Matt Wilcox Pro

SEPTEMBER 28, 2020

With National Cyber Security Month upon us in three days, now seems like a good time to revisit the topic of cyber fraud. But rather than focus on the technically proficient cyber-criminal, today I shall focus on people who unwittingly obtain undeserved credits and refunds, aka friendly fraud.

Cyber Security 88

Cyber Security Fraud National US 88

PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The new payment modes that have to be added are in addition to whatever payment methods a company already provides. The new regulation went into effect on Jan.

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

MAY 9, 2016

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

Cyber Security 100

Cyber Security Survey Security National 100

PYMNTS

JULY 25, 2016

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. China announced this summer that it would let non China-based payment card companies operate in the country, but they would have to follow China’s rules.

Cyber Security 100

Cyber Security Payments Cards Marketing 100

PYMNTS

DECEMBER 2, 2019

Just last week, India’s Minister of state for electronics and IT (MeitY) announced that the government is drafting a national framework to expand the deployment of blockchain use cases.

blockchain 132

blockchain System Cyber Security Technology 132

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

NOVEMBER 3, 2017

The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure. And Apple isn’t alone making P2P payments noise. Find the story in the latest edition of the Faster Payments Tracker. .

Trends 125

Trends Apple Cyber Security Analysis 125

PYMNTS

JANUARY 29, 2018

For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A press release published last week by gov.uk highlighted a government survey that found only 38 percent of businesses have even heard of GDPR.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

MAY 23, 2017

Targeted specifically were customers of state lender Sberbank, customers of Alfa Bank and customers of online payments company Qiwi. A BNP Paribas spokeswoman was unable to confirm or deny this information, but added that the bank “has a significant set of measures in place aimed at fighting cyber attacks on a daily basis.”

Cyber Security 101

Cyber Security Security Mobile Software 101

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.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

APRIL 11, 2018

From day one, Bitcoin was marketed to the world as a fast & cheap global payments network. ’s National Cyber Security Centre said that cryptojacking could very well “become a regular source of income for website owners,” CoinDesk reported. And it may not be going away: The U.K.’s

Bitcoin 102

Bitcoin Cyber Security cryptocurrency Report 102

Qudos Bank

DECEMBER 9, 2021

Stop all payments related to the scam regardless of what the scammer tells them. Contact their bank immediately if they’ve made payments or shared personal banking details. Most cybercrimes can be reported through the Australian Cyber Security Centre’s Report Cyber service. 1 [link]. . .

Cyber Security 40

Cyber Security Fraud Security Report 40

PYMNTS

FEBRUARY 24, 2020

The country takes privacy, particularly financial privacy, seriously, passing its Cyber Security Law in 2016, followed by the Personal Information Security Specifications in 2018 and the MLPS 2.0 Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

Banking 2020

NOVEMBER 8, 2015

The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016.

Cyber Security 40

Cyber Security Payments Security Regulation 40

PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. As many as 3.25 million cards, the majority are on the Visa or Mastercard platform — 2.65

Cards 100

Cards ATM Security National 100

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC).

Regulation 309

Regulation Industry Risk Management Analysis 309

Payments Source

FEBRUARY 26, 2019

The CEO of the nation's biggest bank gave the fintech props for revolutionizing payments and then building off its success to provide a whole range of services to small-business clients.

Innovation 84

Innovation National Fintech Payments 84

Jeff For Banks

OCTOBER 4, 2014

We do it by relying on the payments system or the difficulty in switching banks to retain customers. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. As Auther says, banks still provide access to the payment system.

Technology 105

Technology Cyber Security FDIC Strategy 105

Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

Fraud 31

Fraud Company Cyber Security United States 31

Payments Source

NOVEMBER 28, 2018

The comments by Brent McIntosh, Treasury's general counsel, are at odds with concerns by state regulators and consumer groups who fear that a national standard on how firms handle data breaches could weaken pre-existing rules.

National 63

National Regulation Groups Data 63

NCR

MAY 3, 2016

For those in the banking industry fighting on the front lines of the escalating cyber war, this isn’t news. But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. The Turning Point.

Policies 40

Policies Security ATM System 40

Tomorrow's Transactions

NOVEMBER 7, 2014

Cyber Innovation: for example, behavioural analytics; the rise of private cyber cash, new payment platforms, mobile banking, privacy and consent, economics of cyber security. The event had three main themes: The future of UK financial regulation and British competitiveness post-FSA. From Rustat Conferences ].

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

NCR

NOVEMBER 14, 2016

Of the myriad mechanisms, sectors and services that make up the global financial system, one of the fastest-growing is the payments space. From contactless cards and mobile wallets to the exciting potential of biometric data, there are all sorts of innovations having an impact on payments. Singapore seeks a unified payments landscape.

Payments 40

Payments Regulation Cyber Security National 40

PYMNTS

SEPTEMBER 24, 2019

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. Israel is a startup nation, second only to Silicon Valley, with the highest density of startups in the world,” Facebook COO Sheryl Sandberg said at the time.

Digital Banking 109

Digital Banking NV Cyber Security Innovation 109

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Nelson joined the organization in 2006 after previously serving as the executive vice president of NACHA- The Electronic Payments Association. We hadn’t done that before,” Nelson said.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

MAY 8, 2017

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. 80 percent of U.K.

Data 101

Data US Guidelines Cyber Security 101

American Banker

DECEMBER 12, 2016

The payments messaging network Swift has told its client banks that the threat of cyberattacks "is very persistent, adaptive and sophisticated — and it is here to stay.".

Report 28

Report Payments Cyber Security Regional 28

Fintech Labs Insights

OCTOBER 3, 2016

Helped facilitate payments to expert freelancers on OnFrontiers network. Won Best Corporate/Government Payments Programme at Emerging Payments Awards. Connected digital payments hub with Finovate alum Klarna’s checkout solution. Listed in Silicon Review as one of the 20 fastest growing security companies.

San Francisco 18

San Francisco Taxes Lending Colorado 18

Gonzobanker

DECEMBER 22, 2015

It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. A slew of new chief payments officers were appointed in 2015 to drive this critical revenue source. FFIEC’s Cyber Security Self-Assessment Tool. Not even close. .

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

NOVEMBER 11, 2016

Many are hoping Trump will do a better job safeguarding our nation from cybersecurity threats than his own hotel chain has fared over the years. The chain fell victim to a widespread malware attack that stole customer payment information for more than a year, from May 2014 to June 2015. Hackers Lift $3M From Tesco Bank.

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

FICO

JANUARY 5, 2023

In March 2022, the Securities and Exchange Commission (SEC) issued proposed rules regarding cybersecurity risk management, strategy, governance, and incident disclosure for public companies subject to the reporting requirements of the Securities Exchange Act of 1934. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.

Policies 52

Policies Company Regulation Risk Management 52