operations-fraud 
PYMNTS
APRIL 9, 2019
The report noted users who had been hit with malware or installed a bad browser extension had their account passwords and browser details copied and then sent to the operators of the marketplace. Operators of the marketplace sell the data to cybercriminals who use it for identity theft, online fraud, and other crimes.
PYMNTS
APRIL 12, 2019
It’s no secret that fraud is evolving as the bad guys and bad girls look to stay one step ahead of the ones wearing the white hats, warding off fraudulent transactions with the aid of prudence and good technology. Thus, business email compromise fraud (BEC) is evolving too.
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PYMNTS
APRIL 11, 2019
Headlines swirling around cyber fraud usually center on the size and scope of heists, where the bad actors make off with breathtaking sums — in the hundreds of millions of dollars. The higher the value of the instruction, the higher the risk of triggering fraud -detection systems,” SWIFT said. Federal Reserve.
PYMNTS
APRIL 7, 2019
“Furthermore, the machine learning algorithms require minimal supervision to learn and support new payment methods and can confirm payment sources, detect anomalous payments and escalate these to Flywire’s compliance and operations teams for review. The new capabilities also further optimize FX conversion,” the company said.
PYMNTS
APRIL 11, 2019
Among the many AI and machine learning systems available on the market, there is one particularly versatile type of AI, having been engineered specifically to enhance financial and payment operations: smart agents. Smart agents can adapt to complex ecosystems, and be assigned to perform particular functions.
PYMNTS
APRIL 9, 2019
While artificial intelligence is a phrase that carries more currency with each passing day (and, with each new instance, its real and potential use in the world of payments and commerce, including for anti-fraud measures), the real meaning of AI is not always clear to participants in the digital economy. percent of FIs.
PYMNTS
APRIL 10, 2019
The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S.
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