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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Fifth Third to Offer Commercial Card and Financial Technology Powered by Brex
9+ mon, 5+ day ago (379+ words) “The future of business demands financial platforms that do more than process payments — they must power...“Our partnership with Brex is a commitment to redefine how companies leverage financial technology.”...customers to make fast, secure global payments in virtually any…...
DoorDash Says Social Engineering Scam Led to Data Breach
9+ mon, 3+ week ago (410+ words) DoorDash said that a social engineering scam led to a data breach that exposed the personal information...The report found that 87% of mid-market firms were at least somewhat concerned about social engineering...Another PYMNTS Intelligence report, “The State of Fraud…...
Apollo Global Management Hit by Social Engineering Attack and Data Breach
3+ week, 2+ day ago (331+ words) Apollo Global Management disclosed Friday (Aug. 21) that it suffered a social engineering attack that...“Similar to other financial services firms, Apollo recently experienced a social engineering incident...organization, said in June that data theft extortion groups are targeting professional, legal…...
Apple Users Face Threat From Social Engineering Malware
5+ mon, 1+ week ago (437+ words) This attack, known as Infinit Stealer, uses social engineering tactics and is difficult to detect once...citing information from cybersecurity company Malwarebytes, says the attacks begin with a social engineering...Financial workflows such as invoice approvals, wire transfers and vendor…...
Betterment Says Social Engineering Attack Enabled Data Breach and Unauthorized Messages
8+ mon, 1+ day ago (429+ words) Investing and savings app Betterment said Monday (Jan. 12) that a social engineering attack led to its...In its Monday update sharing that the incident was enabled by a social engineering attack, Betterment...it is “reviewing and strengthening our controls and…...
Banks Can Future-Proof Against AI Fraud by Engineering for Change
11+ mon, 4+ day ago (936+ words) Particularly for banks and financial institutions, resilience is an operating principle....“One of the most important things for financial institutions and banks is first building flexible authentication...“AirKey is a technology that turns credit cards or debit cards into hardware…...
Hackers Use AI to Supercharge Social Engineering Attacks
10+ mon, 2+ week ago (423+ words) Social engineering succeeds when attackers exploit human trust, and AI is making that exploitation faster...“Vishing attacks use social engineering techniques to impersonate legitimate callers, such as bank representatives...
Social Engineering Scam Breaches Levi Strauss Company Files
1+ mon, 6+ day ago (300+ words) cybersecurity incident in which an unauthorized third party gained access to Company files through social engineering...Verizon said in May that social engineering played a role in 16% of the 22,000 confirmed data breaches...Social Engineering Scam Breaches Levi Strauss Company Files…...
Supply Chain Cyberattack Puts Big Tech’s Engineering Secrets at Risk
7+ mon, 3+ week ago (741+ words) A ransomware group is claiming to have accessed 3D CAD models, circuit board designs and engineering...Unlike customer records or employee credentials, engineering documents carry a different kind of risk...
FSB Warns Frontier AI Could Threaten Global Financial Stability
2+ week, 2+ hour ago (623+ words) The head of the Financial Stability Board is urging global regulators to make the safe release of advanced...The FSB coordinates the work of financial regulators from the world’s largest economies....The letter effectively calls for financial regulators to push…...