PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

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

Payments Source

SEPTEMBER 30, 2018

Visa is pursuing the online criminals to prevent future fraud. Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation.

Fraud 106

Fraud Cards Online Cyber Security 106

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

FICO

MAY 2, 2019

As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

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. The same survey found that among Amazon shoppers, 95 percent describe the online retailer as “trustworthy.”

Data 100

Data Security Cyber Security Retail 100

Banking 2020

NOVEMBER 24, 2015

Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3 The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9

Fraud 40

Fraud Cards Cyber Security System 40

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. Online fraud is one of the biggest challenges for the financial community. billion by 2020. Services Expanding the Threat Landscape.

Fraud 45

Fraud Cyber Security social media Analytics 45

Payments Source

APRIL 5, 2019

housed dozens of cybercriminal groups that set up shop on the platform as online marketplaces to sell a variety of illegal services, such as stolen credit card information, account theft and spamming tools, a team of researchers found. Facebook Inc.

Groups 69

Groups Tools Cards Online 69

American Banker

OCTOBER 13, 2020

Credit unions' credit and debit card portfolios could see a surge this week as the online retailer offers two days of deals, while the industry's regulator is set for a cybersecurity update.

Meeting 53

Meeting Regulation Cards Retail 53

PYMNTS

JUNE 13, 2017

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. In February, U.S.

New Jersey 100

New Jersey System Industry Fraud 100

Payments Source

NOVEMBER 3, 2017

Jeanne Tisinger spent three decades working at the CIA, where her most recent position was deputy director overseeing the agency’s physical and cybersecurity and information technology spanning more than 100 countries.

Security 64

Security Technology Cyber Security Online 64

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

PYMNTS

AUGUST 12, 2016

What CVS says is unique about CVS Pay (clearly not the name) is that it enables HSA and other co-pay information to be stored in the app so that the proper amount is charged to the user’s registered card at checkout. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.

Lending 100

Lending Apple Cards Study 100

FICO

FEBRUARY 2, 2017

Credit card fraud has been around for decades, although it has declined very significantly since FICO® Falcon® Fraud solutions were introduced in the early 1990s. More recently, online banking has presented a risk, as credentials stolen during data breaches or by malware have been used to siphon or liquidate money from accounts.

Cyber Security 40

Cyber Security Security Data Fraud 40

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

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

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 . How do behavioral analytics work? .

Analytics 49

Analytics Fraud Compliance Comparison 49

Payments Source

AUGUST 27, 2018

In the same way a card skimmer steals credentials at an ATM, gas pump or point-of-sale terminal, the Magecart malware hides beneath the surface of a website with a digital skimmer to obtain card and personal information.

ATM 63

ATM Cards Cyber Security Online 63

Fintech Labs Insights

NOVEMBER 18, 2015

Arxan announces Cyber Security scholarship program. Worldpay employees evaluating use of finger vein technology to authenticate payments at the POS without the need for a card. VentureBurn highlights Entersekt : SA’s fintech gem making it safe for millions to bank, shop online.

San Francisco 12

San Francisco Cyber Security New York Conference 12

NCR

DECEMBER 7, 2016

Royal Bank of Scotland will start using it for online communication from December 2016. Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’ ’ – itself, and direct more complicated queries to a human customer service assistant.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Tomorrow's Transactions

APRIL 25, 2016

I don’t doubt the film rights have already been snapped up, because at the trial it was revealed that the pensioner perps included a look out who fell asleep, a deaf point-man and a gang that travelled using OAP Oyster cards. So: the back received a perfectly legitimate request on a secure channel. ” From N.Y. No, it doesn’t.

Bitcoin 30

Bitcoin System Fraud New York 30

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). During a crisis is not the right time to pass out business cards,” Nelson said wryly. But being better prepared can at least potentially make the next cyber incident slightly less daunting.

Exercises 119

Exercises Resources Industry Cyber Security 119

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.

Management 52

Management Security Cyber Security social media 52

NCR

NOVEMBER 14, 2016

From contactless cards and mobile wallets to the exciting potential of biometric data, there are all sorts of innovations having an impact on payments. One of the objectives of this change is to strengthen consumer protection, while enhancing anti-money laundering standards and cyber security. ” Europe prepares for PSD2.

Payments 40

Payments Regulation Cyber Security National 40

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. To Facebook’s Jerry Canning , a solid digital panelist at the ABA conference who pointed to the need to engage in conversations online with the customer, “the new CMO.” FFIEC’s Cyber Security Self-Assessment Tool.

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. Listed in Silicon Review as one of the 20 fastest growing security companies. Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program.

San Francisco 18

San Francisco Taxes Lending Colorado 18

PYMNTS

NOVEMBER 11, 2016

First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. The bank had to suspend online transactions but quickly resumed full service after the theft. The bank had to suspend online transactions but quickly resumed full service after the theft. 8) that £2.5

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

FICO

JANUARY 5, 2023

CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.

Policies 52

Policies Company Regulation Risk Management 52