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Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. The Drawbacks of Complex Security. Digital IDs can be protected with common protocols, such as two-factor authentication (2FA), frequent password changes and detailed security questions. More than 4.5

Security 129
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Wirecard’s Former CEO Markus Braun Arrested

PYMNTS

The 50-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers, the Financial Times reported. billion euros ($2.1 billion), prosecutors confirmed on Tuesday. billion euros ($2.1

Fraud 318
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PayU Taps Feedzai To Protect Its LATAM Payment Networks

PYMNTS

Online payment tech company PayU is teaming up with cyber-fraud prevention firm Feedzai to beef up its network protections in a key global market, the companies announced on Wednesday (July 29).

Payments 131
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Black Magic Slight-of-Hand: Trading an $11 Billion Fraud Problem for a $12 Billion One in the Post-EMV U.S. Market

Javelin Strategy & Research

The clamor for improved security has created a groundswell of support among stakeholders for the EMV transition in the U.S. Based on previous experiences overseas, it is expected that EMV will eliminate counterfeit card fraud, while removing the incentive for criminals to compromise card data from POS merchants. Cards Association).

Fraud 56
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UK’s Terrorism Reinsurance Fund Wants To Expand Coverage To Include Cyberattacks

PYMNTS

In 2002, for example, Pool Re expanded its coverage to include chemical and biological attacks after the 9/11 attacks in the United States. This is similar to what is done in the United States, where the cyberinsurance market paid out about $3.25 Claims are handed out if the British government concludes an attack was terror-related.

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Speed Dating: Invoice-to-Cash In The Digital Age

PYMNTS

– What are companies doing to battle cyber security and avoid fraud? Ed also has extensive experience in the International technology markets with a specific emphasis on Brazil. In 2002, the New Jersey Technology Council named him “CFO of the Year.” CEO of Market Platform Dynamics. CFO of Billtrust.

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Money 20/20: The World’s Largest Payments & Financial Services Event

William Mills

a security consultant who famously committed bank fraud and in his early life for which he served prison time. As portrayed in the 2002 movie, “Catch Me If You Can,” Abagnale was initially required to serve as an FBI fraud consultant for four years as part of his parole agreement, but he remained loyal to the agency.