PYMNTS

MARCH 2, 2016

For the last couple of years, cybersecurity has stood out as one of the strongest segments of the tech sector, but some new reports show the market may be cooling down in 2016. percent spike in growth compared to 2014. billion , representing a 4.7

Marketing 100

Marketing Security Report Company 100

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. The shift to e-commerce CNP fraud.

Fraud 84

Fraud Cards Security US 84

PYMNTS

JUNE 26, 2017

According to an investigation by Reuters , Russian authorities have been asking tech companies from the West to let them review source code for security products, including firewalls, anti-virus apps and software including encryption, before letting the products be sold in Russia. Several U.S.

Company 109

Company Marketing US Security 109

PYMNTS

FEBRUARY 24, 2016

Western Union is being questioned by the European Union’s antitrust regulators in relation to allegations that it conspired with banks to push its rivals out of the money-transfer market. World Bank research indicates that the global remittances market is expected to be a $441 billion market.

Marketing 100

Marketing Fraud Regulation Company 100

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Visa has crossed a key milestone — 1 billion tokens issued since the company released the first one in 2014.

Payments 159

Payments Survey Innovation Fraud 159

PYMNTS

DECEMBER 17, 2018

As far as security is concerned, the roughly 61 percent of firms said that they had “basic controls” in place to contend with data breaches, with 50 percent of firms stating that they have plans in place to notify supervisors in the event of such breaches. Push Payments Fraud in the Crosshairs. The verdict?

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Report Fraud Compliance Apple 167

PYMNTS

APRIL 25, 2016

The market saw its first tech IPO, an SME cybersecurity company, and we have the details on how much it raised. Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. billion worth of the industry in 2014.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. BEC, the acronym for business email compromise scams, is getting its share of attention.

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Washington Fraud Security Report 122

PYMNTS

DECEMBER 15, 2019

Workers in the bank’s foreign exchange team allegedly brought tens of millions of pounds to the bank by rigging exchange rates between 2010 and 2014. We identified and addressed the source of the incorrect exchange rates in 2014, and put in place additional checks and controls to prevent this happening again.

Fintech 130

Fintech Security Company Payments 130

FICO

OCTOBER 12, 2016

Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015. jumped 174% from January-April 2014 to January-April 2015, while successful attacks at nonbank machines increased by 317%, as reported in the Wall Street Journal. What else can we do?

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ATM Fraud US Cards 40

PYMNTS

FEBRUARY 16, 2018

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Wire fraud is punishable by up to 20 years in prison,” the department said in the release. “If 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing.

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Chicago Bitcoin cryptocurrency Fraud 102

PYMNTS

MARCH 15, 2019

The Hong Kong Securities and Futures Commission has issued its largest-ever fine, which landed on international investment banks for what the watchdog found to be failings in their initial public offering sponsorship roles. An accounting fraud scandal led to a delisting of the firm, however, and its eventual liquidation.

America 100

America Regulation Fraud Security 100

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

PYMNTS

JUNE 5, 2019

According to a report from Quartz , “over the past seven years, a New York City-based fraud ring allegedly stole more than $19 million worth of iPhones by posing as cell phone subscribers to get new devices at little or no cost. But cryptos have done a great job of acting as conduits to all sorts of fraud. Targeting Dead People.

cryptocurrency 132

cryptocurrency Fraud New York City social media 132

PYMNTS

JANUARY 9, 2019

The pension fund wants a class-action status on the lawsuit and damages for participants in Danske’s American depositary shares from early 2014 to late 2018. The lawsuit said that the market value of Danske’s American depositary receipts (ADRs) dropped by $2.54 Reuters reported that on Wednesday (Jan. District Court.

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US New York United States Course 134

PYMNTS

DECEMBER 30, 2016

Smartphone penetration in Latin America was about 32 percent in 2014 and is expected to grow to nearly 70 percent by 2020. Mastercard recently released that Brazil and Mexico are the two largest online retail markets in the region, creating more than half of the total sales. We find ourselves before a milestone in payments’ evolution.

America 113

America Regional Mobile Security 113

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.

Fintech 123

Fintech Security Retail Online 123

PYMNTS

OCTOBER 10, 2018

But just as it was a disruptive force when it emerged in the mid-19th century, today the wire has secured a bit of attention as players like SWIFT move to promote faster, more efficient cross-border transfers. since 2014 for B2B transactions, but the rail accounts for a mere 8 percent of B2B transactions — and that’s combined with cash.

Fraud 116

Fraud Compliance Innovation Payments 116

PYMNTS

AUGUST 12, 2019

News came last week that Facebook is trying to get into the video streaming subscription business and attempt to steal market share from YouTube and Amazon. What Security Means For Subscriptions. Considering a company could have thousands — or even millions — of subscribers, this volume of credit cards could become a target for fraud.

