Abrigo

MARCH 4, 2022

Synthetic ID fraud is growing quickly and hurts FIs and customers Knowing the schemes associated with synthetic identity fraud and how criminals avoid detection can help minimize losses. Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information.

Fraud 195

Fraud Cards Software Trends 195

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.

Fraud 52

Fraud social media Cards Security 52

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

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Fraud Cards Security National 169

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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US Cyber Security Security National 227

PYMNTS

DECEMBER 26, 2018

According to one security expert, the answer is, unfortunately, yes. According to reports , Ackerman wrote that firms should be on the lookout for artificial intelligence (AI)-driven chatbots that can trick people into clicking malicious links, downloading nefarious files or sharing their private data with hackers.

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National Washington Data Security 192

PYMNTS

JULY 2, 2020

How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. That massive shift in spending activity is rendering 90-day profiles obsolete, and FIs have had to respond, said Carlos Mejia, chief digital executive at Florida-based Pacific National Bank. Download the Tracker to read more. About the Tracker.

Fraud 222

Fraud Cards Florida Trends 222

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

Retail 207

Retail Security Payments United States 207

Abrigo

FEBRUARY 9, 2024

residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. Takeaway 2 FinCEN’s NPRM on residential real estate is an effort to t ight en the loopholes for lack of transparency in cash real estate transactions and will help deter money laundering.

Training 195

Training Fraud Trends Report 195

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

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Technology Report Fraud Study 208

Abrigo

JANUARY 3, 2024

Keep me informed Download Second beneficial ownership rule Who can access BOI registry information? The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. Stay up to date on AML/CFT and fraud trends with more professional development.

Fraud 222

Fraud Regulation Report Compliance 222

PYMNTS

NOVEMBER 20, 2019

A new study from the National Restaurant Association found that only 18 percent of restaurants offer mobile ordering via their own apps, despite 43 percent of consumers wanting to place orders via such methods. Fraud is a constant concern for QSRs and their customers. Deep Dive: Exploring The Rise Of Gift Card Fraud.

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

APRIL 8, 2020

By offering links and downloadable attachments, the attacks were meant to exploit people by playing off the confusing and difficult times, said Bryan Ware, CISA’s assistant director for cybersecurity. The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. and the U.K.,

Cyber Security 173

Cyber Security US Fraud Security 173

PYMNTS

SEPTEMBER 28, 2016

Can a smartphone keep you and your money safe from fraud? According to the Brazilian financial services firm, launched in 2014, it boasts a fraud rate just one-tenth that of larger banks and financial institutions. The rise of digital and mobile technology has made preventing fraud much more challenging for financial service providers.

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Security Mobile Fraud United States 100

PYMNTS

JUNE 19, 2020

A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more. For more information on these stories and other payments orchestration headlines, download the Playbook.

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

Fraud 158

Fraud blockchain System Cards 158

Abrigo

MAY 1, 2023

Visit the National Suicide Prevention Lifeline or simply dial 988 to reach them. Keep me informed Download Strategies to destress Decrease stress during your AML/CFT workday Mental health in the workplace is essential and a topic worth discussing without fear. We can help you navigate changing AML/CFT and fraud regulations.

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Strategy Training Fraud Software 195

PYMNTS

NOVEMBER 14, 2016

Some national and regional markets are more willing to accept AR than others. Businesses worldwide cited insufficient ROI, security concerns, lack of budget and lack of knowledge as the top barriers to adopting AR. Ninety-four percent of African businesses are concerned about AR security, for example.

Security 100

Security Regional Data Examples 100

PYMNTS

JULY 16, 2020

As the demand for digital payments surge, however, the systems that used to keep them secure are falling short. Algorithmic tools designed before March are having trouble predicting consumers’ behavior during the pandemic, and some firms are upgrading their fraud screening systems so they are better able to predict consumer behavior.

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Mobile Payments System Bitcoin 181

PYMNTS

APRIL 9, 2020

A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery. The hacking group, also known as REvil, told the BBC that they gained access to the company’s computer network last year and downloaded 5GB of sensitive customer data.

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Report Groups Data Cards 279

PYMNTS

OCTOBER 26, 2016

It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data.

