Remove 2004 Remove Fraud Remove Online Remove Security
article thumbnail

Cybersecurity Awareness Month: How financial institutions can stay safe and secure online

Abrigo

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. First held in 2004 The history of Cybersecurity Awareness Month October is a special month for cybersecurity enthusiasts.

Online 221
article thumbnail

Why Authentication And Real-Time Tracking Are Key To API Security

PYMNTS

The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. Ensuring such payments are secure from bad actors is a priority for the banks that process them. API security. Benefits Of APIs .

Security 151
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

The Flawed Mythology of The EMV CNP Explosion

Javelin Strategy & Research

A colleague of mine forwarded me an inbound email for an upcoming conference the other day titled “Chip Cards to Result in Massive Online Fraud”, asking where I stand on this, as if he didn’t know that this was effectively lighting the blue touch paper on a Roman Candle and running for cover.

Fraud 40
article thumbnail

EMV migration FAQs

Banking 2020

EMV cards have embedded microprocessors that make them much more secure than traditional magnetic stripe cards. EMV cards contain a microprocessor chip that securely holds information and performs cryptographic processing during a transaction. The key benefit of EMV is to reduce fraud from counterfeit, lost and stolen cards.

Fraud 40
article thumbnail

EMV migration myths: three lessons for the US market

Banking 2020

This has posed problems, not least the fact it’s the only country in the world where counterfeit card fraud losses are rising. Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away. Counterfeit fraud was cut by two-thirds in the years immediately after EMV rollout.

US 40
article thumbnail

EMV after 10 years: What have we learned?

NCR

The move to online retail, at the expense of the high street, has undoubtedly fuelled card payment growth. Perhaps the biggest shift has been in the fraud space. Mr Koch said: “Chip and PIN was introduced a decade ago to combat the rising levels of counterfeit and stolen card fraud in the UK. Contactless catalyst.

Fraud 40