Abrigo

OCTOBER 19, 2023

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World. Stay up to date with cybersecurity threats.

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Online Security Resources Training 221

Abrigo

OCTOBER 28, 2021

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Preventing Cyber Fraud.

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American Banker

MARCH 27, 2024

The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.

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Risk Management Report Management Fraud 78

PYMNTS

SEPTEMBER 28, 2020

Pandemic-related fraud attempts continue to climb. In a report by OpenText , researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. 45 percent of U.S.

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Fraud Training California Security 241

Abrigo

FEBRUARY 28, 2023

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Phishing is not a new fraud trend, but the rise of smartphones means text messaging fraud is becoming more common. billion to fraud in 2021, a 70% increase over the prior year.

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Fraud How To Training Trends 195

Abrigo

MARCH 3, 2023

Ten red flags to help you identify check fraud A financial institution's guide to identifying mail-related check fraud. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." Losses from check fraud total $18 billion annually, representing more than a million checks daily.

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Fraud United States Trends Software 195

PYMNTS

SEPTEMBER 29, 2020

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. EY was Wirecard’s auditor for more than a decade.

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Fraud Report Management Company 189

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

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Report Risk Management Capital Data 195

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

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Security Report CA Fraud 139

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. A growing target for elder fraud and exploitation. Fraud Tactics. Baby Boomers. Learn More.

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Fraud Training United States Survey 195

PYMNTS

DECEMBER 21, 2020

with money laundering, fraudulent banking and computer fraud, Reuters reported. “It It is not yet clear whether he participated actively in the theft or if he simply decided not to increase security measures after discovering it,” Ivano Gabrielli, director of the national center for cyber crimes (CNAIPIC), told Reuters.

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blockchain Bitcoin Fraud Report 206

PYMNTS

FEBRUARY 12, 2020

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

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Fraud Handbook Security Comparison 253

PYMNTS

DECEMBER 7, 2020

According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions. But the BEC scam is not the only kind of business payments fraud plaguing firms today.

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PYMNTS

JANUARY 27, 2021

This increased digital presence also brings a greater risk of digital fraud, however. Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously.

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Security Innovation Fraud Study 213

PYMNTS

JULY 25, 2019

A new report from GIACT Systems has revealed that $3.4 billion was lost due to New Account Fraud (NAF) last year. According to the report, The Evolution of New Account Fraud , produced by Javelin Strategy & Research , NAF tactics have shifted with the growing popularity of online accounts and payments.

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Fraud Report Mobile Strategy 148

PYMNTS

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. At the same time, a new report shows that fraudsters will take more than $12 billion off the table. percent of all eCommerce fraud , is still account takeover. The main offender, constituting 29.8

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Fraud social media Online Retail 230

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Read the report. application programming interfaces (APIs).

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Fraud Security System Payments 188

PYMNTS

JUNE 29, 2020

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.

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Fraud Risk Management Report Management 327

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Read the report. application programming interfaces (APIs).

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Fraud Security System Payments 186

PYMNTS

SEPTEMBER 23, 2019

Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. This is a major security flaw in iOS. The issue, createdbyeric said, was escalated to higher management. on Tuesday (Sept.

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Apple Security Report Payments 193

Abrigo

AUGUST 22, 2022

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Check Fraud. Still the number one type of fraud in banking. There is also usually more than one signee assigned to those accounts, making them more susceptible to fraud.

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Fraud Trends Survey Technology 195

PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. seizures connected to Brazil resident Marcos Antonio Fagundes' reported role in the scheme. It involved the defrauding of tens of thousands of Brazilian residents for over $200 million, the release stated.

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Fraud cryptocurrency Regulation Operations 234

The Paypers

AUGUST 28, 2020

Data Security Council of India (DSCI) and PayPal India have released a study report on Fraud & Risk Management in Digital Payments.

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Risk Management Fraud Management Report 69

PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 Overall, the data breach highlights the security issues posed when third-party aggregators have control over users’ sensitive data. “It

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Data Fintech Report Security 246

Banking Exchange

FEBRUARY 8, 2021

Pandemic sees increase in amount lost to fraud, according to new data Risk Management Feature3 Feature Security AML & Fraud BSA/AML Big Data Covid19 Online Mobile Cards.

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Fraud Big Data Risk Management Report 78

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. A Big-Picture Approach To Thwarting Debit Fraud.

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Security Fraud ATM Cards 182

PYMNTS

MARCH 15, 2019

The new Digital Fraud Tracker highlights the latest developments in payments fraud, and how different companies are working to keep funds safe from bad actors as payment solutions grow increasingly faster. Around the World of Digital Fraud. Australia’s CNP fraud problems seem to be part of a broader pattern. million USD).

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Fraud Payments Security System 153

PYMNTS

AUGUST 7, 2020

District Court for the Southern District of Florida with wire and bank fraud and conspiracy for seeking $24 million in forgivable PPP loans. They were charged with conspiracy to commit bank and wire fraud, bank fraud, wire fraud, false statements to a financial institution and money laundering.

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Fraud Florida Georgia Cleveland 276

PYMNTS

DECEMBER 30, 2016

Still, researchers have found, many businesses do just that: RedSeal released a report this month that described the state of corporates’ approach to enterprise security as one of “cyber naïveté,” with many executives believing that their existing strategies are sufficient to ward off a cyberattack.

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Fraud Security Survey Technology 145

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Feedzai has seen the increase in fraud and scams with the pandemic. EMEA, Asia and the Pacific and Latin America. And meanwhile, 35.7

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Report Fraud Risk Management America 247

PYMNTS

MAY 12, 2020

An internal investigation into alleged fraud at Luckin Coffee Inc. In addition, the company has placed six other employees on suspension or leave due to involvement in or knowledge of the fraud. has led to the firing of several top executives at the Beijing, China-based java giant, the company announced on Tuesday (May 12).

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PYMNTS

MARCH 17, 2017

A new report from the Anti-Fraud Collaboration identifies where corporates should begin when looking to safeguard their data and deploy a cybersecurity strategy. Announcing the report Thursday (March 16), the Anti-Fraud Collaboration said a focus on complex accounting areas is critical to an effective cybersecurity strategy.

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Fraud Report Policies Leadership 100

PYMNTS

DECEMBER 18, 2020

government agencies, Reuters reports. 13), it was reported that SolarWinds' Orion Platform software was involved in “active exploitation.”. As had already happened with SolarWinds' networking management software, Microsoft products were then used to foist scams on others, Reuters writes. sources told Reuters. On Sunday (Dec.

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Report Software Security California 218

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Cyber Due Diligence. The banking industry is no stranger to this.

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Risk Management Management Lending Fraud 150

PYMNTS

SEPTEMBER 24, 2020

PYMNTS’ recent Leveraging The Digital Banking Shift Report found that 46 percent of bank customers have used digital banking services more often than before the pandemic began, with 74 percent of recent online users planning to stick with these services once the pandemic has ended. Fraud Threats To Digital Banking.

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Video Fraud Digital Banking System 205

PYMNTS

MAY 8, 2019

PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management. Caledon used to employ Meeks and Williams before they went to FreightRover, according to reports. Fraud Allegations.

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Fraud Report Indianapolis Leadership 135

PYMNTS

SEPTEMBER 28, 2020

PYMNTS' September Preventing Financial Crimes Playbook , done in collaboration with NICE Actimize , analyzes the pandemic-era fraud landscape and identifies its many pitfalls. This fraud targets all demographics and generations, with U.S. Financial crime-fighters simply won’t suffer this state of affairs.

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Fraud United States Examples cryptocurrency 202