Digital marketplaces have become beloved by buyers and sellers — and fraudsters. Nick Huzar, CEO of OfferUp, says most current authentication standards are either too lax — sacrificing security for simplicity — or too stringent, which hurts the user experience. In the latest Digital Fraud...
Almost five years ago (on Dec. 19, 2013), Target was breached. Roughly 40 million consumer credit cards were hacked, and the public outcry of shock was massive. People could not believe an entity like Target could be so completely compromised. Get the Full Story Complete...
George Higginbotham, a former Department of Justice employee in the U.S., pleaded guilty as part of the 1Malaysia Development Berhad bribery and embezzlement scandal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
HSBC, one of the largest banks in the world, wants to launch its new cloud-based anti-money laundering risk management system by next year, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In what may be among the largest data breaches in history, Marriott International said Friday morning (Nov. 30) that as many as 500 million guests’ data was accessed, tied to a breach of the Starwood hotel guest reservation database. Get the Full Story Complete the...
President of Chinese financial investment platform Phoenix Finance believes the nation’s FinTech companies pose “a very big risk.” Vince Zhang spoke at CNBC‘s East Tech West conference in China, saying that many of the country’s tens of thousands of FinTech firms don’t have the controls...
Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. It is also, according to WePay Co-Founder Rich Aberman and WePay VP of...
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Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article...