PYMNTS

JUNE 15, 2017

Can data make all the difference in the fight against payments fraud? Easier said than done in an age where merchants and firms of all stripes and sizes are inundated with information that flows lightning quick, offering clues and confirmation of good actors and bad. The true value of this information is then diluted.

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PYMNTS

OCTOBER 30, 2020

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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PYMNTS

JULY 1, 2019

Overall digital fraud increased by 13 percent in the past year, with the food and beverage industry seeing an increase of 60 percent – nearly four times above average. The Ineffectiveness of Card Verification in the Digital Age. Mobile order-ahead fraud is so widespread and difficult to stop because it is conducted remotely.

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PYMNTS

SEPTEMBER 30, 2019

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. Researchers found that the majority of consumers fell prey to scammers on legitimate websites and social media. .

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PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding. At The Consumer Level.

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PYMNTS

OCTOBER 5, 2020

With the scam numbers, users turn over their login information and are tricked into giving money. No Cash App employee will ask for a person's sign-in code over the phone or social media, and they would never ask for payment or work with sensitive information like one's full bank account number.

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PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Thompson, on a charge of computer fraud and abuse. The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A.

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Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

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PYMNTS

APRIL 5, 2019

Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.

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PYMNTS

NOVEMBER 27, 2019

The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. Around The Digital Fraud World.

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PYMNTS

JANUARY 21, 2019

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency.

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PYMNTS

JANUARY 25, 2019

In 2016, customers took to social media to complain about a similar thing. The Information Commissioner’s Office (ICO) said it was contacted by Deliveroo and was looking into it. As soon as any customer makes us aware of fraudulent activity we immediately suspend their account to prevent further fraud.

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PYMNTS

MAY 25, 2020

Digital fraud and other forms of financial crime are also on the rise due to the uncertainty and confusion surrounding the crisis. Twenty-two percent of Americans have reported being targeted by COVID-19-related fraud, and these scams have seen more than $1.2 COVID-19-Related Fraud. Secret Service.

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PYMNTS

OCTOBER 14, 2016

One firm, IdentityMind Global, provides real-time risk management and fraud prevention through “digital identities,” collecting data across dozens of parameters and separating the financial ecosystem into good actors — those deserving of trust (and completed transactions) — and, well, bad actors.

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PYMNTS

JANUARY 13, 2020

In other examples, end users must be informed when prices are based on their internet browsing histories. Sites are also required to offer free services that inform users when data is being collected and how it may be used. million payment card details found their way into the hackers’ hands. In India, Too. A California CFPB?

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PYMNTS

AUGUST 23, 2018

This marks yet another executive to announce he or she is leaving the social media giant. Rose had been involved in enterprise partnerships with the likes of Apple, Google and media companies. Facebook has reportedly discussed finding a way for users to check their account balances, as well as sending them fraud alerts.

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PYMNTS

AUGUST 22, 2018

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.

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FICO

MAY 18, 2023

The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

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CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

Fraud 78

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PYMNTS

JULY 7, 2020

“Illicit actors can use imposter scams to defraud and deceive the vulnerable, including the elderly and unemployed, through the solicitation of payments, such as digital payments and virtual currency, donations or personal information via email, robocalls [and] text messages,” FinCEN said in a statement.

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PYMNTS

SEPTEMBER 25, 2020

Mastercard Expands Digital Card Program To Include Instant Access, eWallet . Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. HSBC To Staff: Stay Off Bank’s Social Media Accounts . Have A Credit Card In Your Purse?

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PYMNTS

DECEMBER 3, 2019

These bad actors often take advantage of the chaos to steal credit cards, scam merchants and wreak other types of retail havoc. This type of fraud covers for cybercriminals by tricking unsuspecting consumers into believing that they have landed lucrative work opportunities when they are actually participating in criminal enterprises.

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PYMNTS

FEBRUARY 6, 2018

Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. This is the percentage of new account fraud victims who discover they are, well, victims when they are contacted by a debt collector. Digital DNA.

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FICO

JULY 17, 2020

This is an extremely challenging and growing problem for fraud managers. Another approach is to communicate an informative message to the customer directly when your fraud analytics recognizes behaviour that is out of sync with their normal spending. Fraud rings that target mules are usually organised fraud rings.

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PYMNTS

APRIL 19, 2019

Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first few weeks of April.

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PopularBank

SEPTEMBER 19, 2023

Beware of the latest bank phone call scam, which involves scammers impersonating bank call centers and fraud departments. The scammer claims fraud on your account. The scammer asks for your personal information and password. You should never give personal information over the phone, nor will your bank ask you to.

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PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

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PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. It said the incident affected approximately 21 million of its users, but that no private/direct messages, financial data or social media or photo content was impacted.

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social media Data Security Company 100

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

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PYMNTS

NOVEMBER 22, 2019

“Big disruptive” information technologies can sometimes be “dangerous,” Obama said during a talk with Salesforce CEO Marc Benioff. People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them.

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PYMNTS

MARCH 19, 2019

Bad actors can utilize ATOs and application fraud to take advantage of real-time payments rails and access stolen funds. On top of real-time payments platforms, new settlement methods – including mobile wallets and P2P payments providers – enable users to use either cards or ACH transfers to quickly send funds. In the U.S., In the U.K.,

Payments 140

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PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

Analytics 116

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PYMNTS

APRIL 10, 2019

A study by Symantec, a cybersecurity company, showed that two out of every three hotel sites have leaked personal data, which could include credit card and passport information, according to a report by Reuters. Candid Wueest, the primary researcher on the Symantec study, said it’s fairly easy for criminals to get the information.

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PYMNTS

DECEMBER 12, 2016

Gift cards may seem a logical answer. What happens if you buy a card from a store that’s not exactly right for that person? Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. But not brand.

Cards 100

Cards Mobile Branding Retail 100

PYMNTS

OCTOBER 1, 2020

“This digital shift is leading consumers to examine just how private their online activities are, with one recent survey finding that 84 percent of UAE consumers have tried to remove private information from websites or social media. under the GDPR. percent year over year during the week of Aug. 3D Secure 2.0

Regional 130

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PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Thompson, on a charge of computer fraud and abuse, The Washington Post reported. Reuters reported. The suit is seeking class-action status. .

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PYMNTS

NOVEMBER 12, 2018

Social media posts show that some former employees, who left the company months ago, have also received notification letters. It went on to explain that the information security team at the company discovered the incident, which took place on Oct. The company spokesperson said customer data was not affected in the breach.

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