PYMNTS

JANUARY 20, 2020

Fraud protection techniques have advanced rapidly over the past decade to keep pace with fraudsters preying on emerging weak points. Bad actors have taken full advantage of the online world’s increasing fragmentation as consumers and businesses alike interact across dozens of channels. Fraudsters and the Access Problem.

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Fraud Tools Security Examples 136

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

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Fraud Training United States Survey 195

PYMNTS

JUNE 11, 2019

Phone numbers, email addresses, usernames and other online signifiers have become vital to digital identity verification, as the world becomes increasingly connected. Mobile wallets have become popular vehicles for storing and accessing credit card information, plane tickets and other documents. Find the feature story in the Tracker.

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Online blockchain social media Security 145

PYMNTS

JUNE 24, 2020

In an interview with Karen Webster, Entersekt CEO Schalk Nolte said that in a world forever transformed by the pandemic, digitally established global identities and trusted endpoints are critical means of achieving genuine account security. CNP fraud, Nolte said, has become a numbers game.

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Fraud Security Cards Course 262

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? Security firm Symantec said this past week that it found a security flaw in Android apps for WhatsApp and Telegram, which can allow hackers to manipulate data that flows between users.

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PYMNTS

JULY 8, 2020

He and Nitendra Rajput , Mastercard’s vice president of product development and head of the company’s “AI Garage,” said that in many cases, AI is the only way to scale up sufficiently to meet the challenges the company faces with fraud and other business issues. “It Fighting Fraud in a Post-Pandemic World.

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PYMNTS

OCTOBER 2, 2017

Aiming to protect users from hackers and political operatives, Google is gearing up to enhance its online security tools. The program will be offered to corporate executives, politicians and other individuals who have higher than average concerns about security.

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Google Tools Security Online 116

PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

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Fraud social media Cards Security 52

PYMNTS

APRIL 22, 2019

An increasing number of customers want to onboard with retailers and banks through their mobile phones, putting greater pressure on businesses to provide robust, digital know your customer (KYC) checks and other security measures. The company recently announced a new online solution for onboarding fund houses. About the Tracker.

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Fraud Security Online Video 143

PYMNTS

DECEMBER 13, 2019

Enter the platforms, complete with algorithms and tools to discover and price-compare any experience or item that can be booked or rented online. The inclination of younger cohorts to plan like mad and (over)spend on getaways is well-documented. This is perhaps most prevalent in the travel space.

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Fraud Millennials Comparison Online 130

PopularBank

DECEMBER 1, 2021

Where first-class mail — things like letters, small packages, bills, and tax documents — took one to three days to be delivered, that timeframe will soon extend to between one and five days. Costs of paying by mail vs. online and mobile banking. Fraud can be analyzed two ways. The first is the likelihood of the fraud occurring.

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Online Mobile Fraud Boston 98

PYMNTS

SEPTEMBER 19, 2019

The complexity of online and mobile advertising — and the vast sums of money involved — make those areas extremely attractive for criminals. As well, successful criminals know that their targets are often complex systems — and complex systems offer many opportunities for financial fraud and massive theft. Essential Problem.

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Fraud Payments Online Mobile 132

PYMNTS

SEPTEMBER 6, 2019

Unscrupulous practices can tarnish a brand that acts as an online marketplace facilitator. Verifying Digital Identity In The Sharing Economy , PYMNTS examines how consumers use sharing economy platforms in their everyday lives and how those platforms are taking measures to defend against digital fraud and identity theft.

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Security Data Online Regulation 125

PYMNTS

JANUARY 22, 2021

Consumers are going online to complete their shopping during the pandemic — even for major purchases typically done in person, such as buying a car. As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. The level of risk is higher.”.

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Security Fraud Tools Customer Experience 141

PYMNTS

JULY 13, 2020

Mitek , which works with identity verification and mobile capture software, has brought its Mobile Verify to the KYS-Tech remote online notary platform to help customers meet strict eNotary standards in any industry, the companies said in a press release. With KYS-Tech’s platform, companies can virtually notarize any file online.

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Online Fraud Security Mobile 142

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Fighting Fraud Visibly and Invisibly. STACK’s mobile app provides budget management and spending accounts, among other services.

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Security Fraud Mobile Cards 113

PYMNTS

SEPTEMBER 8, 2019

TechCrunch reviewed many of the documents and reported that most of those impacted were located in the United States. The Monster Security Team was made aware of a possible exposure and notified the recruitment company of the issue,” the company said. Even after multiple requests, Monster declined to name the customer.

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Online United States Security Data 184

PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. The methods those bad actors use — and which have been documented in this space — include phishing attempts to gain access to individuals’ credentials. The deposits?

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Fraud Cards Report Mobile 141

PYMNTS

MARCH 29, 2019

She doesn’t know how to do this on her own, so she posts a job offer online. Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Global Security .

