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 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 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. The hack could hurt Marriott’s reputation at a time when it’s fighting off the likes of Airbnb.

Cyber Security 122

Cyber Security Security Cards Resources 122

Qudos Bank

MAY 11, 2023

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 40

Cyber Security Fraud Security Online 40

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. ” Progress?

Cyber Security 40

Cyber Security Payments Security Regulation 40

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. Where Practical AI Lives: The Corpus AI.

Analytics 98

Analytics Phoenix San Diego Tools 98

PYMNTS

SEPTEMBER 22, 2017

The National Bank of Canada, the sixth largest lender in Canada, has become the latest high-profile firm to announce a data breach. Reuters reported people may have been able to see other customers’ data when filling out an electronic form on the bank’s website.

National 123

National Security Data Software 123

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

FICO

DECEMBER 21, 2018

It’s an understatement to say that 2018 was a year of blockbuster data breaches : Facebook, Marriott, Ticketmaster and British Airways, to name just a few. Here are three ways they’ll work to cure their cyber insecurity. I’ve long thought that securing services through biometric credentials is, at best, a flawed notion.

Cyber Security 40

Cyber Security Comparison Policies Data 40

SWBC's LenderHub

JANUARY 26, 2017

However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard. Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet.

Industry 60

Industry Security Cards Data 60

NCR

DECEMBER 2, 2016

This is clearly an area with huge potential for growth and innovation, but as more and more financial institutions (FIs) jump on the biometrics bandwagon, one of the big concerns for law enforcement agencies and regulators will be the evolving threat of fraud. They will also need to consider how affected customers would be compensated.”

Security 40

Security Payments Cyber Security Regulation 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

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

American Banker

MAY 29, 2016

A recent spate of breaches on Asian banks that allowed hackers access to the Swift network have resulted in finger pointing, and some calls for creating a new, more secure network. But the issues faced by Swift would likely be the same with any replacement network.

Fraud 28

Fraud Security Cyber Security Data 28

American Banker

MAY 24, 2016

Everyone agrees that electronic transactions should be as safe as possible, but a PIN mandate will not prevent online or mobile fraud.

Cards 52

Cards Fraud Mobile Online 52

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

American Banker

DECEMBER 22, 2016

The decision to rewrite the regulation came two days after a hearing in which New York bankers unleashed a litany of complaints about the regulation to Empire State lawmakers.

New York 28

New York Regulation Cyber Security Security 28

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? The breach itself was one where a cyberattack lasted from Aug. 21 to Sept. litigation.”.

Data 152

Data Cyber Security Regulation social media 152

PYMNTS

JUNE 20, 2017

Two years later, the facial recognition technology is the best in the world (yep, even better than Google’s) and is being used for public safety, law enforcement and fraud prevention through cybersecurity. People also worry that their personal biometric data could be stolen and used for nefarious purposes.

Technology 173

Technology Retail social media Fraud 173

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

American Banker

JUNE 1, 2016

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

System 28

System Cyber Security Regional National 28

Gonzobanker

DECEMBER 22, 2015

Chief digital officers were named to kick banks in the tail on growing business more through the digital channel, and chief data officers were appointed to begin using infinobytes of bank data more strategically. Regulator Award. FFIEC’s Cyber Security Self-Assessment Tool. Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52