Remove 2016 Remove Cyber Security Remove Online Remove Operations
article thumbnail

EMV’s Online Fraud Attack Push

PYMNTS

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. Not only is online fraud threat growing, but also it’s hitting merchants right where it hurts by putting a greater risk on digital transactions.

Fraud 100
article thumbnail

Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. as they upgrade their online data and financial rules to support global digital banking innovations. The law is still ambiguous.

Insiders

Sign Up for our Newsletter

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

article thumbnail

BEC Run Out Of Detention Center Nets Millions

PYMNTS

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. He and an accomplice operated from Nigeria, targeting the U.S., The scams netted an alleged $25 million from 2014 to 2016. “In

Idaho 153
article thumbnail

Q3 Global Fraud Attack Index Data Deep-Dive

PYMNTS

To attend this live digital discussion on Thursday, October 13, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. online merchants and how that changes over time, and examines the types, sources and geography of fraud attacks. DIGITAL DISCUSSION PRESENTER. Michael Reitblat.

Fraud 100
article thumbnail

ESET Finds Malware That Could Target Power Supplies

PYMNTS

In a press release , the company said the malware was probably involved in the December 2016 cyberattack on Ukraine ’s power grid that prevented part of its capital, Kiev, from getting power for more than an hour. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. In February, U.S.

article thumbnail

FinDEVr APIntelligence

Fintech Labs Insights

Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub. Fiserv reports nearly 30 banks and CUs deployed its digital banking technology in 2016, taking the total number of FIs using its online banking solutions to 3,500. Follow FinDEVr on Twitter.

article thumbnail

Are you onboard with AI?

NCR

These innovations are already changing how the industry operates and how businesses engage with their customers, and are only set to become more important in the years to come. Royal Bank of Scotland will start using it for online communication from December 2016. AI also looks set to make its mark in the payments sector.