PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 According to a report in The Hacker News , the fake clicks were used to trick online advertisers for years and make tens of millions of dollars as a result.

Google 128

Google Fraud Online Operations 128

Bank Innovation

SEPTEMBER 11, 2017

Fraud remains a significant problem for financial services to solve, especially as digital and online banking becomes more prevalent in the industry. For the average FI and online lender, approximately one-third of all monthly transactions will be fraudulent.

Online 199

Online Fraud Survey Industry 199

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

Chris Skinner

AUGUST 8, 2017

Things we’re reading today include … Santander blocked trans woman’s bank account because she ‘sounded like a man’ Why are Britain’s banks blaming customers for online banking fraud?

Fraud 164

Fraud Online 164

PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. In addition, the Financial Crimes Enforcement Network ( FinCEN ) has warned banks to look out for cryptocurrency-related fraud, with reports rising due to pandemic-related chaos in recent months.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. 86.1%: Percentage of online merchants who expect to see the same or more fraud and abuse attempts in 2017. . But of course, the large preponderance of fraud points to real concern. We must prepare for that inevitability.

Fraud 100

Fraud US Data System 100

Chris Skinner

JULY 26, 2017

The post Things worth reading: 27th July 2017 appeared first on Chris Skinner's blog.

Bitcoin 164

Bitcoin Lending Fraud Strategy 164

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. A layered FDP (Fraud Detection & Prevention) solution naturally helps directly preventing fraud, but it also offers major gains in terms of recovering potentially lost revenue through false positives.

Fraud 152

Fraud Study Retail Online 152

Bank Innovation

JULY 25, 2017

Customer fears about card security and fraud is increasing, but as it turns out, fewer consumers are actually experiencing that fraud. Only 23% of adults reported fraudulent card use in 2017, the survey of […].

Fraud 230

Fraud Cards Survey Security 230

PYMNTS

JULY 8, 2020

“In many cases, AI is fundamental to scaling and keeping up with the pace of the network transactions that are happening,” said Sudhir Jha , a Mastercard senior vice president and head of Brighterion , an AI company that Mastercard acquired in 2017. Fighting Fraud in a Post-Pandemic World.

Fraud 274

Fraud Management Risk Management Company 274

PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. In a new PYMNTS interview, Tricia Phillips, SVP of product at Kount , discussed the fraud trends for the upcoming fourth quarter. Fraud Headstart.

Fraud 145

Fraud Retail Online Course 145

PYMNTS

JUNE 14, 2019

Many of the headlines centered on payments fraud have focused on the damage done to smaller suppliers and vendors, especially in the U.K. But beyond the now-familiar conduits of fraud done across email or through fake invoices, some lures have come through ties with cryptocurrencies. The scheme took place over three years.

Fraud 128

Fraud Payments blockchain cryptocurrency 128

PYMNTS

JULY 1, 2019

Overall digital fraud increased by 13 percent in the past year, with the food and beverage industry seeing an increase of 60 percent – nearly four times above average. Mobile order-ahead fraud is so widespread and difficult to stop because it is conducted remotely. Chipotle denied any breach of its databases or systems.

Fraud 167

Fraud Mobile Cards social media 167

PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. It turns out that, for online retail last year, the “fraudliest day” was Dec. Thumbs Down On Rules Of Thumb?

Fraud 159

Fraud Risk Management Customer Experience Trends 159

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

Fraud 110

Fraud Security Retail Tools 110

PYMNTS

JANUARY 31, 2020

Another 2018 survey found that consumers of all ages showed growing interest for such cards, as customers’ preference for the payment method saw a 10 percent increase over 2017. These organizations need to fend off anything threatening, combatting both popular and emerging debit fraud attack methods. The Rise of CNP Fraud.

Fraud 148

Fraud ATM Cards Security 148

PYMNTS

APRIL 12, 2018

On the one hand, Worldpay ’s VP of Data Products Nicole Jass noted, EMV has done an awful lot to slam the door shut on card-present fraud. According to Visa, counterfeit fraud at U.S. chip-enabled merchants was down 66 percent in June of 2017 compared to June of 2015. Fighting Fraud by Finding the Good Instead of the Bad.

Fraud 126

Fraud Data System Security 126

PYMNTS

SEPTEMBER 19, 2019

Illicit and counterfeit goods make up a multibillion dollar fraudulent industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Online sales of such products are projected to reach $1.8 Fast Speeds, Smaller Packages and Online Counterfeiting.

Online 133

Online Fraud Report Payments 133

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. 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

Bobsguide

DECEMBER 22, 2016

Financial fraud is on the rise, and government agencies, law enforcement and the private sector seem unable to stop it. According to official figures released by Financial Fraud Action UK, more than 1 million incidents of financial fraud – payment fraud, online banking and check fraud.

