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Social Media Can Make Bank Customers Susceptible To Scams

PYMNTS

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.

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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Bots, humans share the workload of digital fraud

Payments Source

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

The technology protects everything from online transactions and network remote access to social media, personal and business information. According to the Federal Trade Commission, only 26 percent of stolen identities are used for credit fraud. Do your customers know about these other types of fraud?

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UK To Spend Close To £2 Billion To Fight Cyberattacks

PYMNTS

government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel. universities” that will be tasked with increasing security for smartphones, tablets and laptops.

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Some Fintech Podcasts To Add To Your List

William Mills

The team also consists of Rachel Morrissey, executive producer of Fintech5, and Mike King, a fintech social media leader and author of Bankwide. Topics include fintech, risk management, blockchain, fraud detection and more. Bank on IT. BAI Banking Strategies. BankSocial.

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Developing an Information Security Wellness Program for your Financial Institution

Jack Henry

That is, given the same preventative measures, an FI may reduce the number and extent of information security breaches due to fraud. Consider implementing the following three measures in order to achieve information security wellness. Helping employees to recognize the signs of fraud and respond appropriately is a process.