PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S.,

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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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PYMNTS

DECEMBER 8, 2020

As the holiday shopping season kicks into high gear amid an unprecedented pandemic-era surge in online shopping, banks and merchants are bracing for an associated spike in fraud , disputes and chargebacks. The way to solve for it is data ,” Briscoe, Ethoca’s chief marketing and product officer, said in an interview with PYMNTS. “Our

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PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Fighting Fraud Visibly and Invisibly. Facing Future Fraud. Partnering With Established Players.

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PYMNTS

NOVEMBER 15, 2016

Kaltura , an video platform for the OTT TV (Over the Top TV), OVP (Online Video Platform), EdVP (Education Video Platform) and EVP (Enterprise Video Platform) markets, announced an integration with commerce platform Stripe to increase revenues for OTT players.

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Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Their ability to market and add banking functionality … is a natural fit.”.

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PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Find the full story in the Tracker. About The Tracker.

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PYMNTS

DECEMBER 14, 2020

The company was already Amazon -owned, and Soudodi said in the letter that the new name signals the company will still be a "highly secure online payment service that is easy-to-use and seamlessly integrable," but will now have the benefit of Amazon's global reach and other high-tech benefits.

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PYMNTS

AUGUST 5, 2020

While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. One report found that the mobile gaming market is expected to be valued at $100 billion by the end of 2020, for example. Around The Digital Identity Ecosystem.

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PYMNTS

AUGUST 8, 2019

Tighter security and authentication methods for digital IDs are necessary to lessen the magnitude of these breaches, and hopefully stop them entirely. . Steps will need to be taken to mitigate these weaknesses if the digital ID industry wants to expand without the looming shadow of fraud. Selfies in the name of security.

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PYMNTS

JULY 13, 2020

Consumers’ and commercial buyers’ interest in the sector have slowly risen since some markets worldwide have reopened brick-and-mortar locations and resumed normal business dealings. Many markets’ stay-at-home orders led consumers looking for new homes to rely on digital tools. KYC, Security In The Digital Onboarding Age.

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PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. As Don Bush, VP of Marketing at Kount , recently told Karen Webster , knowing what’s coming can better prepare you to defend yourself. But the start of any good operation must begin with a good plan.

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PYMNTS

JULY 14, 2020

Many markets’ stay-at-home orders led consumers looking for new homes to rely on digital tools. Some markets that have partially reopened, such as New York City, have mandated certain changes to in-person meetings to minimize potential health risks.”. The Absence of Options’. It’s a bit all over the place, but that’s chaos for you. “The

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PYMNTS

SEPTEMBER 17, 2020

Higher education is not immune from pandenomics, and is undergoing its own reset as institutions of higher learning synthesize new market conditions. One recent report found that the IAM technology market is predicted to grow from $7.6 For colleges, those new conditions center on remote registration and distance learning.

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PYMNTS

JULY 7, 2020

Cybersource and Authorize.Net recently launched a new partner marketing portal designed to arm their partners with the tools and materials they need to help their merchants adapt their businesses. Elsewhere, earlier this year, Cybersource announced a pilot program for the OAuth 2.0

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FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. As such, we’ve seen a slow emergence of a black market for the sale of fake vaccine passports and it is on its way to becoming a lucrative industry in 2022. In the first half of 2021, APP fraud losses increased by 71%, surpassing card fraud for the first time.

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PYMNTS

JUNE 4, 2020

Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. The June AML/KYC Tracker ® explores these and other methods that financial services companies are adopting as they work to make their security efforts both faster and more accurate.

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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.

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PYMNTS

JANUARY 19, 2021

The larger issue is remote onboarding becoming the dominant form of account creation, and how to secure a world where in-person meetings are out, and documents can be faked. That same report noted “an encouraging drop of 24 percent in ID-based fraud rates in 2020 from 2019. billion in 2020 alone.”. Digital A Lifesaver For HR Pros.

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PYMNTS

AUGUST 29, 2017

A group of technology and security companies joined forces despite being competitors to take down WireX, a new cybercrime machine that was made up of tens of thousands of Android mobile devices that were hacked by DDoS (denial-of-service) attacks.

