SWBC's LenderHub

JANUARY 26, 2017

However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard. Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet.

Industry 60

Industry Security Cards Data 60

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. The hack could hurt Marriott’s reputation at a time when it’s fighting off the likes of Airbnb.

Cyber Security 122

Cyber Security Security Cards Resources 122

PYMNTS

JANUARY 7, 2020

The gang demanded $6 million in ransom in exchange for not releasing sensitive information regarding Travelex customers, including birth dates and credit card numbers. Discovered on New Year’s Eve, the cyberattack is now the focus of a criminal investigation, led by the Metropolitan Police.

Cyber Security 130

Cyber Security Online Retail National 130

Payments Source

MAY 29, 2018

A direct correlation between the chip migration and rampant merchant data breaches is hard to prove. But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches.

Data 67

Data Compliance Security Retail 67

Banking 2020

SEPTEMBER 10, 2015

Or worse, hackers have stolen customer data and are threatening to release it. MarketWatch reported that in April 2015, cyber attackers threatened more than 100 financial firms with DDoS extortion. 63 percent of all reported data breaches in the last 12 months originated with a keylogger. Talk about a bad Monday.

Cyber Security 40

Cyber Security Security Fraud Software 40

Qudos Bank

FEBRUARY 15, 2024

These include: real-time transaction alerts, cyber security practices such as firewalls automatic time-outs and access codes for extra layers of protection. Additionally, your savings are more accessible through online banking options and transaction cards, whenever and wherever you are. link] Australian Banking Association.

Cyber Security 52

Cyber Security Fraud Security Online 52

PYMNTS

DECEMBER 6, 2018

Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. As Plesco pointed out, criminals have managed to steal credit bureau data, giving fraudsters an in when it comes to such theft. All of our clients are moving toward that.”.

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

SEPTEMBER 17, 2018

As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. As many as 70 percent of attacks set their sights on small businesses, said the data. ” The Larger Trends.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

Payments Source

APRIL 13, 2018

Whether the threat stems from technology or human nature, fraudsters are exploiting any opening they can.

Data 64

Data Cards Payments Technology 64

PYMNTS

NOVEMBER 2, 2016

is a particular target for data breaches that involve compromised employee account data. government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel.

Cyber Security 100

Cyber Security social media Security Survey 100

FICO

DECEMBER 12, 2022

However, in terms of artificial intelligence (AI) and analytics, 2022 has been a great year for FICO, my data science team, and AI innovation in general. This patented technology can provide insight in investigating payment card fraud, detecting cyber security threats, credit risk, and identifying money laundering activities. .

Analytics 52

Analytics San Diego Fraud Cyber Security 52

Payments Source

JULY 30, 2019

Though involving an eye-popping 106 million credit card applicants' information, Capital One's breach was also unusual in a number of ways, including that it was quickly caught via a responsible disclosure program run by the bank.

Capital 68

Capital Data Cards Cyber Security 68

PYMNTS

NOVEMBER 3, 2017

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. 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.

Trends 125

Trends Apple Cyber Security Analysis 125

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But let’s get some macro data out there, before thinking more deeply about the issue.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But let’s get some macro data out there, before thinking more deeply about the issue.

Data 40

Data Security System US 40

American Banker

AUGUST 19, 2016

Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half months of 2016.

Cards 28

Cards Data Cyber Security Security 28

Qudos Bank

MAY 11, 2023

These include: real-time transaction alerts, cyber security practices such as firewalls automatic time-outs and access codes for extra layers of protection. Additionally, your savings are more accessible through online banking options and transaction cards, whenever and wherever you are. link] Australian Banking Association.

Cyber Security 40

Cyber Security Fraud Security Online 40

Payments Source

APRIL 20, 2018

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.

Atlanta 62

Atlanta Data Cyber Security Georgia 62

PYMNTS

SEPTEMBER 22, 2017

The National Bank of Canada, the sixth largest lender in Canada, has become the latest high-profile firm to announce a data breach. Reuters reported people may have been able to see other customers’ data when filling out an electronic form on the bank’s website.

