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Chinese telecom firm Huawei was charged with racketeering and conspiracy to steal trade secrets on Thursday (Feb. 13), along with two of its U.S. subsidiaries, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Cyprus, the Netherlands, Portugal and other countries are in trouble with the European Commission over their failure to implement new rules cracking down on money laundering, according to Reuters on Wednesday (Feb.12). Get the Full Story Complete the form to unlock this article and enjoy...
For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. Though not quite as ubiquitous as it was a few years ago, the challenge-based verification tool asks users...
Consumers reported losing $201 million to romance scams last year — an almost 40 percent increase since 2018 per new U.S. Federal Trade Commission data from the Consumer Sentinel Network, according to a press release Wednesday (Feb. 12) from the agency. Get the Full Story Complete the...
According to the 2019 edition of the FBI’s Internet Crime Report, last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5 billion. Get the...
Not long ago, it seemed that Iran was the central cyberthreat to the U.S., at least in terms of immediacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Federal prosecutors charged four Chinese intelligence officers on Monday (Feb. 10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. Get the Full Story Complete the form to unlock...
