Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for an initial public offering (IPO) by the end of 2025. The firm aspires to list on the Nasdaq in the...
Where new technology and new payment preferences arise, the hackers and scammers are sure to follow. Where technology helps connect consumers to apps and payment schemes, new attack vectors arise. QR codes have been around for roughly 30 years, and are enjoying a tailwind at...
Sift has unveiled new integrations and automation capabilities for its Dispute Management product, providing merchants with a solution to efficiently manage chargebacks. The latest integrations with PayPal and Adyen, two of the largest payment processors globally, allow Dispute Management customers to streamline the chargeback management process, the digital trust and safety...
Hack by hack, the fraudsters are getting bolder. And for enterprises girding against the rising tide of disruption and ransomware, advanced technologies are integral parts of any line of defense. A spate of attacks detailed over the last several days and weeks underscores the urgency...
FinTech-as-a-Service firm Solid Financial is being accused of falsifying its revenue numbers to woo investors. A lengthy report published Monday (Sept. 18) by FinTech Business Weekly said the company appears to have undertaken a scheme to inflate its booked revenue to present a positive impression for potential...
If the pace of innovation today were an athlete, it would be Usain Bolt. That’s how fast the world is changing as new technologies are successfully introduced. But for every great and positive innovation taking place around the world today, there is an equal and...
Caesars Entertainment, the operator of Caesars Palace in Las Vegas, reportedly fell victim to a cyberattack during the summer and paid a ransom of approximately $15 million to the hackers. The company is expected to disclose this cyberattack in a Securities and Exchange Commission (SEC)...
Account-to-account (A2A) platform Form3 says Visa is a believer in its anti-fraud efforts. To that end, the payments giant has invested in the British company to help support its expansion, focusing on preventing fraud and increasing operational efficiency in real-time payments, Form3 announced Tuesday (Sept....
Hackers reportedly gained control of the X, formerly Twitter, account of Ethereum founder Vitalik Buterin and stole more than $691,000 from unsuspecting victims. The attack was carried out through a phishing link that provided unauthorized access to people’s wallets, with a significant portion of the...
