Remove Cyber Security Remove Fraud Remove Operations 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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US And UK Blame Russia For NotPetya Virus

PYMNTS

The United States and Britain have accused Russia of releasing a cyberattack that impacted computers around the world and could be used to launch offensive attacks. and British officials warned that infected routers could be used to launch future offensive cyber operations.

US 116
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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. He and an accomplice operated from Nigeria, targeting the U.S., New Zealand and a number of other countries. ” The Larger Trends.

Idaho 153
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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

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. FBI InfraGard.

Fraud 88
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Girding For Iran’s Cyberattacks On The US — Where Past May Be Prologue

PYMNTS

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! At this time, there is no confirmation that this was the action of Iranian state-sponsored actors. We’re always ready.”

US 131
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Singapore Minister Says Breach May Have Been State-Linked

PYMNTS

Those groups who conduct carefully planned cyberattacks to steal information or disrupt operations are usually state-linked, the minister said. Although Iswaran would not specify which state he thinks is behind the attack, he did say that other advanced persistent threat groups include the hackers that breached the U.S.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.