The thing about far-away technological innovations is that they get closer to reality each day. And with the news Tuesday (May 21) that Zoom is making post-quantum end-to-end encryption (E2EE) globally available across its Zoom Workplace platform, specifically Zoom Meetings with Zoom Phone and Zoom Rooms coming soon,...
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024...
The internet has been both a blessing and a curse to society and commerce alike. And with the news Wednesday (May 8) that a criminal network of over 75,000 fake eCommerce shops has scammed over 800,000 shoppers in the U.S. and Europe, embracing digital innovation while...
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce. And in an era where technology has become increasingly sophisticated, so too have the methods employed by scammers. From identity theft to fraudulent transactions, scams are evolving at an...
May 09, 2024
The internet has been both a blessing and a curse to society and commerce alike. And with the news Wednesday (May 8) that a criminal network of over 75,000 fake eCommerce shops has scammed over 800,000 shoppers in the U.S. and Europe, embracing digital innovation while at the same time ensuring payments security is top of […]
May 01, 2024
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce. And in an era where technology has become increasingly sophisticated, so too have the...
April 23, 2024
As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal....
April 23, 2024
More than 40% of financial institutions (FIs) report seeing increasing volumes of fraud and financial crimes, according to PYMNTS Intelligence data. Faced with this onslaught of illicit activities, it’s little...
June 28, 2024
The hackers who struck car dealership software-as-a-service (SaaS) platform CDK Global on June 18 and 19 are reportedly affiliated with a Russia-based group called BlackSuit. This cybercriminal group has been tied to 96 extortion efforts since May 2023 and has likely committed dozens more, Bloomberg reported Friday (June 28). BlackSuit includes members who were formerly affiliated with cyber gangs […]
May 16, 2024
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible...
April 29, 2024
UnitedHealth Group CEO Andrew Witty will testify Wednesday (May 1) that hackers broke into its Change Healthcare unit’s systems through the Citrix portal. “On February 12, criminals used compromised credentials to remotely access a Change...
April 15, 2024
Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of State’s Diplomatic Security Service (DSS) issued a...
