April 22, 2016
FCC Digs Deep In Spying Tech Used In ’60 Minutes’...
The U.S. Federal Communications Commission announced its plans to study the technology behind the mobile hack that allows cybercriminals to gain unauthorized access to a device just by knowing a...
April 22, 2016
Big Banks Steal The B2B VC Show
The venture capital world lit up last week with reports that B2B tech startups are now seeing increased funding, raising money at a faster pace than B2C startups. Data from...
April 22, 2016
Bank Malware Hackers To Spend 24 Years In Jail
Two hackers were sentenced to a combined 24 years in U.S. prison for stealing hundreds of millions of dollars from financial institutions across the globe using the malware SpyEye. The...
April 21, 2016
Following The Money Down A Cybertheft Rabbit Hole
The landscape of cyberfraud – specifically payment card intrusions – is littered with piecemeal attacks, scattershot lone actors and small groups. In a recent joint report released Wednesday (April 20)...
April 21, 2016
Forter Raises $32M To Grow Fraud Prevention Footprint
Forter, the fraud prevention company known for its automated, real-time Decision-as-a-Service solution for online merchants, announced today (April 21) that it’s closed a $32 million Series C funding round led by Scale...
April 21, 2016
Card Fraud Spike Alters Grocery Store Gift Card Policy
A Washington, D.C.-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to a significant increase in credit...
April 20, 2016
Google Defends Android’s Security
When thinking of Android devices, “secure” may not be the first word that comes to mind for consumers. From malware threats to security flaws, the operating system and even its...
April 19, 2016
The Latest Cybersecurity Risk? Phone Numbers
A simple phone number may be all it takes for cybercriminals to gain access to a host of additional private and sensitive information found on a mobile device. The hack,...
April 18, 2016
Cisco’s Venture To Replace Corporate Travel
Travel and expense management firm BCD Travel is making a move that might seem counterintuitive: The company, along with its consulting practice, Advito, just struck a deal with Cisco to...
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.