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.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 63

Fraud Retail San Diego Cyber Security 63

NCR

DECEMBER 7, 2016

These innovations are already changing how the industry operates and how businesses engage with their customers, and are only set to become more important in the years to come. Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’ ” Fighting fraud with machine learning.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 48

Fraud Retail San Diego Cyber Security 48

PYMNTS

JULY 29, 2019

Business E-mail Compromise (BEC) fraud has been gaining ground and growing in terms of number of incidences, according to a recent report. Those verticals attract fraudsters due to their lengthy and global supply chains, which offers some fertile ground for impersonation and fraud. In Australia, BEC Hits Hard. billion. billion.

Fraud 138

Fraud Cyber Security Cards Report 138

NCR

MAY 3, 2016

Securing the Vault. While bank IT teams have made strides to protect customer data and limit credit card fraud, the security of the bank’s own internal systems has been taking a backseat. Here are a few steps that bank IT teams can take to better secure the vault: Assume the network has already been breached.

Policies 40

Policies Security ATM System 40

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

SEPTEMBER 24, 2018

6 that as many as 380,000 individuals had been affected, where data tied to credit cards used for bookings had been pilfered. based Equifax operations did not have adequate measures in place to ensure that data was protected. The breach itself was one where a cyberattack lasted from Aug. 21 to Sept. litigation.”. citizens, the U.K.-based

Data 152

Data Cyber Security Regulation social media 152

FICO

AUGUST 28, 2020

Generally, what is needed is a layered response where more than one factor is invoked and there is never reliance on a single security measure. Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers.

Management 52

Management Security Cyber Security social media 52

FICO

JANUARY 5, 2023

With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.

Policies 52

Policies Company Regulation Risk Management 52