PYMNTS

AUGUST 19, 2019

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. We are seeing gangs involved in drug trafficking and firearms offenses turning to fraud, targeting victims across the U.K. Corporate Wire Fraud.

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PYMNTS

DECEMBER 16, 2019

’Tis the season for corporate fraud? the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud.

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PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

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PYMNTS

AUGUST 23, 2018

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

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PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

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PYMNTS

NOVEMBER 26, 2019

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. On Monday (Nov.

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PYMNTS

SEPTEMBER 10, 2019

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. There’s no question the world is moving in a digital direction.

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