Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Would you like other articles like this in your inbox? Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3

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PYMNTS

FEBRUARY 26, 2020

In this month’s feature story, PYMNTS spoke with One Nevada’s EVP and CFO Steve O’Donnell about why educating CU staff on the benefits of this model proved difficult, and how the CU is leaning on extensive training to overcome this obstacle. Deep Dive: Credit Unions Face Data Breach Challenges.

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PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. The retailers have stepped up their training, too, in an effort to aid workers in identifying scams.

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PYMNTS

MAY 10, 2018

Two marquee names — one in tech and the other in finance — and a card between them. News came Thursday (May 10) that Apple and Goldman Sachs Group are in the midst of bringing a joint credit card to market. For Goldman, the extension carries beyond the company’s securities business and continues a move into consumer banking.

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Abrigo

JULY 1, 2021

Perhaps this is likely if the business caters but probably not valid, especially during a pandemic. Merchant card transactions While we are moving toward a 100% digital currency world, most businesses, especially restaurants with high customer engagement, must continue to receive cash to meet the needs of their customers. BSA Training.

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PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

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Cards Fraud Regional Training 109

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion. Card transactions were up 10 percent on what CEO Jamie Dimon called a “robust” holiday season. The consumer is doing just fine.

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Cards Data Training Community Bank 131

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. Electronic payment technologies, too, are increasingly focused on security and fraud mitigation efforts. Beyond The BEC.

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PYMNTS

SEPTEMBER 7, 2016

The pilot will run in 2017 with an aim to secure a nationwide rollout of the technology in 2018. Ah, data on train performance, well, now we’re getting somewhere! Ian Fogg, a voice of reason and principal analyst at IHS Technology, noted that the new system should consider providing on-train phone-charging services for travelers.

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Abrigo

MARCH 8, 2024

Tightening security Preventing pig butchering schemes So, how do we, as financial institutions and concerned citizens, stop clients, businesses, friends, and family from becoming a victim? Educate yourself about imposter scams and the methods used to gain your information. The best defense is a good offense.

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Abrigo

SEPTEMBER 20, 2023

Armed with newly pilfered social security numbers , names, and birthdates, they aim to submit these fraudulent forms before the taxpayers do. This alarming crime drains an astonishing $5.2 billion from taxpayers yearly. The cunning move by fraudsters is their tendency to file these deceptive returns early.

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion. Card transactions were up 10 percent on what CEO Jamie Dimon called a “robust” holiday season. The consumer is doing just fine.

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Cards Data Training Community Bank 130

PYMNTS

DECEMBER 4, 2017

In this week’s B2B Data Digest, PYMNTS dives into new research about small businesses’ data security and cybersecurity efforts. 60 percent of SMBs said they don’t follow PCI DSS or HIPPA rules when storing customer credit card and banking information , according to new research from Clutch. . —60

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Security Data Survey Regulation 136

PYMNTS

JULY 31, 2019

Mobile card services could be the Swiss Army knife of card management for consumers, because of the capabilities they can make easily accessible to the customer or business using them. There is a focus on the ability to turn cards off and off — I think even going back a few years we’ve seen that in banks’ advertising.

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Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. The scam here is an inside job, making it inherently more elusive.

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PYMNTS

MAY 10, 2018

You may be familiar with the drill: Get on the bus — or the train — and get out the ticket. More likely you are headed to your final destination across a number of methods, with bus, train and possibly even bike in the mix. The HOLO card can be loaded with cash via phone or bank account. In Hawaii, we are about to find out.

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Abrigo

JUNE 13, 2022

Would you like other articles on BSA/AML training in your inbox? Of banks surveyed, 86% provide training to customer service representatives on how to detect and report elder financial exploitation. The Senior Safe Act encourages reporting and staff training for covered institutions to increase awareness and deter elder abuse.

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Fraud Training United States Survey 195

PYMNTS

MARCH 18, 2020

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. Those that do can then be identified for further training, eliminating weak links in the security chain. com” flagged. .

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Fraud Training Data Taxes 177

PYMNTS

JULY 15, 2019

That fraud spans, among other methods, misuse of government credit cards and procurement payments, reported itnews.com. And when it comes to external fraud, 95 percent of external fraud can be traced to “one large entity” focused on payment card fraud. The report said the fraud had been identified and addressed. Grayson Jr.,

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Fraud Cards Taxes Payments 109

PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards. The reason?

