Fraud National Online Risk Management 
Abrigo
NOVEMBER 17, 2023
Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.
PYMNTS
OCTOBER 14, 2016
The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? And even if you do confirm their identity, how do you know that person can be trusted?
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PYMNTS
OCTOBER 8, 2020
Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Feedzai has seen the increase in fraud and scams with the pandemic. EMEA, Asia and the Pacific and Latin America.
PYMNTS
JULY 25, 2017
The impact of online fraud reaches far beyond the dollar count of sales lost. . With firms losing more than $5 million in stolen data tied to breaches, the true cost of online fraud is increasing. At 71 percent, as estimated by one secure payments processing firm, identity theft is the most common type of fraud.
PYMNTS
JANUARY 13, 2021
With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated.
PYMNTS
JANUARY 3, 2019
As bad as one might think the risks of cybercrime are (fraud, hacking, data breaches , customer and revenue loss, lawsuits and fines), the reality is probably worse. On the national level, at least, “we’ve been focused on [potential] attacks against critical infrastructure” since the late 1990s, he told Webster. Big Mindsets.
PYMNTS
FEBRUARY 24, 2016
23), the National Retail Federation (NRF) reviewed various research efforts that mete out how serious the threat against companies’ digital data from their own internal employees is — as well as, perhaps even more seriously, the fact that many retailers might not be considering that threat. It can be done online,” he told the NRF. “It
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