Cybersecurity

Cybersecurity
SEC: Investment Advisers Made Phony AI Claims
March 18, 2024

Federal regulators have charged two investment advisers with making fraudulent claims about their AI usage. 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,...

Cybersecurity
Nacha Expands Receiving Depository Financial Institutions’ Role in Fighting Fraud
March 18, 2024

Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. 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...

Cybersecurity
FTC Sees Jump in AI-Related Scams on Social Media
March 17, 2024

Federal regulators have reportedly recorded a jump in AI-related scam ads on social media. 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...

Cybersecurity
Old School Fraud: Counterfeit Cash Makes Global Comeback
March 15, 2024

While we were all watching online fraud, social engineering and ransomware, an old school financial crime tactic is rearing its ugly head. Counterfeit banknotes are making a comeback back all over the world, exposing in-store merchants and restaurants to potential lost revenue. Get the Full...

Cybersecurity
UHC/Change Healthcare Hack Sows Negative Ripple Effects From a ‘Single Point’ of Failure
March 15, 2024

There’s a metaphor here — somewhere. A butterfly flaps its wings, a hurricane ensues. A rock in a pond sets waves in motion that reach distant shores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Fraud Prevention
Retailers Battle $101 Billion Returns Fraud Plague
March 14, 2024

How common has refund fraud — or returns fraud — become? 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. By completing...

Cybersecurity
UnitedHealth Group Reports Critical Services Restored After Cyberattack
March 14, 2024

UnitedHealth Group (UHG) reported Thursday (March 14) that some critical services are back online at its subsidiary Change Healthcare, which has been dealing with a cyberattack on its claims and payment infrastructure.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
HHS Launches HIPAA Rules-Focused Investigation of UnitedHealth Group Cyberattack
March 13, 2024

An office of the U.S. Department of Health and Human Services (HHS) has opened an investigation into the cyberattack that is impacting the UnitedHealth Group (UHG) subsidiary, Change Healthcare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cybersecurity
Latest Facebook-Related Scam Puts Banking Customers on Alert 
March 13, 2024

Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through the site.     Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...