Remove Cyber Security Remove Fraud Remove Online Remove United States
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EMV’s Online Fraud Attack Push

PYMNTS

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100
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BEC Run Out Of Detention Center Nets Millions

PYMNTS

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
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Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Tech and Finance

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
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Does Trump’s Cybersecurity Platform Have A Leg To Stand On?

PYMNTS

This week, Donald Trump clenched the title of president-elect of the United States. 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. Hackers Lift $3M From Tesco Bank. 8) that £2.5

Las Vegas 173
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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

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. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.