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Report: Fraudsters Have Modified Approaches In Wake Of eCommerce Boom

PYMNTS

“Cybercriminals are well aware that merchants are setting higher thresholds for blocking transactions, which is a major flaw of rules-based fraud prevention strategies.”. He said rules-based systems often fail to find high-dollar fraudulent transactions, but do often block legitimate transactions along the way.

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Retail’s Staffing Stumbling Block

PYMNTS

On the upside, it is less than the 56,526 jobs cut in the retail segment during the same quarter in 2018. All in, 2018 saw 98,563 retail job cuts , the highest total since 2009, according to the outplacement firm Challenger, Gray and Christmas. On the downside, that is more cuts than any other sector.

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Kaspersky Lab: Mobile Malware Attacks Doubled In 2018

PYMNTS

million in 2018, according to a press release from the company. In 2018, the number of mobile users who interacted with malware went up 774,000, reaching 9,895,774. In 2018, mobile device users faced what could have been the fiercest cybercriminal onslaught ever seen,” said Vi?tor million in 2017 to 116.5

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JPMorgan Ups Security By Blocking FinTechs From Passwords 

PYMNTS

The downside of data sharing has come full circle as JPMorgan Chase strives for enhanced protection by blocking FinTech apps from accessing customers’ passwords, The Financial Times (FT) reported on Tuesday (Jan. Data security is an issue with far-reaching consequences.

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Google Spent $21M On Lobbying In 2018

PYMNTS

million on lobbying in 2018 and for two years in a row has been the leading corporate spender among the tech companies. In 2009 Google spent $4 million on lobbying, with that increasing fivefold in 2018. million in lobbying in 2018, which was up 27 percent from two years ago, while Facebook spent $12.6 million in 2018.

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Payment Processing USA: 2024 Market Overview

Clearly Payments

Credit card sales volume in the USA by year from 2018 to 2023 Year Credit Card Transaction Volume (USD) 2018 $3.7 As consumers increasingly turn to online shopping and mobile payments, this segment is expected to experience steady growth, driven by the convenience and accessibility of digital payment methods. trillion 2019 $4.0

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Binance Discreetly Spins off Venture Arm Months After Richard Teng Steps up as CEO

Fintech News

Global crypto exchange Binance has officially spun off its venture capital and incubation arm – Binance Labs, as reported by The Block. Yi He, another co-founder of Binance, leads Binance Labs, which has made significant investments in the cryptocurrency sector since its inception in 2018.