Cybersecurity

The Data Point: 54% of B2B Retailers Turning Away Legit Customers Due to Fraud Fears
Fraud Prevention
The Data Point: 54% of B2B Retailers Turning Away Legit Customers Due to Fraud Fears
July 22, 2022

What you don’t know can cost you coming and going. Businesses failing to authenticate identity in B2B transactions are prime fraud targets on the one hand, while on the other, an obscured view of fraud attacks finds more B2B businesses declining good customers due to...

Half of Merchants Say Sunk Cost of Dealing With Chargebacks Is Their Worst Problem
Fraud Prevention
Half of Merchants Say Sunk Cost of Dealing With Chargebacks Is Their Worst Problem
July 21, 2022

Credit card chargebacks and the resulting revenue loss are major headaches for merchants, according to “Dispute-Prevention Solutions,” a PYMNTS and Verifi collaboration based on a survey of 301 merchants whose annual revenues from web-based or mobile app sales ranged from $20 million to more than...

DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
Cybersecurity
DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
July 21, 2022

Roughly a half-million dollars was seized on behalf of healthcare providers that reportedly paid ransom to North Korean hackers, the U.S Department of Justice said.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

AI Could Help FIs Fight Crime, Avoid Regulators 
Cybersecurity
AI Could Help FIs Fight Crime, Avoid Regulators 
July 20, 2022

When it comes to artificial intelligence (AI), being behind the technology curve not only leaves banks more vulnerable to financial crimes, but the lag can also trigger some raised eyebrows from regulators. Get the Full Story Complete the form to unlock this article and enjoy...

FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
Cybersecurity
FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
July 20, 2022

For banks and for the FinTechs, the first moments of engagement are among the most critical. 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...

Competitors Become Collaborators in Fight Against Financial Crime
Cybersecurity
Competitors Become Collaborators in Fight Against Financial Crime
July 20, 2022

In financial services, the greater the surface area, the greater the chance the fraudsters will strike — and be successful. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Study Finds Half of Retailers Turned Away New Business Customers Over KYB
Fraud Prevention
Study Finds Half of Retailers Turned Away New Business Customers Over KYB
July 20, 2022

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 marketing communications from PYMNTS and...

Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Cybersecurity
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook to make consumers whole. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

PYMNTS Intelligence: Protecting Against Promotion Abuse and Other Forms of First-Party Fraud
Fraud Prevention
PYMNTS Intelligence: Protecting Against Promotion Abuse and Other Forms of First-Party Fraud
July 19, 2022

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 marketing communications from PYMNTS and...