Reputation is everything for jewelry merchants, but their credibility can lose its luster if artificial intelligence (AI)-equipped fraudsters aren’t preemptively stopped. In this month’s Digital Fraud Tracker, Jim Dunlap, chief information officer of jewelry and home goods retailer Kendra Scott, explains how the jewelry merchant...
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Following a consensus from a panel of industry fraud experts, the Federal Reserve is introducing a uniform definition of what constitutes synthetic identity fraud (SIF). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A number of European Union institutions — among them the European Commission — were the target of a “significant” cyberattack last week, Bloomberg reported on Tuesday (April 6). A commission spokesperson told the news organization that several EU bodies were attacked in an “IT security...
As so much of daily life and transactions move online, the digital-first economy is not without its new challenges. For example, the problem of identity theft is widespread — and to get a sense of scale, the Federal Trade Commission (FTC) has estimated that last...
At first glance, it seems so retro. Subscriber Identity Module cards, better known as SIM, used to be an easily removable portable memory chip that acted as the brain of a mobile device. They’re still the brain, and although consumers don’t need to swap them...
England and Wales’ chief criminal investigations agency, the Crown Prosecution Service, is preparing for an increase of prosecutions tied to cryptocurrency-related scams, the Financial Times reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The personal data of 533 million Facebook users, including phone numbers and emails, has been leaked, The Verge reported. 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...
There’s data — and then there’s the information that comes as data is being transmitted. It’s the digital version of body language and it’s all over the Dark Web. It’s awash in bits and pieces of consumer identity like Social Security numbers, names, addresses, schools and passwords. Name...