Fraud 60

Fraud Online Payments 60

Let's Talk Payments

MARCH 11, 2017

March, 2017 – International payment processor, Maxpay, announced the launch of their fraud prevention solution Covery. Covery helps merchants to protect their online business from various types of fraud and.

Fraud 94

Fraud Online Payments US 94

Payments Dive

SEPTEMBER 25, 2018

Online fraud is becoming more and more sophisticated. One of the results of this arms race is the recent surge in ATO – account takeover – attacks, a form of fraud which is particularly difficult to detect. In 2017, ATO led to $5.1 billion in losses, a staggering 122% increase over the $2.3 billion lost in 2016.

Branding 170

Branding Fraud Online 170

The Paypers

JUNE 22, 2017

(The Paypers) The eCommerce Action 2017 resulted in the arrest of 76 professional fraudsters and members of internet based criminal networks suspected of online fraud activities.

Fraud 28

Fraud Online 28

PYMNTS

JUNE 16, 2019

A report from the Government Accountability Office ( GAO ) said several government departments still rely on the three major credit agencies — Equifax, Experian and TransUnion — to verify a person’s identity before they can access their services online. Agencies like the U.S.

Knowledge Base 108

Knowledge Base Online United States Fraud 108

PYMNTS

OCTOBER 30, 2017

What’s more, the report quoted Ji as saying that China is aiming to enhance its regulations for all online financing businesses, and that all of the financing activity should at the very least be subjected to a basic amount of oversight. The government official reportedly said the regulation has already seen some successes.

Online 100

Online Bitcoin Regulation cryptocurrency 100

PYMNTS

SEPTEMBER 8, 2019

The server held the resumes of job applicants spanning 2014 and 2017, and included private information such as phone numbers, home addresses, email addresses and prior work experience. While there’s no set number on how many users were affected, one folder from May 2017 contained thousands of resumes.

Online 184

Online United States Security Data 184

PYMNTS

DECEMBER 12, 2019

From August 2017 to April 2018, Eyal and his company allegedly conducted a fraudulent unregistered securities offering by selling Shopin Tokens in an ICO. . Shopin planned to use the funds to compile profiles on shoppers that would be maintained on the blockchain and track purchase histories across online retailers.

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I percent in Q1 2017. Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business.

Fraud 109

Fraud Data Delaware New York City 109

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. Banc de Binary, which was closed in 2017 by U.S.

Fraud 108

Fraud Regulation Report Company 108

PYMNTS

FEBRUARY 2, 2017

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. According to the research, during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud.

Fraud 100

Fraud Strategy Cards Security 100

PYMNTS

FEBRUARY 21, 2020

Vendors looking to appeal to these corporate buyers’ shopping preferences and expectations must therefore ready online sales channels like merchant websites and B2B marketplaces. trillion by 2020, but new sales channels also invite emerging fraud forms. The Sizable Online Fraud Threat. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

JUNE 14, 2019

The good news in the world of fighting fraud and cybercrime is that, by the numbers, the battle against the thieves has shown to be tipping toward the white hats. As GIACT EVP David Barnhardt noted in a recent conversation with Karen Webster, overall fraud dropped 15 percent between 2017 and 2018.

Fraud 100

Fraud Industry System Lending 100

Payments Source

NOVEMBER 29, 2017

With the holiday shopping season, there is an inevitable dark side — an increase in transactions means an increase in fraud. This is to some extent the cost of doing business; fraud will always be a percentage of overall transaction volume.

Fraud 62

Fraud Data Online Security 62

PYMNTS

DECEMBER 8, 2020

That’s more than double the rate from a year ago, and marks a nearly fivefold increase in this type of fraud since 2017. People currently shopping for pets online are prime targets for fraudsters trolling the internet looking for want-to-be pet owners. Corey, BBB St. Louis president and CEO. Paying For Pups.

St. Louis 275

St. Louis Fraud social media Video 275

PYMNTS

APRIL 2, 2020

On Thursday (April 2), Bottomline Technologies announced it will offer lenders a simplified Small Business Administration (SBA) loan application platform to originate credit online under the “Paycheck Protection Program.”. In the same study conducted in 2017, only 40 percent of companies reported cases of malfeasance.

New Hampshire 232

New Hampshire Fraud Georgia Survey 232

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.

Fraud 128

Fraud ATM Google Study 128

FICO

MARCH 7, 2018

ATMs and merchants in 2017. On the face of it, there’s nothing to celebrate in this ATM fraud data from our FICO ® Card Alert Service , which monitors hundreds of thousands of ATMs and other readers in the US. But the growth curve in ATM fraud is flattening out. Protecting Customers from ATM Fraud. The post U.S.

ATM 45

ATM Fraud Cards Tools 45