Insights on Business

MAY 18, 2018

There are five trends that all industries are facing, but I’d argue no industry is feeling them more acutely than financial services: Shareholders increasingly demand higher margins, as customers increasingly expect more personal and convenient experiences. It can flag problems and route issues to security analysts. Efficiency.

Operations 93

Operations Security Cyber Security Customer Experience 93

SWBC's LenderHub

JULY 2, 2020

As the industry and consumers are adjusting to a new normal after the global spread of COVID-19, fraudsters are changing their schemes to prey on the heightened anxieties that people are experiencing during these uncertain times.

Trends 146

Trends Fraud Industry Cyber Security 146

PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent. contact-form-7].

Fraud 100

Fraud Online United States Cyber Security 100

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Also, questions can be asked about the number of respondents and how representative this really is of the global industry. Fraud teams operate with lean structures. of respondents.

Survey 52

Survey Fraud Cyber Security Compliance 52

Abrigo

MAY 4, 2020

While many are minor application enhancements, some are bug fixes or critical cyber security enhancements that should be updated immediately. As with many aspects of BSA and IT examinations, regulatory expectations are evolving based on issues seen within the industry. Examiner Expectations. Let your vendor do the work for you.

Software 195

Software Cyber Security Security Community 195

American Banker

NOVEMBER 20, 2023

In our ongoing battle against financial fraud, we need a holistic overhaul of the regulatory landscape to safeguard the financial industry and its stakeholders effectively.

Fraud 41

Fraud Regulation Industry Cyber Security 41

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

PYMNTS

JUNE 21, 2017

What’s more, half of the companies surveyed experienced between one and five IT security incidents in the past 12 months. “As Preparedness among all departments in the organization — such as executive leaders, engineers, IT security teams and more — is key to protecting against cyberattacks.

Survey 124

Survey Cyber Security Security Training 124

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

FICO

AUGUST 4, 2020

Traditionally the vendor security risk assessment process has involved a manual and cumbersome spreadsheet-and-email system that is typically slow, labour-intensive, and potentially inaccurate. One of these sources, that has now been added to the Whistic platform, is FICO’s market-leading Cyber Risk Score.

Security 52

Security Risk Management Cyber Security System 52

Qudos Bank

DECEMBER 9, 2021

Unfortunately, scams and financial fraud are becoming more and more common each year. Common behaviours exhibited by people who have been victims of fraud to look out for include: They are suddenly short on money. Most cybercrimes can be reported through the Australian Cyber Security Centre’s Report Cyber service.

Cyber Security 40

Cyber Security Fraud Security Report 40

PYMNTS

DECEMBER 2, 2019

The Central Bank of Sri Lanka (CBSL) together with experts in Sri Lanka’s Financial and Information Technology (IT) industries, is assessing the possibility of applying Blockchain Technology to streamline Know-Your-Customer (KYC) processes at financial institutions.

blockchain 132

blockchain System Cyber Security Technology 132

SWBC's LenderHub

JUNE 21, 2021

Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry. Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008.

Industry 78

Industry Compliance Regulation Technology 78

American Banker

JANUARY 12, 2024

Lynch, the council will explore how artificial intelligence is influencing the development of new products and services, fraud prevention and other areas across the financial services and housing industries. Led by Congressmen French Hill and Stephen F.

Groups 78

Groups Fraud Industry Cyber Security 78

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. Industry Recognition for AI and Analytic Innovation.

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. FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

NOVEMBER 2, 2016

government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel. universities” that will be tasked with increasing security for smartphones, tablets and laptops.

Cyber Security 100

Cyber Security social media Security Survey 100

FICO

MARCH 23, 2021

In fact, the speed of roll-out is prompting industry, commerce and government to quickly rethink their priorities to ensure they continue to meet customer expectation, stay relevant and make the most of the US$1.5 According to analysts, the widespread roll-out of 5G networks is going faster than first anticipated.

Cyber Security 52

Cyber Security Retail US Trends 52

Cisco

APRIL 7, 2019

How can firms provide rich customer experiences in an ever-changing environment without sacrificing security along the way? Cyber security is more than just “top of mind.” All 30 had at least one known security risk identified, and 25% included at least one “high risk security flaw.”. Visited a local retail branch?

Trends 64

Trends Cyber Security Big Data Analytics 64

FICO

APRIL 17, 2020

The FICO® Cyber Risk Score continues to experience significant momentum in the cyber insurance marketplace with strong growth, new clients, and exciting industry recognition. FICO has become the trusted name in cyber risk scoring in the insurance marketplace.

