Hollywood-style image manipulation that used to require a huge investment and a team of talented people with above-average expertise can now be attained by anyone with a smartphone. Developments like these, which have gained attention following a spate of high-profile deepfake videos being posted on...
Social media scraping and automated fraud attacks have deemed old-school single-layer defense systems ineffective. In this month’s Digital Fraud Tracker, Georgetown cybersecurity Prof. Chuck Brooks tells PYMNTS how a mix of drills, training and separated siloes are the best way to send phishermen home empty-handed.
The U.S. Financial Crimes Enforcement Network (FinCEN) has revealed that more than $5 billion in bitcoin transactions were linked to ransomware payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
“Forty percent of shoppers who are declined on their first visit won’t return, and one-third will end up seeking out the competition,” says Liron Damri, president and co-founder of Forter. In “The Way Payments Are Now Done,” Damri and 32 other industry executives share their...
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Sundar Pichai, CEO of Google’s parent company Alphabet, said in a recent interview that there would be a need for new regulations, specifically for privacy standards similar to what is in place in Europe, along with a need for the U.S. to stay competitive in...
Victims of cyberattacks involving ransomware payments would have to report payouts to the Department of Homeland Security (DHS) under the Ransomware Disclosure Act proposed by Sen. Elizabeth Warren (D-Massachusetts) and Rep. Deborah Ross (D-North Carolina). Get the Full Story Complete the form to unlock this article...
The steady rise of the global eCommerce market has created a radically new fraud environment, where fraudsters now seek bigger targets, but strike less often. The evolution comes at a time when merchants that have embraced payments innovation are dealing with the challenges of an evolving fraud landscape – and face new risks of losing business or customers as...
Google’s Threat Analysis Group (TAG) is warning high-risk groups that there has been a surge in activity by government-backed hacking campaigns, up 33% so far this year over the same time period in 2020, according to a blog post. Get the Full Story Complete the...
