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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. Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We 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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Bitcoin Daily: Crypto Phone Coming Soon, South Korean Lawmakers Draft Crypto Rules

PYMNTS

In other news , Pundi X Labs is encouraging people to pay with crypto at four restaurants in Hong Kong by preloading X PASS cards with BTC (Pundi X’s NPXS token and ADI). Those who are attending a tech conference in Hong Kong will receive the cards at no charge. million home in Delaware was purchased with bitcoin, Bitconist reported.

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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

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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.

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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. Use cases for the digital ID wallet could include accessing age-restricted places like bars, signing into services like online tax filing or verifying identities at polling stations. Department of Commerce.

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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.