PYMNTS

MARCH 1, 2019

If preventative measures aren’t taken, however, faster payments could open the door to more fraud and cyberattacks. Fraud opportunities. Rapid, irreversible payments limit the time FIs have to conduct fraud checks before clearing payments, increasing the risks of fraud and cyberattacks. Security strategies.

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PYMNTS

NOVEMBER 6, 2019

Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm , a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. Fraud Faces the Machine. What is Affirm?

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PYMNTS

MAY 12, 2017

speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. million in the U.S.

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Fraud ATM Google Study 128

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The Rise of CNP Fraud.

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PYMNTS

JUNE 7, 2019

Allied Wallet , an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped facilitate fraud and launder money, according to a report by the Financial Times. The relationship between the two entities lasted from 2013 to 2018.

Fraud 108

Fraud Regulation Report Company 108

PYMNTS

DECEMBER 11, 2020

As goes banking, so goes fraud. PYMNTS December 2020 AML/KYC Tracker® done in collaboration with Trulioo probes the heightened fraud climate accompanying the mobile-digital shift, zeroing in on key aspects of prevailing in the digital fraud wars. It has ever been thus.

cryptocurrency 219

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PYMNTS

MARCH 26, 2020

The company said it was looking into a “security incident” that involved unauthorized access with a third-party company. Threat Analyst Brett Callow, who works at a different security firm called Emsisoft, said the incident in question came from Maze, a ransomware group. Zack did not say anything beyond that.

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Security Data Groups Training 171

ZootBlog

NOVEMBER 23, 2015

There are more types of financial fraud to manage than ever before—debit and credit card, check, online banking, electronic, ACH—the list goes on. An example is cross-channel or multi-faceted fraud, where information is gained in one channel and used to commit fraud in another, making it even more challenging to combat.

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PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

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PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. They were shut down for violating unfair practice prohibitions.

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PYMNTS

JANUARY 6, 2017

It never takes long for cybercriminals to find new avenues to perpetrate fraud. Fraud On The Line. Criminals are now learning about potential targets and using their lack of security parameters to lull them into providing private information.”. government and has been looked into since 2013. Ad Fraud Takes Center Stage.

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PYMNTS

OCTOBER 17, 2019

TruTag offered no immediate comment, but news of the funding round comes not only amid an ongoing push to enable more online pharmaceutical sales and delivery, but also an increasing focus on the global problem of counterfeit goods. Just take the online marketplace industry as one example of that problem. percent in 2013.

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Fraud Innovation Technology Mobile 101

PYMNTS

OCTOBER 17, 2019

TruTag offered no immediate comment, but news of the funding round comes not only amid an ongoing push to enable more online pharmaceutical sales and delivery, but also an increasing focus on the global problem of counterfeit goods. Just take the online marketplace industry as one example of that problem. percent in 2013.

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

MARCH 23, 2018

While the defendants have not been arrested and are reportedly abroad, they face multiple charges, such as wire fraud and conspiracy to commit computer intrusions. financial sector, which barred online service through an overwhelming flow of traffic from multiple sources. Prosecutors said over 31 terabytes were stolen from 144 U.S.

New York 111

New York Fraud Data Online 111

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

FICO

SEPTEMBER 21, 2016

Online banking electronic payments fraud is on the rise, as fraudsters explore security gaps in the emerging banking channels. For instance, data released by Financial Fraud Action UK , shows that UK online banking fraud losses increased by 38% in 2014 from 2013, and by 64% in 2015 from 2014.

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Analytics Fraud Payments Retail 40

PYMNTS

APRIL 21, 2019

The Securities and Exchange Commission announced late last week that Prosper , the online lender, has agreed to pay a $3 million fine for misleading retail and other investors via statements it made. The SEC contends Mattes overstates revenue at Jumio in 2013 and 2014 and then sold shares he owned in the private, secondary market.

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Fintech Security Retail Online 123

PYMNTS

DECEMBER 3, 2018

In December of 2013, Target was breached. That breach cost then- CEO Gregg Steinhafel his job, and became the poster child for EMV and the need to lock down payment card security to protect against counterfeit fraud at the physical point of sale. What’s Relevant in Retail.

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Fraud Security Payments Cards 192

BankBazaar

DECEMBER 14, 2019

Financial transactions on BankBazaar have always been safe and secure. Since its inception, BankBazaar has consistently made efforts to create a robust, secure and glitch-free platform that will enable its users to carry out transactions and interactions seamlessly, minus the fear of losing crucial data and identity theft.

Security 78

Security Cards Compliance Data 78

Banking 2020

OCTOBER 9, 2015

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels. cents the year previously, and significantly higher than the less than one cent per $1,000 registered for cheque fraud. How can CNP fraud be prevented?

