Qudos Bank

MAY 11, 2023

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

Cyber Security 40

Cyber Security Fraud Security Online 40

Payments Source

MARCH 12, 2019

startup enabling banks to use machine-learning technology to block payment card fraud. The past six years have been a whirlwind for King, who had no experience in the payments industry before becoming CEO of Featurespace, the fast-growing U.K.

Fraud 71

Fraud Cards Industry Payments 71

NCR

JUNE 23, 2017

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.

Fraud 45

Fraud Cyber Security social media Analytics 45

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. The tour continues.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

American Banker

DECEMBER 13, 2016

As online shopping and card fraud increase, startups offering easy-to-use "burner" cards could see strong traction.

Cards 28

Cards Fraud Online Cyber Security 28

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

FICO

FEBRUARY 2, 2017

The reality is, every category of technology carries inherent risks, and as people become more connected with technology in every aspect of their lives, we must be cognizant of those risks. New technology creates new risks. We are most familiar with the risks associated with stolen financial data.

Cyber Security 40

Cyber Security Security Data Fraud 40

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 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. Those sites are then duped into shipping out merchandise purchased using stolen credit card data.

Mobile 102

Mobile San Francisco Tools Security 102

NCR

DECEMBER 7, 2016

Some will tell you it’s the next great frontier in technological exploration, while others might argue that AI, machine learning and robotics will create just as many concerns as opportunities. Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’

Innovation 40

Innovation Cyber Security Fraud Industry 40

Gonzobanker

NOVEMBER 17, 2016

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless? Visit our web site to learn more.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

American Banker

OCTOBER 17, 2016

Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.

Fraud 28

Fraud Examples Cards Company 28

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

American Banker

AUGUST 18, 2016

People hold up blockchain as the answer to many security issues, including Swift-related hacks and card-not-present fraud. But distributed ledgers have vulnerabilities, too.

blockchain 28

blockchain Security Fraud Cards 28

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

American Banker

JUNE 9, 2016

Many financial criminals are switching to a more sophisticated kind of identity theft in which they open accounts based on stolen identities, or on composites of information stolen from different people.

Fraud 28

Fraud Cyber Security Security Cards 28

American Banker

OCTOBER 4, 2022

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Cyber Security 69

Cyber Security Fraud Cards Security 69

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

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. FFIEC’s Cyber Security Self-Assessment Tool. And the winners are ….

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

OCTOBER 3, 2016

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. Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Quoted in eWeek on the problem of app security. in one year.

San Francisco 18

San Francisco Taxes Lending Colorado 18

FICO

JANUARY 5, 2023

In 2018, FICO introduced the UltraFICO Score , leveraging consumer-permissioned financial data combined with account aggregation technology and distribution capability to provide lenders with new insights and consumers with enhanced access to credit. 5 Ways Digital Payments Will Change FIs and Fraud in 2023. See all Posts.

Policies 52

Policies Company Regulation Risk Management 52