PYMNTS

OCTOBER 11, 2018

Cyberattacks on banks have become seemingly inevitable, with banks and financial institutions (FIs) at risk of losing as much as $100 billion to online fraud every year. FIs hoping to win the fight against fraud are increasingly embracing new tools and technologies like machine learning (ML) and artificial intelligence (AI).

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Security Trends CA Apple 173

PYMNTS

OCTOBER 11, 2018

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

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PYMNTS

JANUARY 20, 2021

FIs must be prepared to support the pandemic-driven shift in consumers’ payment and spending behaviors while also keeping up with new security needs, Chris Tremont , executive vice president of virtual banking for Radius Bank , said in a recent PYMNTS interview. “As More Debit Payments, More Debit Fraud. is huge,” Tremont said.

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PYMNTS

OCTOBER 16, 2018

Apple, nearly a week after it emerged that some Apple IDs were stolen in China, apologized for the hacking, saying in a statement that it found “a small number of our users’ accounts” had been accessed via a phishing scam, reported The Wall Street Journal. Alipay , the mobile payment app, said on Wednesday (Oct.

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Apple social media California Report 115

PYMNTS

JANUARY 26, 2020

Google has announced that all paid commercial extensions have been temporarily suspended from being published or updated in the official Chrome Web Store due to fraud, ZDNet reported on Saturday (Jan. As a result, Google’s security team indefinitely suspended the extensions, which impacts all paid extensions.

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Google Fraud Apple Meeting 161

PYMNTS

JULY 5, 2018

Apple’s new iOS 12 includes a security code auto-fill feature that according to a researcher makes customers more susceptible to banking fraud. With two-factor authentication in common with online banking apps Gutmann argued users are more exposed to banking fraud.

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Fraud Apple Security Online 103

PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Apple Provides Temporary Access to Epic Games' Fortnite. Players of Fortnite can now log into the video game on Apple’s sign-in system following an almost two-week prohibition. Helping QSRs Fight Food Fraud.

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Fraud Apple California Innovation 141

PYMNTS

FEBRUARY 17, 2020

The travel industry may have seen exceptional growth in recent years, but the space has also toted the heavy baggage of rising fraud costs. Fraud could cost the market more than $25 billion this year, and approximately 20 percent of attempted travel-related transactions are confirmed to be fraudulent. No one used it,” he lamented. “It

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Security Tools Fraud System 141

PYMNTS

OCTOBER 11, 2018

FBI Director Christopher Wray had this to say about recent allegations that spy chips from China had been placed into servers owned by tech giants such as Apple and Amazon : “Be careful what you read.”. Apple never had any contact with the FBI or any other agency about such an incident.

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PYMNTS

OCTOBER 18, 2018

In the latest Digital Banking Tracker , PYMNTS examines how customer migration to mobile and digital offerings is creating security related challenges for banks big and small — and how financial institutions (FIs) around the space are working to solve them. How Banks Are Weaponizing Data To Fight Fraud. About the Tracker.

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Fraud social media Data Trends 178

PYMNTS

SEPTEMBER 10, 2019

Also, the new iPhones and the rest of Apple ’s fall lineup of devices will finally get their introduction when Tim Cook and company hit the stage today. What Apple Fans Are Expecting from Today’s iPhone Event. How FinTech Apps Can Ace Security. Stripe Expands European Presence. B2B Payments: Moving from Inertia to Ignition.

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PYMNTS

FEBRUARY 11, 2019

A German teen has found a vulnerability bug in macOS that exposes all passwords stored on the system, but he has decided not to give Apple any information about it, according to reports. Henze doesn’t want to tell Apple about the bug because of “lack of payment for such research.”

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Apple Security System Report 146

PYMNTS

DECEMBER 21, 2018

Apple ’s latest transparency report shows a rise in worldwide demands for data. Germany came out on top with 13,704 requests for data on 26,160 devices, which Apple said was mostly due to stolen devices. The increase can be attributed to China’s request for thousands of devices’ worth of data during one fraud investigation.

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Apple Data United States Report 128

PYMNTS

JULY 1, 2019

In payments fraud, it pays — literally — to change up the game a bit. The report shows the use of malicious emails, rather than attachments, is on the rise — which darkreading.com said comes along with new variants of impersonation fraud. Individual Fraud Cases, Here and Abroad. The data across a sample set of 1.3

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Fraud Report Minnesota Branding 154

Payments Source

AUGUST 8, 2019

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.

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Apple Cards Branding Technology 167

PYMNTS

JANUARY 17, 2020

Take the issue of retail security as one example. As the new PYMNTS Merchant Fraud Decisioning Playbook shows, fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. Retail Trust and AI.

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Retail Security Fraud Illinois 149

PYMNTS

JUNE 12, 2017

Digital security may just be a pipe dream that society will always be chasing. 31 billion | Amount of expected cyber security fraud losses outside of the consumer circle by the year 2020. 22 | Number of people arrested in China for stealing personal data of Apple customers.

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Security Cyber Security Data Apple 110

PYMNTS

DECEMBER 23, 2019

A 22-year-old Turkish man from London was convicted of attempting to blackmail Apple out of $75,000 in cryptocurrency or a thousand $100 iTunes gift cards by falsely claiming he had access to iCloud and other Apple accounts, various outlets reported on Monday (Dec. Immediately following the threat, Apple reached out to U.K.

