Fraudsters’ use of social engineering and phishing continues to triumph many of the modern-day fraud-fighting techniques. In this month’s Digital Fraud Tracker, PYMNTS talked with Enrique Alvarez, special agent for the FBI’s cyber branch, about how combining multifactor authentication and AI can help save merchants...
Financial institutions (FIs) often shut down accounts at the first sign of fraud, but this blanket approach can alienate legitimate users and let stealthier cybercriminals slip through the cracks. In the latest Preventing Financial Crimes Playbook, PYMNTS spoke with an FBI spokesperson to examine why...
Digital fraud has been a steadily growing issue over the past few decades, but it was kicked into overdrive during the past year due to record levels of digital engagement. Fraud attempts against businesses have increased by 46% since 2020, and this figure is only...
More businesses and consumers are conducting their daily tasks and transactions online, meaning offering seamless digital experiences is becoming increasingly important for today’s financial institutions (FIs). This also means banks must work to ensure their online services are kept secure against the bad actors as...
Many companies have taken their operations remote over the past year, and it is becoming clearer as 2021 progresses that a sizable share will keep them that way — even as brick-and-mortar locations reopen. Seventy-eight percent of CEOs agree that remote working and collaboration will persist...
More employees are taking their work home with them as businesses worldwide pivot toward remote operations. These moves have not been without their challenges, however, particularly in the cybersecurity realm. Firms are beginning to realize that the approaches that served them well in the office...
The past year saw an explosion in the number of employees working from home, and many are expected to remain there. Seventy-four percent of chief financial officers expect some of their employees to continue working remotely for the foreseeable future, in fact, and 81 percent...
Development teams are earning their keep (and then some) during the pandemic, keeping up with — and staying ahead of — prevailing 2021 trends in eCommerce and mobile security. PYMNTS May 2021 Solving The Performance And Security Equation: The New Rules For Secure Web Apps And APIs...
Bad actors leverage a bewildering variety of schemes, including ATOs, credential stuffing and phishing, against merchants. What all of these attack vectors have in common is that they rely on stolen customer data like email addresses, passwords or Social Security numbers, with fraudsters using these...
