Cybersecurity
This Week in AI: Security Flaw Exposes AI Giants While Robot Workers Get Upgrade
Friday 20th December - 3:37 pm
This week in AI, security researchers stole artificial intelligence models with near-perfect accuracy by capturing ...CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
Friday 20th December - 11:53 am
The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its ...Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships
Friday 20th December - 4:03 am
As the banking and payments sector stands on the cusp of 2025 on a new ...The Payments Problem Small Businesses Don’t Know They Have
Friday 20th December - 4:03 am
The circle of trust and the issues around risk management explored in PYMNTS’ recent “What’s ...Visa Finalizes Featurespace Purchase to Boost Fraud Prevention
Thursday 19th December - 12:33 pm
Visa said it completed its acquisition of financial crime/payments fraud prevention provider Featurespace. “Visa will add ...ValidiFI: Cross-Referencing Identity Elements Helps Spot Fraud Risk
Thursday 19th December - 8:05 am
Consumers who initially appear low risk based on basic bank account validation may be revealed ...Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
Thursday 19th December - 4:02 am
The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust ...Mastercard: New Use Cases Prep for ‘Total’ eCommerce Tokenization by 2030
Thursday 19th December - 4:01 am
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number ...Velera Partners With The Knoble to Combat Financial Crimes
Wednesday 18th December - 6:00 pm
Credit union service organization Velera partnered with The Knoble to combat human crime, which includes ...Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help
Wednesday 18th December - 4:49 pm
Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which ...QR Codes Are Everywhere — But Are They Safe for Payments?
Wednesday 18th December - 3:47 pm
QR codes have become a common feature in retail, marketing and payment systems, changing the ...AI Signal Vulnerability May Invite Model Theft
Tuesday 17th December - 8:14 pm
Researchers say they have demonstrated a potential method to extract artificial intelligence (AI) models by ...Visa: AI Helped Block 85% More Fraud on Cyber Monday
Tuesday 17th December - 2:37 pm
Visa’s artificial intelligence (AI) and machine learning capabilities enabled it to block 85% more suspected ...Revolut Introduces Fraud Protection for Crypto Customers
Tuesday 17th December - 9:45 am
Revolut will reportedly offer new anti-fraud security measures to its cryptocurrency customers starting next year. “In the crypto ...Fraud Expert Claims Four Key Pillars of Risk Threaten Consumer and Merchant Circle of Trust
Tuesday 17th December - 4:02 am
Trust is a balancing act as companies, banks and merchants collaborate to make everyday financial ...Rhode Island Urges Residents to Protect Personal Information Amid Data Breach
Monday 16th December - 5:38 pm
Rhode Island is urging the state’s residents to protect their personal information amid a data ...How the Math Powering Payments Adds Up in the Quantum Era
Monday 16th December - 3:58 pm
At a first-principles level, math forms the foundation of the entire payments ecosystem. There are ...HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
Monday 16th December - 6:51 am
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities ...AI Validates Trading Partners While Playing Role of B2B Fraud Fighter
Monday 16th December - 4:03 am
The paper check endures, perhaps bafflingly so, in the digital age. There are easier ways ...Why More Connectivity Means More Vulnerability for Cross-Border Payments
Monday 16th December - 4:02 am
Today’s interconnected world is, well, increasingly connected. Fundamentally, that means it relies on trust. In the ...Yearlong Cyberattack Targets Security Workers
Sunday 15th December - 9:41 pm
The year of the cyberattack is apparently not going to end quietly. For example, a report ...Trump Looks to Go ‘On the Offense’ Against Cyberattackers
Sunday 15th December - 9:23 pm
President-elect Donald Trump is reportedly looking for ways to get tougher on cyberattackers. That’s according to ...Rhode Island Benefits Portal Hit by Ransomware Attack
Sunday 15th December - 4:00 pm
Rhode Island’s public benefits system has reportedly been targeted in a ransomware attack. Hackers breached the ...FTC Warns of ‘Massive Jump’ in Online Job Scams
Thursday 12th December - 6:34 pm
The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of ...AWS and TSYS Say Financial Services’ Shift to the Cloud Includes Responsible Innovation
Thursday 12th December - 4:03 am
It seems like everything is moving to the cloud — from data to infrastructure — ...Business Infrastructure Under Siege as Cybercriminals Target Data Transfer Points
