PYMNTS

FEBRUARY 5, 2020

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. “We We’ll continue to provide updates as we securely bring our systems back online.”.

Cyber Security 131

Cyber Security System Security Community 131

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

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

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

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

JUNE 13, 2017

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals.

New Jersey 100

New Jersey System Industry Fraud 100

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

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

PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. Other companies that took part in the exercise included BAE Systems , Lockheed Martin , Northrop Grumman and Raytheon , “all of whom are members of the U.S. Defense Industrial Base,” Boeing said.

Exercises 151

Exercises Louisiana Cyber Security Tools 151

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

NCR

DECEMBER 7, 2016

Royal Bank of Scotland will start using it for online communication from December 2016. Pelican founder and CEO Parth Desai said: “We hope this survey serves as a wake-up call to an industry still relying heavily on manual processes and legacy systems. ” Fighting fraud with machine learning.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Tomorrow's Transactions

APRIL 25, 2016

Bangladesh’s central bank chief resigned on Tuesday, the finance minister said, after hackers stole $81 million from the nation’s foreign reserves in an audacious cyber-heist that has hugely embarrassed the government. Fed Says Its Systems Weren’t Breached in $80 Million Cybertheft | American Banker. ” From N.Y. No, it doesn’t.

Bitcoin 30

Bitcoin System Fraud New York 30

American Banker

NOVEMBER 7, 2016

Tesco Bank has confirmed that over the weekend, some of its customers' accounts were subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.

Online 65

Online Cyber Security System Digital Banking 65

FICO

AUGUST 4, 2020

Traditionally the vendor security risk assessment process has involved a manual and cumbersome spreadsheet-and-email system that is typically slow, labour-intensive, and potentially inaccurate. The score reflects key risk indicators including the health and hygiene of IT systems, network infrastructure and software and services.

Security 52

Security Risk Management Cyber Security System 52

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

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. 26 percent reuse five or fewer passwords across all their accounts. Unified Approach.

Management 52

Management Security Cyber Security social media 52

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. “We teach you to make sure you use our system in a manner that doesn’t open any security loopholes.”

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

OCTOBER 3, 2016

Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. Teamed up with WooCommerce to help online merchants manage sales taxes. Acquired Aurora Financial Systems. Forte Payment Systems ( FD15 ). Arxan ( FD15 ).

San Francisco 18

San Francisco Taxes Lending Colorado 18

PYMNTS

NOVEMBER 11, 2016

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. The bank had to suspend online transactions but quickly resumed full service after the theft. Hackers Lift $3M From Tesco Bank.

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

FICO

JANUARY 5, 2023

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities. FICO is not alone in these efforts. See all Posts.

Policies 52

Policies Company Regulation Risk Management 52