Security & Fraud

Security & Fraud
Increasing Ransomware Incidents Highlight Critical Role of Advanced Tech in Fighting Fraud
February 08, 2024

Ransomware payments surpassed $1 billion in 2023, marking a record peak following a decrease in 2022, according to the latest chapter of Chainalysis’ 2024 Crypto Crime Report.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
FTC Sending $610,000 in Refunds to Tech Support Scam Victims
February 08, 2024

The Federal Trade Commission (FTC) has begun sending refunds to consumers who lost money in a tech support scam facilitated by payment processor Nexway. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
February 06, 2024

The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated by the recent introduction of real-time payments in the United States. Get the Full Story Complete the form to unlock this...

Security & Fraud
Criminals Target Big Ticket Transactions in Commercial Banking Fraud Surge
February 05, 2024

What’s better than $10,000? Try $25 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...

Security & Fraud
Cybera and Chainalysis Partner to Help Organizations Prevent Financial Cybercrime
February 05, 2024

Cybera, a provider of advanced reporting and prevention tools, has launched a strategic integration with Chainalysis, a blockchain data platform, to equip government agencies and compliance teams with enhanced insights to combat scams and prevent financial cybercrime.  Get the Full Story Complete the form to unlock...

Security & Fraud
National Bank of Romania Warns Consumers About Deepfake Videos
February 05, 2024

Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Report: Identity Theft Indictments Include Conspirators in $400 Million FTX Hack
February 02, 2024

Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Visa: Innovation Boosts Authorization Rates as Merchants Improve the Customer Experience
February 02, 2024

“There’s a lot going on for merchants today, and they have a lot to juggle,” Saurabh Chopra, head of product, U.S. debit, prepaid and real-time payments at Visa, told PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
AI’s Role in Helping Banks Fight Fraud and Financial Crimes
February 01, 2024

Easy money attracts bad actors.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...