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Cards Payments Training Security 100

Abrigo

FEBRUARY 28, 2023

Takeaway 3 Train front-line staff to help customers avoid smishing scams and update AML/CFT policies accordingly. For example, almost all of us can remember receiving something like the following pesky text messages: "Your debit card has been locked; click here to reactivate." Missed delivery from UPS; call now to receive your package."

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Fraud How To Training Trends 195

PYMNTS

DECEMBER 23, 2020

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. We don't take that lightly.

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PYMNTS

FEBRUARY 27, 2020

The new system gathers card usage statistics, account access objectives and other data points the CU can leverage to offer members targeted marketing products. We spent a lot of time on training,” O’Donnell said. “If If you look us up, we’re [in the] top 100 in the country in terms of training for institutions.

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FICO

APRIL 7, 2022

This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection. Continually ask, “Was this helpful?”

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Abrigo

FEBRUARY 8, 2022

NBFIs are broadly defined as institutions other than banks or credit unions that offer financial services, such as money services businesses, casinos and card clubs, trust companies, securities and commodities, firms, and insurance companies. Periodic BSA training must be given to all employees of the NBFI. BSA Training.

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Compliance Training Regulation Fraud 195

PYMNTS

OCTOBER 12, 2020

Traditional channels for choosing the right security solutions include searching through hundreds of companies on Google, attending trade shows and conferences or dealing with constant cold calls and cold emails from security company sales reps,” said Armistead Whitney , CEO of Apptega , which recently launched CyberXchange.

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Security Examples Industry Training 208

PYMNTS

MARCH 22, 2019

From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said. “At

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Abrigo

APRIL 2, 2020

Train your frontline staff to recognize the red flags of potential elder financial abuse. In addition, with the passing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), fraud has increased with scams offering to rush stimulus checks to individuals for a fee.

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CFPB Monitor

OCTOBER 7, 2015

Like the 2014 list , one of the challenges identified by the OIG is the need to ensure that the CFPB has an effective information security program. The OIG identified four high-priority security risk areas for CFPB improvement: Continuous monitoring to assess security controls and system configurations.

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PYMNTS

NOVEMBER 9, 2018

” The suit alleges that by leaving holes in their security protocols, and failing to train and monitor employees adequately, the phone providers assisted criminals in remotely taking over smartphone SIM cards, allowing them to access financial records and account information to steal cryptocurrency and other assets.

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PYMNTS

FEBRUARY 20, 2020

Consumers have somewhat of a fickle relationship with security when it comes to transactions. Most report that they want security, and they are sincere in their reporting. This isn’t so much of a security gap as a convenience gap. The Three Main Challenges .

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ATM Marketplace

FEBRUARY 23, 2016

The National Center for Advanced Payments and Identity Security in Crystal City, Virginia, will be a permanent facility for live educational activities hosted by SCA.

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DC Washington Training Virginia 48

PYMNTS

JUNE 19, 2019

To stay competitive, many CUs are turning to data analytics to improve their operations in a number of areas, such as faster transactions and improved security. To counter this, AARP recently launched BankSafe, an online training platform, to help FI employees more effectively assist elderly customers. percent from the year prior.

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PYMNTS

MAY 27, 2020

Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. Not long ago, contactless meant using tangible cards — the type pulled from wallets and waved at the terminals. Even waving the card at the point of sale (POS) may face headwinds because of transaction limits.

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PYMNTS

JULY 1, 2019

The Payments Card Industry Security Standards Council (PCI SSC) has announced the launch of two new validation programs for payment software vendors. During the interim period, the PA-DSS and SSF Programs will run in tandem, with training for the new program available in early 2020.

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Software Security Training Payments 109

PYMNTS

FEBRUARY 12, 2020

As Colin Bastable, CEO of security awareness and training company Lucy Security, noted in an email to PYMNTS that this type of fraud doesn’t necessarily require hacking technology on an expert level. Instead, it targets a much weaker link: the employee who is using it.

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Fraud Handbook Security Comparison 253

PYMNTS

JANUARY 15, 2021

The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations and other landmarks and tourist destinations. . The Just Walk Out system will automatically charge consumers’ credit cards, with receipts available by email.

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