PYMNTS-MonitorEdge-May-2024

Security

Computer security, also known as cybersecurity or IT security, refers to the security of computing devices such as computers and smartphones, as well as computer networks such as private and public networks, and the Internet.

Source: en.wikipedia.org

Mastercard Acquires Recorded Future to Bolster Cyber Protections
Mastercard Acquires Recorded Future to Bolster Cyber Protections
September 12, 2024  |  Acquisitions

Mastercard is spending $2.65 billion to acquire threat intelligence company Recorded Future. The deal, announced Thursday (Sept. 12), “bolsters the insights and intelligence used to secure today’s digital economy...

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Aligning Payments and Data Operations With Compliance and Cyber Risks
Aligning Payments and Data Operations With Compliance and Cyber Risks
September 12, 2024  |  Cybersecurity

As businesses move online and data becomes a critical asset, organizations must navigate a minefield of potential threats. And with the news Thursday (Sept. 12)...

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FinCEN Says Check Fraud Approached $700 Million Over 6 Months
FinCEN Says Check Fraud Approached $700 Million Over 6 Months
September 11, 2024  |  Security & Fraud

Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the...

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This Week in Web3: Crypto Scams and Payments Surge
This Week in Web3: Crypto Scams and Payments Surge
September 11, 2024  |  Cryptocurrency

Cryptocurrencies were created to address supposed pain points across the financial system. By decentralizing transaction verification and record-keeping through a distributed ledger, blockchain-based digital assets...

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Finexio and Unimarket Launch Payment Risk Assessment and Management Tool
Finexio and Unimarket Launch Payment Risk Assessment and Management Tool
September 11, 2024  |  Security & Fraud

Finexio and Unimarket have partnered to launch a payment risk assessment and management tool. The new Payment Risk Score (PRS) is designed to tackle payment...

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Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
September 11, 2024  |  Security & Fraud

If you’re tracking year-to-date news stories, Banking-as-a-Service (BaaS) has been in the hot seat. The situation surrounding the Synapse bankruptcy and the limited ripple effect...

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Cross-Border Payments Cost Could Be Cut by Blockchain, If It Can Only Solve the Scale Problem
Cross-Border Payments Cost Could Be Cut by Blockchain, If It Can Only Solve the Scale...
September 11, 2024  |  Blockchain

Cross-border payments suffer from inefficiencies such as high fees, slow settlement times and poor transparency, making international transactions costly and cumbersome. Blockchain technology offers transformative...

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Cooking the Books: Preventing Insider Fraud With Back-Office Automation
Cooking the Books: Preventing Insider Fraud With Back-Office Automation
September 09, 2024  |  Fraud Prevention

2024 was the year cybersecurity evolved from an IT function to an organization-wide risk issue. But while external cyberattacks dominate headlines, insider fraud — the...

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Commerce Department Proposes Mandatory Reporting Requirements for AI Firms
Commerce Department Proposes Mandatory Reporting Requirements for AI Firms
September 09, 2024  |  artificial intelligence

The Commerce Department’s Bureau of Industry and Security (BIS) aims to require the world’s leading artificial intelligence (AI) developers and cloud providers to provide detailed...

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