security and fraud

Embedded Authentication Could Accelerate Digital Payments
Embedded Authentication Could Accelerate Digital Payments
May 31, 2024  |  Authentication

As we move fast and furiously into a digitally connected economy, payments modernization is essential. After all, how businesses and consumers pay, and get paid,...

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Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
March 13, 2024  |  Security & Fraud

Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting...

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Nearly 60% of Firms Say Failed Payments Are Expensive to Track and Resolve
Nearly 60% of Firms Say Failed Payments Are Expensive to Track and Resolve
February 23, 2024  |  Digital Payments

False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning.  According to findings...

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FTC Raises Red Flags Over QR Codes and Fraud
FTC Raises Red Flags Over QR Codes and Fraud
December 07, 2023  |  Security & Fraud

Consumers who scan a QR code for what they think is a legitimate purpose could actually be giving their personal information to scammers. The Federal Trade...

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3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation to Prevent Data Breaches
3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation to Prevent Data Breaches
November 20, 2023  |  Security & Fraud

False declines are a significant yet often overlooked issue that impacts both businesses and consumers. Picture this: You attempt to make a purchase, only to...

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‘Rare’ Android Malware Uses OCR to Steal User Info
‘Rare’ Android Malware Uses OCR to Steal User Info
July 30, 2023  |  Security & Fraud

Security researchers have reportedly discovered malware that steals user data via optical character recognition. This malware, known as CherryBlos and uncovered by security firm Trend Micro,...

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Open Banking Can Help Banks Beat Fraudsters, GIACT Says
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
July 19, 2023  |  Digital Identity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise...

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Former Chief Growth Officer of Frank Indicted for Fraud
Former Chief Growth Officer of Frank Indicted for Fraud
July 12, 2023  |  Security & Fraud

Federal prosecutors have filed charges against a second former executive of college financial-planning startup Frank. They have indicted Olivier Amar, former chief growth officer of...

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SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
July 11, 2023  |  Security & Fraud

The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges,...

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