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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

FICO

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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Facebook Has Been Trying To Obtain Financial Information For Years

PYMNTS

Facebook may be under fire for how it handles the data on its more than two billion monthly active users, but the social media company has been trying to get its hands on financial information from the financial services firms for years, reported The Wall Street Journal. That has been and always will be our priority.”.

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With Terrorists And Scammers Lurking, Is A Crypto Storm Looming?

PYMNTS

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

PYMNTS

At the the Fortune Brainstorm Finance conference in Montauk, N.Y., Byrne told CNN Business that the social media giant’s launch of its own digital currency validates the space — and Overstock would be open to partnering with Facebook on the project. The killer app of blockchain is security tokens,” Byrne said.

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Chipotle Hacked, Payment Credentials Compromised

PYMNTS

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. CEO Brian Niccol noted in an earnings conference call that the company saw 6.1 “We have no indication of any breach of Chipotle’s databases or systems.”

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Facebook’s Libra And The Future Of Digital Identity

PYMNTS

Despite the pervasiveness of digital identity in everyday life, concerns surrounding digital ID security continue to make headlines, with billions of dollars lost to fraud. Apple announced its own digital ID program, Sign In with Apple, at its recent Worldwide Developers Conference. Find the feature story in the Tracker.

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Facial Recognition Can Be Hacked With Internet Images

PYMNTS

Facial recognition is supposed to make computing and banking much more secure, but just like most efforts to fight the bad guys, hackers can apparently infiltrate that, too. The report noted the virtual reality-style face, which is rendered in 3D, gives the motion and depth cues of a real face that security systems are typically looking for.