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Security Video Fraud Tools 101

PYMNTS

APRIL 9, 2019

Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital fingerprints has emerged. Operators of the marketplace sell the data to cybercriminals who use it for identity theft, online fraud, and other crimes.

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Fraud Security Operations System 235

PYMNTS

MARCH 27, 2019

As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – Customers want to make sure they are protected,” Zekri said – a desire that extends to making sure their winnings and deposits are secure, and that funds are available for efficient withdrawal.

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Online Regulation Compliance Security 115

PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

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Fraud Payments Guidelines Regulation 150

PYMNTS

SEPTEMBER 18, 2020

While some banks enable voice technology to make payments, check account balances and make transfers, the technology raises concerns regarding security, data privacy and dispute resolution. It was developed by the Cybersecurity Response Project Team. She noted that verifications can also utilize information tied to payment history.

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Payments Exercises Resources Fraud 220

PYMNTS

AUGUST 3, 2020

Firms worldwide are getting used to the idea that they might not interact in-person with their customers nearly as often, so they must optimize their digital services and verify online customers’ identities. For example, fraud across all financial products in the U.K. Using AI And Other Tools To Fight Fraud .

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Fraud Online Data Tools 225

PYMNTS

SEPTEMBER 25, 2019

And it may be the case that in the tradeoff between convenience and security, companies would do well to start looking harder into whether identity verification efforts need to be stepped up a bit, even if that means injecting friction into the equation. But raising the bar higher for fraudsters can be an effective line of defense.

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How To Security Fraud Mobile 189

PYMNTS

DECEMBER 8, 2020

Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. The company said its technology prevented one fraud attempt every 51 seconds during the month, totaling 22,000 thwarted attacks.

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PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

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Compliance Guidelines Meeting Tools 186

PYMNTS

OCTOBER 21, 2019

His comments come after FT published documents last week allegedly provided by whistleblowers that “appear to indicate a concerted effort to fraudulently inflate sales and profits at Wirecard businesses in Dubai and Ireland, as well as to potentially mislead EY, Wirecard’s Tier 1 auditor.”. I have not looked at them in further detail.

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Fraud Operations Groups Report 103

PYMNTS

JANUARY 23, 2020

Luckily for the business world, fresh solutions are being developed, with strategies put into place to combat rising digital fraud. Developments From Around The World Of Digital Fraud. is facing fraud problems as well. For more on these and other digital fraud news items, download this month’s Tracker.

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Fraud Online Data Regulation 160

PYMNTS

MAY 19, 2020

He is charged with wire and bank fraud, and making false statements to lenders and the SBA. The department and our law enforcement partners will use all the tools at our disposal to investigate and prosecute frauds against the Paycheck Protection Program.”. District Court in Texarkana.

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Texas Fraud Taxes Security 205

PYMNTS

MAY 12, 2017

speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. million in the U.S.

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Fraud ATM Google Study 128

PYMNTS

MAY 12, 2019

According to a report in Reuters citing California Superior Court documents, Terpin won the civil judgment against Nicholas Truglia, who Terpin said was part of the scheme to steal digital tokens from him after gaining access to his mobile phone. That was 70 percent of all the fraud in 2018, reported Reuters, citing CipherTrace.

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Fraud US cryptocurrency California 116

PYMNTS

OCTOBER 8, 2018

That’s the number of transactions done online that are fraudulent. In a discussion ahead of the webinar, scheduled for Wednesday with PYMNTS’ Karen Webster, Trilli noted that the one in 60 number is testimony to the fact that “everything is going online” as we conduct business. If it were the lottery, one might play those odds.

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Online Fraud Data Security 178

PYMNTS

MAY 18, 2018

After reviewing 1,450 documents downloaded from three popular websites that track coin offerings, the Wall Street Journal discovered 271 with red flags that included plagiarized documents, pledges of guaranteed returns and missing or non-existent employees. million in a public offering in March. million in a public offering in March.

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Bitcoin Fraud Examples Security 102

PYMNTS

DECEMBER 14, 2020

The company was already Amazon -owned, and Soudodi said in the letter that the new name signals the company will still be a "highly secure online payment service that is easy-to-use and seamlessly integrable," but will now have the benefit of Amazon's global reach and other high-tech benefits.

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Payments Fraud Video Regional 199

PYMNTS

MAY 21, 2020

About 14 percent of active troops facing financial fraud issues said someone they know, even a family member, was the one who had misused their data. Reports suggest this happens most often with active troops because of documents and information left behind while they are away from home. million fraud cases reported that year.

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Report Fraud Data Cards 177

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Without this, staff must engage in back-and-forth emails or phone calls to check the status of a loan.

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System Lending Analysis Software 195