Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Computer-security incident notifications required.

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PYMNTS

JANUARY 22, 2020

The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. It is said that the 3-D Secure solution can be implemented in a short amount of time.

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PYMNTS

JUNE 23, 2020

Federal Reserve has introduced a new effort to combat payments fraud. “We are proud to be an early adopter of the RTP network, which demonstrates our commitment to be at the forefront of technology and payments and allows Chesapeake Bank to continue to meet our customers’ needs now and in the future.” In the U.S.,

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PYMNTS

OCTOBER 12, 2020

This growth is a double-edged sword for merchants, as they need to keep up with consumers’ shifting payment expectations online and in-store while protecting their data against increasing numbers of fraud attacks. Shifting Payment Behaviors And Fraud .

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PYMNTS

APRIL 16, 2020

And for all the brilliant modeling, artificial intelligence (AI) and machine learning (ML) technology we have to throw at the problem of fraud, he said, the good guys are operating at something of a disadvantage when it comes to detecting the scams that are to come. It takes that long to get feedback from consumers on credit card fraud.

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Meeting Fraud Analysis Data 170

PYMNTS

NOVEMBER 27, 2020

Businesses moving their payments online face fraud concerns, which — coupled with the frequently exorbitant costs of upgrading legacy systems — can be enough to convince many to stick with their existing paper-based methods. Webhooks can also promote fast and secure real-time payments. The challenges of B2B transactions.

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PYMNTS

NOVEMBER 27, 2020

Overtaxing the royal attention span — that of the consumer — is a mistake, so multifactor authentication (MFA) processes are morphing in various ways to reduce onboarding frictions while maintaining rigorous multifactor authentication (MFA) and other fraud-fighting tools. Phone Call For You. Taking Authentication To The Streets.

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PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure. One study on six countries, including Canada, the U.K.

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Fraud Security Mobile Examples 208

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in Ghana and Uganda are exploring changes to their remittance rules to keep payments secure.

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Fraud Payments Regulation Security 180

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance.

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PYMNTS

JULY 8, 2020

He and Nitendra Rajput , Mastercard’s vice president of product development and head of the company’s “AI Garage,” said that in many cases, AI is the only way to scale up sufficiently to meet the challenges the company faces with fraud and other business issues. “It Fighting Fraud in a Post-Pandemic World.

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PYMNTS

OCTOBER 19, 2020

19) announced that its Sigma Instant Desktop Issuance product will set “the standard for simple, secure and smart instant-ID solutions across enterprise, healthcare, government, higher education and financial institutions (FIs)." One challenge for companies is maintaining “a safe and secure flow of data ?

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PYMNTS

OCTOBER 19, 2020

Meeting this fraud threat will require in-depth knowledge of fraudsters’ techniques and advanced technology and customer vigilance, according to Jamie Armistead , vice president and business line leader for banking app Zelle. “We We split out scams and frauds,” he explained in a recent interview with PYMNTS.

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PYMNTS

JUNE 24, 2020

In an interview with Karen Webster, Entersekt CEO Schalk Nolte said that in a world forever transformed by the pandemic, digitally established global identities and trusted endpoints are critical means of achieving genuine account security. CNP fraud, Nolte said, has become a numbers game.

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PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. Justice Department, National Security Agency and the White House. The thinking goes that if the U.S. It includes all five branches of the U.S.

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PYMNTS

JUNE 22, 2020

It’s the battle against fraud that can be lost right at the beginning. There’s increased urgency on the part of financial institutions (FIs) to spend more time and money on battling fraud at the point of onboarding, especially as card-not-present transactions surge in the lingering wake of the coronavirus. alone topped $10.2

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PYMNTS

DECEMBER 19, 2019

M&A initiatives and partnerships, Open Banking business models and data integrations, and significant investments in new, cloud-based products and services have legacy banks working intensely to meet customers’ digital demands. This is especially true as banks’ customers expect their FIs to bear the burden of fraud protection.

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PYMNTS

JUNE 11, 2020

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners , a press release states. The software utilizes real-time data analytics and real-time scoring to help merchants snuff out fraud and deliver seamless transactions, the press release says.

