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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. 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. Kimberly Sponaugle, was charged by the U.S.

Fraud 180
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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

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.

Data 130
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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. market debut. There were 4.1

Fraud 196
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Who Should Lead The Digital ID Push?

PYMNTS

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.

Wyoming 136
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Inside Colorado’s New State-Run Digital Driver’s License App

PYMNTS

State-issued driver’s licenses and ID cards are the most common forms of personal identification in the U.S., Colorado works with third-party security partners to authenticate the myColorado app’s IDs, requiring scans of both the front and back of driver’s licenses. How myColorado Works. Keeping Residents’ Data Safe.

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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

Rather, the decline reflects the adoption of new technologies that use machine learning to mitigate fraud threats, he said. New technologies are making inroads, but they haven’t been adopted across the board, and where they haven’t, merchants are especially vulnerable. Specifically Delaware. That’s easier said than done.

Fraud 109
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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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