PYMNTS

DECEMBER 12, 2019

While dealing with fraud has always been a cost of doing business for merchants, the digital age has changed the game in terms of fighting off fraudsters. While some have speculated that fear of fraud is keeping some merchants out of the game, Stuppy noted that this wasn’t as big of a concern as some might think.

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PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

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PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. First, let’s get some terms straight, at least for use among the payments and commerce communities.

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PYMNTS

SEPTEMBER 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.” The EOS token is taken as a cryptocurrency in ICO.”.

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PYMNTS

AUGUST 21, 2020

We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro , chief operating officer of boat rental and charter marketplace GetMyBoat , told PYMNTS. Admittedly, the GetMyBoat platform is seeing its share of fraud during its volcanic 3,900 percent booking increase. Definitions Of ‘Safety On The Water’.

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PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

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PYMNTS

APRIL 25, 2019

Security and the Homesharing Platform. The company also works with several security providers to ensure users’ payments remain safe. Spotahome has also been securing its mobile platform, as younger travelers are growing more comfortable with making bookings and payments on their phones.

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PYMNTS

OCTOBER 19, 2018

And the farmer who uses drones to help monitor operations – yet may not be able (or might not know how) to take steps needed to secure his or her server – is rendered vulnerable. Despite the advent of chip technology in credit cards, which has improved security, bad actors continually look to circumvent systems in place.

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Study Security Survey Data 191

Cisco

SEPTEMBER 8, 2020

When asked if the current disruption was creating a full plate for the bank, he simply said “It’s not a plate, it’s a buffet” There’s a good bit of positivity in that comment despite the on-going disruption to normal business operations.

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PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The biggest obstacle is that the major card networks are setting the standards for how payment networks operate, Martz said.

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FICO

APRIL 7, 2022

This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection. Make alerts to suspected fraud fast and appropriate.

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FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

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PYMNTS

MAY 21, 2020

The tool is already used at numerous agencies, including the Department of Defense, Department of Homeland Security, Department of Commerce, Department of Education, Department of Agriculture and Department of Labor. MicroTech was formed in 2004 and has worked to help customers get the best value for financing their assets.

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PYMNTS

JULY 26, 2020

The Securities Commission Malaysia (SC) is planning to expand regulations to encompass digital asset wallet providers, adding to its frameworks that currently address Digital Asset Exchanges (DAX) and Initial Exchange Offering (IEO), the SC announced Thursday (July 23). Meanwhile, in the court case United States v.

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PYMNTS

APRIL 1, 2020

Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time. These larger operators sometimes made deals with card issuers, under which the latter would agree to only route payments over the former’s networks. Online sellers could instead rely on 3D Secure 2.0

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Cards Payments Security Fraud 141

FICO

JANUARY 25, 2021

Customer identity management is a term that is subject to a number of definitions. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage risk—all while making it simple for customers to transact. Customer identity management operates today in an unpredictable environment.

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PYMNTS

OCTOBER 24, 2018

Fraud is a huge consideration for us,” Bonkowski said. From an operational standpoint, a big part of it was about trying to drill down on the cost.”. These offerings, unfortunately, can make companies and their customers vulnerable to fraud , particularly as more fraudsters have been targeting financial services firms.

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PYMNTS

MAY 13, 2019

Fraudsters intercept the one-time PINs and passwords that pass for security in today’s world. “If If you look at all the security problems out there (everything involving the internet, breaches, malware on your operating system), the internet and the operating system are inherently insecure.

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PYMNTS

SEPTEMBER 11, 2017

The data exposed included driver’s license and Social Security numbers. . B ut once the secrets are public knowledge, you clearly cannot trust that information anymore — by definition, it is no longer a secret.” . No one, of course, can get a new Social Security number or date of birth. Against that backdrop, ID.me

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PYMNTS

DECEMBER 7, 2016

But however different American Express may be from its founding days, according to Anré Williams, President of Amex Global Merchant Services, there’s one thing that has never changed: Getting things — be they physical goods or digital payments — from point A to point B securely and without issue. The changing commerce landscape.

