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

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

Cyber Security Security System Operations 202

FICO

JULY 31, 2019

Where does the vendor operate (e.g., 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.

Cyber Security 70

Cyber Security Management Security Risk Management 70

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. He and an accomplice operated from Nigeria, targeting the U.S., As many as 70 percent of attacks set their sights on small businesses, said the data.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

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. If someone is hanging around the storefront for too long, the camera feed triggers the speakers to tell the suspect to come back during operating hours.

Fraud 101

Fraud Security Video Retail 101

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

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. Espen Johansen, Visma’s operations and security manager, said he is confident that none of its customers’ networks were accessed. “If

Software 123

Software Company Cyber Security Security 123

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

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. On Wednesday (Feb.

Cyber Security 131

Cyber Security System Security Community 131

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.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

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

MAY 15, 2017

In China, individual users utilizing their Windows operating systems were impacted. The NHS has experienced a major cyber-attack, we are working with law enforcement and our advice will follow shortly!” Action Fraud, the U.K.’s Hospitals shut down in Europe. Similarly FedEx Corp.,

Cyber Security 101

Cyber Security National Security System 101

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 48

Trends Cyber Security Big Data Analytics 48

FICO

SEPTEMBER 18, 2020

Chartis highlights two distinct areas of focus for these solutions – ‘GRC for Cyber’, that focuses on compliance and governance, helping organizations understand their own cyber risk and how to navigate their cybersecurity frameworks. FICO is currently offering a free trial of the FICO® Cyber Risk Score - Landscape edition in EMEA.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

FICO

DECEMBER 1, 2022

But the reality is, Generative AI isn’t a new technology; my data science organization at FICO has been using it for several years in a practical way to generate synthetic data , and to do scenario testing as part of a robust AI model development process. Proper model package definition will improve the operational benefits of AI.

Analytics 98

Analytics Phoenix San Diego Tools 98

FICO

APRIL 7, 2016

For those of you who aren’t familiar, The Institute for Operations Research and the Management Sciences (INFORMS) is the largest society in the world for professionals in the field of operations research (O.R.), Four hands-on sessions and a fraud presentation by FICO’s Chief Analytic Officer, Scott Zoldi.

Analytics 40

Analytics Cyber Security Conference Fraud 40

FICO

JANUARY 30, 2017

I talked about using the FICO fraud data consortium to determine when data shifts can invalidate the models and, more menacing, when these shifts reveal subtle new fraud patterns that can indicate the work of fraudsters and cyber criminals, who know how to go “low and slow” to evade detection.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. However, what Goldman Sachs is doing represents a different level of preparedness for hacking attacks, data breaches and similar digital threats — though one that carries its own risks.

Exercises 151

Exercises Louisiana Cyber Security Tools 151

FICO

JUNE 9, 2022

I’m proud of the innovation FICO’s data science organization continues to infuse into our solutions, and am excited to blog about the two new AML Scores. Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection.

Analytics 52

Analytics San Diego Cyber Security Data 52

Insights on Business

MAY 18, 2018

The world’s data is doubling every 12 months. And financial transactions are among a fast-growing subsection of data types. The expansion of channels expands the threat of money laundering, fraud, and hacks — as well as regulatory requirements for necessary protections. Automation is the only way to make operations efficient.

Operations 93

Operations Security Cyber Security Customer Experience 93

NCR

DECEMBER 7, 2016

These innovations are already changing how the industry operates and how businesses engage with their customers, and are only set to become more important in the years to come. ” Fighting fraud with machine learning. It is concerned with the development of programs that can teach themselves to grow and respond to new data.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Cisco

JUNE 7, 2019

While the days of the good ol’ “stickup” bank robbery, cybersecurity threats are rapidly growing in number and complexity, and even the most advanced security teams scramble to keep up. After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud.

Fraud 63

Fraud Retail San Diego Cyber Security 63

Payments Source

OCTOBER 17, 2018

Stripe’s expanding global profile has come with a growing security risk operation, which will now be overseen by former Google security expert Niels Provos.

Google 63

Google Security Operations Cyber Security 63

Cisco

JUNE 7, 2019

While the days of the good ol’ “stickup” bank robbery, cybersecurity threats are rapidly growing in number and complexity, and even the most advanced security teams scramble to keep up. After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud.

Fraud 48

Fraud Retail San Diego Cyber Security 48

PYMNTS

JULY 29, 2019

Business E-mail Compromise (BEC) fraud has been gaining ground and growing in terms of number of incidences, according to a recent report. The data was reported in the July 2019 Financial Trend Analysis report. And the data shows that between July 2018 and June 2019, roughly 6,000 organizations were targeted each month.

Fraud 138

Fraud Cyber Security Cards Report 138

NCR

MAY 3, 2016

Once inside the bank’s system, the GozNym trojan transfers financial data and screenshots back to the attacker, who then can use that information to steal directly from the bank customer’s account. Securing the Vault. A good security policy is a dynamic, constantly evolving document that should be updated continuously.

Policies 40

Policies Security ATM System 40

PYMNTS

SEPTEMBER 24, 2018

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? In the ICO investigations that followed, the regulator said that when it came to data of U.K.

Data 152

Data Cyber Security Regulation social media 152

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions.

Exercises 119

Exercises Resources Industry Cyber Security 119

FICO

MARCH 23, 2021

Advances in cyber-security alongside fast, reliable and secure payment channels are expected to drive the US$37 billion potential opportunity financial services could monetise by 2030. It’s fair to say, every piece of data is another jigsaw piece to leverage insight from. Scaling the Opportunity for Financial Services.

Cyber Security 52

Cyber Security Retail US Trends 52

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. Plus, consumers don’t like passwords as a security measure. Data Security Matters.

Management 52

Management Security Cyber Security social media 52

PYMNTS

JANUARY 6, 2020

A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. This is only [a] small part of Iran’s cyber ability! In another targeted attack in 2014, backed by the Iranian government, hackers broke into the Las Vegas Sands Corporation and wiped out computers, destroying data.

US 131

US Las Vegas Cyber Security Los Angeles 131

PYMNTS

AUGUST 6, 2018

Those groups who conduct carefully planned cyberattacks to steal information or disrupt operations are usually state-linked, the minister said. According to a report in Associated Press citing comments made in Parliament, the cabinet minister said the cyberattack on SingHealth records was the work of an “advanced persistent threat” group.

Cyber Security 100

Cyber Security United States Groups National 100

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. FICO is not alone in these efforts. Several groups have also called for comprehensive industry regulation.

Policies 52

Policies Company Regulation Risk Management 52