Remove America Remove Fraud Remove Retail Remove Security
article thumbnail

SEC Issues Corporate Fraud Warning As BEC Scams Climb

PYMNTS

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S.

Fraud 242
article thumbnail

Security Firm Finds Flaws In Nautilus Cash Machines

PYMNTS

Researchers at New York-based Red Balloon Security identified two vulnerabilities in retail cash machines manufactured by Nautilus Hyosung America, the companies said in a joint press release on Monday (Nov. According to an estimate by Red Balloon Security, more than 80,000 machines are vulnerable. based in South Korea.

Security 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fraud And Risk: Surveillance Is Only Part Of Good Security

PYMNTS

Security isn’t just about catching the bad guys as they run away with store merchandise. Cameras can, however, play a big part in determining where strategies are needed and which ones will work for a particular retailer. And surveillance isn’t just about identifying bad guys after the fact.

Fraud 101
article thumbnail

When Retail Fraud Is An Inside Job

PYMNTS

When it comes to a retailer protecting its assets — digital and otherwise — the intrinsic assumption might be that the focus ought to look outward. But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. In a story posted yesterday (Feb.

Retail 100
article thumbnail

How Worldpay Fights Fraud

PYMNTS

The transition to the EMV chip in North America has been both a boon and a bit of a headache when it comes to payments security. 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.

Fraud 126
article thumbnail

Pay Via Selfie? Now Available In Latin America

PYMNTS

Canada and the Netherlands, as well as a larger launch in Europe this year, Mastercard is now unveiling Identity Check Mobile to Latin America. Smartphone penetration in Latin America was about 32 percent in 2014 and is expected to grow to nearly 70 percent by 2020. After fruitful trials in the U.S., and Europe.”. and Europe.”.

America 113
article thumbnail

How To Capture The Rising eCommerce Tide And Simultaneously Stem A Tidal Wave Of Fraud

PYMNTS

The challenge is two-fold for retailers in a post-pandemic world, Cohen said. What the last few months have demonstrated, he said, is an influx of retailers and sellers that have suddenly realized the need to be much more digitally present and enabled. They are very thoughtful, and they know all the tricks to getting away with fraud.

Fraud 151