Fraud 100

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Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

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Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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PYMNTS

MARCH 27, 2018

The definition of the word “ extend ” means to stretch out or lengthen one’s reach. Braintree Extend, which launches today, makes it possible for merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way.

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PYMNTS

MAY 15, 2018

The Pros and Cons of Standard Security Choices. Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. Plus, data breaches have left a lot of those security responses exposed. A Portrait of IDV Nirvana.

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PYMNTS

JANUARY 3, 2020

Take a core business function – payments, for example – and then make it lightning-fast, less expensive and secure. It’s been definitively shown that businesses and individuals will pay reasonable fees or percentages to receive their funds instantly. Making Money Fast. Want to make a CFO smile? But that’s just the beginning.

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PYMNTS

MAY 9, 2019

Fraudsters intercept the one-time PINs and passwords that pass for security in today’s world. “If But the younger generation will be enthusiastic about forging digital relationships with their banks only if they can be assured that their identities — and their accounts — are secure. You should not rely solely on biometrics.

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PYMNTS

JULY 17, 2018

in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. In reality, he said, the idea that counterfeit card fraud is 2014’s security problem lacks a fair amount of nuance. The Push For Scale. That’s good news, Pak said.

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Tomorrow's Transactions

NOVEMBER 19, 2014

Identity fraud isn’t only about people. We tend to think about identity fraud as something involving human beings, but as “The Internet of Things” expands, identity fraud will increasingly affect stuff as much as people. When it’s something like wine labels, you can see why people will co-operate to make it work.

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PYMNTS

JUNE 13, 2019

The security benefits of decentralization make blockchain an attractive fit in corporate finance. “We definitely see people who are in leadership roles in their industries reaching out to their peers, and collaborating on forming new networks,” she said.

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blockchain Data Technology Security 184

PYMNTS

NOVEMBER 20, 2019

Wang added AI has increased efficiency in the company’s operations in many ways, including content creation, approval processes and market distribution.”. When it comes to payments, artificial intelligence does indeed hold the promise of bringing more efficiency to a variety of areas, not the least of which is online security.

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PYMNTS

APRIL 14, 2016

Sources explained that the researchers who helped the FBI specialize in exposing security vulnerabilities in software and were paid a one-time flat fee for their services. Comey recently called a “narrow slice” of devices.

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Apple Washington Software Security 100

PYMNTS

AUGUST 12, 2019

The latest Subscription Commerce Tracker explores how subscription-based businesses are adapting to an ever-changing market, and how they keep their payments experience secure and how new models are emerging to stay competitive. What Security Means For Subscriptions.

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PYMNTS

APRIL 18, 2016

Kaspersky noted that cars of today are “more safe but less secure” due to the variety of Web-connected gadgets that have become part of the standard operating equipment in modern vehicles. The definition of good security is that the attack must cost more than the possible damage.

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Software Maine System Security 100

PYMNTS

SEPTEMBER 18, 2019

The pair explained how these offerings keep suppliers satisfied and DPR’s partners safe from fraud. . Fixing Cash Flows, Fighting Fraud . That definitely hurts the subcontractor relationship because [it] needs that cash to keep [its] business running.” . Virtual cards move payments quickly,” Phoenix said. “We

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PYMNTS

JANUARY 23, 2020

Workers who do not receive timely payments or are cheated out of them because of illegitimate customers and fraud are unlikely to offer their services again. A lot of these specialists [on kimkim] have been in operation for many years. Providing freelancers speedy, seamless payments is crucial to enabling these cultural encounters.

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PYMNTS

AUGUST 28, 2019

Retailers seeking to provide rapid deliveries face an ever-moving target as consumers’ definition of speed evolves. Steve Barbarick, the company’s chief operating officer and president, credited Q2 2019’s strong sales to BOPIS and in-store fulfillment. Studies suggest that even next-day delivery may be too slow. Tractor Supply Co.

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Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes.

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