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

Fraud Data Mobile Payments 92

The Paypers

OCTOBER 14, 2021

US-based fraud prevention company Arkose Labs has entered the group of companies specialised in web development and cyber security to strengthen its capabilities in developing new solutions.

Cyber Security 28

Cyber Security Fraud Groups US 28

PYMNTS

JANUARY 9, 2020

Travelex, owned by the Abu Dhabi-based financial services group Finablr , serves over 70 markets. The National Cyber Security Centre said it was providing technical support. Some criminal groups have links to Syria and Iran, according to research by McAfee.

Cyber Security 131

Cyber Security Groups System Data 131

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

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

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. fraud detection and financial crime monitoring). email, text, audio data), with the aim of identifying fraud or anomalous transactions.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

MAY 15, 2017

National Security Agency, and Friday’s tally comes to more than 126,000 cases of infection. 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 s central cybercrime unit said on Twitter, reported Bloomberg. noted Bloomberg.

Cyber Security 101

Cyber Security National Security System 101

PYMNTS

MAY 23, 2017

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.

Cyber Security 108

Cyber Security Groups Security Bitcoin 108

FICO

DECEMBER 12, 2022

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. The Power of Patents.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

NCR

JUNE 23, 2017

According to an Accenture survey , senior bank staff who participated believe their cyber security defenses are secure even though one-third of attempts by cybercriminals to breach banks are successful. Online fraud is one of the biggest challenges for the financial community. billion by 2020. Image: iStock/hh5800.

Fraud 45

Fraud Cyber Security social media Analytics 45

American Banker

DECEMBER 14, 2023

That organization allegedly supplies fake Microsoft accounts to groups like Scattered Spider, whose targets include financial companies. A federal judge has issued a temporary restraining order against websites created by Storm-1152.

Groups 83

Groups Company Cyber Security Fraud 83

PYMNTS

JULY 15, 2016

“These rules simply target that unbanked or underbanked group,” Fauss notes. “It frankly insults the intelligence of this group of consumers. Fauss notes that is not a regulatory hurdle regular DDA accounts must clear. Until you walk a mile in their shoes and think like a person who can’t open a bank account.

Cards 100

Cards Millennials Regulation Cyber Security 100

American Banker

OCTOBER 21, 2022

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Tools 41

Tools Groups Cards social media 41

American Banker

NOVEMBER 29, 2023

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

National 28

National Groups Data Company 28

American Banker

JUNE 10, 2016

A vendor-created messaging network has attracted hundreds of community banks, many of which have decided it is easier to stop financial crime as a group.

Community Bank 28

Community Bank Fraud Community Groups 28

NCR

MAY 3, 2016

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. One such group stole over $100 million in March 2016 from the Bangladesh central bank account at the Federal Reserve Bank of New York.

Policies 40

Policies Security ATM System 40

American Banker

MAY 12, 2020

Public Interest Research Group, discusses what can be done to stop them. Fraudsters are attempting to intercept stimulus checks, set up bogus charities and defraud applicants for unemployment benefits. Mike Litt, consumer campaign director of U.S.

Groups 50

Groups Cyber Security Fraud Security 50

Tomorrow's Transactions

APRIL 25, 2016

A group of elderly criminals with long police records (“old lags” in the English vernacular) staged the biggest burglary in British history by tunnelling through concrete into the vaults of a safe deposit company in London’s Hatton Garden district. So: the back received a perfectly legitimate request on a secure channel.

Bitcoin 30

Bitcoin System Fraud New York 30

Fintech Labs Insights

APRIL 27, 2016

” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. “FinTech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud,” Zac Cohen, Trulioo General Manager said.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

Exercises 119

Exercises Resources Industry Cyber Security 119

American Banker

OCTOBER 14, 2020

Executives and technology analysts offered a host of concerns that are likely to dog credit unions well into the new year.

Technology 85

Technology Cyber Security Groups Fraud 85

PYMNTS

SEPTEMBER 24, 2018

Consider the fact that the stolen data, as reported in Forbes and other publications, was garnered through a script that helped the bad guys “skim” payment pages, and the methodologies have brought some observers to conclude that the hackers belong to Magecart, the group behind the Ticketmaster breach. Other Financial Impacts Loom.

Data 152

Data Cyber Security Regulation social media 152

Gonzobanker

DECEMBER 22, 2015

FFIEC’s Cyber Security Self-Assessment Tool. Commercial loan process provider Baker Hill announced a rebirth when it was acquired from parent company Experian by private investor group Riverside and merged with marketing analytics provider DMA. Thank You Sir, May I Have Another?’ Demo Quote. Tie: Arguing with your co-presenter.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

OCTOBER 3, 2016

Listed in Silicon Review as one of the 20 fastest growing security companies. Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. Acquired by Groupe BPCE.

San Francisco 18

San Francisco Taxes Lending Colorado 18

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! Get ready, then, for a scramble from chief information security officers and their teams to shore up various sites — on-premise and in the cloud.

US 131

US Las Vegas Cyber Security Los Angeles 131

PYMNTS

AUGUST 6, 2018

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. Those groups who conduct carefully planned cyberattacks to steal information or disrupt operations are usually state-linked, the minister said.

Cyber Security 100

Cyber Security United States Groups National 100

FICO

JANUARY 5, 2023

CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. Several groups have also called for comprehensive industry regulation. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.

Policies 52

Policies Company Regulation Risk Management 52