PYMNTS

JULY 4, 2018

The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. That projection comes as Oppenheimer Senior Analyst Shaul Eyal noted that “chief information security officers are directing more and more of their budgets toward the most mission-critical [parts] of their network.”. consumers.

Cyber Security 192

Cyber Security Examples Security Data 192

Qudos Bank

FEBRUARY 15, 2024

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 52

Cyber Security Fraud Security Online 52

Payments Source

JUNE 7, 2019

Developers of new payment methods often court big retailers to show off their brand, but the card networks' universal buy button is launching with security features designed for smaller shops.

Security 91

Security Branding Retail Cards 91

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. It said it learned of it on Sept.

Cyber Security 122

Cyber Security Security Cards Resources 122

SWBC's LenderHub

JANUARY 26, 2017

However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard. Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet.

Industry 60

Industry Security Cards Data 60

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. ” The U.S.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

JANUARY 7, 2020

The gang demanded $6 million in ransom in exchange for not releasing sensitive information regarding Travelex customers, including birth dates and credit card numbers. Discovered on New Year’s Eve, the cyberattack is now the focus of a criminal investigation, led by the Metropolitan Police.

Cyber Security 130

Cyber Security Online Retail National 130

PYMNTS

JULY 25, 2016

Ann Cairns, president of international markets, said in an interview with Reuters that China is extremely important to the future of the company and that the credit card company is poring over the rules in China to see how they would impact the company’s business. That was welcome news to credit card companies, particularly U.S.-based

Cyber Security 100

Cyber Security Payments Cards Marketing 100

PYMNTS

DECEMBER 6, 2018

Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. You need layers of security,” he noted. As well, the people responsible for ID and access security should work with the people responsible for fraud prevention, and vice versa.

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

NOVEMBER 2, 2016

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.

Cyber Security 100

Cyber Security social media Security Survey 100

PYMNTS

SEPTEMBER 17, 2018

As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. The scam, which used those devices and deployed email methods, netted more than $3 million in Australian currency.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

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

PYMNTS

NOVEMBER 3, 2017

The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure. Users can simply ask Siri to send money to contacts, with funds withdrawn from a virtual debit or credit card.

Trends 125

Trends Apple Cyber Security Analysis 125

NCR

DECEMBER 2, 2016

‘No compromises on security’ Mastercard said Identity Check Mobile will make online shopping simpler for consumers, without compromising safety and security. The post Mastercard’s ‘selfie payments’ mark new era for biometrics and security appeared first on Banking.com.

Security 40

Security Payments Cyber Security Regulation 40

Payments Source

NOVEMBER 7, 2018

Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, according to a Federal Investigation Agency official in Pakistan.

Cards 62

Cards Data Payments Cyber Security 62

Payments Source

NOVEMBER 4, 2018

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

Fraud 97

Fraud Security Tools Cyber Security 97

FICO

DECEMBER 12, 2022

Some of the patents granted this year that are most meaningful to me include: “Visualization for Payment Card Transaction Fraud Analysis,” which relates to a computer-implemented method and system for visualizing payment card transactional fraud analysis. Scott received his Ph.D.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

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

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

SEPTEMBER 22, 2017

In that data breach, the fraudsters may have stolen numerous important and identifying information on consumers, including birth dates and Social Security numbers. What’s more, 209,000 credit card accounts were also breached in the hack. The revelation on the part of National Bank of Canada comes as consumers in the U.S.

National 123

National Security Data Software 123

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 and data breaches have always had a close, if destructive, relationship.

Fraud 70

Fraud Data Cyber Security Risk Management 70

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

FICO

DECEMBER 18, 2017

In an interview with TechRepublic a few days ago, Gartner research director Jeff Wheatman said, “It's no longer just about understanding whether a company you're going to do business with is credit-worthy, we need to understand what their security posture is, because it's going to have an impact on our security posture.”

Cyber Security 73

Cyber Security Security Data Resources 73

Payments Source

MAY 29, 2018

But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches. A direct correlation between the chip migration and rampant merchant data breaches is hard to prove.

Data 67

Data Compliance Security Retail 67

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. The following steps are expected of FIs: Maintain an information security program and risk assessment, Monitor Internet traffic to your website in order to detect an attack (establish a baseline so you can easily discern an increase in activity).

Fraud 88

Fraud Cyber Security ATM FDIC 88

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 impact may be longer term in nature, but the benefits will accrue to banks’ bottom lines. So Now What?

Data 100

Data Security Cyber Security Retail 100

American Banker

MAY 23, 2016

Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

Security 43

Security Retail Data Groups 43

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

William Mills

DECEMBER 21, 2017

The fact is that because financial institutions hold valuable consumer data, such as credit card and social security numbers, they are simply more likely to be the target of a cybersecurity attack. This gives attackers a quicker way to obtain credentials, banking and credit card information.

Cyber Security 40

Cyber Security Study Survey Security 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

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 UK fraud figures.

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. The Aite Group projects that card-not-present fraud alone is estimated to jump to $7.2.billion 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.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

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. Finally, wearables that can be used to make payments are vulnerable on both fronts: financial data and physical security. New technology creates new risks.

Cyber Security 40

Cyber Security Security Data Fraud 40

Payments Source

APRIL 13, 2018

Whether the threat stems from technology or human nature, fraudsters are exploiting any opening they can.

Data 64

Data Cards Payments Technology 64

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

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.

New Jersey 100

New Jersey System Industry Fraud 100