Security & Fraud

Security & Fraud
64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
May 25, 2023

The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This joyless game of whack-a-mole is keeping fraud fighters busy, but their adversaries never sleep. Get the Full Story Complete the...

Security & Fraud
China Cracks Down on AI Amid Rise in Deepfake Scams
May 22, 2023

China has reportedly heightened scrutiny of “deepfake” tech amid a rise in artificial intelligence (AI)-driven fraud. 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...

Security & Fraud
DOJ: Las Vegas Man Charged in $45 Million CoinDeal Scheme
May 19, 2023

Another person has been charged for allegedly participating in the multimillion-dollar CoinDeal investment fraud scheme that was announced in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to an 8% drop compared to 2021 figures, there’s no debate that the battle to prevent...

Security & Fraud
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. 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...

Security & Fraud
Mastercard to Offer Vesta’s Fraud Protection Solutions in APAC Region
May 12, 2023

Mastercard will soon offer Vesta’s fraud protection solutions to eCommerce merchants in the Asia-Pacific (APAC) region. 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...

Security & Fraud
Experian Debuts Network to Flag Fraud Risk Using FinTech Data
May 10, 2023

Experian has launched a FinTech-centric version of its fraud prevention network in the U.S. 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...

Security & Fraud
Unauthorized GCash Withdrawals Highlight Dangers of Digital Wallet Fraud 
May 09, 2023

The hackers have been foiled.   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...

Security & Fraud
Equifax Launched Fraud Protection Tool for Small Businesses on Shopify
May 05, 2023

Equifax has launched a fraud protection tool for Shopify designed for small business merchants. 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...