PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. Holistic Defense.

Fraud 133

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NCR

NOVEMBER 8, 2016

He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. While the ISO reports to the board on all cybersecurity, the degree to which this person is engaged across all banking functions can make a significant difference preventing digital fraud.

Cyber Security 63

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PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

PYMNTS

APRIL 8, 2020

a wave of new cyberattacks appears to be taking advantage of the situation in both countries, according to a Reuters report. The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. As the coronavirus pandemic continues to roil the U.S. and the U.K.,

Cyber Security 173

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The Paypers

JUNE 7, 2017

(The Paypers) Bottomline Technologies report results have revealed that fraud and the need for greater cyber-security measures remain high on the agenda for financial decision makers.

Cyber Security 28

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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

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FICO

JULY 31, 2019

The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Service Organization Controls reports). Promote awareness by inviting the vendor to review their FICO® Cyber Risk Score or other cyber assessment tool.

Cyber Security 70

Cyber Security Management Security Risk Management 70

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

Survey 52

Survey Fraud Cyber Security Compliance 52

PYMNTS

JANUARY 10, 2021

The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack.

Cyber Security 202

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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

Payments Source

AUGUST 22, 2018

Account takeover (ATO) fraud currently drives the largest fraud losses at North American financial institutions within digital channels, according to a new report from Aite Group and Early Warning, the bank organization that operates the Zelle payment network brand.

Fraud 92

Fraud Data Mobile Payments 92

PYMNTS

JUNE 26, 2017

This past Saturday (June 24) British Parliament was one such entity that fell victim to a cyber attack. Reports from this event stated that the hit was a “sustained and determined” cyber attack with the goal of finding weak email passwords. ”

Cyber Security 128

Cyber Security National Security Software 128

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

Qudos Bank

FEBRUARY 15, 2024

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

Cyber Security 52

Cyber Security Fraud Security Online 52

Qudos Bank

DECEMBER 9, 2021

Unfortunately, scams and financial fraud are becoming more and more common each year. In fact, during 2020, 216,084 scams were reported to Scamwatch - an increase from 167,000 in 2019 1. Common behaviours exhibited by people who have been victims of fraud to look out for include: They are suddenly short on money.

Cyber Security 40

Cyber Security Fraud Security Report 40

Banking 2020

SEPTEMBER 10, 2015

MarketWatch reported that in April 2015, cyber attackers threatened more than 100 financial firms with DDoS extortion. It’s clear that cyber threats and identity theft tactics are getting smarter, and that banks need to amp up their security practices to combat this evolution. Talk about a bad Monday.

Cyber Security 40

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PYMNTS

JUNE 15, 2017

Or, video footage can be combined with exception-based reporting at the point of sale, which can help identify cashier fraud. The reporting software looks for anomalies based on its algorithms. That same precision can be used for more than catching bad guys.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

AUGUST 17, 2020

CNN reported Canadian officials detected as many as 300,000 attempted attacks to access accounts. The credentials used in the attack came from previous, non-government of Canada data breaches,” said Scott Jones, head of Canada’s Centre for Cyber Security, the agency that leads the government’s response to cybersecurity attacks.

Cyber Security 163

Cyber Security Taxes Survey New York 163

PYMNTS

MARCH 10, 2020

service, which lets hackers advertise and sell stolen information, has been arrested by the FBI, according to published reports Tuesday (March 10). Online hacking scandals are prevalent in today’s digital era, with major businesses reporting breaches of their security often. regularly, the FBI said.

National 134

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PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The National Cyber Security Centre said it was providing technical support. The attack occurred on New Year’s Eve.

Cyber Security 131

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PYMNTS

MAY 9, 2016

As reported by BBC , the attacks have ranged across a gamut of activity, from spyware to viruses to malware, according to the U.K. government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. As has been reported, the British government is investing as much as £1.9 billion ($2.7

Cyber Security 100

Cyber Security Survey Security National 100

PYMNTS

MAY 15, 2017

As has been widely reported, a massive attack hit everything from the United Kingdom’s National Health Service, European automakers and Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries into Saturday. According to a report in Bloomberg , 16 NHS hospitals in the U.K.

Cyber Security 101

Cyber Security National Security System 101

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

FEBRUARY 6, 2019

Reuters , citing cybersecurity researchers, reported that the attack was part of a global hacking campaign initiated by the Ministry of State Security in China aimed at stealing intellectual property and corporate secrets. But if I put on my paranoia hat, this could have been catastrophic,” he said in the report. “If

Software 123

Software Company Cyber Security Security 123

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

MAY 2, 2019

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters.

Meeting 171

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Perficient

APRIL 2, 2021

fraud detection and financial crime monitoring). email, text, audio data), with the aim of identifying fraud or anomalous transactions. Applications include analysis of regulations, news flow, earnings reports, consumer complaints, analyst ratings changes, and legal documents. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

FICO

DECEMBER 12, 2022

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. The Power of Patents.

Analytics 52

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PYMNTS

JULY 28, 2019

The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. “The Sabine Parish School System was hit with an electronic virus early Sunday morning,” reads a statement on the school district’s website, according to CNBC.

Louisiana 162

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PYMNTS

JANUARY 7, 2020

The alleged perpetrators of a cyberattack on Travelex , the “world’s largest retail currency dealer,” was Sodinokibi, a cyber gang demanding ransom, according to reports. Those banks “have been unable to process customers’ requests,” reports said. Sodinokibi contacted the BBC on Tuesday (Jan.

Cyber Security 130

Cyber Security Online Retail National 130

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018.

Cyber Security 122

Cyber Security Security Cards Resources 122

Qudos Bank

MAY 11, 2023

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

Cyber Security 40

Cyber Security Fraud Security Online 40

SWBC's LenderHub

JANUARY 26, 2016

Krebs on Security is a daily blog that provides detailed insight for information and cyber security, authored by Brian Krebs, an American journalist and investigative reporter. A couple weeks ago, I ran across the blog post below and thought I should pass it along to everyone I knew.

Cyber Security 60

Cyber Security Security Report Fraud 60

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 On Wednesday (Feb. 5), Toll identified the ransomware as an offshoot of a popular Mailto iteration. “We

Cyber Security 131

Cyber Security System Security Community 131

PYMNTS

NOVEMBER 2, 2016

According to a report , research suggests the U.K. Chancellor of the Exchequer Philip Hammond said, according to the report, that the country is “an acknowledged global leader in cybersecurity.” ” The way to do that, noted the report, is to increase spending to fight cyberattacks. million cases of cybercrime.

Cyber Security 100

Cyber Security social media Security Survey 100

PYMNTS

OCTOBER 12, 2016

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. Symantec further reports that Odinaff is likely linked to Carbanak, a hacking group that focuses on banks and merchant point-of-sale systems.

Groups 100

Groups Cyber Security United States System 100

FICO

DECEMBER 2, 2019

“Small and medium-sized businesses often have a smaller internet footprint than larger organizations, making specialized risk assessment techniques especially important,” said Doug Clare, FICO’s vice president for cyber security solutions. A new report from Chartis Research named FICO as a category leader in cyber risk quantification.

Cyber Security 52

Cyber Security Risk Management Security Software 52