National 123

National Security Data Software 123

PYMNTS

DECEMBER 16, 2016

By boosting the Fed funds rate for the first time in a year, all sorts of attendant interest rates are going to be on the upswing, from mortgage rates to auto loans to — well — vanilla, standard loans and credit card rates. Project data was taken from engineering and other divisions. But better act fast. FIZZLE of the Week: Yahoo .

Data 100

Data Security Cyber Security Retail 100

American Banker

SEPTEMBER 23, 2016

Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.

Data 28

Data Cards Cyber Security Security 28

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. This gives attackers a quicker way to obtain credentials, banking and credit card information.

Cyber Security 40

Cyber Security Study Survey Security 40

PYMNTS

AUGUST 23, 2017

Recent research by San Francisco-based cyber security company RiskIQ , aggregated in the company’s 2017 State of Enterprise Digital Defense Report , shows 68 percent of corporate decision-makers have little to no confidence in this area. A hacker could create an identical page and use it to harvest the sensitive data.

Mobile 102

Mobile San Francisco Tools Security 102

FICO

JANUARY 30, 2017

I talked about using the FICO fraud data consortium to determine when data shifts can invalidate the models and, more menacing, when these shifts reveal subtle new fraud patterns that can indicate the work of fraudsters and cyber criminals, who know how to go “low and slow” to evade detection. IoT is the new Wild West.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

American Banker

MAY 23, 2016

Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

Security 43

Security Retail Data Groups 43

FICO

DECEMBER 18, 2017

In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. Taking both ends of the spectrum into account, my cybersecurity predictions for 2018 involve cyber scores, 2FA and bio hacks. Sure, it’s difficult.

Cyber Security 73

Cyber Security Security Data Resources 73

FICO

FEBRUARY 2, 2017

Your fitness wearable times your run, tracks your progress, and calculates your distance based on location, which is great—until that information, stolen during a data breach, ends up in the hands of a cyber stalker. We are most familiar with the risks associated with stolen financial data.

Cyber Security 40

Cyber Security Security Data Fraud 40

PYMNTS

AUGUST 12, 2016

This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments. Barcode-Based Mobile Payments.

Lending 100

Lending Apple Cards Study 100

Gonzobanker

NOVEMBER 17, 2016

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless?

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

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. There are so many different types of cyber attacks and they are dynamically changing every day. billion by 2020.

Fraud 45

Fraud Cyber Security social media Analytics 45

NCR

DECEMBER 2, 2016

Ajay Bhalla, president of enterprise risk and security at Mastercard, said: “We are relentlessly focused on making the online payment experience near frictionless, without making any compromises on safety and security. This is a significant milestone in the evolution of payments. ” Staying ahead of evolving threats.

Security 40

Security Payments Cyber Security Regulation 40

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Power at scale: Enhancing fraud, compliance and cyber security defenses . what they don't do, but might in the future.

Analytics 49

Analytics Fraud Compliance Comparison 49

American Banker

MAY 24, 2016

Everyone agrees that electronic transactions should be as safe as possible, but a PIN mandate will not prevent online or mobile fraud.

Cards 52

Cards Fraud Mobile Online 52

Payments Source

MARCH 21, 2018

Robert Selander was named an independent director of the embattled credit bureau, which is still trying to regain public confidence after a huge data breach last year.

Data 69

Data Cyber Security Cards Security 69

NCR

DECEMBER 7, 2016

Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’ It is concerned with the development of programs that can teach themselves to grow and respond to new data. Royal Bank of Scotland will start using it for online communication from December 2016.

Innovation 40

Innovation Cyber Security Fraud Industry 40

PYMNTS

JULY 29, 2019

The data was reported in the July 2019 Financial Trend Analysis report. And the data shows that between July 2018 and June 2019, roughly 6,000 organizations were targeted each month. The report noted that the purchase card program logged 7.1 The report noted that the purchase card program logged 7.1 billion. billion.

Fraud 138

Fraud Cyber Security Cards Report 138

Cisco

JUNE 7, 2019

While the days of the good ol’ “stickup” bank robbery, cybersecurity threats are rapidly growing in number and complexity, and even the most advanced security teams scramble to keep up. After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. Damage control is all that remains.

Fraud 63

Fraud Retail San Diego Cyber Security 63