Cybersecurity

Fraud Prevention
Half of Merchants Say Managing the Cost of Chargebacks Is Their Biggest Problem
May 22, 2023

When half of merchants report wrestling with their most costly and contentious problem, it demands attention. Chargebacks are just such an issue and one that merchants, and their payment partners, want and need to bring under control. Get the Full Story Complete the form to...

Cybersecurity
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...

Cybersecurity
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....

Fraud Prevention
Apple: App Store Blocked $2+ Billion in Fraud in 2022
May 17, 2023

Apple says it prevented more than $2 billion in fraudulent app store transactions last year. 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,...

Fraud Prevention
ComplyAdvantage Debuts AI-Powered Fraud Fighting Tool
May 16, 2023

ComplyAdvantage says it is using artificial intelligence (AI) to ferret out financial crime. 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....

Cybersecurity
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...

Cybersecurity
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...

Cybersecurity
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...

Risk Management
Business Spend Management Goes Real Time as CFOs Conserve Cash
May 11, 2023

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mesh Payments CFO Anna King says CFOs don’t have the luxury of assuming the current company spend is the best...