April 05, 2017
Corporate Payments Fraud Hits Record Levels
More companies than ever before fell victim to payments fraud last year, according to new data. Research from the Association for Financial Professionals (AFP), outlined in its 2017 AFP Payments Fraud Survey,...
April 04, 2017
North Korea Linked To Bangladesh Heist
On Monday (April 3), Kaspersky Lab revealed a link between North Korea and the multimillion-dollar cyberattack that rocked Bangladesh’s central bank and the financial industry as whole last year. According...
April 04, 2017
Kaspersky Lab Hunts Down Infamous Lazarus Hackers
Kaspersky Lab released the results of its investigation into the notorious hacking group known as Lazarus — the same group that is believed to be behind the theft of $81 million...
April 04, 2017
Cybercriminals Opt For Low-Tech ATM Attacks
New research shows that hackers are turning to a new, more low-tech ways to steal money out of ATMs, Wired reported. The ATM-emptying attack, which cybersecurity researchers at Kaspersky said...
April 04, 2017
Accenture Completes Acquisition Of iDefense; Gives Clients Better Security Tools
Accenture announced Monday (April 3) that it has completed its acquisition of the iDefense Security Intelligence Services business from VeriSign. In a press release, Accenture said iDefense is one of the world’s first...
April 04, 2017
Japan Makes Bitcoin Legal Payment Method
While bitcoin has recently suffered some defeats in the U.S. at the hands of the SEC, not all news has been bad news. In a major move for bitcoin legitimacy,...
April 04, 2017
When Treasurers Are SMEs’ Worst Enemies
Insider fraud is an often overlooked threat to an organization that is instead looking outward to protect its money and data. According to research released by Haystax, nearly half of...
April 03, 2017
Faster Payments, Faster Fraud – The Future of Faster Payments...
Following NACHA’s new rule for same-day transactions, businesses and consumers are now able to benefit from same-day transaction processing, providing quicker access to payroll, account transactions and the like. While...
April 03, 2017
Any IoT Device Can Get Hacked — Even Dishwashers
Cyberattacks know no bounds. With the increasing amount of connected devices, it seems that the ways in which things in the Internet of Things (IoT) can be breached also rises....
Digital bill pay, while routine for most consumers, poses challenges such as fraud, friction and limited payment options — particularly in the utilities sector, where consumer trust is low. This edition of the “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines how billers and financial institutions can earn trust among consumers.
There’s no shame in asking for help. Eighty-two percent of merchants experienced a cyber or data breach in the last year, and PYMNTS Intelligence’s latest study of 300 eCommerce executives, “Fraud Management in Online Transactions,” a collaboration with Nuvei, details merchants’ thoughts about fraud prevention, finding that outsourced methods correlate with fewer failed payments.