PYMNTS

JULY 24, 2019

billion IoT devices by 2025, up from 7 billion in 2018. Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines. In the July Intelligence of Things Tracker™ , PYMNTS explores the latest news in IoT, including partnerships, innovations, security risks, and oversight from world governments.

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PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

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PYMNTS

JANUARY 9, 2019

By 2025, online luxury sales are expected to triple, leading to an anticipated $91 billion in sales, one report noted. Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack.

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Fraud Retail Security Online 109

Abrigo

JANUARY 3, 2024

1, 2025) to file their initial BOI reports. FIs must certify that the BOI will be held securely and that the FI has received approval from the reporting entity to access their ownership details. Stay up to date on AML/CFT and fraud trends with more professional development. 1, 2024, have one year (i.e., Beginning Feb.

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PYMNTS

SEPTEMBER 15, 2020

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

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Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Fraud and cybercrimes continue to increase, causing challenges for community banks. By William Atkinson.

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PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. Businesses and organizations are already taking steps to close this security gap. billion by 2025, with $1.6

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FICO

MAY 27, 2022

Fraud at the point of application has long been an issue for lenders. We have seen insurance, utilities and mobile phone contracts all targeted by application fraud. Application fraud soared during the pandemic and continues to grow today. In most cases, fraud controls are still not taking place at the point of application.

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South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods.

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South State Correspondent

OCTOBER 25, 2023

With the strong expected growth in instant payments from FedNow and the widespread adoption of Request for Payment by The Clearing House, checks are expected to suffer another material decline in 2025 as traction increases. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will.

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PYMNTS

JANUARY 13, 2021

12) the launch of the Starbucks Community Resilience Fund, through which it will invest $100 million from now through 2025 to support small businesses located in minority neighborhoods, providing them with access to capital and mentorship. Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge.

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PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. percent by 2025. Shell employs 8,500 people in India and retails fuel in six states. . The global smart fleet management industry was valued at $290.9

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Cards Fraud Operations Management 159

PYMNTS

FEBRUARY 18, 2020

The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security. percent, and is expected to be a $102 billion eCommerce market by 2025. The region also experiences some of the highest fraud rates, in both finance and eCommerce. An average of 1.6

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PYMNTS

OCTOBER 4, 2019

In digital banking, consumers want the type of financial services control that could potentially decrease their risk for fraud and leave them responsible for more authentication tasks. 80 percent: Anticipated growth rate of the restaurant industry’s off-premise spending by 2025.

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PYMNTS

JANUARY 19, 2021

The larger issue is remote onboarding becoming the dominant form of account creation, and how to secure a world where in-person meetings are out, and documents can be faked. Digital identity is anticipated to generate $8 billion for mobile network operators by 2025, up from $1.3 billion in 2020 alone.”. Digital A Lifesaver For HR Pros.

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PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

MARCH 25, 2019

federal government tries to stem fraud and other losses in benefit programs, a new mobile app might just provide a way to do that. 534 billion: Projected value of the IoT healthcare market by 2025. As the U.S. While that happens, the payments industry is upping its game against counterfeit goods sold online.

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Innovation Fraud Regulation Data 148

PYMNTS

AUGUST 29, 2018

“These websites are so easy to hack that we couldn’t give them to adult hackers — they’d be laughed off the stage,” said Jake Braun, a former White House liaison for the Department of Homeland Security, in an interview with ABC News. Hackers love nothing more than a target-rich environment.

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Security Conference Software Google 101

PYMNTS

JULY 9, 2019

As digital payments and commerce grows — and as consumers and regulators focus more on issues related to web security and privacy — digital ID continues to take more of a role in addressing those concerns, and helping online companies and organizations win over more consumer and otherwise scale. This info is easily available on the Dark Web.

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Security Online Fraud Samsung 191

Cisco

APRIL 26, 2022

Some familiar examples are receiving banking fraud alerts on mobile devices, submitting photos for insurance adjustments, or using robo-advisors for investment decisions. Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. trillion by 2025, growing at a CAGR of 16.9%.

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Big Data Data Analytics Examples 148

PYMNTS

SEPTEMBER 17, 2020

billion by 2025.”. It’s known that many colleges and universities would fail their final when it comes to online security and fraud defenses. One recent report found that the IAM technology market is predicted to grow from $7.6 billion this year to $15.3 Testing Limits, Pushing Boundaries.

