FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. In total, about $104.5 million erroneous payment resulting from a BEC scam.

Fraud 177

Fraud Cyber Security Data Software 177

Payments Source

AUGUST 22, 2018

Account takeover (ATO) fraud currently drives the largest fraud losses at North American financial institutions within digital channels, according to a new report from Aite Group and Early Warning, the bank organization that operates the Zelle payment network brand.

Fraud 92

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PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100

Fraud Online United States Cyber Security 100

SWBC's LenderHub

APRIL 30, 2020

While not a new scheme, online account origination fraud has grown in part because of the prevalence and ease of use of online banking services, and in part because of the number and scope of data breaches allowing bad actors access to a large amount of consumer data.

Fraud 88

Fraud Online Data Cyber Security 88

NCR

NOVEMBER 8, 2016

With that comes the need to protect the data associated with all types of banking transactions. While the ISO reports to the board on all cybersecurity, the degree to which this person is engaged across all banking functions can make a significant difference preventing digital fraud. Customer Responsibility.

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American Banker

DECEMBER 10, 2023

An increase in paper mail theft corresponds with a rise in physically altered checks that redirect funds to fraudsters.

Fraud 77

Fraud Data Cyber Security Security 77

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

Survey 52

Survey Fraud Cyber Security Compliance 52

PYMNTS

OCTOBER 29, 2019

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

Company 101

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Perficient

APRIL 2, 2021

fraud detection and financial crime monitoring). It involves using software to analyze both structured and unstructured data (i.e., email, text, audio data), with the aim of identifying fraud or anomalous transactions. This involves employing AI to identify potentially suspicious, anomalous, or outlier transactions (e.g.,

Regulation 309

Regulation Industry Risk Management Analysis 309

FICO

JULY 31, 2019

What data is shared with the supplier? The first step is determining whether additional information is needed to assess cyber risk. Here, the firm may elect to set a score threshold — or a set of thresholds based on categorization and impact — to determine whether additional data is required. Where does the vendor operate (e.g.,

Cyber Security 70

Cyber Security Management Security Risk Management 70

PYMNTS

JUNE 29, 2020

Using the slogan, “In Fraud We Trust,” the group directed traffic and potential purchasers to sites of its members, which served as online conduits to traffic in stolen identification, financial and banking information, malware and other illicit goods, according to the complaint. In April, a joint study by the U.S. and the United Kingdom.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

OCTOBER 30, 2020

Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Mastercard said the world faces a $5.2

Cyber Security 297

Cyber Security Security Fraud Tools 297

Abrigo

MAY 4, 2020

While many are minor application enhancements, some are bug fixes or critical cyber security enhancements that should be updated immediately. When your AML software is hosted with a secure vendor, they will handle all upgrades and service packs with seamless updates to your AML systems. Artificial Intelligence. Learn More.

Software 195

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PYMNTS

JUNE 15, 2017

It’s now the largest surveillance camera manufacturer in the world, not only making network cameras but also the software to run and analyze data from those cameras. Or, video footage can be combined with exception-based reporting at the point of sale, which can help identify cashier fraud.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

AUGUST 17, 2020

As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs. The attack didn’t have any dire effects like a data breach, officials said. Online services are expected to be fixed by Wednesday (Aug.19),

Cyber Security 163

Cyber Security Taxes Survey New York 163

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. As many as 70 percent of attacks set their sights on small businesses, said the data. ” The Larger Trends.

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Banking 2020

SEPTEMBER 10, 2015

Or worse, hackers have stolen customer data and are threatening to release it. MarketWatch reported that in April 2015, cyber attackers threatened more than 100 financial firms with DDoS extortion. 63 percent of all reported data breaches in the last 12 months originated with a keylogger. Talk about a bad Monday.

Cyber Security 40

Cyber Security Security Fraud Software 40

FICO

DECEMBER 12, 2022

However, in terms of artificial intelligence (AI) and analytics, 2022 has been a great year for FICO, my data science team, and AI innovation in general. The visualization techniques of this patent enable domain-specific interfaces that can help fraud analysts make better decisions quickly and easily. The Power of Patents.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

Qudos Bank

FEBRUARY 15, 2024

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

Cyber Security 52

Cyber Security Fraud Security Online 52

PYMNTS

JANUARY 10, 2021

The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack.

