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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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Will 5G Be Secure Enough During Early Deployments?

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As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G phones in the first half of 2019, underscoring the near-term approach of increased mobile speeds and other features of 5G.

Security 143
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Experts: US House Examines Legislative Actions To Combat Cybercriminals

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But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227
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TeleSign Offers New iOS Capabilities For App Verify, Protects From Fraud

PYMNTS

TeleSign , the world’s first end-to-end communications platform as a service, announced new iOS capabilities for its mobile app verification service, App Verify. TeleSign’s Fraud Report found that 64 percent of companies prioritize smooth and simple user registration and account verification over cyber security needs.

Fraud 100
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Payment Security: Aligning To A Broader “Digital Business Transformation” Agenda

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No incessant authentication requests … all without sacrificing their security. Enter intelligent Payment Security. These intelligent solutions not only let you build a secure e-commerce strategy centered on customer value, but also a broader digital business transformation plan focused on competitive advantage. No interruptions.

CA 100
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5 security threats to watch in 2019

Payments Source

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks.

Security 156
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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

The chosen tech company must have at least two years of experience and a “proven track record of developing and launching mobile applications.”. It is also expected that it would help increase financial inclusion in Sri Lanka.”. Sri Lanka joins a list of countries that is looking to embrace blockchain.