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Strategies for fighting remote authentication fraud

Independent Banker

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. Online U.S.

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NYC Meters Won’t Take Credit Due To Y2K Bug

PYMNTS

Parking meters in New York City won’t take credit cards because they weren’t programmed to get card payments after Jan. 1, 2020, according to a report by the New York Post. All through the five boroughs, people were reporting that meters wouldn’t accept credit card payments due to a software bug.

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White-Hat Hacker Swipes 26M Stolen Credit Cards From Dark Web

PYMNTS

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. According to the leaked data, card information for sale on BriansClub showed a steady increase of inventory. million card records for sale.

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Earl Enterprises Acknowledges Data Breach Of 2M Cards

PYMNTS

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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Mobile Order-Ahead Delivered The Goods In 2019

PYMNTS

Others are getting into the act, and quickly too, including New York City-based mobile store Bandit, various pop-ups and so-called “phantom kitchens” without seating from quick-service restaurants (QSRs) including Wendy’s and Chick-Fil-A. Fraudsters rely on this fact and tirelessly seek to exploit new openings.

Mobile 131
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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Good news, of course, but that doesn’t mean the pressure is any less. Classic fraud deflection is rules-based.

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Mobile Ordering Startup Fights Food Waste And Fraudsters

PYMNTS

Recently, Taco Bell opened three more Cantina venues in New York City. It’s easier for Taco Bell, Shake Shack and other major chains to leverage their existing reputations to get new customers to put their trust — and credit card information — into their apps. Feeding Everyone But The Fraudsters.

Mobile 164