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PYMNTS

AUGUST 12, 2019

News came last week that Facebook is trying to get into the video streaming subscription business and attempt to steal market share from YouTube and Amazon. This is the first time Facebook is trying to sell subscriptions directly to users without an intermediary, indicating eagerness to enter the video streaming business.

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PYMNTS

MARCH 28, 2019

As major rideshare companies compete for even greater shares of the market, they’re placing a heavy focus on fine-tuning onboarding processes. Any online marketplace needs to provide secure onboarding to keep all users safe from fraud. Around the Digital Onboarding World. Find the rest of the latest headlines in the Tracker.

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PYMNTS

NOVEMBER 26, 2019

Although Alibaba and JD.com usually lead China’s eCommerce market, the four-year-old Pinduoduo is “popular with China’s lower-tier city residents” and attracts customers with offers of discounts and deals, per reports. Amazon has also been under fire for privacy issues related to its data practices regarding the Ring video doorbell.

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PYMNTS

NOVEMBER 22, 2019

In one recent event that grabbed headlines, video game developer Valve Corp. In an announcement late last month, Valve said “nearly all” trading of the keys was “believed to be fraud-sourced.”. The Economist noted that the announcement is a “rare admission of the growing problem of using video games to facilitate financial crime.”.

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PYMNTS

JUNE 22, 2020

Triangle, along with other defendants in the FTC’s case, was marketing items online, such as skin creams, electronic cigarettes, and dietary supplements, according to the release. In related news, the FTC has released state data for complaints related to the pandemic, finding that the vast majority involved attempts at fraud.

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PYMNTS

NOVEMBER 20, 2019

The approximately 1-minute video is, on its surface, just a strangely mechanical but also human-like recitation of various encouraging slogans culled from what a machine learned from at least seven years of Nike commercials. The result — which I named ‘AI and Kennedy’ — is a schizophrenic journey of motivation bordering on the unintelligible.

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PYMNTS

OCTOBER 11, 2019

The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. Great news for innovative retailers. Less so for cashiers.

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PYMNTS

OCTOBER 26, 2020

And, because many of them are done at large discounts from market value, they could be tied to illegal activity. Vortex Blockchain Technologies has settled with the Securities and Exchanges Commission (SEC) in a case where Vortex's securities license was revoked as of Oct.

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Bitcoin cryptocurrency blockchain Video 169

South State Correspondent

FEBRUARY 14, 2022

Part of the allure of Amazon is that they keep a record of purchases and use the data to help both in reorder and for marketing of other suggested items. Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.) The data is a treasure trove of revenue. How Banks Are in The Middle.

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blockchain cryptocurrency Data Payments 195

FICO

SEPTEMBER 9, 2021

As financial institutions look to build their customer identity proofing and authentication strategies for the “new normal”, I met up with Andras Cser from Forrester to talk about what is happening in the market now, how best practices are developing and what to consider when defining the role of identity verification across the customer lifecycle.

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FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

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PYMNTS

NOVEMBER 10, 2020

“Most things take 10 to 15 years to drive through the ecosystem,” McCarthy told Webster — especially when a range of stakeholders are involved, spanning two-sided markets, consumers, merchants and governments. Crypto has been held up by critics as a conduit to fraud and money laundering.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

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PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 The Cost of Compliance. Cryptocurrency and Blockchain.

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cryptocurrency Regulation Compliance blockchain 116

Banking 2020

SEPTEMBER 10, 2015

It’s clear that cyber threats and identity theft tactics are getting smarter, and that banks need to amp up their security practices to combat this evolution. Financial institutions have the opportunity to make security investments that also increase their ROI. Here are two such security investments: Keystroke Encryption Software.

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Cyber Security Security Fraud Software 40

PYMNTS

MAY 18, 2018

But the move towards bits and bytes is gathering steam in a bid to bring security to far flung transactions. Through remote notarization (and through Notarize, she added), parties to a transaction can save time and reduce fraud. The affixation of seal, and stamp, and signature is a process that seems necessarily bound in paper and ink.

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PYMNTS

MAY 15, 2018

The Pros and Cons of Standard Security Choices. Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. Plus, data breaches have left a lot of those security responses exposed. Then there’s two-factor authentication.

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