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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Attorney’s Office, District of Delaware with one count of wire fraud.

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PayPal Teams With ebizmarts To Integrate With Magento

PYMNTS

According to news from Mobile Payments Today , under the partnership, PayPal’s mobile card product will be combined with ebizmart’s mobile app Magento. PayPal said when combined, the technology can help retailers synchronize online inventory with products in stores.

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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

PYMNTS

ATO and other fraud methods that rely on using stolen credit card numbers or other personal information are becoming decidedly popular with bad actors, who are employing increasingly sophisticated technologies to execute their scams. There were 4.1

Fraud 196
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Who Should Lead The Digital ID Push?

PYMNTS

The app stores digital versions of documents like drivers’ licenses, health cards and other forms of identity. Countries like Australia, Malaysia, Thailand and the United Kingdom are just a few that are exploring the benefits for accessing governmental and financial services and also for serving as virtual ID cards.

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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

I would not want to be a merchant responsible for managing fraud today,” Spear told Karen Webster in a live online discussion on the topic held last week with an audience of online retailers. “It Rather, the decline reflects the adoption of new technologies that use machine learning to mitigate fraud threats, he said. Specifically red.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

Goldman Sachs entered and dominated personal digital lending, runs a neobank and roboadvisor, bought a large digital wealth footprint in United Capital, launched a credit card in partnership with Apple, and is now looking into cryptocurrency stablecoins ?—?something The second thing is that an addiction to frontier technology?—?crypto

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

When it comes to blockchain technology, there’s a lot of hype. Ziddu focuses on blockchain-backed solutions that offer microfinance lending against collateralized commodities in the form of Ziddu Coins — in other words, blockchain-based technology that could hypothetically make it easier for LongFin to collect collateral from borrowers.