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.

social media 101

social media Cyber Security Fraud System 101

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

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.

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Idaho Missouri Cyber Security Fraud 153

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

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Fraud Cards Cyber Security System 40

PYMNTS

AUGUST 1, 2016

. – How business units can collectively drive enhanced digital services, combat fraud, and increase business performance. Digital Discussion Presenter: James Jenkins. James Jenkins, Director at CA Technologies, has earned a wealth of thought leadership experience in SaaS, payment, and cyber security.

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CA Security Payments Cyber Security 100

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.

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Fraud Cyber Security ATM FDIC 88

PYMNTS

SEPTEMBER 13, 2018

It’s also presenting opportunities for fraudsters and cybercriminals — and bad actors are taking advantage. Fraud rates are expected to skyrocket, too, with researchers projecting a nearly 200 percent increase within the next five years. Smarter Security. Recent PYMNTS research found that 70.5 percent noted convenience and 61.6

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Security Fraud Cyber Security Data 110

PYMNTS

MAY 24, 2016

– What are companies doing to battle cyber security and avoid fraud? Digital Discussion Presenter: Ed Jordan. . – B2B payment trends – how are businesses paying today, and what does this mean for AR? – Network-based payment solutions. – Advances in cash application – the hybrid model.

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Cyber Security New Jersey User Experience Innovation 109

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

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. Image: iStock/hh5800.

Fraud 45

Fraud Cyber Security social media Analytics 45

FICO

APRIL 7, 2016

Four hands-on sessions and a fraud presentation by FICO’s Chief Analytic Officer, Scott Zoldi. Also, Scott Zoldi, FICO’s CAO and a renowned thought leader on fraud analytics, will speak as part of the event’s Fraud Detection and Cyber Security track.

Analytics 40

Analytics Cyber Security Conference Fraud 40

FICO

SEPTEMBER 18, 2020

The FICO® Cyber Risk Score allows organizations the ability to quantify the relative cyber risk of an unlimited number of partners and suppliers, by effectively analysing and controlling the cyber risks presented to their company, data, operations and finances, by organizations other than their own.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

FICO

SEPTEMBER 25, 2017

In real terms, if you are building a supervised machine learning model to try to detect fraud, it is important to avoid the temptation to tweak it until it finds every tagged fraud in your data set. You want your model to be effective on transactions it hasn’t seen. The Sexy Features They Didn’t Want You to See.

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Training Cyber Security Data Fraud 64

PYMNTS

SEPTEMBER 24, 2018

12 by James Dipple-Johnstone to the CBI Cyber Security: Business Insight Conference, the Information Commissioner’s (ICO’s) office has been getting about 500 calls weekly to the breach reporting line since May 25, and amid that deluge, many organizations ultimately decided that the breach does not meet reporting thresholds.

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Data Cyber Security Regulation social media 152

FICO

FEBRUARY 9, 2023

If you use ChatGPT to write your paper or create other work products you present as of your own creation, you are cheating. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks. Call me old-fashioned, but I believe cheating is wrong.

Analytics 52

Analytics Training San Diego Cyber Security 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

American Banker

AUGUST 18, 2016

People hold up blockchain as the answer to many security issues, including Swift-related hacks and card-not-present fraud. But distributed ledgers have vulnerabilities, too.

blockchain 28

blockchain Security Fraud Cards 28

FICO

JUNE 9, 2022

Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. This set of customers, who were never flagged by the bank’s AML, was presented to the bank for detailed review. Rules-based Systems Continue to Underperform.

Analytics 52

Analytics San Diego Cyber Security Data 52

Fintech Labs Insights

MARCH 29, 2017

We saw some great stuff at FinDEVr New York last week; stay tuned for videos of the live presentations! Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub. MasterCard introduces new fraud detection solution, Decision Intelligence. Register today and save big time.

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New York Cyber Security Video Capital 12

Tomorrow's Transactions

NOVEMBER 7, 2014

The nice people at the Fraud Advisory Panel invited me along to their expert stakeholder roundtable on “Protecting Consumers and Reducing Opportunities for Cybercrime”. Cyber Innovation: for example, behavioural analytics; the rise of private cyber cash, new payment platforms, mobile banking, privacy and consent, economics of cyber security.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

Gonzobanker

NOVEMBER 17, 2016

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. Megatrend #2 – Secure and Compliant is a Non-Negotiable. This theme was sparked by keynote speaker Frank Abagnale, author of best-seller “Stealing Your Life.”

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Payments Las Vegas Risk Management Cyber Security 60

FICO

AUGUST 28, 2020

This means making sure the most appropriate method(s) of authentication are used at every interaction, specific to the factors present including; customer preference and ability, level of risk/risk appetite, cost of authentication, and regulatory requirement. Solutions such as the FICO Cyber Risk Score have been built with this in mind.

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Management Security Cyber Security social media 52

Social Assurance

JUNE 22, 2021

Your financial brand should offer financial literacy courses to help younger generations learn basic budgeting, fraud protection, and setting savings goals. Provide free educational resources like a Cyber Security Awareness Kit. Gen Z wants to learn about money – but not always in a classroom lecture style.

Marketing 15

Marketing social media Branding Cyber Security 15

Tomorrow's Transactions

APRIL 25, 2016

Well, there was some controversy about this recently when a senior British policeman said that we may need to reconsider the distribution of responsibilities and liabilities around online financial services to help society tackle the tidal wave of fraud. From Sir Bernard Hogan-Howe online fraud refund claim provokes anger – BBC News.

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Bitcoin System Fraud New York 30

Gonzobanker

DECEMBER 22, 2015

Dan’s Money 20/20 presentation on this was first rate. Driving real results instead of theoretical internal PowerPoint presentations will be a priority for all these newly promoted leaders. FFIEC’s Cyber Security Self-Assessment Tool. Tie: Arguing with your co-presenter. Dan Schulman, CEO of PayPal.

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Community Bank Apple Community Technology 60

Fintech Labs Insights

OCTOBER 3, 2016

Alums presenting at FinDEVr Silicon Valley 2016: Aerospike ( FD15 ). Presented the new incubator class for its Ynext program. Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. Earned a spot on the Big Data 50.

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San Francisco Taxes Lending Colorado 18