Cybersecurity

Cybersecurity
Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
August 08, 2024

Banks and their IT providers will soon face tougher scrutiny in the European Union (EU). 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,...

Fraud Prevention
Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
August 07, 2024

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cybersecurity
Scammers Target Olympic Venue With Ransomware Attack
August 06, 2024

French police are reportedly investigating a ransomware attack at a Paris Olympic venue. 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....

Cybersecurity
German Prosecutors Charge 2 Former Wirecard Executives With Embezzlement
August 06, 2024

Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cybersecurity
IBM Debuts AI-Powered Threat Detection Tools
August 05, 2024

IBM has added generative artificial intelligence (AI) capabilities to its managed threat detection and response services. 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...

Cybersecurity
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
August 04, 2024

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June 30, the bank indicated that the CFPB has inquired about transactions through the Zelle network and that it is currently...

Cybersecurity
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024

Identity security firm Axiad has raised $25 million in a new funding round. 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....

Cybersecurity
UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
August 02, 2024

The United Kingdom’s National Crime Agency (NCA) reported Thursday (Aug. 1) that it shut down a platform that was used to make 1.8 million scam calls to people in 107 countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
More Than Half of US Consumers Use P2P Apps to Send Money
August 02, 2024

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a shadow over their growth. Get the Full Story Complete the form to unlock this article...