An internal investigation is underway by the board of directors of Luckin Coffee Inc. into its former COO who may have inflated estimated revenues by more than $300 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The goal for any security platform aiming to enable digital commerce is as simple in concept as it is incredibly difficult to execute: Give the good customers a great experience, and give the bad guys pretending to be good customers a rough ride. Get the...
As individuals were beginning to seek COVID-19 benefits, hackers disrupted Italy’s Social Security internet site, per the leader of the welfare agency. Pasquale Tridico said his INPS unit had taken in approximately 339,000 applications to receive the $655 (600 euros) in benefits, but hackers had...
Marriott International experienced a massive data breach in an “incident” that involved a property system. The hotel firm said in a notice that it “at the end of February 2020, the company identified that an unexpected amount of guest information may have been accessed” with...
Pandemic-related chaos is an ideal environment for cybercrime, as merchants and financial institutions (FIs) have been discovering since the COVID-19 outbreak went global. With workflows disrupted and personnel dispersed, a rise in application fraud is being detected. When fraudsters open fake accounts and successfully drain...
The Department Of Homeland Security (DHS) is lengthening the enforcement deadline for REAL ID because of the coronavirus pandemic, according to a statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. Get the Full...
Cybersecurity insurance company Chubb, which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
