The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” The FTC received 20,000 consumer reports about task scams in the first half of 2024 — a figure that was up from 5,000 in...
Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. Adding this new layer of insight into digital behavioral signals for both new and returning users will help combat artificial intelligence (AI)-enabled fraud, the companies said in a Tuesday (Aug. 13) press release. “Together...
The hackers who struck car dealership software-as-a-service (SaaS) platform CDK Global on June 18 and 19 are reportedly affiliated with a Russia-based group called BlackSuit. This cybercriminal group has been tied to 96 extortion efforts since May 2023 and has likely committed dozens more, Bloomberg reported Friday (June 28)....
The thing about far-away technological innovations is that they get closer to reality each day. And with the news Tuesday (May 21) that Zoom is making post-quantum end-to-end encryption (E2EE) globally available across its Zoom Workplace platform, specifically Zoom Meetings with Zoom Phone and Zoom Rooms coming soon,...
May 09, 2024
The internet has been both a blessing and a curse to society and commerce alike. And with the news Wednesday (May 8) that a criminal network of over 75,000 fake eCommerce shops has scammed over 800,000 shoppers in the U.S. and Europe, embracing digital innovation while at the same time ensuring payments security is top of […]
May 01, 2024
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce. And in an era where technology has become increasingly sophisticated, so too have the...
April 23, 2024
As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal....
April 23, 2024
More than 40% of financial institutions (FIs) report seeing increasing volumes of fraud and financial crimes, according to PYMNTS Intelligence data. Faced with this onslaught of illicit activities, it’s little...
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 time when suspected fraudulent transactions at physical and digital stores rose by 200%, due in part to fraudsters’ use of AI, the payments technology company […]
December 12, 2024
The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” The FTC received 20,000 consumer reports about task scams...
August 13, 2024
Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. Adding this new layer of insight into digital behavioral signals for both new and returning users will help combat...
June 28, 2024
The hackers who struck car dealership software-as-a-service (SaaS) platform CDK Global on June 18 and 19 are reportedly affiliated with a Russia-based group called BlackSuit. This cybercriminal group has been tied to...
