Abrigo

FEBRUARY 9, 2024

real estate market alone. Takeaway 3 By staying vigilant and adopting a proactive approach, financial institutions can create a more secure real estate environment that safeguards against money laundering. “Illicit actors are exploiting the U.S. billion laundered between 2015 and 2020 through the U.S.

Training 195

Training Fraud Trends Report 195

PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. billion in fraud and theft seen last year.

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

JULY 2, 2018

Payment security technology provider Wibmo is rolling out an upgraded anti-fraud solution for its bank customers to safeguard their electronic payments services. but identifies India as one of its top markets – said its Trident solution is now live for FI customers in India.

Fraud 100

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PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. The Drawbacks of Complex Security. More than 4.5

Security 129

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PYMNTS

JANUARY 8, 2020

The development of digital identity solutions shows no signs of slowing in the new decade, with the mobile biometrics market expected to add $28.45 A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity. EMV Cards Face Crucial Verification Security Gaps.

Fraud 169

Fraud Cards Security National 169

PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. Shares fell on the news.

Fraud 142

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. The current policy is a non-policy.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

FEBRUARY 27, 2018

In several markets around the world, biometric solutions are gaining ground among consumers, companies and government organizations. These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. billion USD.

Security 110

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Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. According to the  National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various  types of human trafficking.

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PYMNTS

JULY 26, 2019

Nucleus announced an update Thursday (July 25) to its FinnAxia transaction banking tool to combat real-time payments fraud using artificial intelligence to automatically identify anomalies and duplicate or fraudulent transactions. Singh in a statement.

Software 100

Software Fraud Payments Regulation 100

PYMNTS

DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.

Google 192

Google Security Washington Risk Management 192

PYMNTS

OCTOBER 14, 2019

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to raise those amounts. financial regulations work.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

APRIL 10, 2019

authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation. The fraud, which resulted in more than $1.2 Medicare’s anti-fraud unit announced that it took adverse administrative action against 130 DME companies that submitted over $1.7

Fraud 116

Fraud South Carolina New Jersey Florida 116

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. But they have grown in popularity in markets that are not stable. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JANUARY 31, 2019

Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S. The growth of Same-Day ACH seems to also suggest that previous concerns about the risk of more fraud as a result of accelerated transactions has not held the industry back from adopting the functionality.

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. Feedzai has seen the increase in fraud and scams with the pandemic. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. The debate still hinges on what a security is.

Marketing 109

Marketing cryptocurrency Conference Security 109

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. Banks should also have effective information security infrastructure and controls in place to mitigate hacking, theft, and fraud. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

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.

Cyber Security 137

Cyber Security Security Exercises social media 137

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

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PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

Fraud 100

Fraud Compliance Security Industry 100

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. In the Buy Now, Pay Later: Millennials And The Shifting Dynamics Of Online Credit report, PYMNTS surveyed a national sample of nearly 15,000 U.S. Platform companies are coming to market with increasing frequency. million in consumer losses.

Trends 175

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PYMNTS

JANUARY 5, 2017

With it, KNET can offer its member banks fraud protection. ACI Worldwide will also deliver ongoing fraud prevention consultancy to KNET. “A ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan.

Fraud 100

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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.

Security 100

Security Mobile Fraud United States 100

Abrigo

AUGUST 20, 2021

When the Financial Crimes Enforcement Network (FinCEN)’s released its inaugural national priorities list for policy related to anti-money laundering and countering the financing of terrorism (AML/CFT), one of the eight priorities included on the list was transnational organized crime (TOC). Fraud Prevention. Fraud Trends.

Training 195

Training Strategy Fraud National 195

PYMNTS

FEBRUARY 15, 2017

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

Study 120

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PYMNTS

JULY 21, 2017

Working cooperatively, American and European authorities reported yesterday (July 20) that they have shut down two of the largest online black markets — AlphaBay and Hansa Market. AlphaBay has been down since early July — since the arrest of founder Alexandre Cazes, a Canadian national living in Bangkok.

Marketing 100

Marketing National New York Conference 100

PYMNTS

AUGUST 17, 2020

California lawmakers are moving quickly to create a financial watchdog agency as a new department of their state government, as the coronavirus pandemic accelerates financial crime across the nation. How QSRs Are Fighting Digital Food Fraud. Germany Launches Investigation Into Amazon.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

APRIL 8, 2020

The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. Amazon has had to scramble to get rid of numerous fake or counterfeit products related to the virus, including some things marketed as cures. As the coronavirus pandemic continues to roil the U.S. and the U.K.,

Cyber Security 173

Cyber Security US Fraud Security 173

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. KeyBank’s Costly Payroll Fraud Problem . percent and the company lost about $178 million from its market cap. Starting with. Bulgaria’s Big Breach . MILLION, BILLION? MILLION, BILLION?personal

Data 100

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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

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PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. Chargehound.

National 101

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NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. The shift to e-commerce CNP fraud.

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Fraud Cards Security US 84

PYMNTS

JULY 16, 2020

The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. could cost these companies billions in trade from their cross-border data activities, including cloud services, marketing and advertising and human resources, The Journal reported. servers, The Wall Street Journal reported.

Data 212

Data US Regional Resources 212

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? Once I started looking around, I saw that Venmo is accepted at quite a few national retailers. A growing list of national restaurant chains are making PayPal an option, too, such as Chick-Fil-A, McDonald’s, Burger King, Taco Bell and, importantly, Panda Express. QR Codes and Fraud.

Fraud 52

Fraud Payments Mobile Data 52

PYMNTS

JUNE 26, 2020

According to auditor Ernst & Young (EY) , German payment processor Wirecard knowingly gave false statements and was in the midst of “elaborate and sophisticated fraud involving multiple parties around the world” in regards to $2.1 billion on its books that may not exist. The matter concerns the $2.1 Thus far, he has denied any wrongdoing.

Fraud 256

Fraud National Company Marketing 256

PYMNTS

NOVEMBER 14, 2016

It’s projected to be the future of marketing and commerce. The dedicated AR device market is projected to reach just under $660 million by 2018. And the combined AR/VR markets are projected to reach over $162 billion by 2020. Some national and regional markets are more willing to accept AR than others.

Security 100

Security Regional Data Examples 100