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

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

PYMNTS

DECEMBER 2, 2019

The chosen tech company must have at least two years of experience and a “proven track record of developing and launching mobile applications.”. It is also expected that it would help increase financial inclusion in Sri Lanka.”. Sri Lanka joins a list of countries that is looking to embrace blockchain.

blockchain 132

blockchain System Cyber Security Technology 132

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

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

Payments Source

AUGUST 1, 2018

Mobile e-commerce is growing fast, and online retail fraud levels are keeping pace with this expanded sales volume.

Mobile 72

Mobile Data Fraud Retail 72

PYMNTS

MARCH 10, 2020

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. He was active on cybercrime forums, advertising Deer.io regularly, the FBI said.

National 134

National Online New York City Cyber Security 134

PYMNTS

MAY 23, 2017

Russian cybercriminals pulled off a small mobile banking heist on their own countrymen with malware for Android mobile devices. The malware was delivered to Russian banking customers via fake mobile banking apps — or via pornography or eCommerce programs.

Cyber Security 101

Cyber Security Security Mobile Software 101

American Banker

APRIL 18, 2016

As mobile wallets become more popular they'll also become more popular targets for fraud. Banks ought to improve enrollment guidelines and other security tools in plotting their mobile-wallet strategy.

Fraud 28

Fraud Mobile Guidelines Tools 28

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

Cisco

APRIL 7, 2019

Mobile-first banking is an immediate driver of digital strategy. How can firms provide rich customer experiences in an ever-changing environment without sacrificing security along the way? Cyber security is more than just “top of mind.” What we’re reading on Cyber Security: 1. Visited a local retail branch?

Trends 64

Trends Cyber Security Big Data Analytics 64

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

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

Cisco

APRIL 7, 2019

Mobile-first banking is an immediate driver of digital strategy. How can firms provide rich customer experiences in an ever-changing environment without sacrificing security along the way? Cyber security is more than just “top of mind.” What we’re reading on Cyber Security: 1. Visited a local retail branch?

Trends 48

Trends Cyber Security Big Data Analytics 48

Payments Source

AUGUST 26, 2019

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.

social media 69

social media Fraud Mobile Payments 69

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. That includes web servers, web and mobile apps, advertising and affiliate organizations.

Mobile 102

Mobile San Francisco Tools Security 102

PYMNTS

MARCH 17, 2017

Various security firms believe more of these are occurring because the exploit in Apache Strut 2 is easy to tap into and publicly known, since word of it started showing up security and hacking websites last week. Cyber Ransoms (Still) On The Rise. Or, at least, this was the first known hack. It gets worse.

Cyber Security 100

Cyber Security National Security Software 100

PYMNTS

MAY 24, 2016

– What are companies doing to battle cyber security and avoid fraud? Before starting at Billtrust, Ed served as CEO of JAGTAG, a mobile technology company, CFO at Flarion Technologies (later was sold to Qualcomm), cofounder and CFO of ITXC Corporation, and CFO of Dialogic Corporation (sold to Intel).

Cyber Security 109

Cyber Security New Jersey User Experience Innovation 109

Banking 2020

NOVEMBER 8, 2015

Announcing the API, Safaricom said it expects developers to create a range of innovative solutions for businesses and consumers using the mobile money service, one of the most successful in existence. A big perceived threat around these changes is security. This is true even if a payment initiation service provider was involved.

Cyber Security 40

Cyber Security Payments Security Regulation 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

American Banker

SEPTEMBER 21, 2016

Banks continue to manually gather ID documents from would-be customers, even ones who sought to open accounts online. Bringing the manual process into the digital age is the goal of several startups.

Fraud 28

Fraud Mobile Online Cyber Security 28

American Banker

AUGUST 26, 2021

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Mobile 76

Mobile Cyber Security Fraud Security 76

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

Tomorrow's Transactions

NOVEMBER 7, 2014

The nice people at the Fraud Advisory Panel invited me along to their expert stakeholder roundtable on “Protecting Consumers and Reducing Opportunities for Cybercrime”. Cyber Innovation: for example, behavioural analytics; the rise of private cyber cash, new payment platforms, mobile banking, privacy and consent, economics of cyber security.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

FICO

JUNE 9, 2022

Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks. Scott received his Ph.D.

Analytics 52

Analytics San Diego Cyber Security Data 52

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. Megatrend #2 – Secure and Compliant is a Non-Negotiable. We don’t expect Alipay’s emergence into the U.S.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

American Banker

OCTOBER 5, 2016

It's time not only to hold banks accountable for their security, but also to provide meaningful regulatory guidance on how to achieve security.

Security 56

Security How To Cyber Security Digital Banking 56

PYMNTS

SEPTEMBER 13, 2018

The number of consumers visiting bank branches is set to decline by 36 percent over the next five years, while mobile banking usage is projected to increase by 121 percent. Fraud rates are expected to skyrocket, too, with researchers projecting a nearly 200 percent increase within the next five years. Smarter Security.

Security 110

Security Fraud Cyber Security Data 110

American Banker

OCTOBER 17, 2016

Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.

Fraud 28

Fraud Examples Cards Company 28

American Banker

NOVEMBER 17, 2016

Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.

Fraud 28

Fraud National Online Cyber Security 28

American Banker

DECEMBER 8, 2016

When BankMobile, the brainchild of Jay Sidhu and his daughter Luvleen, relaunches on a new platform in January, security — especially for the onboarding process — will be completely redesigned.

Security 28

Security Cyber Security Community Bank Analytics 28

American Banker

SEPTEMBER 23, 2016

Financial services IT teams must think like cybercriminals and develop an offensive approach to security at a time when threats are growing in frequency and sophistication.

Security 28

Security Cyber Security Digital Banking Fraud 28

Payments Source

FEBRUARY 7, 2019

Today phishing scams have become so elaborate that they can take a variety of forms, including a phony job interview.

Data 150

Data Cyber Security Online Fraud 150

PYMNTS

MAY 8, 2017

The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. financial institutions, the cost of a single security incident could top nearly $1 million. Point-of-sale system attacks can top $2 million, attacks on mobile devices leave a $1.6 80 percent of U.K. ”

Data 101

Data US Guidelines Cyber Security 101

American Banker

DECEMBER 27, 2016

Banks have used biometrics for about a decade, but there are a number of hurdles that banks, device makers and customers need to overcome before passwords are history.

Cyber Security 61

Cyber Security Analytics Digital Banking Security 61

PYMNTS

OCTOBER 24, 2016

Research by Visa shows over half of European consumers have adopted mobile devices to make everyday payments and in the U.S., In an age rife with financial fraud and global terror threats, banks, fintech companies, remittance companies, and crowdfunding platforms moving money online are putting themselves at risk.

Online 100

Online Fraud Survey Fintech 100

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. 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.

Management 52

Management Security Cyber Security social media 52