The Federal Trade Commission (FTC) has finalized an order requiring Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive information security program. This final order settles the FTC’s charges announced in October that the companies deceived customers by claiming to have reasonable data...
The year 2024 has been nothing short of transformative for CFOs and treasurers, reshaping their roles into a blend of strategy, technology and operational precision. Here at PYMNTS, we talk to a lot of CFOs across industries. What we heard throughout the year was centered...
This week in AI, security researchers stole artificial intelligence models with near-perfect accuracy by capturing electromagnetic signals, as MIT unveiled a robot system that can handle odd-shaped warehouse packages with 80% success. Meanwhile, three nations launched AI regulations, and Google released its more autonomous Gemini...
Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report released Thursday (Dec. 19). A comprehensive cross-referencing of phone, email, address and other identity elements...
December 19, 2024
The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it is increasingly tested by a web of risks, including fraud and security vulnerabilities, compliance demands, counterparty reliability, payment failures and more. “These threats aren’t just financial; they strike at the […]
December 19, 2024
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of,...
December 06, 2024
Technology begets opportunity, for both successful companies and fraudsters. And today’s rising tide of cybercrime has unveiled a new frontier of fraud, one where malicious entities and cybercriminals are focused...
November 27, 2024
As financial services become more interconnected and technology-driven, the role and impact of the chief risk officer (CRO) is evolving dramatically. “The speed of change is what stands out the...
December 20, 2024
Mastercard has finalized its previously announced acquisition of threat intelligence company Recorded Future. The acquisition will add threat intelligence and artificial intelligence (AI)-powered, actionable analytics to Mastercard’s cybersecurity capabilities, Mastercard said in a Friday (Dec. 20) press release. It will also provide the company with opportunities to serve different customer sets and enhance the effectiveness of […]
December 20, 2024
The Federal Trade Commission (FTC) has finalized an order requiring Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive information security program. This final order settles the FTC’s...
December 19, 2024
Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report...
December 17, 2024
Visa’s artificial intelligence (AI) and machine learning capabilities enabled it to block 85% more suspected fraud globally on Cyber Monday compared to a year earlier. It did so at a...
