Fraud losses in the U.S. soared to $12.5 billion in 2024, marking a 25% increase from the previous year, according to Federal Trade Commission data.

Hackers are using Google Tag Manager (GTM) to inject malware into Magento-based eCommerce websites, enabling them to steal credit card numbers during customer checkout.

PayPal has agreed to pay $2 million to settle charges by the New York State Department of Financial Services (NYDFS) over cybersecurity lapses that exposed customers’ Social Security numbers.

The Consumer Financial Protection Bureau (CFPB) is exploring how existing privacy and consumer protection laws can be applied to emerging digital payment systems offered by Big Tech, stablecoins, and other cryptocurrencies.

The latest update to PCI DSS, version 4.0.1, introduces a critical focus on phishing-resistant authentication factors to combat evolving cyber threats. Yew Kuann Cheng, regional vice president for the Asia Pacific at the PCI Security Standards Council, emphasizes that businesses leveraging advanced anti-phishing technologies can more efficiently meet multi-factor authentication (MFA) requirements.

Frax Finance has launched frxUSD, a rebranded version of its FRAX stablecoin, aiming to set new standards in decentralized finance (DeFi) and stablecoin transparency.

The U.S. Faster Payments Council (FPC) has unveiled its latest report, International Practices in Mitigating Faster Payments Fraud, sponsored by Nasdaq Verafin. This in-depth resource provides valuable insights into how leading international markets address fraud in faster payments, offering actionable strategies for enhancing fraud mitigation in the United States.