article thumbnail

NYC Summit To Tackle Lack Of Influencer Regulation

PYMNTS

The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept. 17) will discuss the fraud problem stemming from influencer marketing. Like with all new innovations, there are going to be some hitches to it,” Cavazos said. Sylo is sponsoring the event. It’s a very fine, delicate balancing act.”.

article thumbnail

Facebook Is Looking To Buy A Cybersecurity Company

PYMNTS

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. Earlier this month CNBC reported New York City Comptroller Scott Stringer said Facebook’s board needs to make a real commitment to addressing the risks. “We

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deep Dive: How Reshipping Scams Deliver For Fraudsters

PYMNTS

This type of fraud covers for cybercriminals by tricking unsuspecting consumers into believing that they have landed lucrative work opportunities when they are actually participating in criminal enterprises. The following Deep Dive unpacks how reshipping fraud works, and how both merchants and consumers can stay vigilant against it.

Fraud 134
article thumbnail

iPhone Scam Reveals How Digital Criminals Find Vulnerabilities

PYMNTS

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. The idea is either to siphon funds from the accounts of the deceased or to build new IDs around their personal details in order to build credit and make a bigger haul down the road.

article thumbnail

Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

The Bank of America at 52nd Street and Park Avenue in New York City, in one case, ran out of $100 bills for a time due to large withdrawal attempts. It takes effort to balance seamless-but-fraud-free user experiences. Can The New England Patriots Brand Survive Losing Tom Brady?

article thumbnail

Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

Titled “Why the Future of Merchant Payments Requires a Digital-First Approach,” the webinar generally revolved around questions related to the development and ongoing rise of omnichannel commerce — already a major topic in the payments and commerce world in these first weeks of the new year. Trust Issues.

Retail 137
article thumbnail

Artificial Intelligence: Find it Right in Your Own Backyard

FICO

It seems like you can’t spend more than a minute or two reviewing online articles or social media without stumbling on something about artificial intelligence (AI) or machine learning. But while AI is heralded as amazing new technology, it is in fact an amazing 30+-year-old, proven technology. Fighting fraud.