Wednesday 11th December - 4:05 pm
The cornerstones of modern businesses are under attack. With the news Monday (Dec. 9) that ...Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
Wednesday 11th December - 1:39 pm
Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology ...Why Payment Choice Can Make or Break Retail’s Holiday Season
Wednesday 11th December - 4:02 am
There are more than a few factors tied to success during the holiday season. To ...OFAC Sanctions Parties Involved in Compromise of 81,000 Firewalls
Tuesday 10th December - 8:08 pm
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a China-based ...Google Cloud and Swift Partner on AI Model Training
Tuesday 10th December - 6:56 pm
Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions ...Meta Sounds Pre-Holiday Alarm as Scam Incidents Jump 56%
Tuesday 10th December - 4:25 pm
Meta has launched a pre-holiday anti-scam awareness campaign to keep users safe. “Scammers are persistent and ...Newly Flush With Capital, Challenger Banks Face New Challenges
Tuesday 10th December - 12:48 pm
A wave of funding rounds over the past several months is giving challenger banks fresh ...MoneyLion Acquired by Gen Digital to Create Financial Security Ecosystem
Tuesday 10th December - 12:03 pm
Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company ...How Data-Sharing Consortium Approaches Are Beating Back Bank Fraud
Tuesday 10th December - 11:34 am
When it comes to fraud prevention, sharing is caring for financial institutions. News broke this month ...Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
Tuesday 10th December - 4:00 am
As digital transactions play a role in the financial landscape, financial institutions invest heavily in ...British Think Tank: Paying Whistleblowers Could Be ‘Pivotal’ in Preventing Fraud
Sunday 8th December - 9:10 pm
A British defense/security think tank says the country should pay whistleblowers to prevent fraud. The Royal ...AI Adoption Still in ‘Very Early’ Stages, BlackRock Exec Says
Sunday 8th December - 7:28 pm
Investment giant BlackRock expects 2025 to be a big year for infrastructure and cybersecurity. And the ...BEC and Phishing Attacks Surge, Exploiting New Domain Names
Friday 6th December - 2:36 pm
Technology begets opportunity, for both successful companies and fraudsters. And today’s rising tide of cybercrime has ...Equifax and Mastercard Partner on Fraud Management in Latin America
Thursday 5th December - 7:43 pm
Equifax and Mastercard have partnered to provide fraud management tools to businesses in Latin America, excluding Brazil. This ...FTC Sends $500K to Consumers in Vivint Credit Report Case
Thursday 5th December - 2:48 pm
The FTC is sending almost $500,000 in payments to consumers it says were harmed by Vivint Smart Homes. According ...Socure’s Friendly Fraud Fighting Consortium Hits Data Collection ‘Milestone’
Thursday 5th December - 2:11 pm
Socure says it has reached a milestone in its collaborative effort to combat “friendly fraud.” The identity ...Ongoing Salt Typhoon Hacking Campaign Targets Americans’ Call Record Metadata
Wednesday 4th December - 9:37 pm
Chinese hacking group Salt Typhoon reportedly has stolen the call record metadata of a “large ...SentinelOne’s Purple AI Security Suite Doubles Reach as Cyberthreats Grow
Wednesday 4th December - 8:41 pm
SentinelOne’s artificial intelligence (AI)-powered Purple security suite has doubled its market reach, now protecting twice ...Government Agencies Suggest Practices to Combat Elder Financial Exploitation
Wednesday 4th December - 1:54 pm
Financial institutions play an important role in combating elder financial exploitation and in supporting the ...Social Engineering Game Exposes AI’s Achilles’ Heel, Experts Say
Tuesday 3rd December - 5:12 pm
A user needed just a few carefully crafted sentences to override an artificial intelligence system’s ...Staying Safe From AI’s Surging Enterprise Threat This Cyber Monday
Monday 2nd December - 11:50 am
Cyber Monday is the ultimate digital shopping event. But this year, the stakes are higher ...UK’s Revolut Facing Wave of Complaints Over APP Fraud Claims
Monday 2nd December - 11:29 amRevolut is reportedly facing a lawsuit tied into a wave of anti-fraud complaints. As Bloomberg News reported Monday (Dec. ...FTC to Expand Telemarketing Sales Rule to Combat Tech Support Scams
Wednesday 27th November - 7:37 pm
The Federal Trade Commission (FTC) is a step closer to expanding its Telemarketing Sales Rule (TSR) ...As Supply Chains Go Digital, Cybersecurity Must be Strongest Link
Wednesday 27th November - 7:11 pm
Cyber breaches, not coal in their stocking, is what businesses are worried about this holiday ...T-Mobile Spots and Ejects Possible ‘Salt Typhoon’ Hackers on Its Network
Wednesday 27th November - 4:29 pm
