Consumers Embrace Connected Cars as Lawmakers Raise Fresh Security Concerns
Consumers Embrace Connected Cars as Lawmakers Raise Fresh Security Concerns
March 08, 2024  |  Technology

Connected vehicles, automobiles equipped with internet connectivity and a range of sensors that enable them to communicate with other vehicles, infrastructure, and external systems, continue...

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Strong Authentication Fosters Trust Among Open Banking Users
Strong Authentication Fosters Trust Among Open Banking Users
March 07, 2024  |  Fraud Prevention

The payments journey, and landscape, is an ever evolving one, but one thing is certain: fraudsters will try to exploit any vulnerability they can to...

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New Data: Security Concerns Overshadow Convenience in ‘Everyday App’ Debate
New Data: Security Concerns Overshadow Convenience in ‘Everyday App’ Debate
March 06, 2024  |  Security & Fraud

More consumers than ever now rely on mobile apps to manage their daily chores. PYMNTS Intelligence found that a growing percentage of Americans click on...

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Amazon Deploys Technology, Education to Combat Impersonation Fraud
Amazon Deploys Technology, Education to Combat Impersonation Fraud
March 05, 2024  |  Security & Fraud

Amazon is using several tactics to combat impersonation fraud. The company’s multifaceted approach includes deploying advanced technologies for better account protection, launching educational initiatives to help...

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Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
March 05, 2024  |  Security & Fraud

A post on an online forum popular with cybercriminals reportedly claimed that UnitedHealth Group paid $22 million to the Blackcat ransomware group to recover compromised data and...

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American Express Notifies Customers of Data Breach at Third Party Used by Others
American Express Notifies Customers of Data Breach at Third Party Used by Others
March 04, 2024  |  Security & Fraud

American Express has notified customers of a data breach at a third-party service provider that is used by many merchants. The unnamed service provider “experienced unauthorized...

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‘Pig Butchering’ Scams Pose Growing Risk to Businesses
‘Pig Butchering’ Scams Pose Growing Risk to Businesses
March 04, 2024  |  Security & Fraud

Behavioral fraud and social engineering scams are getting more dangerous for businesses. Despite the increasingly sophisticated weapons fraudsters have on hand to execute their scams, social...

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FIs Reckon With Rising Fraud Rates in Run-Up to Real-Time Payments
FIs Reckon With Rising Fraud Rates in Run-Up to Real-Time Payments
March 01, 2024  |  Security & Fraud

Financial institutions are beset on all sides. The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments”...

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