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

New UK Law Spotlights Weak Security Features in Smart Devices
New UK Law Spotlights Weak Security Features in Smart Devices
May 02, 2024  |  Cybersecurity

Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security...

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US Firms Are Main Targets for Cyberattacks, Intelligence Chief Tells Senate
US Firms Are Main Targets for Cyberattacks, Intelligence Chief Tells Senate
May 02, 2024  |  Cybersecurity

Director of National Intelligence Avril Haines told Congress Thursday (May 2) that there has been an alarming increase in cyberattacks worldwide. Haines highlighted the growing threat of...

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Data Revolution Adds Stability to Uncertain Financial Transactions
Data Revolution Adds Stability to Uncertain Financial Transactions
May 02, 2024  |  Opinion

In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card...

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Google Confirms It Will Join Global Experts at AI Safety Summit
Google Confirms It Will Join Global Experts at AI Safety Summit
May 01, 2024  |  Artificial Intelligence

As luminaries from academia, government and business prepare to gather in South Korea May 21-22 for the second AI Safety Summit, Google’s attendance is drawing...

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US Issues Stark Warning on AI Risks to Critical Infrastructure
US Issues Stark Warning on AI Risks to Critical Infrastructure
April 30, 2024  |  Artificial Intelligence

In a bid to safeguard the nation’s vital infrastructure, the federal government is now offering a playbook to help companies navigate the treacherous landscape of cybersecurity,...

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Advanced Tech and Data-Sharing Key Allies in Combating Sophisticated Fraud Scams
Advanced Tech and Data-Sharing Key Allies in Combating Sophisticated Fraud Scams
April 30, 2024  |  Security & Fraud

From safeguarding online purchases to strengthening eCommerce ecosystems, strong customer authentication (SCA) helps confirm remote electronic transactions, reshaping the digital commerce landscape. While its mandatory implementation in Europe...

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Why Securing Payments is a Big Deal for Small Businesses 
Why Securing Payments is a Big Deal for Small Businesses 
April 30, 2024  |  SMBs

There are nearly as many ways to pay and be paid as there are types of small businesses.  But there’s one common thread connecting both...

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With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer
With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer
April 29, 2024  |  Fraud Prevention

How much did payment fraud cost retailers last year? The answer, according to one analysis, is a cool $429 billion.    According to a recently released report from...

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UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
April 29, 2024  |  Security & Fraud

UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. The Senate hearing is titled “Hacking...

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