Retail 118

Retail Video Security Software 118

PYMNTS

JUNE 1, 2017

Sophisticated government spying tools are spreading like wildfire in the underground criminal market. Symantec Security, a leading security research firm, raised this concern in a recent blog post. Surprisingly, the hacker flew under the watchful radar of security analysts for years.

Tools 116

Tools Security National Groups 116

PYMNTS

MAY 8, 2019

Marcus first joined Facebook in 2014 as the head of Messenger, and he led early attempts at monetization within the app. Marcus hired marketing leader Christina Smedley as vice president of global brand and communications, and she will play a big role in the eventual packaging of the final product.

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blockchain social media Groups cryptocurrency 141

PYMNTS

MARCH 1, 2017

There’s a war going on in the digital world, one that most consumers are unaware of, despite the impact it could have on their money and their privacy — a battle between fraudsters and security providers over account takeovers. Grant also recommended that companies consider security when building their mobile and smartphone strategy.

Fraud 100

Fraud Mobile Security Tools 100

PYMNTS

JANUARY 10, 2018

Enterprise blockchain company Money By Design is planning an initial coin offering (ICO) and hopes to secure more than $350 million through the deal. The company also plans to leverage its solution for the financial services market. billion from ICOs since the beginning of 2014, citing data from Token Data.

blockchain 137

blockchain Fraud Data Regulation 137

PYMNTS

FEBRUARY 6, 2017

Who needs real identity data when you can commit just as much fraud (and commit it successfully) with the fake stuff? PP: Fraud is constantly evolving and changing. Businesses need a fraud prevention solution set that can evolve and change as fast as — if not faster — than the fraudsters. Here is an excerpt of the conversation.

Fraud 100

Fraud Industry Cards Security 100

PYMNTS

DECEMBER 31, 2018

For example, Marriott , Facebook and a database marketing firm by the name of Exactis exposed the records of roughly 300 million people. We have a major security effort at the company that hardens all of our surfaces.”. about a potential data security incident. There were a few noteworthy headliners.

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Data Security Tools Cards 230

PYMNTS

JUNE 16, 2018

The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

FEBRUARY 16, 2018

and international citizens, including passports, driver’s licenses and security identification. The potentially compromised data had been stored on an Amazon S3 storage service and was collected by Bongo International, which FedEx had acquired in 2014. Bongo, which added up international shipping prices, was terminated by the company.

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Data Los Angeles Security Examples 129

PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. It found that just 2 percent of respondents offered payroll cards in 2014 but that this figure had risen to 28.5

System 165

System Management Tools Cards 165

PYMNTS

SEPTEMBER 28, 2016

The FTC and the states of Illinois and Ohio said they secured the consumer redress as part of a settlement of charges against One Technologies in Jan. According to the FTC, the defendants marketed their credit monitoring programs, MyCreditHealth and ScoreSense, through at least 50 websites, including FreeScore360.com,

Illinois 100

Illinois Ohio Online Fraud 100

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

Cards 109

Cards Fraud Regional Training 109

PYMNTS

NOVEMBER 25, 2019

A 2014 breach at Marriott, for example, cost the chain over $100 million before fines were levied under EU rules. Insurance companies are eyeing the cyber market as “a rare opportunity for growth.” The company’s insurance policies have paid out $102 million. NotPetya was a huge trigger for buying outside the U.S.

Data 167

Data Industry Analytics Policies 167

PYMNTS

OCTOBER 10, 2017

Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas. percent between 2014 and 2014 representing the highest growth in a decade, researchers said. The 2017 report , released Monday (Oct.

Payments 124

Payments Regional America Trends 124

PYMNTS

OCTOBER 26, 2016

Reuters noted security researchers discovered the webcams had been targeted in the attack which brought down major websites, including Twitter and Spotify, for some time last week. According to a report by Reuters , the recall could include up to 10,000 of the devices that were compromised. The report noted the attack on Friday (Oct.

US 100

US Security Industry Report 100

PYMNTS

MARCH 14, 2016

Payment fraud evolves in ways that are truly frightening — and with haste. Fraudsters are continually scrambling to keep up with, and have one foot in front of, technology, with recent stumbling blocks in the form of EMV, in the United States, likely to give rise to greater card-not-present fraud.

Fraud 100

Fraud Analytics United States Big Data 100

Javelin Strategy & Research

JUNE 2, 2015

As we discussed in MasterCard’s Security Matters , conventional wisdom indicates that card not present fraud will skyrocket as the United States shifts to EMV over the course of the next few years. Typically, this analysis is accompanied by analogies to balloons – as one end of the fraud “balloon” is squeezed, the rest expands.

Fraud 40

Fraud Cards United States US 40