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Payments Source

MARCH 25, 2019

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.

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Apple Cards Branding Technology 160

PYMNTS

DECEMBER 4, 2018

Coverage includes France’s Natixis Payments bringing Apple Pay to users of Apetiz at restaurants and retailers. France’s Natixis Payments is bringing Apple Pay to users of Apetiz for payments at affiliated restaurants and retailers, Natixis said in an announcement.

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Google Apple Payments Samsung 148

PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

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Industry Fraud social media Security 225

PYMNTS

DECEMBER 8, 2016

FreshBooks is the latest SME service provider to support Apple Pay for B2B payments. 7) that the cloud accounting platform can now support the use of Apple Pay for invoice payments, enabling users to settle bills without having to enter in card data. The company announced Wednesday (Dec.

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Apple Cards Fraud Tools 100

PYMNTS

MAY 25, 2016

Apple’s encryption battle against the FBI may have simmered down, but Apple is not backing down on further bolstering the security of its devices. The tech giant has rehired Jon Callas, a top security professional, who cofounded many secure communications companies, including Blackphone, PGP Corp.

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Apple Security Course System 100

PYMNTS

JANUARY 28, 2020

WhatsApp, which boasts end-to-end encryption and high-level security, disclosed 12 vulnerabilities in 2019, seven of which were described as critical, according to a report by the Financial Times. Rogers added that the data “strongly suggests” that WhatsApp hadn’t been taking security of the app very seriously.

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Security Conference Video Apple 130

PYMNTS

AUGUST 27, 2020

The news outlet cited a report from Night Lion Security , which looks into companies' vulnerable points. So, the fraud increased as well. Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg.

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Marketing Apple Video Fraud 289

PYMNTS

OCTOBER 4, 2019

This week’s coverage includes a deep dive into a big potential misstep for Apple, woes at Goldman’s Marcus, a new Visa expansion effort and a look at how Google Maps can predict the future of payments. Apple — Phone Home. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. Top Stories. Trackers and Reports .

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Fraud Google Apple Chicago 108

PYMNTS

JUNE 19, 2018

Fraud has no choice but to roll with the punches, and the flurries are enough to daze a boxer as skilled as Ali. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. This is the estimate of global card fraud losses by 2020. Pity the poor fraudster. Grab a piece of an ID and blam!

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Fraud Analytics Online Cards 138

PYMNTS

JANUARY 18, 2021

Decathlon faced its share of security and customer acceptance challenges when rolling out its QR code system as an alternative to cash payments. QR codes were instrumental in ensuring seamless contactless transactions, with customers scanning them and completing transactions with their stored payment cards, Apple Pay or Google Pay.

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Security Payments System Retail 209

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. The rule of thumb here is that after committing account takeover fraud, those fraudsters lie in wait before using the stolen account.

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Fraud Risk Management Customer Experience Trends 159

PYMNTS

MAY 17, 2016

Whether we like it or not, fraud and identity theft play a significant role in the payments ecosystem. last year it’s no surprise that card-not-present fraud is on the rise. last year it’s no surprise that card-not-present fraud is on the rise. Even new technologies such as Apple Pay aren’t necessarily safe.

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Fraud Payments Apple Technology 101

PYMNTS

MAY 28, 2019

Three Apple customers have sued the tech company over what they say are privacy violations, claiming that Apple allegedly shared their listening habits with third parties, according to reports. If they win, Apple would be compelled to pay damages to the plaintiffs.

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Apple Rhode Island Michigan Data 108

PYMNTS

APRIL 18, 2016

While Apple engineers don’t consider the U.S. Although the company may have won this round, recent updates to Apple’s security protocols and new roles within its corporate structure suggest that it may be building up a defense against future government requests, which Apple claims would put the privacy of all of its users at risk.

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Apple CA Security Regional 100

PYMNTS

AUGUST 16, 2019

A new Bluetooth security flaw was discovered that could leave users’ data unprotected and open to hackers, The Verge reported on Friday (Aug. The weakness was discovered by researchers who presented their findings at the USENIX Security Symposium. Bluetooth Low Energy is not affected.

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Security San Diego Data Illinois 121

PYMNTS

AUGUST 8, 2019

Tighter security and authentication methods for digital IDs are necessary to lessen the magnitude of these breaches, and hopefully stop them entirely. . Steps will need to be taken to mitigate these weaknesses if the digital ID industry wants to expand without the looming shadow of fraud. Selfies in the name of security.

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Security blockchain System Data 128

PYMNTS

MARCH 21, 2017

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). Business travelers are increasingly expecting the same convenience and security in their business transactions as they experience with their personal transactions,” said U.S.

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Apple Cards Mobile Samsung 100

PYMNTS

FEBRUARY 25, 2019

That reality was on display in payments and commerce this week as Apple attempted a reset in its leadership team, Etsy had to calm a legion of underpaid sellers and Lyft managed to pull out and toward the IPO finish line early in the race in 2019. Apple New Leadership Groove. Our first priority has been to correct the issue.

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Apple Data Leadership Report 122