By Jeff Domansky As PayPal’s CFO saw Tuesday, some earnings calls provoke unexpected consequences. In an effort at transparency, and because it is material, CFO John Rainey revealed inflation and supply chain challenges impacted consumer spending, and PayPal would likely not reach its ambitious goal ...
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Cybersecurity
Cybersecurity
By Rodger Desai, Prove Co-Founder & CEO As we evolve into a more phone-centric and mobile-first world, digital identification is becoming a powerful tool to enable safer and more secure transactions and digital interactions. In tandem, the digital payments industry is rapidly expanding alongside us ...
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By Jeff Domansky The same day US DOJ officials held a news conference high-fiving their success in charging two international ransomware hackers, online discount stockbroker Robinhood revealed intruders breached data of millions of customers. Bloomberg reported personal data of one-third of Robinhood’s customers, about seven ...
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By Jeff Domansky The US Department of Justice (DOJ) released criminal indictments against several global ransomware attackers in addition to the recovery of millions of dollars in proceeds of the cybercrime. Yaroslav Vasinskyi, 22, a Ukrainian national, was charged with conducting ransomware attacks against multiple ...
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By Jeff Domansky The biggest question in many retailers’ minds is whether fraud will take a front seat during the critical 2021 holiday shopping season that kicks off on Black Friday. In its latest quarterly crime report, financial crime management platform Feedzai said the value ...
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By Martin Cheek, VP, SmartSearch Money laundering is a perennial problem for institutions around the world. Only last year, the US passed a much-needed update to the Banking Secrecy Act, beefing up anti-money laundering measures and making it more difficult for bad actors to operate ...
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by Jeff Domansky Despite the promise of AI and its potential as a security tool, we’ve fallen into a world of pain when it comes to cybersecurity. That’s especially true when using CAPTCHAs to defend online forms or website access. If you’re like the average ...
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By Jeff Domansky Ramped up demand for unemployment benefits during the pandemic. Fraud detection budget cuts during previous low unemployment. Federal and state governments failure to take widespread security improvements seriously. Sophisticated fraudsters in foreign countries filing applications in bulk. The scale of US unemployment ...
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By Jeff Domansky, June 8, 2021 The largest stolen password collection of all time, 8.4 billion passwords, was leaked on one of the world’s most popular hacker forums. The anonymous hacker named the password compilation ‘RockYou2021‘ after the notorious 2009 RockYou data breach when threat actors ...
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By Jeff Domansky, June 3, 2021 The world of cybersecurity is not on the radar of the average American. That is, until yesterday when news broke of a Russian ransomware attack infiltrating operations of one of the largest US beef producers, Brazilian-owned JBS. The attack ...
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