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Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Likewise, Alphabet reported a strong Q3, thanks in large part to renewed consumer spend.

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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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DataVisor Launches Partner Program To Help Fraud-Proof Larger Businesses

PYMNTS

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

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KPMG: How AI Defense Can Counter Faster Payments Fraud

PYMNTS

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.

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KPMG cybersecurity expert Matt Miller joins Sept. 9 panel on bank security and ID best practices

BankInovation

Cyber Security Services Banking practice at consultancy KPMG New York, will join a live webinar presented by Bank Automation News on “Automation technology for exceptional bank cybersecurity and ID verification” Sept. Cyber fraud and the frequency of losses are increasing,” Miller […]. 9, at 11:30 a.m.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

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4 considerations for banking leaders concerned about cyber security

NCR

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. ISOs who communicate with technology-specific terms and jargon are not serving the security interests of the bank well.