Cybersecurity

Cybersecurity
State of the Payment Scam: Banks Battling APP Fraud
March 13, 2024

The world’s cybercriminals all share one thing in common: they understand people can be exploited. 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
FTC Refunds $4.1 Million to Student Loan Scam Victims
March 13, 2024

The FTC is sending millions in refunds to victims of a student fraud scheme. 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...

Cybersecurity
Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
March 13, 2024

Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting in an estimated $75 billion lost over the last four years.  Get the Full Story Complete the form to unlock...

Cybersecurity
Vero and Privacy4Cars Launch Data Privacy Solution for Connected Cars
March 12, 2024

Vero and Privacy4Cars have partnered to provide privacy tools and identity protection services for owners of connected cars. 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...

Fraud Prevention
UK Wants to Turn Faster Payments Into Four-Day Payments
March 12, 2024

When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting authorized push payment (APP) fraud, has left observers wondering whether that island may be sinking.  Get the Full Story Complete...

Fraud Prevention
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
March 12, 2024

The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they suspect fraud.  Get the Full Story Complete the form to unlock this article and enjoy...

Cybersecurity
Eye Security Raises $39 Million Led by JPMorgan as EU Ransomware Attacks Jump
March 10, 2024

Dutch cybersecurity firm Eye Security has reportedly raised $39 million to expand throughout Europe. 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...

Cybersecurity
UnitedHealth Cyberattack Could Hurt Hospitals’ Credit
March 10, 2024

American healthcare providers may see their credit hurt following the recent cyberattack on UnitedHealth. 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....

Fraud Prevention
eCommerce Merchants Fail to Connect Failed Payments and Fraud
March 08, 2024

Despite the many fraudsters on the prowl seeking to exploit any vulnerabilities they can find in the payments ecosystem, only about one-third of eCommerce merchants connect the dots between failed payments and potential fraud. Get the Full Story Complete the form to unlock this article...