PYMNTS

JUNE 29, 2020

Infraud was created in 2010 by Svyatoslav Bondarenko, 34, of Ukraine, to promote and grow interest in the Infraud Organization as the premier destination for purchasing retail items with counterfeit or stolen credit card information online, the Justice Department alleged in the indictment. In April, a joint study by the U.S.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

OCTOBER 29, 2019

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

Company 101

Company Cyber Security Fraud Big Data 101

Payments Source

SEPTEMBER 30, 2018

Visa is pursuing the online criminals to prevent future fraud. Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation.

Fraud 106

Fraud Cards Online Cyber Security 106

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

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

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

Payments Source

DECEMBER 5, 2018

The first wave of data from this year's holiday shopping season is in, providing insights into where the biggest fraud threats are likely to originate in the final weeks of the year.

Fraud 114

Fraud Data Cyber Security Online 114

PYMNTS

JUNE 8, 2018

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. s TSB , for example, the bank saw attempted fraud rise up to 70 times, Reuters reported. We have in place sophisticated systems, which are designed to spot fraudulent activity.

social media 101

social media Cyber Security Fraud System 101

PYMNTS

AUGUST 17, 2020

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs.

Cyber Security 163

Cyber Security Taxes Survey New York 163

Banking 2020

SEPTEMBER 10, 2015

With more than 12,000 keyloggers in distribution, antivirus and anti-spyware aren’t enough to protect online activity from identity thieves. The technology protects everything from online transactions and network remote access to social media, personal and business information. Do your customers know about these other types of fraud?

Cyber Security 40

Cyber Security Security Fraud Software 40

SWBC's LenderHub

OCTOBER 30, 2014

The more convenient modern e-commerce becomes, the more susceptible businesses, financial institutions, and consumers are to fraud. As a lender, you are tasked with meeting your borrowers’ needs for convenient online payment processing technology, while still ensuring the platform is secure.

Cyber Security 60

Cyber Security Risk Management Fraud Security 60

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

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

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

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

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

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

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

FEBRUARY 5, 2020

We’ll continue to provide updates as we securely bring our systems back online.”. 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

American Banker

AUGUST 11, 2016

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

Fraud 28

Fraud Online Digital Banking Cyber Security 28

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

American Banker

NOVEMBER 1, 2016

Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of borrowers trying to obtain multiple loans simultaneously.

Online 28

Online Fraud Cyber Security Analytics 28

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.

Fraud 45

Fraud Cyber Security social media Analytics 45

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 17, 2017

Cyber Ransoms (Still) On The Rise. The latest research from the National Crime Agency and National Cyber Security Centre found that the risk to businesses is “significant and growing,” due to the increasing instances of ransomware attacks. It seems as though the trend of ransomware attacks isn’t disappearing any time soon.

Cyber Security 100

Cyber Security National Security Software 100

PYMNTS

JUNE 13, 2017

This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. prosecutors sentenced a Ukrainian man, who was charged with running two hacking forums online, to 41 months in prison. In February, U.S. Vovnenko was also told to pay restitution of $83,368.

New Jersey 100

New Jersey System Industry Fraud 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.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

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

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

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

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

FICO

FEBRUARY 2, 2017

Credit card fraud has been around for decades, although it has declined very significantly since FICO® Falcon® Fraud solutions were introduced in the early 1990s. More recently, online banking has presented a risk, as credentials stolen during data breaches or by malware have been used to siphon or liquidate money from accounts.

Cyber Security 40

Cyber Security Security Data Fraud 40

PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. As every general and C-suite pseudo-warrior knows, the ancient Chinese military theorist advised that every battle is won before it is ever fought — a saying that highlights the importance of preparation prior to any fight.

Exercises 151

Exercises Louisiana Cyber Security Tools 151

SWBC's LenderHub

JANUARY 16, 2020

Transaction laundering has also been referred to as factoring, undisclosed aggregation, and electronic money laundering, and it occurs when an undisclosed online business uses another company’s payment credentials to process unknown transactions on behalf of the undisclosed business.

Payments 78

Payments Online Cyber Security Fraud 78

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 13, 2016

As online shopping and card fraud increase, startups offering easy-to-use "burner" cards could see strong traction.

Cards 28

Cards Fraud Online Cyber Security 28

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