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Video Resources Course Online 251

PYMNTS

FEBRUARY 17, 2020

Every network involved must be able to instantly, safely and securely connect and share information, he explained, and Cisco works with city governments to cultivate transparency and speed. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. “We

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Insights on Business

MAY 22, 2019

Bank of New Zealand (BNZ), one of the leading banks in ANZ, announced late last year that they have selected IBM Safer Payments to deliver cross-channel fraud protection to its customers. Growing fraud requires new approach. Many conveniences that customers enjoy as a result of modern banking carry an increased risk of fraud.

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Customer Experience Payments Fraud Security 87

PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud.

Fraud 122

Fraud Technology Security Tools 122

Abrigo

FEBRUARY 3, 2020

Financial institutions generally are moving away from self-managed, on-premise technology and are finding hosted solutions that provide the security and scalability they need. But research firm Gartner estimates that through 2025, 99% of cloud security failures will be the customer’s fault. Fraud Prevention. Learn More.

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Resources Security Customer Experience Fraud 150

PYMNTS

DECEMBER 11, 2020

The Bank of Thailand, the nation’s central bank, announced the expansion, which was done in collaboration with the Securities and Exchange Commission, the Office of the Insurance Commission, the Electronic Transactions Development Agency (ETDA) and the National Credit Bureau (NCB).”. That’s expected to cost banks an $168.9

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Video Security National Digital Banking 204

PYMNTS

SEPTEMBER 21, 2018

percent between 2018 and 2025, a number of local governments are adopting the technology to accept fines and taxes more easily. In the call center space, meanwhile, service providers are upping their use of automation and security technologies. Around The Call Center World.

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Trends Security Technology Training 152

PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

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Analytics Data Fraud Tools 116

PYMNTS

SEPTEMBER 20, 2016

billion by 2025, which is five times what it’s currently clipping at. Stripe offers software tools for processing services for online and mobile transactions, as well as capability to manage security for customers’ data and fraud prevention. Singapore’s eCommerce market, according to analysts, is projected to increase to $5.4

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PYMNTS

DECEMBER 10, 2020

Advocates of the strategy say it provides banks with an error-free way to onboard customers while reducing fraud and preventing application abandonment. . million by 2025. Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks. Reducing FI Onboarding Time, Costs .

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Video Digital Banking User Experience Tools 201

PYMNTS

JULY 26, 2018

75 percent: Share of food and beverage industry workers who reported an increase in fraud over the last year. 30 percent: Share of restaurant sales expected to run through digital by 2025. 80 percent: Share of Software-as-a-Service providers who will shift to a subscription business model by 2020. public.

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Data Fraud Software Meeting 101

PYMNTS

JULY 31, 2019

The Singaporean government is aiming to eliminate checks and reduce cash payments by 2025. The QR code reduces a typical ATM transaction from 80 seconds to under 45 seconds, and is also more secure than a PIN. Rampant fraud in the global trade finance space is forcing the industry to go digital, OCBC previously said.

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ATM Mobile blockchain Fraud 108

PYMNTS

NOVEMBER 10, 2020

In the meantime, as central banks look toward a rough timeframe of 2025 to get up and running with digital fiat, McCarthy said that over the short term we’ll see more practical use cases leveraging cryptocurrencies — especially in the business-to-business space. Crypto has been held up by critics as a conduit to fraud and money laundering.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

OCTOBER 24, 2018

By 2020, 30 billion Intelligence of Things (IoT) devices are expected to be connected worldwide — a figure anticipated to skyrocket to 100 billion by 2025. As the number of IoT devices grow, the security risks will only become more impactful. NXT Semiconductors , for one, expects that applying IoT can make commerce safer from fraud.

Trends 119

Trends Security Data Retail 119

PYMNTS

JULY 18, 2018

million: What PwC was ordered to pay by a judge for failing to detect fraud between a client and a mortgage lender. $1 trillion: The estimated worth of the global market for connected devices by 2025. 1 trillion: Value of loan balances held by credit unions as of March 2018.

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Insights on Business

NOVEMBER 7, 2017

As these numbers are trending upward, the mobile payments and transaction industry, which one of its main selling points is simplicity, is ripe for fraud and criminal activity. Enter the mobile fraud detection and prevention industry. Investing in mobile payment security to fight cybercrime. Convenience, at a cost.

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Payments Fraud Mobile Trends 79

PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Supply Of Data.

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Payments Data Fraud social media 195