PYMNTS

DECEMBER 18, 2020

Social distancing guidelines, stay-at-home orders and mandated dining room closures around the U.S. This revenue free fall could result in 100,000 restaurants nationwide closing either temporarily or permanently, with 40 percent of all restaurant operators unsure whether they can survive six months into the future.

Fraud 229

Fraud Trends Security social media 229

PYMNTS

JANUARY 21, 2020

Just when you think there are no surprises left, this statistic drops: 60 percent of organizations recently polled had no idea their customer data had been breached, because their payments system and process is too opaque to detect it. The digitized trust that enables the payments world to operate doesn’t just backfire on Amazon and Alibaba.

Fraud 131

Fraud social media ATM Industry 131

Perficient

OCTOBER 15, 2020

The world of modern data and analytics continues to evolve and is very exciting. The change really began in earnest about 10 years ago with the introduction of Hadoop and big data processing. While this explosion of data use cases started on premises, it is most certainly migrating to the Cloud as the primary platform.

Analytics 332

Analytics Data Video Big Data 332

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. Carding shops offer bulk sales on compromised payment card data. One of the most important links in the chain of e-commerce fraud is the “mule”.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. Mobile ordering is at the center of business operations for Blaze Pizza and many fast casual dining chains today.

Fraud 177

Fraud Mobile social media Customer Experience 177

PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” The data, which was processed from 2007 through 2014, was accessible to developers of third-party vendors without the Facebook users providing consent.

social media 134

social media Data Security Report 134

PYMNTS

AUGUST 20, 2020

The news site attributed information about the data exposure to researcher Bob Diachenko of security firm Comparitech. 19) report on news site Information Security stated, in part: “Diachenko first contacted Deep Social using the email address listed on its website to disclose the exposure. Social Data is in a similar business.

social media 285

social media Data Security Operations 285

PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

Analytics 116

Analytics Data Fraud Tools 116

PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. Malware targeting computers running the Windows 7 operating system were especially hard-hit, rising 125 percent, according to the report.

Industry 225

Industry Fraud social media Security 225

PYMNTS

OCTOBER 29, 2018

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s already happening, of course, albeit tentatively.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

DECEMBER 6, 2018

Facebook , under renewed scrutiny for its business practices, enabled certain companies such as Netflix and Airbnb to access the friends lists of users after it blocked access to that data for the majority of apps in 2015. Sheryl refers to chief operating officer Sheryl Sandberg. Facebook decided to keep the tools free.

Data 116

Data social media Tools Video 116

PYMNTS

JUNE 17, 2020

With its new importance as a revenue stream, mobile ordering is driven in part by reviews and the exchange of customer data. Where you find customer data, you also find cybercrooks. A solid fraud prevention solution is a QSR’s first line of defense against card testing attacks.”. Securing Social for the MOA Future.

Tools 141

Tools social media Fraud Mobile 141

PYMNTS

DECEMBER 19, 2018

Over the course of years, Facebook reportedly enabled some of the world’s biggest tech companies to access the personal data of users — which amounted to the social media giant exempting some businesses from the privacy rules its customers thought they were protected under.

Data 127

Data social media New York Apple 127

PYMNTS

DECEMBER 18, 2018

Twitter, the microblogging website operator, saw its stock tank in trading on Tuesday (Dec. While we cannot confirm intent or attribution for certain, it is possible that some of these IP addresses may have ties to state-sponsored actors,” the social media company said. Twitter said it fixed that security vulnerability on Nov.

social media 148

social media cryptocurrency Security Bitcoin 148

PYMNTS

OCTOBER 6, 2020

DBS Group and Standard Chartered are launching a digital trade finance registry along with 12 other Singapore banks, Reuters reports, with the idea being to help reduce the risk of fraud. The effort could be the answer to the estimated $1.5 But that, too, will depend on member participation, Lee said.

social media 160

social media Groups Fraud Operations 160

PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

Fraud 112

Fraud Cards social media System 112

PYMNTS

JULY 10, 2020

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can seamlessly and safely place orders. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud.

