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

British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
July 12, 2024  |  Banking

British consumers have more complaints about the banking sector across the board than they did a year ago. Complaints about the sector reached their highest...

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Almost All of AT&T’s Wireless Customers Hacked as Snowflake Breach Snowballs
Almost All of AT&T’s Wireless Customers Hacked as Snowflake Breach Snowballs
July 12, 2024  |  Security & Fraud

The interconnected global operating landscape has never held more opportunity for businesses. Or more threats. Gaining a deeper understanding of the threat landscape and the...

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AT&T Says Call, Text Records of ‘Nearly All’ Customers Stolen
AT&T Says Call, Text Records of ‘Nearly All’ Customers Stolen
July 12, 2024  |  Security & Fraud

AT&T said Friday (July 12) that records of calls and texts of nearly all its wireless customers and others using its network were stolen in...

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Firms Look to Mitigate Consequences From Data Breaches
Firms Look to Mitigate Consequences From Data Breaches
July 11, 2024  |  Security & Fraud

The interconnected nature of financial systems can have cascading consequences when data is compromised. And with the recent news that the June cyber breach at...

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Markaaz CEO Says New Take on Data Helps Banks Close Small Business Identity Gap
Markaaz CEO Says New Take on Data Helps Banks Close Small Business Identity Gap
July 11, 2024  |  Authentication

How do you really know a business? The credit score can be misleading, especially for a small business that has weathered the pandemic. A profit...

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Sonar Launches Service Identifying Compromised Customer Data
Sonar Launches Service Identifying Compromised Customer Data
July 10, 2024  |  Security & Fraud

Fraud data sharing consortium Sonar has launched a new service that helps banks and FinTechs verify if their customer data has been compromised in a breach...

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OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud
OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud
July 10, 2024  |  Security & Fraud

Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting...

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Discover: Tokenization Removes Friction for Card-Not-Present Transactions
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
July 10, 2024  |  Payments Innovation

Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of...

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Industry Groups Push Back Against Federal Cyber Incident Reporting Requirements
Industry Groups Push Back Against Federal Cyber Incident Reporting Requirements
July 09, 2024  |  Cybersecurity

If digital transformation is at the forefront of innovation, then cybersecurity is at the forefront of digital transformation. As the world goes digital, security-critical sectors...

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