PYMNTS

JUNE 16, 2020

Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S. But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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Chris Skinner

DECEMBER 6, 2018

We talk a lot about cybersecurity, fraud and risk, but are we too complacent about it? Out of the 1,300 IT security decision makers surveyed for cyberark Global Advanced Threat Landscape … The post Is the internet of things our biggest future threat?

Survey 257

Survey Fraud Security Report 257

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . The war in Ukraine has financial institutions on high alert for cybersecurity threats. Expand and Clarify.

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PYMNTS

AUGUST 17, 2020

When it comes to fraud threats, no company — large or small — is immune. PYMNTS breaks down the numbers of the latest in B2B fraud below. 9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said.

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Fraud Trends Security Report 237

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

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Fraud Security Resources Survey 148

PYMNTS

MARCH 5, 2020

Our cybersecurity team recently identified and shut down a malicious attack against our email vendor that led to unauthorized access to certain T-Mobile employee email accounts, some of which contained account information for T-Mobile customers and employees,” the company said. “An

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Mobile Data Fraud Security 263

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Takeaway 2 A worsening economy increases pressure to commit fraud, provides opportunities to commit fraud, and can be used as an excuse by criminals to rationalize their actions.

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Abrigo

OCTOBER 28, 2021

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Preventing Cyber Fraud. Learn more.

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Video Fraud Training Analysis 195

PYMNTS

SEPTEMBER 28, 2020

Pandemic-related fraud attempts continue to climb. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. Barrenechea in a statement. 45 percent of U.S.

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Fraud Training California Security 241

Abrigo

NOVEMBER 1, 2021

Combating Cyber-Enabled Fraud Requires Communication Increases in cybercrime or cyber-enabled fraud deserve attention from financial institutions, as Abrigo expert Terri Luttrell explains in this video. . You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters".

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Fraud Video Training Compliance 195

PYMNTS

NOVEMBER 25, 2020

The survey, which will be released in December, reports that 64 percent of executives at financial companies ranked cybersecurity as their top concern in expected budget increases. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year. Bloomberg received part of the survey in advance.

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Study Survey Fraud Compliance 304

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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social media Fraud cryptocurrency Trends 195

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. Illustration by Cnythzl/iStock. By William Atkinson. Cybercrime could cost $10.5

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Community Bank Community Fraud Texas 134

Abrigo

NOVEMBER 3, 2021

FinCEN provides guidance on Cyber Fraud What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on FinCEN's AML/CTF priorities on cyber fraud. Takeaway 3 The FinCEN releases also focus on money mule schemes and imposter fraud, both increasing due to the pandemic. . Learn more.

Fraud 195

Fraud Video Training Bitcoin 195

PYMNTS

SEPTEMBER 21, 2020

Plus, Nacha has announced the introduction of cybersecurity and voice payment resources. Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation. Nacha Provides Guidance On Voice Payments, Cybersecurity. Nacha unveiled the introduction of cybersecurity and voice payments resources.

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Resources Capital Fintech Cards 223

Abrigo

FEBRUARY 28, 2023

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Phishing is not a new fraud trend, but the rise of smartphones means text messaging fraud is becoming more common. billion to fraud in 2021, a 70% increase over the prior year.

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Fraud How To Training Trends 195

PYMNTS

JANUARY 13, 2020

Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary.

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PYMNTS

OCTOBER 5, 2020

The new capital will help Strike Graph hire more engineering and cybersecurity positions. The company aims to eliminate the confusion related to cybersecurity audit and certification processes by assisting companies in scoping correctly-sized audits and dynamically adjusting controls.

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Compliance Survey Security Fraud 141

Bank Innovation

JULY 25, 2018

Security firms have evolved their techniques to meet mounting threats on a digital front, as such banks must change too. Banks are […].

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Fraud Compliance Meeting Security 199

PYMNTS

JANUARY 25, 2021

This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.

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Fraud Digital Banking Missouri Trends 235

PYMNTS

SEPTEMBER 9, 2019

The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.

