Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." It’s showing up in music and entertainment , education , healthcare , and marketing. Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts.

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Examples Fraud Resources Risk Management 195

PYMNTS

NOVEMBER 22, 2019

Stolen payment information used to purchase an iPhone is one thing, but a fraudster dangling a fake beachfront property in front of a group of traveling executives is another. business travelers who often have more robust needs, like satisfying larger groups. The wider home rental space has been seeing increased fraud in recent years.

Fraud 145

Fraud Security Groups Marketing 145

PYMNTS

OCTOBER 8, 2020

Ugandan police are investigating the hacking of a third-party processor of phone-based transactions, Bloomberg reported, that affected MTN Group and Standard Bank Group 's local units. Mobile money is a big market in Africa for making payments.

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Mobile Fraud Payments Groups 324

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

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Fraud National Security social media 78

PYMNTS

OCTOBER 6, 2020

Now these services are about safety and security, with features like curbside pickup and contactless drop-off, [and they’re now] a basic part of business operations,” Tim Ridgely , head of order and delivery at Paytronix, told PYMNTS. Before March, restaurants provided order and delivery services as something extra, more of a convenience.

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Fraud Data Mobile Cards 195

PYMNTS

OCTOBER 29, 2018

The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) 29) by Kaspersky Labs and the University of Oxford Functional Neurosurgery Group noted, the technology is quickly gaining ground. Security Vulnerabilities.

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PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. The antidote?

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

DECEMBER 13, 2019

Platforms are doubling down on security in the wake of embarrassing data breaches and steady consumer fraud complaints, but it’s a fluid situation. Within less than five years, payment platforms will be valued at $154 billion annually, much of that in the travel markets. The happier story, by comparison, is payments.

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PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

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Fraud Payments Groups Industry 198

PYMNTS

MARCH 12, 2020

Payment processors expanding their operations into new industries and markets have their work cut out for them, however. Each sector and country encounters different fraud types that providers must be ready to detect and thwart. The card industry’s 3D Secure 2.0 Attuning To New Markets .

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Fraud Analysis Regional Examples 130

PYMNTS

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That’s where Kevin Lee comes in. Changing Scope. The stakes could hardly be higher.

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Fraud Data Maine System 169

PYMNTS

JANUARY 17, 2020

The subscription eCommerce market is a favorite among consumers and businesses, growing more than 100 percent annually for the past five years. Subscription’s promises of recurring revenue streams for companies and convenience for customers offer powerful benefits, but an unwelcome group is also subscribing to such services: fraudsters.

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Security Fraud blockchain Cards 130

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Treasury and financial market, among other responsibilities.

Security 112

Security Kansas City Payments Boston 112

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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social media Fraud cryptocurrency Trends 195

PYMNTS

FEBRUARY 18, 2019

So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in other, relatively old-fashioned ways.

Fraud 122

Fraud Operations Security Software 122

PYMNTS

JUNE 2, 2017

First Data, the global commerce-enabling technology company, announced Thursday (June 1) the launch of Fraud Detect, a fraud solution for merchants around the world. According to First Data, using artificial intelligence, Fraud Detect analyzes vast data sets to identify fraud and potential chargebacks.

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Fraud Data Tools Customer Experience 109

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

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Security Capital Analytics Software 189

PYMNTS

JUNE 24, 2020

As the Wirecard scandal unfolds, SoftBank Group Corp. Within days, Braun, 50, was arrested on charges of accounting fraud and market manipulation. Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk. billion euros ($2.1

Fraud 262

Fraud Groups Report Security 262

PYMNTS

DECEMBER 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.

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Security Fintech Boston Fraud 181

PYMNTS

NOVEMBER 12, 2019

Home is sometimes where the fraud is, as criminals often consider purchasing properties or making rental payments to launder ill-gotten gains. The Face Of Digital Real Estate Fraud. Farris said that the trick to keeping security processes as painless as possible is for companies to not get ahead of themselves.

Fraud 101

Fraud Security United States Company 101

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. expand_less Back To Top.

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PYMNTS

AUGUST 1, 2019

Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs). Box-of-the-month services constantly struggle to secure their payment processes and remain a step ahead of bad actors.

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Security Cards Fraud Survey 108

PYMNTS

OCTOBER 21, 2019

Wirecard in turn accused FT of market manipulation, which the news outlet denied. But an anonymous public letter posted online warned the group’s supervisory board members that they could possibly face personal liability if they chose not to investigate credible fraud allegations. Wirecard’s shares dropped 6.3

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Fraud Operations Groups Report 103

PYMNTS

MAY 24, 2016

TSYS will provide commercial payments players with authorization and decision controls, the company said, in an effort to help issuers safeguard against fraud and boost their standing in the B2B payments space.

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Security Payments Fraud Tools 103

PYMNTS

AUGUST 5, 2020

Fraudsters looking for their own enrichment are also populating these platforms, however, making it imperative that both consumers and the companies providing these digital bowling, poker or roleplaying games take security seriously. Around The Digital Identity Ecosystem.

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Online Report Fraud Mobile 278

PYMNTS

DECEMBER 20, 2016

Which Mike Keegan, CEO of Transaction Network Services , said can only spell trouble for consumer adoption unless consumers are convinced that interacting with them digitally is totally secure. Instead, Keegan said operators can ensure more secure connections by establishing a direct link between the machines and the payment environment.

Security 100

Security Retail Payments Data 100

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a biometric). a password).

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Fraud Survey Cards Customer Experience 52

PYMNTS

SEPTEMBER 6, 2019

6), Apple confirmed that a largely Muslim minority group in China, the Uighurs, was the target of attacks in a spying attempt tied to iPhone security flaws, but disputed the way Google described the attacks, Reuters reported. The two companies are rivals, especially in the smartphone market. On Friday (Sept.

Apple 100

Apple Google Security Community 100

Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry. Phishing attacks.

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Cyber Security Security Exercises social media 137

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

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Fraud Atlanta Capital Big Data 108

PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

Fraud 228

Fraud Cards Security System 228

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. billion but that the deal was not disclosed properly to the market or other investors, and that it secretly paid Qatar £322 million.

Fraud 108

Fraud Cards Capital Groups 108

PYMNTS

OCTOBER 4, 2019

Visa Powers Revolut’s Global Expansion Into 24 New Markets. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Top Stories.

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Fraud Google Apple Chicago 108

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

NOVEMBER 8, 2020

Now, Reuters reported Amazon is lodging a complaint with India's market regulator. The whole controversy has likely damaged Amazon's ties with Ambani, who is Asia's richest man, and the Reliance group, fast spreading in the region as a leader in eCommerce. But Future said that order is non-binding. On Saturday (Nov.

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Retail Industry Regional Groups 230

PYMNTS

OCTOBER 2, 2019

In other news, Morningstar Credit Ratings is moving further into the blockchain space by building the largest bridge to date between the blockchain and the global debt securities industry, which had $117 trillion outstanding as of March 2019. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

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blockchain Security Bitcoin United States 145

PYMNTS

SEPTEMBER 8, 2020

The eCommerce company is reportedly paying the ransom , the hackers claim, though it is unclear exactly how the cyberattack group was able to gain access to the company's data. 1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. . $1 and elsewhere. million per targeted attack.

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Company Los Angeles Fraud Data 174