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Report: Purported COVID-19 Vaccines Hit Dark Web

PYMNTS

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Report 274
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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

PYMNTS

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. Why Pandemic-Driven Online Payment Spikes Are Pushing Middle Eastern Regulators To Confront Privacy Questions.

Online 151
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India’s COVID-19 Restrictions Hinder Amazon, Flipkart Delivery

PYMNTS

Only a few days into a lockdown to combat the COVID-19 crisis, online shopping firms such as Flipkart and Amazon are encountering disruption in India. District- and state-level limitations are hampering operations, Reuters reported, citing unnamed sources. The firm has noted that local restrictions prevent it from sending the items.

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Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

Fraud 195
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Lazada Temporarily Halts Grocery Purchases In Singapore

PYMNTS

The city-state has stayed away from mandating a full lockdown on everyday life and commerce, instead opting to enact stricter rules and guidelines to limit activity and stem the spread. Tan continued, “Players that manage shorter supply chains may be more equipped to handle the stress.”.

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Deep Dive: How 2020’s Fraud Trends Will Shape Security Measures Going Forward

PYMNTS

Social distancing guidelines, stay-at-home orders and mandated dining room closures around the U.S. This revenue free fall could result in 100,000 restaurants nationwide closing either temporarily or permanently, with 40 percent of all restaurant operators unsure whether they can survive six months into the future.

Fraud 229
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Q3 Ad-Buying Rebound Bodes Well For Holiday Sales

PYMNTS

The latest earnings reports from Big Tech giants and social media platforms show that advertising spend is through the roof at present, after basically falling off the roof earlier this year. Per New York Times reporting , the social media titan’s core users are up 12 percent from a year earlier, with more than 1.82