A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of...
Making sure you are who you say you are is the central tenet in transactions, online and off. But in an age where identities have disparate digital attributes, how do you separate the wheat from the chaff from the synthetic persona on the other end...
A study released by the Federal Trade Commission’s (FTC) Office of Technology Research and Investigation has found that most major online businesses don’t have enough cybersecurity and are not doing enough to prevent consumers from phishing attacks. Phishing is an email scam where cyber criminals send a...
Pelican, a global provider of payments and compliance solutions for banks and corporates, is using the latest in technology to protect its clients from wire transfer fraud through its new Pelican Secure Fraud Prevention solution. Finextra reported on the announcement, which detailed how the company...
‘Tis the season … to be very, very wary of phishing and other types of fraud. Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation...
Long ago, a cartoon ran in The New Yorker, showing a canine seated at a desktop computer. “On the internet,” ran the caption, “nobody knows you’re a dog.” The same premise holds true today and poses a knotty question in online commerce and FinTech: How...
More troubles for Wells Fargo as New York’s Metropolitan Authority has put on hold any business concerning bond transactions and underwritings. Wells Fargo had been initially cleared before it was fined by the CFPB for allegedly creating unauthorized bank and credit card accounts.
Fraudsters are winning the cybersecurity war, and are increasingly targeting digital goods transactions, which show a three-fold increase in attacks over the four quarters ending March 2016. Food and beverage transactions are another popular target; this sector shows a 116 percent increase during the same...
Everyone said that fraud would move online in the U.S. post-EMV—and we now have proof that it has. A new report by PYMNTS and Forter shows that the rate of online fraud attacks has jumped by 11 percent since October, and by 215 percent since...
