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. He and an accomplice operated from Nigeria, targeting the U.S., New Zealand and a number of other countries. ” The Larger Trends.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

JUNE 15, 2017

If someone is hanging around the storefront for too long, the camera feed triggers the speakers to tell the suspect to come back during operating hours. Or, video footage can be combined with exception-based reporting at the point of sale, which can help identify cashier fraud.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

FEBRUARY 6, 2019

Visma, the business software maker that has more than 900,000 corporate companies in Scandinavia and parts of Europe, said the attack was detected shortly after the hackers got into Visma’s systems. Espen Johansen, Visma’s operations and security manager, said he is confident that none of its customers’ networks were accessed.

Software 123

Software Company Cyber Security Security 123

PYMNTS

MAY 15, 2017

In China, individual users utilizing their Windows operating systems were impacted. The NHS has experienced a major cyber-attack, we are working with law enforcement and our advice will follow shortly!” Action Fraud, the U.K.’s Hospitals shut down in Europe. Similarly FedEx Corp., noted Bloomberg.

Cyber Security 101

Cyber Security National Security System 101

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

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

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

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

Cisco

APRIL 7, 2019

Cyber security is more than just “top of mind.” With the “new normal” of mobile applications, web-based portals, and declining branch visits, cyber security vulnerabilities continue to grow in both number and complexity. What we’re reading on Cyber Security: 1. Triage legacy systems.

Trends 64

Trends Cyber Security Big Data Analytics 64

FICO

DECEMBER 1, 2022

Proper model package definition will improve the operational benefits of AI. This will allow updates to be integrated more smoothly into the existing rules and strategies of the larger artificial intelligence system. As a result, only about a quarter of companies have AI systems in widespread production. Time to market.

Analytics 98

Analytics Phoenix San Diego Tools 98

Cisco

APRIL 7, 2019

Cyber security is more than just “top of mind.” With the “new normal” of mobile applications, web-based portals, and declining branch visits, cyber security vulnerabilities continue to grow in both number and complexity. What we’re reading on Cyber Security: 1. Triage legacy systems.

Trends 48

Trends Cyber Security Big Data Analytics 48

FICO

APRIL 7, 2016

For those of you who aren’t familiar, The Institute for Operations Research and the Management Sciences (INFORMS) is the largest society in the world for professionals in the field of operations research (O.R.), Four hands-on sessions and a fraud presentation by FICO’s Chief Analytic Officer, Scott Zoldi.

Analytics 40

Analytics Cyber Security Conference Fraud 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

JUNE 9, 2022

Rules-based Systems Continue to Underperform. 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 serves on two boards of directors, Software San Diego and Cyber Center of Excellence. Scott received his Ph.D.

Analytics 52

Analytics San Diego Cyber Security Data 52

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

Insights on Business

MAY 18, 2018

The expansion of channels expands the threat of money laundering, fraud, and hacks — as well as regulatory requirements for necessary protections. Artificial Intelligence is now being used by cyber criminals , meaning the sophistication of their methods is increasing, forcing banks to up their game. Efficiency.

Operations 93

Operations Security Cyber Security Customer Experience 93

NCR

DECEMBER 7, 2016

These innovations are already changing how the industry operates and how businesses engage with their customers, and are only set to become more important in the years to come. ” Fighting fraud with machine learning. The need to adopt smarter tools has never been more vital.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 63

Fraud Retail San Diego Cyber Security 63

NCR

MAY 3, 2016

Once inside the bank’s system, the GozNym trojan transfers financial data and screenshots back to the attacker, who then can use that information to steal directly from the bank customer’s account. Securing the Vault. Establish an enterprise-wide security policy. Or, if it hasn’t, it will be soon.

Policies 40

Policies Security ATM System 40

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 48

Fraud Retail San Diego Cyber Security 48

FICO

MARCH 23, 2021

Advances in cyber-security alongside fast, reliable and secure payment channels are expected to drive the US$37 billion potential opportunity financial services could monetise by 2030. Scaling the Opportunity for Financial Services. It’s fair to say, every piece of data is another jigsaw piece to leverage insight from.

Cyber Security 52

Cyber Security Retail US Trends 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

The SMS messaging system was never intended to be used in this way and texts can be intercepted or spoofed. While username/password plus OTP via SMS does provide a level of security, it is certainly not infallible and other methods must be considered. Solutions such as the FICO Cyber Risk Score have been built with this in mind.

Management 52

Management Security Cyber Security social media 52

PYMNTS

JANUARY 6, 2020

A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. This is only [a] small part of Iran’s cyber ability! Denial-of-service attacks attempt to overwhelm systems with huge volumes of requests, which cause servers to crash. We’re always ready.”

US 131

US Las Vegas Cyber Security Los Angeles 131

PYMNTS

AUGUST 6, 2018

Those groups who conduct carefully planned cyberattacks to steal information or disrupt operations are usually state-linked, the minister said. According to a report in Associated Press citing comments made in Parliament, the cabinet minister said the cyberattack on SingHealth records was the work of an “advanced persistent threat” group.

Cyber Security 100

Cyber Security United States Groups National 100

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.

Policies 52

Policies Company Regulation Risk Management 52