Fraud Attack news and trends

Visa: AI Helped Block 85% More Fraud on Cyber Monday
Fraud Prevention // December 17, 2024

Visa’s artificial intelligence (AI) and machine learning capabilities enabled it to block 85% more suspected fraud globally on Cyber Monday compared to a year earlier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

FTC Warns of ‘Massive Jump’ in Online Job Scams
Security & Fraud // December 12, 2024

The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Experian Expands Fraud Detection Capabilities With NeuroID Acquisition
Acquisitions // August 13, 2024

Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. 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...

CDK Global Hackers Tied to 96 Cyberattacks in Past Year
Fraud Attack // June 28, 2024

The hackers who struck car dealership software-as-a-service (SaaS) platform CDK Global on June 18 and 19 are reportedly affiliated with a Russia-based group called BlackSuit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Interviews & Exclusives
Online Merchants Grapple With Surge in Sophisticated Counterfeit Goods Scheme

May 09, 2024
The internet has been both a blessing and a curse to society and commerce alike.  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 […]

Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams

May 01, 2024
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Issuers Look Beyond Inflation and Interest Rates to Managing Real-Time Fraudsters

April 23, 2024
As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal....

90% of FIs Say a Fraud-Prevention Vendor’s Reputation Is Key to Collaboration 

April 23, 2024
More than 40% of financial institutions (FIs) report seeing increasing volumes of fraud and financial crimes, according to PYMNTS Intelligence data.  Get the Full Story Complete the form to unlock...

Quick Reads
Google Suspends Account of Advertiser That Distributed Malware

March 28, 2025
Google reportedly suspended the account of an advertiser that was placing sponsored Google ads that pretended to offer access to DeepSeek but actually delivered malware. 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. […]

Visa: AI Helped Block 85% More Fraud on Cyber Monday

December 17, 2024
Visa’s artificial intelligence (AI) and machine learning capabilities enabled it to block 85% more suspected fraud globally on Cyber Monday compared to a year earlier. Get the Full Story Complete...

FTC Warns of ‘Massive Jump’ in Online Job Scams

December 12, 2024
The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” Get the Full Story Complete the form to unlock...

Experian Expands Fraud Detection Capabilities With NeuroID Acquisition

August 13, 2024
Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...