PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. BEC fraud does not respect seniority, and it pays exceedingly well.”. billion (or slightly over half) of all losses tracked in 2019.

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Fraud Handbook Security Comparison 253

PYMNTS

JUNE 22, 2020

Corporate fraud continues to plague businesses large and small, and in this week’s B2B fraud tracker, many of the latest cases of nefarious activity within the enterprise can be traced back to the continued use of paper and legacy systems. billion may be unaccounted for on the books of Germany payments company Wirecard.

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Fraud Report Resources Company 198

PYMNTS

MAY 22, 2017

companies are turning to their insurance policies that cover things like ransom and extortion to get back losses from the WannaCry ransomware attack that caused headaches around the globe a little over a week ago. With cyber insurance expensive and not used by many outside of the U.S.,

Policies 100

Policies Company National Report 100

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. But the BEC scam is not the only kind of business payments fraud plaguing firms today. This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification.

Fraud 228

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Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 222

Training Compliance Fraud Policies 222

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 195

Training Compliance Fraud Policies 195

PYMNTS

MARCH 30, 2016

TSYS’ ProPay has paired up with InfoTrax to help direct selling companies battle fraudsters by integrating ProPay’s Guardian CyberShield fraud detection and protection service into its DataTrax back-office software. It is also used to prevent account takeover, payment fraud, identity spoofing, malware and data breaches.

Fraud 100

Fraud Company Software Tools 100

PYMNTS

JULY 29, 2020

But he added that fighting fraud isn’t about building the highest possible wall. The best way to stop fraud is to look at the consumer journey more holistically and figure out how to best scale protection in places where fraudsters tend to congregate. One merchant alone would have limited data to understand or predict fraud attacks.

Fraud 216

Fraud Branding Customer Experience Security 216

PYMNTS

JUNE 27, 2019

Digital fraud prevention company Kount has launched a new artificial intelligence (AI)-driven solution to enhance payments fraud prevention. The company said this latest solution creates the closest simulation of the decision process of an experienced fraud analyst, but in a faster, more accurate and more scalable manner.

Fraud 143

Fraud Tools Customer Experience Policies 143

Abrigo

FEBRUARY 5, 2021

You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". Takeaway 1 To prevent the kind of fraud that plagued the Paycheck Protection Program in 2020, the SBA has put new measures in place that have created challenges. PPP fraud-prevention challenges arise. New Guidance Out.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. But it’s not the only way employees can steal company cash. Fifty-three percent of U.K.

Fraud 111

Fraud blockchain Ohio Survey 111

PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. “In The current policy is a non-policy.

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Policies National cryptocurrency Bitcoin 116

PYMNTS

DECEMBER 21, 2018

In one case, a company gave the thumbs up to an $8,000 designer watch, chalked up to “customer appreciation.” As reported last week in CPA Practice Advisor , per AppZen, roughly 30 percent of expenses filed by employees in the professional services space get flagged when scrutinized against corporate policies.

Fraud 152

Fraud Policies Survey Report 152

PYMNTS

APRIL 26, 2018

Uber is changing its policy on bug bounties, payments to people who expose data security problems, Reuters reported on Thursday (April 26). The ridesharing company came under scrutiny for paying a 20-year-old hacker who had stolen 57 million user credentials — names, email addresses and phone numbers — in a 2016 data breach.

Policies 115

Policies Payments Security Data 115

PYMNTS

MAY 31, 2019

A cybersecurity research team at vpnMentor has discovered that The Pyramid Hotel Group, which manages Marriott and other hotel brands, underwent a data leak exposing vulnerabilities that could potentially be used by criminals, the company said in a report. The company said it contacted the hotel group about the breach.

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Management Company Data Florida 174

PYMNTS

MARCH 17, 2017

A new report from the Anti-Fraud Collaboration identifies where corporates should begin when looking to safeguard their data and deploy a cybersecurity strategy. Announcing the report Thursday (March 16), the Anti-Fraud Collaboration said a focus on complex accounting areas is critical to an effective cybersecurity strategy.

Fraud 100

Fraud Report Policies Leadership 100

PYMNTS

JANUARY 10, 2018

Oversight Systems has updated its Insights On Demand software-as-a-service (SaaS) solutions to provide managers with quicker ways to identify expense report fraud. 9), the company said the upgrades will provide one-click visibility into employees who are repeat offenders of booking non-compliant travel and making non-compliant purchases.

Fraud 100

Fraud Tools Policies Risk Management 100

PopularBank

FEBRUARY 17, 2022

No business is immune to fraud, and small businesses are especially at risk. Small businesses experience fraud at a 42% higher frequency than large corporations. There are steps small businesses can take to prevent business fraud. Clearly outline policies. Employees are the best defense against fraud.

