security & fraud

Online Romance Scams Grow More Sophisticated With Deepfakes, Advanced Tech
Online Romance Scams Grow More Sophisticated With Deepfakes, Advanced Tech
February 13, 2024  |  Security & Fraud

In this era of connectivity, where virtual encounters often precede physical ones, online relationships have become a breeding ground for exploitation, with fraudsters capitalizing on...

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TruShield Insurance and Visa Team on Cybersecurity for Small Businesses
TruShield Insurance and Visa Team on Cybersecurity for Small Businesses
February 13, 2024  |  Security & Fraud

Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats.   “Not having adequate protection against cyberattacks could leave business owners at...

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Increasing Ransomware Incidents Highlight Critical Role of Advanced Tech in Fighting Fraud
Increasing Ransomware Incidents Highlight Critical Role of Advanced Tech in Fighting Fraud
February 08, 2024  |  Security & Fraud

Ransomware payments surpassed $1 billion in 2023, marking a record peak following a decrease in 2022, according to the latest chapter of Chainalysis’ 2024 Crypto...

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FTC Sending $610,000 in Refunds to Tech Support Scam Victims
FTC Sending $610,000 in Refunds to Tech Support Scam Victims
February 08, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) has begun sending refunds to consumers who lost money in a tech support scam facilitated by payment processor Nexway. This move follows a...

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APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
February 06, 2024  |  Security & Fraud

The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated...

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Criminals Target Big Ticket Transactions in Commercial Banking Fraud Surge
Criminals Target Big Ticket Transactions in Commercial Banking Fraud Surge
February 05, 2024  |  Security & Fraud

What’s better than $10,000? Try $25 million. That, it appears, is the thinking of an emerging cohort of bad actors and financial criminals behind a...

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Moving GenAI in Payments From Talking Point to Embedded Feature
Moving GenAI in Payments From Talking Point to Embedded Feature
January 29, 2024  |  artificial intelligence

From education to business to healthcare, the opportunities that artificial intelligence presents are limitless — at least according to proponents of the technology. But what...

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Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
January 24, 2024  |  Security & Fraud

Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries...

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Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024  |  Security & Fraud

The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit...

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