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Identity Fraud Numbers Rose 16 Percent In 2016

PYMNTS

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. According to the research, during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud.

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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

“I would say the most relevant variables across Latin America are banking penetration and credit card penetration,” Gimenez noted. One difference is the use of debit cards online. Since some people don’t have access to bank accounts or online payment methods, there is an option to pay using cash in most countries.”.

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Hacker Tracker: Shimmers, Identity Fraud, And Hacked Hotels

PYMNTS

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. As Datablink CEO Alex Cagnoni pointed out, card cloning devices are not something new; however, with the use of a chip, the attack has become more complex but still quite effective.

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Fighting digital banking fraud – Part 1: Know the threat

NCR

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. million instances of fraud and two million computer misuse offenses in England and Wales alone. .

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Govt Eyes BEC, Govt Slammed By BEC

PYMNTS

Cyber frauds are a pervasive, significant and growing threat to all companies, including our public companies,” said SEC Chairman Jay Clayton at the time the report debuted. The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.”

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

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Deep Dive: The Latest Initiatives To Expand Mobile IDs

PYMNTS

Mobile devices enable fast and secure access to services, many of which are solely available online. Digital wallets for holding plane tickets, credit cards or club memberships have been in use for several years now, but digital IDs still have a long way to go before they can entirely replace their physical counterparts.

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