Unusual activity on T-Mobile network devices reportedly alerted the company to a breach. And as Bloomberg News reported Wednesday (Nov. ...3 Ways AI Moves B2B Tech From Reactionary to Anticipatory
Wednesday 27th November - 11:29 am
Across B2B payments and technology, artificial intelligence is emerging as more than just another transformative ...Chief Risk Officers Suit Up for Digital Duty
Wednesday 27th November - 4:01 am
As financial services become more interconnected and technology-driven, the role and impact of the chief ...Securing the Gig Economy: Combatting API Vulnerabilities and AI-Driven Threats
Tuesday 26th November - 5:44 pm
The success of the gig economy hinges on its underlying digital ecosystem, particularly APIs, which ...Ransomware Attack Targets Supply Chain Management Software Provider Blue Yonder
Monday 25th November - 6:32 pm
Supply chain management software provider Blue Yonder has reportedly been hit by a ransomware attack that ...Geico and Travelers Fined $11.3 Million for NY Data Breaches
Monday 25th November - 3:38 pm
New York state has penalized two auto insurance giants for failing to secure customer data. Geico ...The True Cost of Fraud Goes Well Beyond Dollars Lost
Monday 25th November - 4:01 am
The impact of fraud on a business can be swift and severe. Several payments companies have ...Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
Friday 22nd November - 4:49 pm
With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, ...Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management
Friday 22nd November - 4:01 am
As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ...Report: Financial Scams Drive 122% Increase in Fraud Losses by US Banks
Friday 22nd November - 4:00 am
Transactions have moved more digital, changing the fraud landscape. Financial institutions (FIs) have made real ...FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
Thursday 21st November - 4:56 pm
The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds ...Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
Thursday 21st November - 1:14 pm
The Federal Reserve Board said Thursday (Nov. 21) that it prohibited Shan Hanes, a former ...New AI Agents Take on Management Jobs
Thursday 21st November - 11:46 am
A new breed of autonomous artificial intelligence called agents is taking over customer service and ...PayPal Resolves 2-Hour Global Outage Affecting Multiple Products
Thursday 21st November - 10:52 am
PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. ...BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network
Wednesday 20th November - 10:38 am
Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime ...Discover Global Network: Future Payment Strategy Should Be Digital and Data-Driven
Wednesday 20th November - 4:00 am
When it comes to the economy, some things are not up for discussion. Everyone is ...Financial Institutions Face Surge in Check Fraud
Tuesday 19th November - 7:38 pm
Banks, credit unions and brokerages are reportedly racing to keep up with a surge in ...Digital Wallets Help Drive Widespread Adoption of Network Tokens
Monday 18th November - 5:03 pm
No matter the application, the guiding principle behind tokenization remains the same: replacing sensitive data ...AI Video Tool Scams Target Content Creators
Monday 18th November - 12:14 pm
Cybersecurity researchers have uncovered a sophisticated malware campaign using fake AI video generation software to ...Why the Customer Experience Should Drive Fraud Prevention Strategies
Monday 18th November - 4:00 am
A solid fraud prevention strategy includes reducing false positives and ensuring an improved customer experience, ...QR Codes Now Take 20% of All Online Scams
Sunday 17th November - 7:09 pm
As digital scams continue to evolve, QR codes have emerged as a new gateway for ...T-Mobile Network Reportedly Breached in Chinese Hacking Campaign
Sunday 17th November - 5:07 pm
T-Mobile was reportedly hacked in a recent cyberespionage attack on American and international telecommunications companies. Hackers ...Intellicheck CEO Sees Demand for Banking ID Verification as Fraudsters Grow Bolder
Thursday 14th November - 1:12 pm
Investors sent Intellicheck shares lower by 12% Thursday morning (Nov. 14) on a slight revenue ...How 21st Century CISOs Balance AI Risks Against Rewards
Thursday 14th November - 11:41 am
Artificial intelligence is a double-edged sword for modern enterprises. The role of the chief information security ...FinCEN Warns US Banks About AI Deepfake Frauds
Wednesday 13th November - 2:28 pm
Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury ...Grocery Giant Ahold Delhaize’s Cyber Incident Signals Wider Digital Achilles’ Heel
Wednesday 13th November - 11:46 am
Digital infrastructures now sit at the heart of almost every business operation. While this interconnectedness ...
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