Cybersecurity

Cybersecurity
Apple Software Patch is an Indication of an Intensifying Cybersecurity Arms Race 
September 16, 2021

Apple released an emergency software patch on Monday (Sept. 13) after researchers at University of Toronto’s Citizen Lab uncovered a security flaw that could allow hackers to secretly install spyware on Apple devices through iMessage without users’ knowledge. Get the Full Story Complete the form to unlock...

Fraud Prevention
Synchrony on How AI and MLCan Help FIs Combat Fraud and Deliver Frictionless Customer Experiences
September 16, 2021

Locking out fraud without increasing false positives can seem nearly impossible for financial institutions (FIs), but it doesn't have to be. In the Preventing Financial Crimes Playbook, Synchrony Chief Information Officer Bess Healy tells PYMNTS about the company’s path to 90% accuracy with the help...

Cybersecurity
FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
September 15, 2021

The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must notify users when data is breached, according to a press release. Get the Full Story Complete the form to unlock...

Cybersecurity
NFT Plaform OpenSea Said Employee Bought Items Before Sale
September 15, 2021

Nonfungible token (NFT) marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its top executives used inside knowledge to buy items ahead of promotion, the Financial Times (FT) reported. Get the Full Story...

Fraud Prevention
PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
September 15, 2021

Financial institutions (FIs) want to reduce fraud, but at the same time don’t want to create false positives, which is the flagging of legitimate customers as fraudulent. As a result, a growing number are turning to new solutions powered by artificial intelligence (AI) and machine learning (ML).  Get the Full Story...

Fraud Prevention
AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
September 15, 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 daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Cybersecurity
Apple Fixes Flaw That Was Causing Software Breach Since February
September 13, 2021

Apple has put out a new security update to fix a flaw that caused a software breach for months, The Wall Street Journal (WSJ) reported Monday (Sept. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
55% of Consumers Are Too Scared to Store Their Payment Details Online
September 13, 2021

The data breaches that have grabbed headlines and seemed to increase in frequency during the pandemic have kept consumers on their toes when it comes to storing data with merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Risk Management
Moody’s, BitSight Team On Cybersecurity Risk Platform
September 13, 2021

Moody’s Corporation and BitSight announced a collaborative effort aimed at helping the companies’ customers identify and quantify cybersecurity risk and potential for financial exposure, according to a Monday (Sept. 13) press release. Get the Full Story Complete the form to unlock this article and enjoy...