Security & Fraud

Security & Fraud
UnitedHealth Group Reports Critical Services Restored After Cyberattack
March 14, 2024

UnitedHealth Group (UHG) reported Thursday (March 14) that some critical services are back online at its subsidiary Change Healthcare, which has been dealing with a cyberattack on its claims and payment infrastructure.  In a Thursday update on a UHG page devoted to the Change Healthcare cyber response, Wendi Whitmore, senior...

Security & Fraud
Latest Facebook-Related Scam Puts Banking Customers on Alert 
March 13, 2024

Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through the site.     One recent story specifically identifies Facebook Marketplace as an especially popular place for scammers to hang out. So popular,...

Security & Fraud
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. After all, people make mistakes. They fall for scams, and frequently either ignore or fail to adhere to best practices when it comes to security — even around security-critical occasions...

Security & Fraud
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. The $4.1 million payments will go to some 27,000 consumers who were duped by a fake loan forgiveness scam, the Federal Trade Commission (FTC) said in a Wednesday (March 13) news release. “The scheme used many...

Security & Fraud
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.  These fraud factories operate predominantly across developing markets like...

Security & Fraud
New Data: Security Concerns Overshadow Convenience in ‘Everyday App’ Debate
March 06, 2024

More consumers than ever now rely on mobile apps to manage their daily chores. PYMNTS Intelligence found that a growing percentage of Americans click on apps to administer their bank activity (49%), bills and subscriptions (37%), savings and investments (26%), retail shopping (24%) and grocery...

Security & Fraud
Amazon Deploys Technology, Education to Combat Impersonation Fraud
March 05, 2024

Amazon is using several tactics to combat impersonation fraud. The company’s multifaceted approach includes deploying advanced technologies for better account protection, launching educational initiatives to help customers recognize genuine communications, and collaborating with law enforcement to dismantle scam operations, Amazon said in a Tuesday (March 5) blog...

Security & Fraud
Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
March 05, 2024

A post on an online forum popular with cybercriminals reportedly claimed that UnitedHealth Group paid $22 million to the Blackcat ransomware group to recover compromised data and systems of its subsidiary, Change Healthcare. In addition, a cryptocurrency tracking firm’s analysis suggests the occurrence of a significant transaction with...

Security & Fraud
American Express Notifies Customers of Data Breach at Third Party Used by Others
March 04, 2024

American Express has notified customers of a data breach at a third-party service provider that is used by many merchants. The unnamed service provider “experienced unauthorized access to its system,” and account information of some American Express card members may have been involved, American Express said...