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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We Fraud that was in turn prevented by the unit amounted to as much as $8.2

Fraud 180
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Blockchain Tracker: Banks’ Experimentation With Blockchain Tech

PYMNTS

Making purchases online has effectively taken a global economy and made it more localized due to the ability to click a few buttons and have practically anything delivered from anywhere in the world. It can be argued that one of the biggest threats to online transactions can be data breaches where money is either stolen or lost altogether.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers. Ride sharing.