Cyber Security 52

Cyber Security Industry Management Security 52

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

JUNE 13, 2017

“The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. Vovnenko was also told to pay restitution of $83,368.

New Jersey 100

New Jersey System Industry Fraud 100

Cisco

APRIL 7, 2019

How can firms provide rich customer experiences in an ever-changing environment without sacrificing security along the way? Cyber security is more than just “top of mind.” All 30 had at least one known security risk identified, and 25% included at least one “high risk security flaw.”. Visited a local retail branch?

Trends 48

Trends Cyber Security Big Data Analytics 48

NCR

APRIL 4, 2017

The issues of fraud and security should be forefront in the minds of every financial institution (FI) at the current time. Meanwhile, 72 percent of FIs expect to invest in cyber security training and awareness programs, while two-thirds (67 percent) will look to employ personnel with expertise in this area.

Cyber Security 49

Cyber Security Study Security Training 49

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.

Cyber Security 40

Cyber Security Payments Security Regulation 40

Payments Source

MARCH 12, 2019

The past six years have been a whirlwind for King, who had no experience in the payments industry before becoming CEO of Featurespace, the fast-growing U.K. startup enabling banks to use machine-learning technology to block payment card fraud.

Fraud 71

Fraud Cards Industry Payments 71

Bussman Advisory

FEBRUARY 21, 2018

We have seen money stolen from token launches through fraud, for example through phishing schemes or fake websites, as well as security flaws in cryptocurrency wallets. If the ICO community cannot address such cyber security issues, it will have a hard time catching on with mainstream investors.

Capital 67

Capital Cyber Security blockchain cryptocurrency 67

FICO

DECEMBER 18, 2017

That 1849 quip from Jean-Baptiste Alphonse Karr somehow seems fitting for today’s cybersecurity industry. In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. “The more things change, the more they stay the same.”

Cyber Security 73

Cyber Security Security Data Resources 73

PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. Of course, the use of cyber war games extends beyond Goldman Sachs and the financial industry. Defense Industrial Base,” Boeing said.

Exercises 151

Exercises Louisiana Cyber Security Tools 151

FICO

JANUARY 30, 2017

In my role as FICO’s Chief Analytics Officer, one of the most exciting parts of my job is being asked to speak at industry and customer events all over the world. One thing is for sure: analytics are rocking every corner of the world we live in, and audiences across industries are eager to learn more.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

FICO

JULY 28, 2020

The value of cyber risk scores is clear; however, insurance carriers must think carefully when choosing a scoring service provider. For more insights, join the upcoming US Chamber of Commerce Virtual Cyber Series. The FICO data-driven, empirical, analytic score leverages the latest in machine learning techniques. by Doug Clare.

Marketing 69

Marketing Cyber Security Policies Comparison 69

William Mills

JUNE 22, 2017

Podcasting continues to gain ground in popularity and that is translating to the fintech industry as well. Fintech5 features key financial industry and technology influencers who are changing the game. CU Broadcast is a Credit Union talk show featuring game changers, innovators and ambassadors in the industry. American Banker.

Fintech 61

Fintech social media Cyber Security Conference 61

FICO

JANUARY 5, 2023

For those in the financial services industry, 2023 will be the year when U.S. Leading up to 2022, the industry saw meteoric growth with transaction volume increasing fourfold , from $33 billion to $120 billion, between the years of 2019 and 2022. Several groups have also called for comprehensive industry regulation.

Policies 52

Policies Company Regulation Risk Management 52

FICO

APRIL 7, 2016

Four hands-on sessions and a fraud presentation by FICO’s Chief Analytic Officer, Scott Zoldi. Also, Scott Zoldi, FICO’s CAO and a renowned thought leader on fraud analytics, will speak as part of the event’s Fraud Detection and Cyber Security track.

Analytics 40

Analytics Cyber Security Conference Fraud 40

FICO

DECEMBER 21, 2018

Thus, a couple of weeks from now we’ll ring in 2019, the Year of Cyber Insecurity: 52 weeks in which companies of all sizes and industries will experience a new level of fear – and in some cases panic – in realizing their vulnerability to data breaches, hacking and other cybercrimes. That's the best way to deal with cyber insecurity.

Cyber Security 40

Cyber Security Comparison Policies Data 40

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. The digital attack surface varies by industry, and it’s constantly changing.

Mobile 102

Mobile San Francisco Tools Security 102