PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. as part of a visa waiver program.

Security 110

Security Report National Millennials 110

PYMNTS

JULY 16, 2018

The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters , a private company, as well as its chief executive and part owner Bradley Hochstein. While Security Group said it disagreed with the CFPB, it agreed to pay the fine so that it could close the matter.

National 104

National Security Groups Company 104

PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. The arrest adds complications to an already tense situation between the two nations, who are locked in an ongoing trade war. Meng’s presentation was an act of fraud. In 2016, U.S. On Friday (Dec.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. Those countries have high-speed Internet, widespread Internet penetration and not a lot of security infrastructure in place We see a pattern among the attackers.

National 112

National United States New York Study 112

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. “We In the first eight months of 2016, there were 8,802 cases involving 26.4 billion yen ($252 million).

ATM 100

ATM Fraud Mobile Regional 100

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. KeyBank’s Costly Payroll Fraud Problem . A loss for KeyCorp – but by far not the weeks’ biggest, or most explosive case of fraud. Starting with. Bulgaria’s Big Breach .

Data 100

Data Security Fraud Indiana 100

PYMNTS

JANUARY 10, 2019

The auditors found that misused EU funds totaled 391 million euros or $451 million in 2017, in line with the past four years, but the EU’s anti-fraud investigative office OLAF was only able to indict EU member states in 45 percent of cases. The auditors warned that a lack of staff or funding may force it to rely on national authorities.

Fraud 141

Fraud National Regulation Report 141

PYMNTS

FEBRUARY 20, 2017

But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. Join us, along with innovator John Dancu, CEO of IDology, as we delve into the brave newish word of (ever more) secure transactions across the web. Turning a bit more inward, the 2016 U.S. interact across borders.

Fraud 102

Fraud Innovation US National 102

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

APRIL 25, 2016

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 purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. companies, reports said.

Fraud 100

Fraud Cards Lending Analysis 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

FICO

JUNE 19, 2018

Last week, the National Board for Customer Disputes in Sweden, after reviewing cases referred to them, have ruled that banks should be liable for so-called "push payment" fraud losses over a certain amount. Authorised push payment fraud , or APP fraud, is gaining in popularity in the criminal community.

Fraud 67

Fraud Payments ATM Regulation 67

NCR

JULY 28, 2017

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. .

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug. So reported Reuters on Wednesday (Aug.

Security 100

Security Software New York System 100

PYMNTS

MAY 1, 2017

The controversy over SWIFT’s security flaws, especially those tied to its messaging terminals, has been growing since 2016. A number of officials have spoken out against SWIFT’s lack of action in addressing these flaws and broader security concerns. At the time, the central bank was not using two-factor authentication measures.

Security 112

Security Fraud Resources Software 112

PYMNTS

NOVEMBER 10, 2019

Ukraine is coming to terms with international lenders to settle an aid agreement concerning the nationalization of Privatbank, the country’s largest lender, Bloomberg reported on Saturday (Nov. The relief solution comes as Ukraine promises to recover losses associated with the Privatbank’s nationalization. In other Ukraine news , U.S.

New Jersey 101

New Jersey Fraud National Groups 101

PYMNTS

SEPTEMBER 17, 2018

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. The scams netted an alleged $25 million from 2014 to 2016. “In He and an accomplice operated from Nigeria, targeting the U.S.,

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

DECEMBER 3, 2018

With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done by security breaches. For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017.

Virginia 184

Virginia Policies Security National 184

PYMNTS

NOVEMBER 5, 2019

Increased technology adoption brings along additional security concerns, however. Identity companies and third-party security providers are exploring several options to keep these methods secure, but many have been met with consumer skepticism. Developments From Around The Digital ID World. Its balance rose from only $1.01

Data 101

Data Fraud Security Trends 101

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. . But individual consumers aren’t the only victims of identity theft.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

JANUARY 28, 2019

citizen who was deported last year from Singapore over fraud and drug charges, reportedly posted the information online after gaining access to the registry from Ler Teck Siang, a doctor who had previously run the Ministry of Health’s National Public Health Unit. Farrera Brochez, a U.S.

