Fraud news and trends

Millions of Apple Apps Exposed to Potential Security Threat
Security & Fraud // July 03, 2024

Millions of Apple’s smartphone and computer/laptop apps were reportedly exposed to a security breach. The breach could be used for potential supply chain attacks, ArsTechnica reported Wednesday (July 3), citing research from EVA Information Security. The exploit was uncovered in CocoaPods, an open-source repository used...

CDK Says It’s Recovering From Hack Faster Than Expected
Fraud Attack // July 02, 2024

CDK Global has “substantially all” of its car dealership customers back online with their management systems, about two weeks after the company’s systems were taken down by hackers. The company had said Monday (July 1) that some of its systems could be down as late...

Pa. Health System Geisinger’s 1 Million-Patient Data Breach Leads to Lawsuit
Security & Fraud // July 02, 2024

A patient affected by a “data security incident” involving Pennsylvania-based health system Geisinger has filed a class-action lawsuit against the company. Geisinger’s IT vendor, Microsoft-owned Nuance, determined that a former employee may have accessed the personal information of 1 million Geisinger patients, according to a...

BIS: Central Banks See Opportunities and Challenges From AI
Artificial Intelligence // July 02, 2024

Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a top official at the Bank for International Settlements. In a Sunday (June 30) speech at the BIS annual meeting, Hyun...

Interviews & Exclusives
BIS: Central Banks See Opportunities and Challenges From AI

July 02, 2024
Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a top official at the Bank for International Settlements. In a Sunday (June 30) speech at the BIS annual meeting, Hyun Song Shin, economic adviser and head of research, explained how […]

3-D Secure Makes Payments Better for Merchants, Shoppers, Worse for Fraudsters

July 02, 2024
Success in today’s hyper-connected digital landscape boils down to two things: security and convenience. And the success of digital payments and eCommerce in the 21st century also rests on those...

How Supplier-Friendly Card Solutions Improve Business Cash Flow

July 02, 2024
Innovation is coming to the B2B space, providing businesses with streamlined and efficient payment solutions. Increasingly, these innovative B2B payment solutions are having a positive impact across both sides of...

Physical Cards Hold the Keys to a Passwordless Future

July 02, 2024
It’s a problem that has dogged chief information and security officers at companies big and small: You have to fight fraud at all costs, and just as importantly, you need...

Quick Reads
Hawk Platform Spots Risk by Identifying Links Between Data Points

July 03, 2024
Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. The company’s new Entity Risk Detection module brings together entity resolution and network analysis with real-time risk identification, according to a Wednesday (July 3) press release. By consolidating datasets and merging customer profiles, the platform […]

Millions of Apple Apps Exposed to Potential Security Threat

July 03, 2024
Millions of Apple’s smartphone and computer/laptop apps were reportedly exposed to a security breach. The breach could be used for potential supply chain attacks, ArsTechnica reported Wednesday (July 3), citing...

CDK Says It’s Recovering From Hack Faster Than Expected

July 02, 2024
CDK Global has “substantially all” of its car dealership customers back online with their management systems, about two weeks after the company’s systems were taken down by hackers. The company...

Pa. Health System Geisinger’s 1 Million-Patient Data Breach Leads to Lawsuit

July 02, 2024
A patient affected by a “data security incident” involving Pennsylvania-based health system Geisinger has filed a class-action lawsuit against the company. Geisinger’s IT vendor, Microsoft-owned Nuance, determined that a former...