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Strategy Security Technology Data 180

PYMNTS

NOVEMBER 9, 2018

In the latest Omni Security And Authentication Report , PYMNTS explored the different tactics cybercriminals are deploying this holiday season, and how retailers are working to safeguard themselves. Around The Security And Authentication Space . How Neiman Marcus Safeguards Purchases When Sales Surge . About The Report.

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Trends CA Security Retail 190

Perficient

SEPTEMBER 16, 2022

Risks Highlighted by the Fed in the Supervisory Letter Include: Money laundering – The letter emphasizes that crypto-related financing poses heightened risks associated with the governance of the underlying network as well as cybersecurity. Determining Legality.

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Compliance Risk Management System Regulation 275

PYMNTS

JUNE 13, 2019

Cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. Synack was started about six and a half years ago, he said, with its founders all having cybersecurity experience at the federal government level.

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Training Online Maine Security 215

PYMNTS

OCTOBER 9, 2020

Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 billion a year — and that seems to be growing. “We We have seen phishing attacks surge since the pandemic started,” Reichel said. Top Four Current Scams.

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Branding Fraud Software Security 292

PYMNTS

JANUARY 28, 2021

The latest Digital-First Banking Tracker® done in collaboration with NCR , notes that “FIs are devoting more money than ever to fraud prevention as more consumers go digital. Banks are expected to boost their cybersecurity budgets by 15 percent in 2021 compared to previous years, some spending more than $3,000 per employee on these upgrades.

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Fraud Survey Digital Banking Security 244

PYMNTS

DECEMBER 7, 2020

Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. But the BEC scam is not the only kind of business payments fraud plaguing firms today. PYMNTS breaks down the numbers behind the latest cases below.

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Fraud Ohio Indiana Payments 228

PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. Justice Department, National Security Agency and the White House. Reports of widespread cyberattacks on several U.S. The thinking goes that if the U.S.

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Security US Washington Software 214

PYMNTS

MARCH 2, 2020

A particularly harrowing cloud services-based fraud incident occurred last year, when a disgruntled AWS employee gained access to more than 100 million Capital One customers’ details. The cloud security space needs to completely rethink its options if such strong systems can still be breached.

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Security Fraud Google Capital 224

PYMNTS

OCTOBER 11, 2018

Cyberattacks on banks have become seemingly inevitable, with banks and financial institutions (FIs) at risk of losing as much as $100 billion to online fraud every year. FIs hoping to win the fight against fraud are increasingly embracing new tools and technologies like machine learning (ML) and artificial intelligence (AI).

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Security Trends CA Apple 173

PYMNTS

APRIL 10, 2019

and the federal government in particular — needs more cybersecurity experts. By the reckoning of Ron Green, chief information security officer and executive vice president at Mastercard , the country has more than 313,000 cybersecurity job openings. percent of federal cybersecurity workers are aged 30 and under.

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Fraud Data Security Industry 179

Abrigo

AUGUST 22, 2022

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Check Fraud. Still the number one type of fraud in banking. There is also usually more than one signee assigned to those accounts, making them more susceptible to fraud.

Fraud 195

Fraud Trends Survey Technology 195

PYMNTS

AUGUST 21, 2020

six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. The company secured the investment from Ascension Ventures and Fuel Ventures, reports said. In the U.K., Freight broker financing startup Axle announced $27.7 Attabotics.

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Fintech Austin Capital Fraud 154

Abrigo

JANUARY 3, 2024

New BOI requirements and how financial institutions can comply Here's what FinCEN's recent final rule for beneficial ownership information (BOI) reporting says and how anti-money laundering (AML) programs will access BOI information. You might also like this on-demand webinar, "How the AMLA & CTA will affect your AML program."

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. Ensuring Secure Workplace Practices. Other fraud attempts targeting workplaces are no less dangerous. million in 2019 — a 1.5

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Fraud Policies Security Resources 249

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Stronger security strategies and solutions could help turn the tide and boost adoption. Around The Real-Time Payments World.

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Fraud Security Payments United States 231

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

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