Online 122

Online Data Fraud Report 122

PYMNTS

MARCH 12, 2018

Fraud experts warn it could be a business-shuttering mistake to assume an SMB is less susceptible to fraud than large enterprises. This week’s B2B Data Digest examines the data released in PwC’s latest report, “ Pulling fraud out of the shadows.”. Worse, according to PwC’s Marino, this figure may be misleading.

Fraud 135

Fraud Resources Survey Data 135

PYMNTS

APRIL 28, 2017

This according to the latest volume of the Internet Security Threat Report published today by software company and security product provider Symantec. To start, ransomware threats escalated globally through 2016 in size, number and kind. Its end users were also the most willing to pay. But it’s moved into doing more.

Security 157

Security Software National Report 157

PYMNTS

APRIL 27, 2017

This according to the latest volume of the Internet Security Threat Report published today by software company and security product provider Symantec. To start, ransomware threats escalated globally through 2016 in size, number and kind. Its end users were also the most willing to pay. But it’s moved into doing more.

US 124

US National Security United States 124

PYMNTS

MAY 6, 2016

In fact, his office announced that it has seen more than a 40 percent increase in data breach notifications involving New Yorkers alone in 2016, when compared to the same time period a year prior. 1, 2016, through May 2, 2016. I am committed to stemming the data breach tide. In 2015, the office received 809 data breach notices.

New York 100

New York Security Data National 100

PYMNTS

MARCH 22, 2016

Alexander, at PYMNTS’ Innovation Project 2016 last week at Harvard, gave a sobering reality check about the cybersecurity threats that could become an even scarier reality in the click of a button. One year later, in March 2016? And then there’s the current biggest concern on the payments docket: how fraud is shifting.

Fraud 100

Fraud Security Innovation Course 100

PYMNTS

MAY 9, 2016

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

Cyber Security 100

Cyber Security Survey Security National 100

PYMNTS

SEPTEMBER 26, 2018

In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information. Companies in California and throughout the nation are entrusted with customers’ valuable private information.

San Francisco 172

San Francisco District of Columbia Data California 172

NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. ” The fraud implications. . ” The fraud implications. The nuts and bolts of PSD2.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

MARCH 29, 2018

Conventional wisdom: Online fraud is becoming an increasingly serious threat, one that’s likely to get a lot worse before it gets any better. More than 160,000 cyberattacks were reported last year – more than double the rate recorded in 2016 – making 2017 the worst year on record. Fraud is a hot topic that consistently makes headlines.

Fraud 108

Fraud Compliance System Data 108

PYMNTS

NOVEMBER 21, 2016

The Telegraph noted Three said the National Crime Agency is looking into the hack and that three people were arrested. Meanwhile, Three said in a statement that, during the last four weeks, it has seen an increasing level of attempted handset fraud. As investigations are ongoing, no further information will be provided at this time.”.

Data 100

Data National Fraud Course 100

PYMNTS

JUNE 4, 2018

The combination of leaked National Security Agency (NSA) tools, plus state-sponsored capabilities, triggered a systemic event,” Mark Camillo, head of cyber for EMEA at AIG, said in a statement. researcher hadn’t quickly found and activated the kill switch.”. If users didn’t pay within that time frame, the ransom would double.

Data 109

Data National Bitcoin System 109

PYMNTS

JULY 1, 2019

Entities such as the National Payments Corporation of India — an umbrella organization for operating retail payments in India — have been helping to guide electronic payments adoption. However, more developed nations have been relatively constrained by legacy technologies and entrenched ways of conducting commerce.

Payments 130

Payments Mobile Security National 130

PYMNTS

AUGUST 10, 2017

The executive, using statistics from Hong Kong Police, told Reuters that the number of cybersecurity incident reports have jumped to 6,000 in 2016 from 1,500 back in 2009. Interpol had estimated at the time that more than 100,000 organizations across 150 nations had been hit by the cyberattack. billion in the same time period.

National 122

National Policies Groups Report 122

PYMNTS

MAY 9, 2017

After a beta launch in 2016, Mastercard polled users and discovered that 74 percent of respondents said biometrics like fingerprints or selfies were easier to use than typing in a password. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.

Mobile 137

Mobile Payments New York City Samsung 137

FICO

JULY 31, 2019

Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk. And follow me on Twitter @dougoclare. by Doug Clare.

Cyber Security 70

Cyber Security Management Security Risk Management 70