Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. Another hurdle for financial institutions can be identifying key reports that can help make more informed decisions.

Report 195

Report Lending Trends Data 195

Chris Skinner

MAY 12, 2019

Watching the BBC, I often see reports on the elderly being ripped off, scammed and targeted by fraudsters.

Fintech 411

Fintech Marketing Fraud Report 411

PYMNTS

OCTOBER 15, 2020

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. Social media saw a deluge of complaints about the attacks, Bloomberg reported. Some users reported not hearing back from the company for multiple days.

Report 276

Report social media Fraud Tools 276

Bank Innovation

MARCH 8, 2019

Wirecard AG expects the final report on an investigation concerning alleged fraud at its Singapore unit to be presented soon, according to a person familiar with the matter.

Fraud 150

Fraud Report Operations Marketing 150

PYMNTS

AUGUST 27, 2020

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. The news outlet cited a report from Night Lion Security , which looks into companies' vulnerable points. If any of them match up with the game's accounts, they're sold on the black market.

Marketing 289

Marketing Apple Video Fraud 289

PYMNTS

JUNE 29, 2020

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.

Fraud 327

Fraud Risk Management Report Management 327

PYMNTS

OCTOBER 8, 2020

That includes new Chief Financial Officer Amaury Dauge , previously of Qontigo and Euronext , and new Chief Marketing Officer Varun Kohli , a seasoned Silicon Valley veteran. Feedzai has seen the increase in fraud and scams with the pandemic. percent of users who hadn’t experienced fraud were concerned about it, too.

Report 247

Report Fraud Risk Management America 247

PYMNTS

FEBRUARY 23, 2020

Binance , Nigeria’s cryptocurrency market, has seen sign-ups surge 50 percent so far in 2020. The market is scrambling to provide users with a stablecoin. Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb.

Operations 151

Operations Fraud Capital Marketing 151

PYMNTS

AUGUST 7, 2020

District Court for the Southern District of Florida with wire and bank fraud and conspiracy for seeking $24 million in forgivable PPP loans. They were charged with conspiracy to commit bank and wire fraud, bank fraud, wire fraud, false statements to a financial institution and money laundering.

Fraud 276

Fraud Florida Georgia Cleveland 276

PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Report 274

Report United States social media Guidelines 274

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions.

Report 195

Report Risk Management Capital Data 195

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. 43 percent of employees admit to mistakes that have caused cybersecurity repercussions, a new study has found, according to OnRec reported. In a survey of 1,000 U.K.

Fraud 254

Fraud Survey Report Payments 254

PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

Report 169

Report Fraud Regulation Marketing 169

PYMNTS

JULY 15, 2020

After weeks of relentless headlines on the collapse of Wirecard , the High Court of Justice in London handed the German payments company a victory on Wednesday (July 15), the Financial Times (FT) reported. Judges dismissed a civil suit that alleged Wirecard of fraud weeks after the company filed for insolvency in a Munich court.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

NOVEMBER 13, 2020

The telecommunications industry is but one of many sectors looking to more securely verify customers and avoid fraud, which remains a growing problem. million) since 2015, with 483 incidents being reported in June alone. Protecting Against SIM Swap Fraud By Deploying Digital Identity. More than 6.2 About The Tracker.

Fraud 242

Fraud US Mobile Study 242

PYMNTS

JANUARY 11, 2021

To that end, late last week Equifax said it had reached a deal to acquire fraud prevention and digital ID firm Kount for $640 million. As reported, the deal will enable Equifax to boost its global presence in digital ID and fraud prevention, including through the Kount Identity Trust Global Network. In a Monday (Jan.

Fraud 158

Fraud Online ATM United States 158

PYMNTS

MAY 8, 2019

Caledon used to employ Meeks and Williams before they went to FreightRover, according to reports. Williams reportedly was president of a Celadon subsidiary called Quality Companies during the period of alleged fraud. Fraud Allegations. Leadership Changes. Here is what happened, at least according to the U.S.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

Fraud 151

Fraud Virginia Florida Risk Management 151

PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. Engadget reported that Jeff Tran, Microsoft ’s former director of sports marketing and alliances, was charged with five counts of wire fraud. Wire fraud has a sentence of up to 20 years’ imprisonment. Fraud On The Rise. Overall, there was $.46

Fraud 152

Fraud blockchain Cards Payments 152

PYMNTS

FEBRUARY 27, 2018

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

Fraud 104

Fraud Marketing Payments Analysis 104

PYMNTS

JANUARY 15, 2020

The subscription business model is growing sharply around the world, but the industry is also dealing with the twin challenges of fraud and subscriber churn. As a result, companies are increasingly turning to high-tech fraud-busting solutions to entice and keep subscribers. 536.4M: Value of fitness subscription app ClassPass.

