PYMNTS

JANUARY 7, 2020

The gang demanded $6 million in ransom in exchange for not releasing sensitive information regarding Travelex customers, including birth dates and credit card numbers. The Travelex website shared that its online services were temporarily unavailable “due to planned maintenance,” but would be working again soon.

Cyber Security 130

Cyber Security Online Retail National 130

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

Banking 2020

SEPTEMBER 10, 2015

By reselling keystroke encryption software to your customers, and making it available for your employees, you can profit from the security upgrade and stop the transfer of personal and sensitive information before it gets into a cyber attacker’s hands. Do your customers know about these other types of fraud?

Cyber Security 40

Cyber Security Security Fraud Software 40

Qudos Bank

DECEMBER 9, 2021

Unfortunately, scams and financial fraud are becoming more and more common each year. Common behaviours exhibited by people who have been victims of fraud to look out for include: They are suddenly short on money. Most cybercrimes can be reported through the Australian Cyber Security Centre’s Report Cyber service.

Cyber Security 40

Cyber Security Fraud Security Report 40

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

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. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

Banking 2020

NOVEMBER 24, 2015

First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3

Fraud 40

Fraud Cards Cyber Security System 40

PYMNTS

MAY 23, 2017

Targeted specifically were customers of state lender Sberbank, customers of Alfa Bank and customers of online payments company Qiwi. A BNP Paribas spokeswoman was unable to confirm or deny this information, but added that the bank “has a significant set of measures in place aimed at fighting cyber attacks on a daily basis.”

Cyber Security 101

Cyber Security Security Mobile Software 101

PYMNTS

MARCH 17, 2017

This includes selling off information that is acquired or publicly revealing information that can cause damage to a brand or person.”. The benefit of more robust commercial solutions is that they can correlate information in order to spot patterns and identify threats before they occur,” Douthwaite explained. It gets worse.

Cyber Security 100

Cyber Security National Security Software 100

FICO

SEPTEMBER 18, 2020

Secondly, ‘statistically driven CRQ’, solutions that make use of available data and advanced analytics techniques, including artificial intelligence, to make more informed assessments of relative cyber risk. The score is based on billions of cyber risk indicators that are monitored at Internet scale. by Manish Karir.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

Payments Source

MAY 3, 2018

The spread of breached identity information has resulted in an outbreak of new account creation fraud with a new ground zero for the crimes pointing right at Latin America.

America 71

America Fraud Cyber Security Online 71

PYMNTS

JUNE 13, 2017

prosecutors sentenced a Ukrainian man, who was charged with running two hacking forums online, to 41 months in prison. According to a report by Reuters, Sergey Vovnenko, who went by the aliases “Flycracker” and “Darklife,” was sentenced for taking over more than 13,000 computers to get his hands on logins and credit card information.

New Jersey 100

New Jersey System Industry Fraud 100

FICO

FEBRUARY 2, 2017

Your fitness wearable times your run, tracks your progress, and calculates your distance based on location, which is great—until that information, stolen during a data breach, ends up in the hands of a cyber stalker. FICO offers important defenses to protect wearables data and all sensitive information.

Cyber Security 40

Cyber Security Security Data Fraud 40

PYMNTS

AUGUST 23, 2017

Recent research by San Francisco-based cyber security company RiskIQ , aggregated in the company’s 2017 State of Enterprise Digital Defense Report , shows 68 percent of corporate decision-makers have little to no confidence in this area. How confident do you feel in your ability to handle and mitigate the situation? Finally, the tech.

Mobile 102

Mobile San Francisco Tools Security 102

Gonzobanker

NOVEMBER 17, 2016

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Tomorrow's Transactions

APRIL 25, 2016

If no second factor of authentication was required for the Central Bank of Bangladesh’s transactions, then the hackers could meet Swift’s requirements by using the information they stole from the Bangladesh bank. From Sir Bernard Hogan-Howe online fraud refund claim provokes anger – BBC News. No, it doesn’t.

Bitcoin 30

Bitcoin System Fraud New York 30

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

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. The amount of information they collect in a single day is too much for a human to sort through. Retail needs some help.

Technology 173

Technology Retail social media Fraud 173

PYMNTS

SEPTEMBER 13, 2018

Fraud rates are expected to skyrocket, too, with researchers projecting a nearly 200 percent increase within the next five years. We’re already using AI to analyze underlying patterns in complex market environments, and we’re enhancing client security through biometrics and fraud detection algorithms,” he said. Smarter Security.

Security 110

Security Fraud Cyber Security Data 110

Gonzobanker

DECEMBER 22, 2015

To Facebook’s Jerry Canning , a solid digital panelist at the ABA conference who pointed to the need to engage in conversations online with the customer, “the new CMO.” FFIEC’s Cyber Security Self-Assessment Tool. This is the FIDO Alliance’s objective as it strives to change the nature of online/mobile authentication.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

AUGUST 4, 2020

That is where online vendor risk assessment platforms can meet this demand by providing a single, and easily accessible, source of trust for both buyers and sellers. For buyers needing to assess vendors, online systems allow the flexibility to utilize industry standard security questionnaires, or even create their own customized versions.

Security 52

Security Risk Management Cyber Security System 52

FICO

AUGUST 28, 2020

Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems. 24 percent have had to abandon online purchases because they forgot their password. Data Security Matters. Security isn’t just about keeping data safe.

Management 52

Management Security Cyber Security social media 52

PYMNTS

NOVEMBER 11, 2016

The chain fell victim to a widespread malware attack that stole customer payment information for more than a year, from May 2014 to June 2015. First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. Just days later, the fraud scare actually became reality.

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

FICO

JANUARY 5, 2023

The CFPB has collected information from five of the top BNPL companies and issued a comprehensive industry report. 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. See all Posts.

Policies 52

Policies Company Regulation Risk Management 52