News
South Korea Defends Record $422 Million Coupang Fine as US Alleges Protectionism
8+ hour, 32+ min ago (502+ words) South Korea’s decision to fine American-owned eCommerce firm Coupang is straining relations between the two countries, Reuters reported Friday (July 20). South Korea said the fine was imposed over a data leak, but American lawmakers said the move raises questions about…...
Fake Employees Are Banks’ Newest Insider Threat
10+ hour, 5+ min ago (478+ words) PYMNTS.com Fake Employees Are Banks’ Newest Insider Threat The account is real. The credentials are real. The employee is not. Synthetic insiders use stolen identities, deepfake technology and remotely controlled devices to get hired, pass background checks and log…...
Hugging Face Latest Company Dealing With AI Cyberattacks
11+ hour, 19+ min ago (415+ words) Hugging Face, whose platform hosts AI datasets, has reportedly suffered an AI-powered data breach. As TechCrunch reported Monday (July 20), the company revealed the breach last week but said it was still determining if any customer or partner data had been…...
DOJ Seizes 1,000 Domains Illegally Streaming World Cup Finals
11+ hour ago (358+ words) The Justice Department has seized more than 1,000 domains illegally streaming World Cup matches. The seizures, announced Monday (July 20), took place in three different actions during the global soccer tournament, and were based on investigation by the U.S. Immigration and Customs Enforcement…...
Governments Weigh Ransomware Payment Bans as Hackers Grow Bolder
16+ hour, 28+ min ago (427+ words) Governments have reportedly begun banning ransomware payments to hackers as demand amounts continue to rise. That’s according to a report Monday (July 20) from the Financial Times (FT), which cites the example of the U.K.’s planned ban on ransomware payouts…...
Bank of America Promotes Execs to Champion AI and Crypto
1+ day, 6+ hour ago (468+ words) Bank of America has reportedly promoted new leaders to guide its artificial intelligence and crypto efforts. Sonali Theisen has been named the bank’s head of global digital-assets platform and Kevin Milsom head of platforms AI transformation, Bloomberg News reported Friday…...
From Member Trust to Top-of-Wallet Use
3+ day, 7+ hour ago (300+ words) Credit unions have earned strong member trust, but the next growth opportunity is turning that relationship into more frequent card use. Based on the July 2026 PYMNTS Intelligence and Velera report, this two-part interview examines what members now expect from their…...
T7X Adds a Major Building Block to Its Compliance-First Strategy: Nationwide Money Movement Access
3+ day, 17+ hour ago (187+ words) “We’re building capital markets infrastructure inside the rules, not around them. Registration and licensing like this is exactly what that approach requires, and it’s another piece of a strategy we’ve been executing for a long time now.” — Pablo Penaloza, CEO,…...
AI Agents Finally Get Access Without the Password
3+ day, 9+ hour ago (232+ words) That distinction is the architecture. A user approving a fingerprint prompt is telling the system: use this login for this task. They are not handing the AI anything it can read, store or reuse. “The answer isn’t handing agents your…...
FIS Deploys Anthropic’s Mythos 5 to Strengthen Global Financial Infrastructure
3+ day, 11+ hour ago (430+ words) FIS has joined Anthropic’s Project Glasswing and is using the artificial intelligence company’s most advanced frontier model, Mythos 5, to secure its own systems. Project Glasswing is Anthropic’s initiative that allows select organizations that build or maintain foundational software to use…...