Cybersecurity

Cybersecurity
FBI Warns Fake Crypto Apps Robbed Investors of Millions
July 19, 2022

The FBI is warning investors and financial institutions (FIs) that fraudulent cryptocurrency apps tricked 244 victims out of $42.7 million between October 2021 and May 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fraud Prevention
Ujji on Fighting First-Party Fraud and Coupon Abuse
July 18, 2022

In the July "Digital Fraud Tracker®," Jake Doering, founder of wellness drink company Ujji, tells PYMNTS how dynamic discount codes and tailored communications can help companies prevent the growing number of consumers who abuse merchant policies.

Fraud Prevention
The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
July 15, 2022

With the surge of credit card transactions during the pandemic is the seemingly inescapable cascade of disputes and chargebacks that eat into profits and create back-office havoc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Fraud Prevention
Merchants Walk Fine Line Policing $90B of Promotions Abuse
July 15, 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...

Fraud Prevention
300 Merchants Share Best Practices on Resolving Costly Credit Card Disputes
July 14, 2022

Credit card transaction volume during the past two years has presented something of a model of the rest of the economy since the pandemic began — a sharp drop-off, followed by a rebound. Credit card transaction volume jumped 26% in 2021, and accompanying this increased...

Cybersecurity
FBI: Businesses Lose $43B to Email Fraud
July 13, 2022

Fraudsters have an extensive arsenal of methods when it comes to scamming businesses. 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
UK Regulator Urges Government To Review Internal Use of WhatsApp, Private Emails 
July 12, 2022

The U.K. Information Commissioner’s Office (ICO) published on Monday, July 11, a report about the government use of private correspondence channels like WhatsApp, private emails and messaging apps to conduct official business. As a result of the risks identified in the report, the ICO is...

Cybersecurity
Should Banks Be Liable for Unauthorized Push Payments Fraud?
July 12, 2022

“Caveat emptor,” goes the old saying — buyer beware. 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,...

Cybersecurity
AI Helps Banks Protect Small Businesses as They Become More Digital
July 11, 2022

Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. 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...