Mobile 162

Mobile social media Report Fraud 162

PYMNTS

OCTOBER 14, 2016

One firm, IdentityMind Global, provides real-time risk management and fraud prevention through “digital identities,” collecting data across dozens of parameters and separating the financial ecosystem into good actors — those deserving of trust (and completed transactions) — and, well, bad actors.

Fraud 100

Fraud Online social media Risk Management 100

PYMNTS

JANUARY 21, 2019

During its investigation, Sixgill discovered that $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

social media 211

social media Cards Security Fraud 211

PYMNTS

SEPTEMBER 8, 2020

"The world of consumer credit and data isn't perfect, but it's gotten a lot better, and a lot of those improvements come from the requirements of the Fair Credit Reporting Act," Mack said in a recent conversation with Karen Webster. It's really governed a lot of the quality controls around consumer data. On Tuesday (Sept.

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

JUNE 3, 2016

It may have begun as a way for individuals to take control of the data they share on social media sites, but Ionic Security has begun to shift its focus to securing the data of enterprises and their employees. Data & Business Intelligence. Check out who secured venture capital in our breakdown below.

Security 100

Security Data Analytics Capital 100

PYMNTS

OCTOBER 30, 2020

Those efforts have reduced the threat of fraud at physical payment terminals, but many consumers are now shifting to shopping digitally. Bad actors sometimes create phony sites that resemble those of well-known sellers, but steal consumers’ card data when it is entered at checkout. . Safeguarding Card Details.

Cards 192

Cards Online Fraud social media 192

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

MAY 24, 2018

The European Union’s General Data Protection Regulation (GDPR) goes into effect on May 25, officially changing the way EU businesses handle consumer data. Its effects will likely have far-reaching consequences, too, for both EU-based companies and those that operate outside the region. What Is Personal Data, Anyway?

Data 100

Data Compliance social media Operations 100

PYMNTS

AUGUST 23, 2019

The Playbook also examines the increasing threat of fraud as more marketplaces deal with data breaches and their aftermath. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses. Around the Payments And The Platform E conomy.

Millennials 165

Millennials Trends Meeting social media 165

PYMNTS

APRIL 27, 2020

Most FIs moved their data from paper-based systems to online servers decades ago, using core banking solutions to send and receive cross-border payments as well as to process less sensitive daily transactions. Starting at the Core.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

Security 130

Security Fraud blockchain Cards 130

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

JULY 16, 2019

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. For other companies, GDPR is the main concern as they move to expand operations within Europe. Deep Dive: Retailers Brace For SCA’s Downsides.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

JANUARY 28, 2019

According to an investigation by Sixgill, $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

Video 128

Video Data Google Cards 128

PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Supply Of Data.

Payments 195

Payments Data Fraud social media 195

NCR

MAY 22, 2017

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

Big Data 85

Big Data Data social media Fraud 85

PYMNTS

DECEMBER 30, 2019

Microsoft alleges that those individuals engaged in a cybertheft operation that targeted high-value computer networks. Hackers may have also used information from targets’ social media pages to make their fake emails look particularly convincing. The suit targets two unnamed people who Microsoft claims work for Thallium.

social media 131

social media Groups Operations Community 131

PYMNTS

SEPTEMBER 11, 2019

Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud. The road to Libra’s ostensible 2020 debut is fraught.

social media 116

social media cryptocurrency Regulation United States 116

PYMNTS

NOVEMBER 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating.

Los Angeles 151

Los Angeles social media Millennials Retail 151

Insights on Business

APRIL 28, 2017

With the rich data financial services clients hold this is a natural evolution for the industry. This involves self-learning systems that use data mining, pattern recognition and natural language processing to mimic the way the human brain works. Cognitive computing is the simulation of human thought processes in a computerized model.

social media 155

social media Analytics Fraud Industry 155

PYMNTS

MARCH 22, 2019

Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. In an interview with PYMNTS, CEO Johannes Brouwer said that for smaller firms seeking access to financing as they look to grow operations, the process has typically been time-consuming and expensive. The Mechanics of the Model.

blockchain 162

blockchain social media Lending Security 162