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Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

Michigan 163
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Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud

PYMNTS

Michigan as of last week had halted 340,000 questionable unemployment claims, while Pennsylvania suspects it has paid out on roughly 60,000 false filings, and Maryland has found 47,000 unemployment fake-outs. They are going to have to update how they mitigate and control fraud and risk and update their systems.

Fraud 160
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TRENDING: Voice Recognition Gets Its Own Backup Biometrics

PYMNTS

Another day, another security breach. But, despite the disastrous news, there is reason for optimism in the fight against fraud. Over the past month, several providers debuted solutions to combat cyberattacks by employing new innovations and technology. Giving voice recognition a security boost.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said.

Data 130
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Lenovo, Intel, PayPal Tackle Payments Fingerprint Tech

PYMNTS

Tech companies Intel, Lenovo and Synaptics recently announced they are teaming up on new technology that will enable people to verify their identities for online payments by using their fingerprints. Research from Michigan State University showed it was possible to print a fingerprint using special ink to unlock a phone. told WSJ.

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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Those dynamics have made the dangers of fraud far less abstract to consumers. Fraud, he said, is occurring at an unprecedented rate and scale and it was far from a small issue before.

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College Pays Off Hackers With $28K In Bitcoin

PYMNTS

Joseph Moreau, vice chancellor of technology at Foothill-De Anza Community College District in Silicon Valley, was quoted as saying : “Ransomware has rapidly risen, from my perspective, to be one of the foremost threats we’re facing in information technology, anywhere, let alone in higher ed.”.