If there’s one unwelcome constant in payments, it’s fraud. Lately, fraud has multiplied, and social engineering scams and others are outpacing traditional fraud prevention measures. To battle fraudsters, financial institutions (FIs) need to take a proactive, holistic approach to security and scam protection in particular,...
Over 160 of the world’s largest enterprises had their data stolen this year. All by the same attack strategy. Each of the businesses, ranging from AT&T and Santander Bank to Advance Auto Parts and Ticketmaster parent company LiveNation, had uploaded massive volumes of sensitive customer...
Corporate email accounts are among the most exploitable entry points for scammers. Phishing, ransomware and business email compromise (BEC) attacks cost companies billions of dollars annually, often originating from compromised email credentials. That’s why the news this week (Oct. 30) that Amazon’s WorkMail enterprise email...
When it comes to payments and digital commerce, proper security is a necessity. And with the news that Amazon Web Services (AWS) is pushing ahead with making multi-factor authentication (MFA) mandatory for certain users, striking a productive and seamless balance between user experience and security is...
May 14, 2025
If there’s one unwelcome constant in payments, it’s fraud. Lately, fraud has multiplied, and social engineering scams and others are outpacing traditional fraud prevention measures. To battle fraudsters, financial institutions (FIs) need to take a proactive, holistic approach to security and scam protection in particular, Entersekt CEO Schalk Nolte told PYMNTS. That means using behavioral […]
May 30, 2024
With so much focus placed on mobile banking and digital wallets, online transactions are often lost in the mix. While mobile devices have become ubiquitous, conducting transactions via desktop browsers...
January 03, 2023
Retail call centers are the front line of consumer queries and the favorite new target for identity fraud. Daniel Flowe, head of identity strategy at Refinitiv, told PYMNTS that while...
June 14, 2021
In keeping with the adage that “no good deed goes unpunished,“ it turns out that those popular promotions and discounts that restaurants use to reward existing customers and attract new ones...
June 20, 2025
Thirty databases containing a total of 16 billion login records for a variety of online services were reportedly briefly exposed. Cybernews reported Wednesday (June 18) that the databases were accessible long enough for its researchers to discover them. The data is recent, not recycled from earlier breaches, and may contain overlapping information, according to the […]
June 03, 2016
“We live in a world where each day we are surprised by something new when it comes to the sophistication and the capabilities of hackers,” Benjamin Lawsky, banking and cybersecurity...
May 03, 2016
Digital biometric technology and authentication provider mSIGNIA announced on Monday (May 2) that it was issued U.S. Patent 9,294,448 covering digital biometric technology by the United States Patent and Trademark...
March 30, 2016
EBay is opening up, as it were, to the Fast IDentity Online (FIDO) Alliance — marking a first for any eCommerce company. The online marketplace announced yesterday (March 29) that it...
