The National Security Agency (NSA) is sounding the alarm on the cybersecurity risks posed by artificial intelligence (AI) systems, releasing new guidance to help businesses protect their AI from hackers. As AI increasingly integrates into business operations, experts warn that these systems are particularly vulnerable...
It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters, they must find and employ fraud prevention tools that do not disrupt consumer transactions. When compiling “Fraud Management in Online...
In today’s digital age, making daily life easier and more productive is the order of the day. That desire for convenience has seen consumers around the world increasingly relying on apps and connected devices for their everyday activities. In Europe, for example, the demand for...
Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, noted in an interview that banks’ customers (consumers and enterprises) are prime targets for fraud — well beyond the points of making transactions and sending money. In fact, the vulnerabilities are in...
April 17, 2024
It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters, they must find and employ fraud prevention tools that do not disrupt consumer transactions. When compiling “Fraud Management in Online Transactions,” a collaboration with Nuvei, PYMNTS Intelligence found that 82% of […]
September 12, 2023
Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, noted in an interview that banks’ customers (consumers and enterprises) are prime targets for fraud — well...
September 14, 2020
Universities are still adjusting to the COVID-19 pandemic’s wide-ranging effects on educational systems across the United States. Remote learning has become a much larger part of student life since the...
August 11, 2020
Consumers are flocking to digital channels during the current COVID-19 pandemic, an ever expanding volume that is challenging merchants to keep up. These customers want to be able to complete...
May 23, 2024
Financial services industry initiatives helped drive down fraud losses in the United Kingdom in 2023. Criminals stole about 1.2 billion pounds (about $1.5 billion) through fraud that year — a figure that was down 4% from 2022 — UK Finance, a trade association for the banking and finance industry, said in a Wednesday (May 22) press release. […]
October 16, 2022
Twenty-year-old crypto hacker Ellis Pinsky will have to pay $22 million to the victim of his scheme, crypto investor Michael Terpin, Coindesk wrote. Pinsky had been dubbed “Baby Al Capone”...
October 13, 2022
Identity authentication services company Prove Identity has begun offering its services in Brazil, with its first customer in the region being OZ Corretora de Câmbio, which works with foreign exchange...
November 03, 2021
Google announced that it’s going to be implementing two-factor authentication (2FA) for large swathes of users, according to a Wednesday (Nov. 3) report by Ars Technica. The process has already...