Fraud 52

Fraud Training Policies Data 52

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. By performing a thorough staffing assessment of your AML and fraud teams, you understand the resource needs to meet all quality and regulatory expectations.

Training 195

Training Fraud Leadership Resources 195

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. Other fraud attempts targeting workplaces are no less dangerous. Fighting the Phishers. Ensuring Secure Workplace Practices.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

OCTOBER 8, 2020

The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g. In addition, the company has strengthened its hiring, with several veterans of finance, policy and regulatory affairs joining the team. Feedzai has seen the increase in fraud and scams with the pandemic.

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Report Fraud Risk Management America 247

PYMNTS

MARCH 9, 2020

authorities — and those in other places — also noted the presence of fraud in which people are led to purchase medical supplies that don’t exist or give financial information to criminals who purport to be health workers. In February, the company made it known that it was stopping tours at all North American fulfillment centers.

Policies 141

Policies New York San Francisco Seattle 141

MyBankTracker

APRIL 28, 2021

Homeowners insurance is a policy that protects your home against certain types of damages and losses. Many people select a home insurance company when getting their mortgage loan, and then have their premiums paid directly from an escrow account. When Can You Switch a Homeowners Insurance Policy? How does this work?

Policies 52

Policies Company How To Michigan 52

PYMNTS

JUNE 14, 2018

The company, headquartered in the U.K., But of course, for our purposes, the focus is on payments – and here there are investigations, too, specifically into expense account fraud. There are “dozens” of cases of such fraud across those regions stretching back three years, said the newswire.

Fraud 103

Fraud North Carolina Policies Survey 103

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. billion in losses due to cybercrime, with various forms of identity fraud topping the list.

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. For payments fraud, the land Down Under seems fertile ground, too. In the U.S.,

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

PYMNTS

OCTOBER 26, 2017

In Georgia, one Mohawk Industries employee allegedly scammed the company out of $766,000. And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. Internal p-card fraud doesn’t discriminate against small and large companies either, he said.

Fraud 108

Fraud Payments Cards Policies 108

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Typically, monitoring and keeping up with changes in regulations and then modifying your entire company's operations to stay compliant is no small feat. So, what are the other benefits of regtech for banks? Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Typically, monitoring and keeping up with changes in regulations and then modifying your entire company's operations to stay compliant is no small feat. So, what are the other benefits of regtech for banks? Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

OCTOBER 29, 2019

Another kind of fraud is often underreported and still ruinous to QSRs’ margins if unblocked. It is called friendly fraud and causes great damage, despite its name. What is friendly fraud? What distinguishes friendly fraud is that a legitimate customer, not a bad actor, perpetuates the fraud. How can it be stopped?

Fraud 102

Fraud Cards Mobile System 102

PYMNTS

JUNE 22, 2020

Justice Department last year filed a civil complaint in federal court against Vinnik and a company he allegedly runs called Canton Business Corp. Prosecutors allege Vinnik operated BTC-e without anti-money laundering (AML) controls and policies, which resulted in criminals laundering proceeds derived from illegal activities.

Bitcoin 181

Bitcoin United States Fraud Policies 181

PYMNTS

NOVEMBER 6, 2019

Facebook’s 2012 policy changes that denied app developers access to user data was actually about stifling competition, not protecting user privacy, according to documents reviewed by Reuters on Wednesday (Nov. The developer accused Facebook of having anti-competitive data policies that were misrepresented to both the public and developers.

Policies 100

Policies Rhode Island Data California 100

PYMNTS

FEBRUARY 27, 2018

trillion in 2016, but companies aren’t always able to see where their dollars are going. The latest report from eNett International , “ It Pays To Know: Fraud In Travel Payments ,” warns that payments fraud is plaguing the global travel space, though, in this case, the issue is imbedded deep within the travel supply chain itself.

Fraud 104

Fraud Marketing Payments Analysis 104

PYMNTS

NOVEMBER 10, 2017

For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. One of the easiest areas for internal fraud to occur is in employee expensing. But always, in every organization, there are a few who are commuting fraud.

Fraud 112

Fraud Compliance Policies Technology 112

PopularBank

JANUARY 5, 2022

How do you know if your business is a target for fraud? How much would the impact of fraud cost your business? What are different types of fraud you should be aware of? Out of 5,000 companies surveyed in 2020, 47% experienced fraudulent activity within a two-year period. Mitigate risks of business fraud.

Fraud 52

Fraud Training System Branding 52

BankBazaar

JULY 17, 2019

With a plethora of insurance companies in the market offering a variety of policies, people often get confused. So, buying an insurance policy is not as easy as it was before. Benefits Of Getting Insurance Policies Online. Instant & Secure: This is one of the fastest and most secure ways to get your insurance policy.

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