Cyber Security 202

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PYMNTS

MARCH 10, 2020

and verified that it was legitimate hacked user data, not fake information. was first exposed as a nest of cybercrime activity in a now removed Digital Shadows report from 2016, according to ZDNet , and those in-tune with cyber-security issues were not shocked to hear of Firsov’s arrest. regularly, the FBI said.

National 134

National Online New York City Cyber Security 134

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

FICO

DECEMBER 15, 2022

I’ve previously discussed our company’s work on an Artificial Intelligence-based scams model for FICO® Falcon® Fraud Manager and the technology behind it. To build the award-winning scams model, my team had to take a different approach from our traditional work on fraud models. Explore all our fraud prevention and detection offerings.

Analytics 52

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PYMNTS

MAY 9, 2016

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

Cyber Security 100

Cyber Security Survey Security National 100

PYMNTS

JANUARY 9, 2020

The hacker gang Sodinokibi , also known as REvil, reportedly demanded $6 million in return for encrypted customer data. Travelex said it had contained the ransomware and investigations show that customer data was not compromised. “We But you will lose your time and your data, cause just we have the private key.

Cyber Security 131

Cyber Security Groups System Data 131

Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

How To 77

How To Data Fraud Security 77

Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

Fraud 31

Fraud Company Cyber Security United States 31

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Banks have already made a big start in the fraud space. Behavioral analytics are a mature technology in fraud prevention.

Analytics 49

Analytics Fraud Compliance Comparison 49

PYMNTS

JANUARY 7, 2020

s National Cyber Security Centre (NCSC) and regulators with the Financial Conduct Authority were already looking into the cyberattack, with the NCSC saying it would work closely with law enforcement. Discovered on New Year’s Eve, the cyberattack is now the focus of a criminal investigation, led by the Metropolitan Police.

Cyber Security 130

Cyber Security Online Retail National 130

PYMNTS

DECEMBER 2, 2019

29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain. The bank made the announcement on its website on Nov.

blockchain 132

blockchain System Cyber Security Technology 132

PYMNTS

FEBRUARY 5, 2020

The company said that no personal data was compromised in the cyberattack. . “We We have shared samples of the relevant variant with law enforcement, the Australian Cyber Security Centre, and cybersecurity organisations to ensure the wider community is protected,” the updated statement said.

Cyber Security 131

Cyber Security System Security Community 131

Cisco

APRIL 7, 2019

Cyber security is more than just “top of mind.” With the “new normal” of mobile applications, web-based portals, and declining branch visits, cyber security vulnerabilities continue to grow in both number and complexity. What we’re reading on Cyber Security: 1. Big Data is your mountain and your goldmine.

Trends 64

Trends Cyber Security Big Data Analytics 64

PYMNTS

FEBRUARY 6, 2019

IBM said at the time there was no evidence that the hackers stole sensitive customer data while Hewlett Packard Enterprise declined to comment on the report. Chichester said that with companies hardening their defenses for cyber attacks, the hackers are turning to suppliers to get into corporate networks.

Software 123

Software Company Cyber Security Security 123

Payments Source

SEPTEMBER 9, 2020

Businesses must take steps to manage Shadow Code data breach risk by applying timely security patches and upgrading vulnerable open source libraries and third-party plugins, says PermiterX's Ameet Naik.

Data 69

Data Security Management Cyber Security 69

Payments Source

MARCH 7, 2018

As both the volume and value of digital currencies increase, so will inevitable attempts to commit fraud and theft. In this nascent stage, what is protecting cryptocurrency buyers and sellers?

cryptocurrency 62

cryptocurrency Security Data Fraud 62

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. Australia and the Philippines are launching inquiries into how Uber handled the data breach. 22), regulators in the U.K., s capital.

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Regulation Cyber Security Connecticut Illinois 100