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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise.

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Taking A Customer-Centric Approach To Fighting Fraud

PYMNTS

The bank robbers who decades ago would have pulled off in-person heists have in many cases instead become cybercriminals who hack into mobile accounts, purchase stolen credit card information on the dark web and impersonate customers online or over the phone. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

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PSCU And Welcome Technologies Team Up On Credit Card Aimed At Immigrants

PYMNTS

Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.

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End-Of-Summer Edition: Retro Malware, Bitcoin’s Surge ‘N’ Split And Apple Watch Sees Other People

PYMNTS

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. Today, between 12:05 p.m. EST/9:05 a.m. PST in Oregon and 2:48 p.m.

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Uber’s Rough Ride Of A Week

PYMNTS

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. drivers’ license numbers.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Payments technology. Blockchain technology . Healthcare & insurance technology. Bridge Financial Technology. Tags: SMB, payments, mobile, merchants, acquiring, credit/debit cards, mobile, POS. Total raised: $41 million. HQ: Bangalore, India. Source: Crunchbase. Wincor Nixdorf ( AEVI subsidiary ). HQ: Germany.

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The Great Twitter Hack And Power Of Social Engineering

PYMNTS

The attack has also drawn the eye of legislators, specifically Senator Josh Hawley of Missouri, who as of Wednesday (July 15) had written Twitter CEO Jack Dorsey looking for a fuller explanation of how cybercriminals has managed to get through Twitter’s two-factor authentication. And the forms these frauds appear in is varied.

Missouri 160