PYMNTS
JANUARY 25, 2021
This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.
PYMNTS
DECEMBER 16, 2020
Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.
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PYMNTS
JANUARY 26, 2021
Fraud and other forms of cybercrime are perennial challenges for digital-first banks and businesses of all types, as their extensive web presences open additional doors that allow bad actors to infiltrate their operations. billion fraud attacks occurred during the first half of 2020. The Two Types Of Fraud Threats.
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.
PYMNTS
FEBRUARY 1, 2021
The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise.
PYMNTS
JULY 16, 2020
The attack has also drawn the eye of legislators, specifically Senator Josh Hawley of Missouri, who as of Wednesday (July 15) had written Twitter CEO Jack Dorsey looking for a fuller explanation of how cybercriminals has managed to get through Twitter’s two-factor authentication. And the forms these frauds appear in is varied.
PYMNTS
DECEMBER 1, 2017
Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. The skillset will branch out over the next year and beyond, naturally, and reports say the new payments skill will leverage voice recognition technology – Giving new meaning to putting money where your mouth is, securely.
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