PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. It said it learned of it on Sept.

Cyber Security 122

Cyber Security Security Cards Resources 122

PYMNTS

NOVEMBER 11, 2016

The chain fell victim to a widespread malware attack that stole customer payment information for more than a year, from May 2014 to June 2015. First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. Just days later, the fraud scare actually became reality.

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

Banking 2020

SEPTEMBER 10, 2015

By reselling keystroke encryption software to your customers, and making it available for your employees, you can profit from the security upgrade and stop the transfer of personal and sensitive information before it gets into a cyber attacker’s hands. Do your customers know about these other types of fraud?

Cyber Security 40

Cyber Security Security Fraud Software 40

PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. million cards, the majority are on the Visa or Mastercard platform — 2.65 As many as 3.25

Cards 100

Cards ATM Security National 100

FICO

DECEMBER 12, 2022

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. This technology is incorporated into FICO® Falcon® Fraud Manager.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

Banking 2020

NOVEMBER 24, 2015

First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3

Fraud 40

Fraud Cards Cyber Security System 40

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Qudos Bank

MAY 11, 2023

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity. Published May 2023

Cyber Security 40

Cyber Security Fraud Security Online 40

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

JANUARY 7, 2020

The gang demanded $6 million in ransom in exchange for not releasing sensitive information regarding Travelex customers, including birth dates and credit card numbers. Sodinokibi contacted the BBC on Tuesday (Jan. 7), claiming responsibility for the attack that caused Travelex to shut down last week.

Cyber Security 130

Cyber Security Online Retail National 130

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. It’s very simple.”.

Exercises 119

Exercises Resources Industry Cyber Security 119

SWBC's LenderHub

JANUARY 26, 2017

However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard. Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet.

Industry 60

Industry Security Cards Data 60

PYMNTS

SEPTEMBER 24, 2018

The airline informed customers on Sept. 6 that as many as 380,000 individuals had been affected, where data tied to credit cards used for bookings had been pilfered. According to Bank Info Security , quoting U.K. The breach itself was one where a cyberattack lasted from Aug. 21 to Sept. litigation.”.

Data 152

Data Cyber Security Regulation social media 152

PYMNTS

JUNE 13, 2017

According to a report by Reuters, Sergey Vovnenko, who went by the aliases “Flycracker” and “Darklife,” was sentenced for taking over more than 13,000 computers to get his hands on logins and credit card information. Vovnenko was also told to pay restitution of $83,368.

New Jersey 100

New Jersey System Industry Fraud 100

Payments Source

MARCH 11, 2020

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.

Cyber Security 127

Cyber Security Fraud Cards Security 127

PYMNTS

AUGUST 23, 2017

Recent research by San Francisco-based cyber security company RiskIQ , aggregated in the company’s 2017 State of Enterprise Digital Defense Report , shows 68 percent of corporate decision-makers have little to no confidence in this area. Those sites are then duped into shipping out merchandise purchased using stolen credit card data.

Mobile 102

Mobile San Francisco Tools Security 102

FICO

FEBRUARY 2, 2017

Your fitness wearable times your run, tracks your progress, and calculates your distance based on location, which is great—until that information, stolen during a data breach, ends up in the hands of a cyber stalker. FICO offers important defenses to protect wearables data and all sensitive information.

Cyber Security 40

Cyber Security Security Data Fraud 40

FICO

JANUARY 5, 2023

The CFPB has collected information from five of the top BNPL companies and issued a comprehensive industry report. CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections.

Policies 52

Policies Company Regulation Risk Management 52

American Banker

MARCH 11, 2020

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.

Cyber Security 101

Cyber Security Fraud Cards Security 101

American Banker

JUNE 9, 2016

Many financial criminals are switching to a more sophisticated kind of identity theft in which they open accounts based on stolen identities, or on composites of information stolen from different people.

Fraud 28

Fraud Cyber Security Security Cards 28

FICO

AUGUST 28, 2020

Generally, what is needed is a layered response where more than one factor is invoked and there is never reliance on a single security measure. Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers.

Management 52

Management Security Cyber Security social media 52

Gonzobanker

NOVEMBER 17, 2016

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Megatrend #2 – Secure and Compliant is a Non-Negotiable. Visit our web site to learn more.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Tomorrow's Transactions

APRIL 25, 2016

I don’t doubt the film rights have already been snapped up, because at the trial it was revealed that the pensioner perps included a look out who fell asleep, a deaf point-man and a gang that travelled using OAP Oyster cards. From Sir Bernard Hogan-Howe online fraud refund claim provokes anger – BBC News. No, it doesn’t.

Bitcoin 30

Bitcoin System Fraud New York 30

NCR

MAY 3, 2016

After two years of avoiding detection, a massive cyber criminal ring was uncovered by Kaspersky Labs in 2015 dubbed Carbanak (after the strain of malware used in the group’s attacks) that infiltrated over 100 banks in 30 countries, making off with as much as $1 billion. Securing the Vault. For more information, visit [link].

Policies 40

Policies Security ATM System 40

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. FFIEC’s Cyber Security Self-Assessment Tool. Information Management Award. According to CardFlight, only 42% of MasterCard and 52% of Visa cards are chip-enabled due to backlogged card producers and payment processors.

Community Bank 60

Community Bank Apple Community Technology 60