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Worried About Digital Fraud Now? Just Wait For The Implants.

PYMNTS

Brain implants are developing to a point that would still seem like science fiction to many — and will almost certainly have impacts on the exercise of payments and commerce. The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?)

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The cyber security threat landscape in financial services

Insights on Business

Cyber fraud – including executive digital impersonation. He outlined four key steps to effective implementation: Exercise and test your strategy and plan. It takes a long time to produce a proper exercise. Also follow the social media platforms to stay informed with the latest updates : . Phishing attacks.

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Consumers Want More Banking App Control — Will FIs Step Up?

PYMNTS

Even so, it will require long and hard work to build those better consumer experiences — and to provide tools and apps that enable bank and CU customers to exercise more control. Consumers today trust their own ability to detect account fraud more than they trust their banks’ ability. “Banks are starting to recognize that,” Ali said.

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Bitcoin, Other Cryptocurrencies Continue Decline Over Regulation Fears

PYMNTS

Meanwhile, Twitter, the social media company, announced plans to join Google and Facebook in no longer running cryptocurrency ads on their platforms. It comes after a theft of Coincheck, a crypto exchange, that lost $500 million in tokens as a result of the heist.

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Instagram Hack Bigger Than Thought

PYMNTS

Instagram, the photo sharing social media network owned by Facebook, said late last week that a cyberattack impacted more people than it previously thought. Doxagram says it has the contact information of famous people, such as Mark Zuckerberg, the chief executive of Facebook, and Rihanna, the pop artist.

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Developing an Information Security Wellness Program for your Financial Institution

Jack Henry

Ask someone how they achieve optimal physical health and you will likely hear about the following three components: exercise, diet, and annual physicals. That is, given the same preventative measures, an FI may reduce the number and extent of information security breaches due to fraud. Author: Karen Crumbley, karenc@gladtech.net.

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Fraud prevention and detection: Empowering clients through education

Abrigo

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

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