Fraud 40

Fraud Cards Security System 40

Javelin Strategy & Research

MAY 13, 2014

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

Fraud Cards Marketing Data 56

Banking 2020

DECEMBER 8, 2015

Mexico’s consumers are being hit by payment fraud losses, but they are prepared to do something about it. In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. Fraud rises. million cases of suspected fraud involving MXN 7.3 Tailored solutions.

Fraud 40

Fraud Cards Online Strategy 40

PYMNTS

AUGUST 8, 2018

The strategy focuses on social media support fraud, and saw a 38 percent increase quarter-over-quarter. The malicious link may bring a user to a seemingly legitimate online banking login page that steals credentials and other sensitive data. Bank Trojans with mining capabilities were first noticed in 2013.

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social media cryptocurrency Strategy Report 111

Fintech Labs Insights

APRIL 12, 2024

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.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

AUGUST 22, 2017

Stealing consumer phone numbers and using the access that comes with that to reset the entirety of a consumer’s online life. Then, once they control the phone number, they can use it to reset the passwords on every account where the phone is the security backup. “My

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cryptocurrency New York Bitcoin Online 126

PYMNTS

MARCH 25, 2016

In a press release posted on Thursday (March 24), the DOJ confirmed that the individuals were charged by a grand jury in the Southern District of New York and are accused with launching an extensive campaign of DDoS attacks against 46 victims between late 2011 and mid-2013. Through the work of our National Security Division, the FBI, and U.S.

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New York National Security Tools 100

PYMNTS

JUNE 15, 2018

Financing is done through online and web platforms, with instant access to cash. Beyond those individual partnerships, and in a nod to FinTech as helping to mitigate costs stemming from fraud – a finance group based in Asia said this week that new technologies should get a nod from regulators in the battle against money laundering.

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PYMNTS

AUGUST 1, 2018

Europol contended that the group has been operating since 2013 and has members in 40 countries around the globe. The attackers targeted around 100 financial institutions (FIs), sending malware-infected emails to bank employees to access their networks and servers to engage in the fraud. Asia and Europe.

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PYMNTS

MARCH 23, 2016

There are two criminal complaints that have been unsealed in Virginia against Peter Romar, Ahmad Umar Agha (known online as “The Pro”) and Firas Dardar (“The Shadow”). In reference to the other complaint, beginning in 2013, Dardar and Romar “engaged in multiple conspiracies” to hack online businesses based in the U.S.

social media 100

social media Virginia United States National 100

PYMNTS

AUGUST 16, 2016

Because the watchlists are in real time, financial services companies and financial institutions can meet compliance obligations and conduct checks against known or suspected entities and individuals who are associated with money laundering, terrorism, financial fraud, arms proliferation, drug trafficking or PEPs.

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PYMNTS

MAY 2, 2017

This marks the first time Facebook has integrated a physical hardware product into its online platform. Rimašauskas has since been charged with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft. billion in attempted wire fraud between October 2013 and May 2016.

social media 108

social media Google Fraud Video 108

PYMNTS

MARCH 22, 2016

He also pled guilty to one count of wire fraud. 2013 to May 2015, during a tenure of employment at the U.S. Ford pled guilty in December of last year to nine counts of cyberstalking, along with another seven counts of computer hacking to extort. He admitted that, in the timeframe of Jan.

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Georgia United States Video Fraud 100

PYMNTS

JUNE 7, 2016

The hack is believed to have taken place sometime between late 2012 and early 2013, but the hacker behind the breach is now selling a smaller subset of the database on a dark web marketplace for 1 bitcoin (a value of approximately $580). All users’ data mentioned in this database was changed compulsorily.

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social media Data Bitcoin Software 100

PYMNTS

FEBRUARY 7, 2020

Patreon launched in 2013 to fulfill this need, enabling “patrons” to pledge recurring monthly amounts of their choosing to support their favorite artists, many of whom promise additional content for those who donate above a certain threshold. percent service fees plus an additional $0.35 per pledge. Cleaning Out Money Launderers.

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San Francisco Video Taxes Software 141

PYMNTS

JANUARY 31, 2020

Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. FICO’s Take on Debit Security. Super Bowl Countdown Brings New Online Gambling Action. Kobe Bryant, who died on Sunday (Jan. 26), was a prominent businessman and left behind a legacy of strong mentoring and smart investing.

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Cards Technology social media Meeting 131

PYMNTS

AUGUST 29, 2016

26) they seized around €1 million earlier in 2016 in connection with a operation that was being run on an online dark market. In a report by CoinDesk , a representative of Finland’s customs office said the online drug site was named Valhalla, which has been in operation since Oct. Finland customs agents announced on Friday (Aug.

Online 101

Online National Operations California 101

Banking 2020

NOVEMBER 25, 2015

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

US Marketing Fraud Cards 40