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

Cyber Insurance Premiums Fall Despite Ransomware Wave
Cyber Insurance Premiums Fall Despite Ransomware Wave
July 01, 2024  |  Cybersecurity

Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses...

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Microsoft Reveals AI Security Flaw That Threatens eCommerce and Financial Services
Microsoft Reveals AI Security Flaw That Threatens eCommerce and Financial Services
June 28, 2024  |  artificial intelligence

A newly discovered security vulnerability in artificial intelligence (AI) systems could pose significant risks to eCommerce platforms, financial services and customer support operations across industries....

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New Episode: GenAI Helps Small Business Play Big on a Global Stage
New Episode: GenAI Helps Small Business Play Big on a Global Stage
June 28, 2024  |  Artificial Intelligence

What’s the most precious resource for a small business? Arguably, there are three: capital, customers and time. Artificial intelligence is emerging as a technology that...

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Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
June 27, 2024  |  Cybersecurity

It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Following a “cease and desist” order issued to the bank...

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Data: Consumers Are Using Digital Wallets for More Than Payments — Here’s How
Data: Consumers Are Using Digital Wallets for More Than Payments — Here’s How
June 27, 2024  |  Mobile Wallets

Consumers’ use of digital wallets is evolving beyond just making purchases, and younger generations are showing the way forward. The PYMNTS Intelligence report “Digital Wallets...

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BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
June 26, 2024  |  artificial intelligence

The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said...

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Will US Dealerships Shake Off CDK Attack By Independence Day?
Will US Dealerships Shake Off CDK Attack By Independence Day?
June 26, 2024  |  Security & Fraud

It is almost July Fourth, and summer holiday travel is about to enter its peak season. But despite the sunshine and blue skies, Americans planning...

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FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
June 26, 2024  |  Cybersecurity

In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is...

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Australian Bank Spots Scams via How Users Hold Their Phones
Australian Bank Spots Scams via How Users Hold Their Phones
June 26, 2024  |  Security & Fraud

Can the angle at which you hold your phone help your bank protect against scams? National Australia Bank seems to think so. Speaking during the...

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