The Paypers

NOVEMBER 26, 2020

Identity Verification-as-a-Service solutions provider IDnow has published the latest figures on changes in fraud methods within the digital environment in its Cyber Security Report 2020.

Cyber Security 31

Cyber Security Fraud Report Security 31

SWBC's LenderHub

JULY 2, 2020

As the industry and consumers are adjusting to a new normal after the global spread of COVID-19, fraudsters are changing their schemes to prey on the heightened anxieties that people are experiencing during these uncertain times. In this blog post, we'll be revisiting four fraud trends that are impacting consumers and financial institutions.

Trends 146

Trends Fraud Industry Cyber Security 146

FICO

APRIL 17, 2020

A number of new insurance carriers including; Volante Global, Tarian Underwriting Limited, and RLI Insurance Company, have joined a growing number of global insurance carriers currently leveraging the industry leading FICO® Cyber Risk Score for underwriting, portfolio management, risk aggregation, modeling and pricing.

Cyber Security 52

Cyber Security Industry Management Security 52

Qudos Bank

DECEMBER 9, 2021

In fact, during 2020, 216,084 scams were reported to Scamwatch - an increase from 167,000 in 2019 1. Most cybercrimes can be reported through the Australian Cyber Security Centre’s Report Cyber service. Unfortunately, scams and financial fraud are becoming more and more common each year. 1 [link]. . .

Cyber Security 40

Cyber Security Fraud Security Report 40

PYMNTS

NOVEMBER 3, 2017

The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure. The Department of Homeland Security observes October as National Cyber Security Awareness Month.

Trends 125

Trends Apple Cyber Security Analysis 125

PYMNTS

JULY 25, 2016

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. Credit card companies that want to set up shop in China have to follow the country’s national and cybersecurity rules and law.

Cyber Security 100

Cyber Security Payments Cards Marketing 100

FICO

SEPTEMBER 18, 2020

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

American Banker

DECEMBER 29, 2020

Fallout from the coronavirus pandemic consumed the industry this year, but other events, including a scandal at the National Credit Union Administration and a credit union under fire for lack of board diversity, also made waves.

National 41

National Industry Cyber Security Security 41

FICO

DECEMBER 15, 2022

As scams grow worldwide – scams grew by 30% in two years in the UK and by 18% from 2020 to 2021 in the US – financial services institutions are looking for new tools to detect and stop them. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

Banking 2020

NOVEMBER 8, 2015

This change is aimed at promoting innovation and low cost electronic payment solutions while ensuring that security and data protection are not compromised,” said the European Payments Council. A big perceived threat around these changes is security. Banks are worried about access to their systems, but perhaps need to do more.

Cyber Security 40

Cyber Security Payments Security Regulation 40

NCR

JUNE 21, 2017

Leading up to 2020, radically transformed bank models will emerge. Therefore, it’s vital that every bank is able to evaluate what works and which factors may be less relevant to their own environment, in order to develop a strategy that focuses on the right areas and delivers maximum value.

Strategy 88

Strategy Cyber Security Technology Retail 88

William Mills

DECEMBER 21, 2017

The fact is that because financial institutions hold valuable consumer data, such as credit card and social security numbers, they are simply more likely to be the target of a cybersecurity attack. As technology continues to change and evolve, cybersecurity tactics are evolving as well.

Cyber Security 40

Cyber Security Study Survey Security 40

NCR

JUNE 23, 2017

Banks are under cyber attack every day and although this sector has made great strides, their ability to detect a breach and take immediate action is still a work in progress. billion by 2020. Online fraud is one of the biggest challenges for the financial community.

Fraud 45

Fraud Cyber Security social media Analytics 45

PYMNTS

NOVEMBER 13, 2017

But that is changing as more consumers in the region are embracing digital methods and purchase channels, and the payments industry is pegged to grow ten-fold to $500 billion by 2020. With that in mind, the competitors are lining up: Amazon , Apple and Google are all pushing to enter India’s growing and expanding market.

