Cybersecurity/page/5 news and trends

Report: Chinese Hacking Group Silk Typhoon Behind Treasury Department Breach
Cybersecurity // January 10, 2025

Chinese hacking group Silk Typhoon is reportedly believed to have been behind the December hack of the U.S. Treasury Department. Silk Typhoon is believed to have stolen a digital key from a third-party service provider and used it to access unclassified information, Bloomberg reported Wednesday (Jan. 8), citing...

Preparing for a Quantum and Crypto-Ready Financial Landscape
Blockchain // January 10, 2025

As blockchain technology matures and quantum computing pokes its head around the corner, observers believe the intersection of these two forces could hold the potential to redefine not only payment capabilities but also how corporate treasuries manage risk, model finances, forecast liquidity and guard against...

Smart Devices Get Standards and Manufacturers Can Thank Big Tech
Connected Economy // January 09, 2025

Digital transformation is a double-edged sword. From cloud computing and Internet of Things (IoT) to artificial intelligence-driven analytics and real-time payment systems, the connectivity ushered in by technological advances has unlocked opportunities for innovation and growth. The more connected the economy becomes, however, the more...

AT&T to Offer Bill Credits After Widespread Outages
Cybersecurity // January 08, 2025

AT&T will begin offering customers bill credits for network outages. The new program, announced Wednesday (Jan. 8) in a press release and set to go live Thursday (Jan. 9), comes after a year in which the telecom sector and its customers suffered a wave of...

Interviews & Exclusives
Smart Devices Get Standards and Manufacturers Can Thank Big Tech

January 09, 2025
Digital transformation is a double-edged sword. From cloud computing and Internet of Things (IoT) to artificial intelligence-driven analytics and real-time payment systems, the connectivity ushered in by technological advances has unlocked opportunities for innovation and growth. The more connected the economy becomes, however, the more vulnerabilities there are for fraudsters to exploit. This makes cybersecurity […]

Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules

January 06, 2025
The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is...

55% of Companies Have Implemented AI-Powered Cybersecurity

January 02, 2025
The share of chief operating officers (COOs) who report that their companies have implemented artificial intelligence (AI)-powered automated cybersecurity management systems has increased threefold since earlier this year. The increase...

PYMNTS 2024: Insights From Innovators, Retailers and Industry Trailblazers

December 26, 2024
PYMNTS conducts thousands of interviews a year, some with the usual suspects of banks, card networks and FinTechs that define the financial services space, and some that get a bit...

Quick Reads
Report: Chinese Hacking Group Silk Typhoon Behind Treasury Department Breach

January 10, 2025
Chinese hacking group Silk Typhoon is reportedly believed to have been behind the December hack of the U.S. Treasury Department. Silk Typhoon is believed to have stolen a digital key from a third-party service provider and used it to access unclassified information, Bloomberg reported Wednesday (Jan. 8), citing unnamed sources. During the incident, the hackers accessed documents stored […]

AT&T to Offer Bill Credits After Widespread Outages

January 08, 2025
AT&T will begin offering customers bill credits for network outages. The new program, announced Wednesday (Jan. 8) in a press release and set to go live Thursday (Jan. 9), comes...

‘Cyber Trust Mark’ Program for Smart Devices Set to Go Live

January 07, 2025
The United States government is launching its cybersecurity labeling program for consumer internet-connected devices. The Cyber Trust Mark, first announced in 2023, will be “open for business” this year, the...

CrowdStrike Claws Back $30 Billion Lost to Mass Tech Outage

January 05, 2025
CrowdStrike’s CEO says the company has turned last year’s crisis into an opportunity. A botched update by the cybersecurity company last summer caused a worldwide outage of Windows computers and...