Remove Cards Remove Cyber Security Remove Fraud Remove social media
article thumbnail

Two Cyber Security Investments With a Silver Lining

Banking 2020

The technology protects everything from online transactions and network remote access to social media, personal and business information. According to the Federal Trade Commission, only 26 percent of stolen identities are used for credit fraud. Do your customers know about these other types of fraud?

article thumbnail

UK To Spend Close To £2 Billion To Fight Cyberattacks

PYMNTS

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. universities” that will be tasked with increasing security for smartphones, tablets and laptops.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks battling a barrage of cyber attacks

NCR

According to an Accenture survey , senior bank staff who participated believe their cyber security defenses are secure even though one-third of attempts by cybercriminals to breach banks are successful. Online fraud is one of the biggest challenges for the financial community. billion by 2020. Image: iStock/hh5800.

Fraud 45
article thumbnail

Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. 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.

article thumbnail

Hacking tools, stolen credit cards advertised on Facebook groups

American Banker

(..)

Tools 41
article thumbnail

The 2015 GonzoBanker Awards

Gonzobanker

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond). FFIEC’s Cyber Security Self-Assessment Tool.

article thumbnail

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. The breach itself was one where a cyberattack lasted from Aug. 21 to Sept. The airline informed customers on Sept. Yes, the company gave notice of the breach in a single day, it seems. litigation.”.

Data 152