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

PYMNTS

JUNE 12, 2017

With total fraud losses outside of consumer losses expected to reach $31 billion by 2020, it’s no wonder payments provider TSYS partnered up with adaptive analytics and real-time learning platform provider Fearturespace for a new venture into the fraud prevention and cybersecurity space.

Fraud 100

Fraud Analytics Operations Tools 100

FICO

OCTOBER 26, 2022

As I wrote in my 2020 AI predictions blog : AI advocacy groups will fight back … Already there is all manner of ways that people are treated unfairly in our society, with advocacy groups to match. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

Handbook 52

Handbook Analytics San Diego Regulation 52

FICO

AUGUST 8, 2022

Follow me on LinkedIn and on Twitter @ScottZoldi , and check out my past AI predictions blogs for 2021 , 2020 , 2019 , 2018 and 2017. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks. Scott received his Ph.D.

Data 96

Data Analytics San Diego Alaska 96

Banking 2020

NOVEMBER 24, 2015

The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9 Failing to tackle fraud has important implications for customer satisfaction and loyalty – with cyber security breaches happening frequently, consumers are very aware of the threats posed by criminals.

Fraud 40

Fraud Cards Cyber Security System 40

Banking 2020

MAY 14, 2015

The risks that come with not having an application strategy could also spell trouble as cyber security concerns rise. Identifying and removing valueless assets can help banks drive business and fortify cyber security. The C-suite should regard IT as a strategic business partner, but it simply is not there yet.

Cyber Security 40

Cyber Security Software Study Industry 40

American Banker

JUNE 22, 2020

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

Company 98

Company Cyber Security Banking 2020 Digital Banking 98

American Banker

MAY 26, 2020

Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients. Here’s how banks can guard against that.

Technology 85

Technology Company Cyber Security Banking 2020 85

American Banker

JULY 22, 2020

The IBM-BNP collaboration and other new developments show that high-profile breaches haven't deterred banks from using the cloud to store data.

Data 75

Data Cyber Security Banking 2020 Digital Banking 75

Cisco

OCTOBER 26, 2020

Today’s Security Environment. At the same time, customer confidence and trust on financial services firms will be put to the test as sophisticated cyber-attacks continue to target the firm’s digital products and services infrastructures as well as remote workers. 1) Secure by Design. Look for a Long-Term Solution.

Industry 119

Industry Security Policies Cyber Security 119

American Banker

JUNE 11, 2020

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

Digital Banking 64

Digital Banking Mobile How To Cyber Security 64

American Banker

JUNE 22, 2020

In a new twist on an old scam, cybercriminals have tried to get thousands of Wells staffers to surrender their own account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

Company 45

Company Cyber Security Banking 2020 Digital Banking 45

American Banker

JUNE 15, 2020

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

Arkansas 41

Arkansas Massachusetts Maine Fraud 41

FICO

JULY 28, 2020

The value of cyber risk scores is clear; however, insurance carriers must think carefully when choosing a scoring service provider. The most recent ABC score, for the first half of 2020, is 694. For more insights, join the upcoming US Chamber of Commerce Virtual Cyber Series. by Doug Clare.

Marketing 69

Marketing Cyber Security Policies Comparison 69

Gonzobanker

DECEMBER 22, 2015

FFIEC’s Cyber Security Self-Assessment Tool. “We teach you to make sure you use our system in a manner that doesn’t open any security loopholes.” Tie: Money 2020. One internal memo acknowledges the weaknesses in the bureau’s methodology and admits to the litigation risks in its case against Ally.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

NOVEMBER 11, 2016

The National Cyber Security Centre (NCSC) in the U.K. The report noted that smaller banks are more of an attractive target than their larger brethren because they don’t have the security in place like the bigger guys, making it easier for hackers to penetrate their networks. The NCSC, along with the U.K.’s

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173