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To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within sec...

https://www.pymnts.com/news/security-and-risk/2024/spike-in-identity-fraud-forces-banks-to-embrace-innovation/

Each year, money launders funnel $2 trillion in ill-gotten gains into the financial system. And a lot of that money travels by air, in cash, often in people’s suitcases, The Wall Street Journal...

https://www.pymnts.com/news/security-and-risk/2024/air-travelers-2trillion-money-laundering/

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the scams have had on consumers. On Thursday ...

https://www.pymnts.com/news/security-and-risk/2024/senators-press-banks-for-better-defenses-against-wire-fraud/

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of...

https://www.pymnts.com/news/security-and-risk/2024/german-agency-criticizes-eys-audits-of-wirecard/

Change Healthcare’s troubles are apparently not over. The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing fo...

https://www.pymnts.com/news/security-and-risk/2024/unitedhealth-reports-processing-issues-at-change-healthcare/

Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leve...

https://www.pymnts.com/news/security-and-risk/2024/cognizant-and-fico-to-launch-real-time-payments-fraud-prevention-solution/

It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters...

https://www.pymnts.com/news/security-and-risk/2024/43percent-of-ecommerce-execs-say-two-factor-authentication-can-mitigate-fraud/

Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department ...

https://www.pymnts.com/news/security-and-risk/2024/fincen-warns-banks-to-watch-for-passport-card-fraud/

In today’s digitized operating environment, a business is only as good as its cyber defenses. And with Change Healthcare reportedly facing a new ransomware attack following an earlier massive ...

https://www.pymnts.com/news/security-and-risk/2024/businesses-increasingly-susceptible-to-data-breaches-through-third-party-vendors/

Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks. In less than 400 of these cases, hackers logged in and made unauthorized purch...

https://www.pymnts.com/news/security-and-risk/2024/roku-reports-591000-accounts-impacted-credential-stuffing-attacks/