Exercises Fraud Online Operations 
PYMNTS
APRIL 11, 2019
By some accounts, pornography played a central role in the rise of the internet (and provided significant funding for cable and telecom operators ). The story not only shows how online, organized hackers operate, but how they take advantage of consumer mindsets to steal money via digital channels. Ransom Operation.
PYMNTS
OCTOBER 29, 2018
There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s already happening, of course, albeit tentatively.
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FICO
APRIL 7, 2020
Thinking long-term while in the midst of a crisis is a challenging exercise. As fraud practitioners, it’s easy to see the immediate impact on our lives – from reduced operational capacity, to the proliferation of COVID19 scams , to the need to modify our strategies as consumer spending habits have suddenly shifted.
PYMNTS
SEPTEMBER 14, 2016
ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5 million in 2007 to £52.5
Abrigo
JANUARY 31, 2023
Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8
PYMNTS
MARCH 15, 2019
Here’s an exercise that may come off as too academic – like a debate over how many angels fit on a pinhead – but is really among the most vital for not only PYMNTS readers, but pretty much any other business operators: What is the perfect payments experience? That may seem obvious, even trite.
PYMNTS
NOVEMBER 6, 2017
Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 The Index also reported that global fraud can cost merchants in eight different industries $57.8 percent from Q2 2016 to Q2 2017. We hadn’t done that before,” Nelson said.
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