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Fraud Decisioning Adapts To Shifting Conditions

PYMNTS

Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. Some industries are more prone than others, as we discovered in the latest Fraud Decisioning Playbook , a PYMNTS and Simility collaboration.

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

PYMNTS

Byrne told CNN Business that the social media giant’s launch of its own digital currency validates the space — and Overstock would be open to partnering with Facebook on the project. Byrne predicted that security tokens will reduce friction in capital markets while also improving price discovery. I perpetrated a fraud.

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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

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ATM-style security can thwart social-driven account takeovers

Payments Source

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

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Top News In Payments: Facebook Expenses Rise 51 Pct; Goldman Targets $125B In Consumer Deposits

PYMNTS

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. FICO’s Take on Debit Security. As fraud evolves, old forms of cybersecurity are not enough to keep up criminals’ increasingly innovative attacks.

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How FIs Counter Online Debit And Credit Card Skimming

PYMNTS

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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Could stronger customer engagement help fight fraud?

NCR

There are many actions financial institutions can take to strengthen their defenses against fraud , such as equipping themselves with the latest machine learning and analytics solutions to identify threats before they have a major impact. However, it’s often said that the weakest link in the banking security chain is the customer.

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