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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

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From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

NCR

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.

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BEC Scams Nearly Double Over Three Years

PYMNTS

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.

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BA To Reveal Fine Print On GDPR Fines?

PYMNTS

6 that as many as 380,000 individuals had been affected, where data tied to credit cards used for bookings had been pilfered. At present, Facebook uses hyperlinks to bring users to the company’s “data policy” that describes ad targeting efforts, which regulators contend is not enough. 21 to Sept. litigation.”. I want to see results.”

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Provided instant card-issuance technology to Bank of the Ozarks. Announced EMV-instant issuance milestone of more than 10 million cards in the U.S. Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. in one year.

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Does Trump’s Cybersecurity Platform Have A Leg To Stand On?

PYMNTS

Trump’s policies call for “an immediate review of all U.S. cyberdefenses and vulnerabilities,” which will be conducted by a Cyber Review Team. First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. Hackers Lift $3M From Tesco Bank. 8) that £2.5

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

Policy Predictions for Financial Services Companies. I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. Four 2023 U.S. FICO Admin. Tue, 07/02/2019 - 02:45. by Daniel Nestel. VP, Government Relations.