Security 100

Security Mobile Las Vegas User Experience 100

PYMNTS

OCTOBER 18, 2019

Pay by Bank app offers a best-in-class digital payment solution that optimizes user experience while making transactions more secure and reducing fraud,” said Suren Nawalkar, senior vice president of consumer applications at Mastercard. PbBa is designed to work with the security of a consumer’s own bank.

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Retail User Experience ATM Security 116

PYMNTS

OCTOBER 25, 2019

These debates are nothing compared to the looming specter of fraud, however. In the October Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the growing popularity of virtual restaurants and how QSRs are protecting themselves against friendly fraud.

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Trends Mobile Fraud Google 116

PYMNTS

MAY 20, 2020

TIPS is a real-time payments network that the ECB created to build a more streamlined, interoperable Pan-European instant payments rail — one that allows for funds to be transferred quickly and seamlessly among all EU nations on a 24/7 year-round basis. The ECB sees TIPS as more than just another real-time payments solution, however.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

NOVEMBER 5, 2019

Increased technology adoption brings along additional security concerns, however. Identity companies and third-party security providers are exploring several options to keep these methods secure, but many have been met with consumer skepticism. Developments From Around The Digital ID World. Its balance rose from only $1.01

Data 101

Data Fraud Security Trends 101

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP). Two-thirds of customers also felt that companies’ account security measures were subpar. Developments Around The AML/KYC Space. About The Tracker.

Online 141

Online Compliance Report Study 141

PYMNTS

FEBRUARY 28, 2017

HYPR, for example, debuted what it is calling a biometric shopping platform at the National Retail Federation’s BIG Show in New York City in January. The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials.

New York City 100

New York City Fraud Security New York 100

PYMNTS

JANUARY 24, 2020

Sending out thousands of attempts every minute is simple, and it only requires one employee to unwittingly play into hackers’ hands for fraud to take place. The other major type of phishing email tricks users into downloading an attachment that installs malware on their computers. Tracking Phishers’ Angles.

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Data Security Fraud Exercises 131

Abrigo

FEBRUARY 8, 2022

You might also like this downloadable Customer Due Diligence Checklist. DOWNLOAD . NBFIs are broadly defined as institutions other than banks or credit unions that offer financial services, such as money services businesses, casinos and card clubs, trust companies, securities and commodities, firms, and insurance companies.

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

SEPTEMBER 6, 2019

Australia, Malaysia, Thailand and the United Kingdom are just a handful of nations that are exploring the benefits, ranging from opt-in programs designed to help citizens access financial and governmental services to compulsory ID solutions meant to serve as virtual ID cards. Inside Australia’s Push For Safe And Trusted Digital IDs.

National 179

National Study Digital Banking Trends 179

NCR

NOVEMBER 8, 2016

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. The Role of the ISO.

Cyber Security 63

Cyber Security Security Risk Management Training 63

Cisco

OCTOBER 15, 2019

October is National Cybersecurity Awareness Month. Read more here: Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services. Download the 2019 National Cybersecurity Awareness Month ToolKit from NICCS for messaging, articles, and social media tools for your business. Did you know?

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Tools social media National Fraud 61

PYMNTS

JANUARY 29, 2019

According to a report citing data provided by open source automation company Sonatype, in the second half of 2018, two thirds of Fortune 100 companies downloaded versions of Apache Struts with the same vulnerabilities that Equifax had when it was breached. In total, more than 18,000 businesses have downloaded the vulnerable version.

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Software Company Washington Data 128

PYMNTS

FEBRUARY 24, 2017

As hackers continue to advance their malicious tactics, it’s no surprise that increasingly sophisticated cyberattacks and fraud are costing business big time. Does IoT Security Need International Law? Malware Drones Take Off. The answer?

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Training Security Data Resources 171

PYMNTS

JULY 8, 2016

Aiming to help small businesses protect themselves from payment data theft, the PCI Security Standards Council Small Merchant Taskforce announced Thursday (July 7) that it has developed a suite of payment protection resources geared toward small businesses. Interested parties can download the digital toolkit from the PCI Council website.

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Resources Security National Data 108

PYMNTS

AUGUST 27, 2019

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal.

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Data Report Los Angeles California 122

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 For all the latest notable news and trends from around the credit union space, download the Tracker. Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth.

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Report Innovation Regulation National 114