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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett.

Fraud 180
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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

PYMNTS

About 40 percent of all ATO attacks now count as high-risk, meaning banks of all shapes and sizes must reexamine how they think about data protection, security and the tools they use to guard against emerging threats. market debut. For more on these and other stories, visit the Tracker’s News and Trends section.

Fraud 196
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Who Should Lead The Digital ID Push?

PYMNTS

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. There’s no question the world is moving in a digital direction. Department of Commerce.

Wyoming 136
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Digital Driver’s Licenses Are Put To The (Pilot) Test

PYMNTS

They can then use the digital versions when visiting age-restricted merchants, interacting with police at traffic stops or in airport screenings with Transportation Security Administration (TSA) personnel. It is now moving into phase two: testing digital licenses in online and other digital environments. Pilot Testing Digital IDs.

Wyoming 124
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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

I would not want to be a merchant responsible for managing fraud today,” Spear told Karen Webster in a live online discussion on the topic held last week with an audience of online retailers. “It Online jewelry sales are on the increase, but the category has a higher decline rate than any other. Specifically Delaware.

Fraud 109
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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

Online retailer Overstock.com, which traditionally sells home goods, clothing, and beauty products, announced December 14 that it would look to sell or reorganize its retail business in order to focus on blockchain. In the past couple weeks, the volatile stock has spiked once more, closing at more than $70 on 3/23. Overstock.com. NXT-ID INC.

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Finovate Alums Populate RegTech Top 100 Power List

Fintech Labs Insights

To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia. Pictured: Mine Fornerod, Net Guardians Digital Marketing Manager, demonstrating FraudGuardian at FinovateAsia 2016. (19)