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PYMNTS

APRIL 30, 2020

CUs are seeing an increased number of phishing emails and overall digital fraud since the pandemic started, with 22 percent of American consumers reporting they have been targeted by virus-related online fraud, according to one survey. Deep Dive: Emerging CU Fraud Threats And How Data Analytics Can Help.

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FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Here were the top 5 posts of 2017 in the Fraud & Security category: AI Meets AML: How the Analytics Work. AI Meets AML: How Smart Analytics Fight Money Laundering.

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Meeting Fraud Security ATM 53

PYMNTS

JANUARY 26, 2020

Google has announced that all paid commercial extensions have been temporarily suspended from being published or updated in the official Chrome Web Store due to fraud, ZDNet reported on Saturday (Jan. As a result, Google’s security team indefinitely suspended the extensions, which impacts all paid extensions.

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Google Fraud Apple Meeting 161

PYMNTS

APRIL 9, 2019

The fraud is fairly easy to pull off because it ignores and bypasses many existing controls for capturing it. Adrien Gendre, chief solutions architect with email security company Vade Secure, said the scam has only appeared in the last month. Last year, the Internal Revenue Service warned that scams like this were on the rise.

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PYMNTS

APRIL 13, 2017

But the company also knew that in order to provide the best security and best customer experience simultaneously, it would need to exceed the Payment Card Industry (PCI) Security Standards Council standards. With the primary goals of finding a solution with ease of integration, compliance tracking and quality monitoring control, WOW!

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Meeting Compliance Security System 101

PYMNTS

MAY 28, 2020

This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

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PYMNTS

APRIL 16, 2020

Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption. companies said they could meet all their payment obligations with staff working remotely, for example.

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Cisco

JULY 26, 2022

They provide cloud-neutral connectivity, security, and compute and leverage data-driven performance analytics to ensure better operational visibility and resilience. Secure the brand. Each of those present a different risk and unique security requirements. Hybrid work is accelerating a shift to perimeter less security.

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PYMNTS

MAY 8, 2020

Three months ago, he noted, any talk about streaming probably meant music or movies; today it could also be referring to piano lessons, class instruction, meetings with co-workers, virtual cocktail hours with friends or a daily workout session.

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PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

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Cards Security Tools Online 197

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct. In the event of possible fraud, members are alerted quickly and securely using their preferred method of communication.

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Fraud Tools Security Analytics 109

PYMNTS

OCTOBER 18, 2018

In the latest Digital Banking Tracker , PYMNTS examines how customer migration to mobile and digital offerings is creating security related challenges for banks big and small — and how financial institutions (FIs) around the space are working to solve them. How Banks Are Weaponizing Data To Fight Fraud. About the Tracker.

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PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . It also outlines some of the frictions entities face when doing so. . Leveraging phone-based verification.

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Security social media Fraud Retail 174

PYMNTS

NOVEMBER 22, 2019

We certainly don’t want a business traveler coming in for an important set of meetings to walk in and realize that that property is not actually legitimately owned by that host, so that’s obviously one of the first things that we look for and validate,” he said. The wider home rental space has been seeing increased fraud in recent years.

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Fraud Security Groups Marketing 145

PYMNTS

JUNE 5, 2020

And the field of targets is richer and wider than ever, as merchants have expanded their digital presence to meet a new crop of consumers making their initial steps into online commerce. Meeting The Rising Challenges . They are very thoughtful, and they know all the tricks to getting away with fraud.

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Perficient

FEBRUARY 29, 2024

To address this, institutions are increasingly turning to technology-driven solutions aimed at enhancing service reliability, compliance, and security. Fraud Detection Banks are increasingly turning to AI-powered solutions to effectively detect and prevent fraudulent activities.

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Trends Industry Analytics Compliance 221

PYMNTS

SEPTEMBER 18, 2019

Mobile and online banking providers have been upping their fraud protection measures over the last decade, making it more difficult for bad actors to rely on some of the schemes that previously worked in such channels. Banks are dealing with rapid rises in fraud schemes such as ATOs, synthetic identity fraud and account opening fraud.

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PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

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Abrigo

FEBRUARY 9, 2024

residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. However, they would be required to file a modified suspicious activity report (SAR) for any sale or transfer of residential real property that meets the requirements outlined in the proposed rule.

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