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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

This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. 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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Uber’s Rough Ride Of A Week

PYMNTS

The day before, the news broke that cybercriminals had managed to steal the data of 57 million customers and drivers. All in, hackers managed to nab names, email addresses and phone numbers of 50 million Uber riders around the world, as well as the data of about 7 million drivers, which includes 600,000 U.S.

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The Great Twitter Hack And Power Of Social Engineering

PYMNTS

Twitter caught the hackers and temporarily disabled all verified accounts to stop the message from being circulated — but before Twitter managed to pull the plug press reports indicated that scammers made off with more than $117,000 sent to two accounts via some 401 transactions, according to tracking website blockchain.com. And as U.S.

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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. Online payments & cash management for small businesses. Bridge Financial Technology. Tags: Advisors, B2B2C, investing, trading, wealth management. Total raised: $41 million. HQ: Bangalore, India. Source: Crunchbase.

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