Fraud 130

Fraud Data Industry Technology 130

PYMNTS

AUGUST 5, 2020

One report found that the mobile gaming market is expected to be valued at $100 billion by the end of 2020, for example. One form of technology that could help to mitigate some of the rising forms of fraud on gaming platforms is biometrics. Deep Dive: Guarding Gaming Platforms Against Online Fraud.

Online 278

Online Report Fraud Mobile 278

PYMNTS

JULY 2, 2020

A report in The Wall Street Journal (WSJ) said EY is now facing claims that the firm failed to identify “unorthodox financial arrangements” dating back to 2016, and, according to emails seen by the publication, that EY may have had questions surrounding those arrangements, but signed off on Wirecard’s financials regardless.

Fraud 152

Fraud Report Company Regional 152

PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. While that helps reduce fraud, the WSJ noted that real users were also impacted when their transactions were declined.

Fraud 222

Fraud Payments Report Branding 222

PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

Fraud 140

Fraud National Marketing Report 140

PYMNTS

JULY 19, 2020

Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s revenue and all its operating profit, the Financial Times (FT) reported. . Reporting solely on KPMG’s forensic investigation carries the danger of misinterpretation,” they noted. .

Report 154

Report Fraud Operations Payments 154

PYMNTS

JUNE 22, 2020

It’s the battle against fraud that can be lost right at the beginning. There’s increased urgency on the part of financial institutions (FIs) to spend more time and money on battling fraud at the point of onboarding, especially as card-not-present transactions surge in the lingering wake of the coronavirus. alone topped $10.2

Fraud 193

Fraud Cards Risk Management Customer Experience 193

Abrigo

FEBRUARY 9, 2024

real estate market alone. If approved as written, professionals involved in real estate closings and settlements will have to report information to FinCEN about non-financed residential real estate transfers to legal entities or trusts. WATCH NOW Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3

Training 195

Training Fraud Trends Report 195

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Fraud 124

Fraud Retail Online Study 124

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch .

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. Properly verifying the email addresses attached to clients is therefore essential for companies in the present market — and to keep out fraudsters successfully, this must be done at the very start of new customer relationships.

Fraud 208

Fraud Security Mobile Examples 208

PYMNTS

DECEMBER 17, 2018

A report from IT Governance at the end of last week showed that only 29 percent of firms in the EU have “fully” implemented the GDPR tenets, and the lack of full compliance means that possible penalties loom – to the tune of four percent of a fined firm’s annual top line. The report surveyed more than 200 firms across a range of industries.

Report 167

Report Fraud Compliance Apple 167

PYMNTS

MARCH 25, 2019

A new report has revealed that invoice fraud cost U.K. Invoice fraud happens when criminals pose as a regular supplier and make a request for their bank account information to be changed, usually via email. Invoice fraud could happen to businesses of all sizes. Even tech giants can be hit with invoice fraud.

Fraud 148

Fraud Training Report Management 148

PYMNTS

AUGUST 22, 2019

Fraud, for instance, is an ongoing threat, with nearly three-fourths of U.S. financial institutions reporting growing losses attributed to online and mobile fraud. The automation factor makes the process hands-off and makes it “less likely for especially internal fraud to occur, but also external,” per Quaine.

Fraud 142

Fraud Fintech Training Security 142

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. A layered FDP (Fraud Detection & Prevention) solution naturally helps directly preventing fraud, but it also offers major gains in terms of recovering potentially lost revenue through false positives.

Fraud 152

Fraud Study Retail Online 152

PYMNTS

SEPTEMBER 24, 2018

billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Perhaps more troubling, however, is digital fraud’s projected future. Recently published research noted global fraud losses could top $6 billion by 2021, more than doubling the $3 billion lost worldwide in 2015.

Fraud 195

Fraud Security Analytics Data 195