PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. billion in fraud and theft seen last year.

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PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

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Fraud Retail Cards National 120

Abrigo

APRIL 18, 2022

According to a White House statement , the executive order's goals are to: enhance consumer protection ensure financial stability increase national security reduce climate risk The White House describes the executive order as an attempt to balance innovation and U.S. National objectives in cryptocurrency policy. Priorities.

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. A number of these schools had to make quick changes to their onboarding procedures as they encounter the safety and wellness risks presented by the coronavirus. Helping QSRs Fight Food Fraud. Top News .

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Fraud Apple California Innovation 141

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. The Drawbacks of Complex Security.

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PYMNTS

MAY 12, 2017

According to Director of National Intelligence Daniel Coats, smart devices are more than an attractive target for hackers for profit — they could also be the launching ground for attacks on U.S. intelligence efforts in the future. “Russia is a full-scope cyber actor that will remain a major threat to U.S.

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National Security US Community 101

PYMNTS

JANUARY 29, 2019

prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. government charged Huawei Technologies , two affiliated companies and chief financial officer Meng Wanzhou with bank and wire fraud, as well as conspiracy in connection with business in Iran.

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Fraud Washington New York Conference 130

PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. Beyond the confines of one methodology (payroll fraud, as detailed above), Europol has issued a cybercrime report that has taken note of certain attack methods. The deposits?

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Fraud Cards Report Mobile 141

PYMNTS

JULY 2, 2020

How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. That massive shift in spending activity is rendering 90-day profiles obsolete, and FIs have had to respond, said Carlos Mejia, chief digital executive at Florida-based Pacific National Bank. Find more about these and the rest of the latest headlines in the Tracker.

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Fraud Cards Florida Trends 222

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

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PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. The arrest adds complications to an already tense situation between the two nations, who are locked in an ongoing trade war. financial institutions and delivered a PowerPoint presentation in Chinese. On Friday (Dec.

Fraud 116

Fraud United States New York Compliance 116

Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. The Texas Advocacy Project provides legal services and financial literacy courses for victims who need help achieving financial security.

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Training Community Software Texas 261

PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

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Bitcoin Fraud Payments cryptocurrency 132

PYMNTS

MARCH 16, 2017

The DOJ said that the four men against whom it brought charges face 47 criminal charges, including conspiracy, computer fraud, economic espionage, aggravated identity theft and the theft of trade secrets. One of those charged, Karim Baratov, a 22-year-old Canadian and Kazakh national, was arrested in Canada on Tuesday.

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San Francisco National Fraud Data 116

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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PYMNTS

NOVEMBER 7, 2016

Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

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Security Payments Survey Innovation 193

Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry. Phishing attacks.

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Cyber Security Security Exercises social media 137

PYMNTS

OCTOBER 13, 2017

When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling. How should they adjust to a new reality in which the data they are presented looks legitimate but may be stolen? Equifax brings a few key questions to mind.

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Industry Security eBook Data 144

South State Correspondent

JUNE 14, 2024

Bankers don’t know what they don’t know, and few bankers outside of national and regional banks have experience with platform selection when it comes to digital banking platforms. Present a cohesive ecosystem and product set to customers and employees. The same goes for data, analytics, artificial intelligence (AI) and security.

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Digital Banking Customer Experience Meeting Analytics 195

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

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Fraud Cards Retail Security 131

South State Correspondent

OCTOBER 25, 2023

The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will. Once a check leaves the payee’s hands, it is mainly unsecured.

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Fraud ATM Payments Management 195

PYMNTS

FEBRUARY 6, 2020

At the end of 2018 , the United States Department of Justice (DOJ) said it was going to charge two Chinese nationals for a hacking campaign that affected multiple companies and the military, including 100,000 members of the U.S. While the men were indicted, they are still at large. .

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United States US National Fraud 151

PYMNTS

MARCH 30, 2020

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. As Bryant said, the tool offers a way for CUs to measure the effectiveness of their fraud programs. “It

Tools 143

Tools Fraud Data Security 143

PYMNTS

APRIL 9, 2020

BuySpeed has the only license to keep, improve and market the commodity/services code of the National Institute of Governmental Purchasing (NIGP). In separate security news, a Bluetooth security flaw was discovered in August that could leave the data of users unprotected and susceptible to hackers.

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Texas Security Software National 268

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. The shift to e-commerce CNP fraud.

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Fraud Cards Security US 84

PYMNTS

SEPTEMBER 30, 2019

Our customers increasingly rely on us to provide solutions that help make their systems safer and more secure,” said Johan Gerber, executive vice president, security and cyber innovation, Mastercard. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

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Boston Security System Cards 177

PYMNTS

DECEMBER 20, 2018

20) that it’s bringing charges against two Chinese nationals for an alleged global hacking campaign that affected multiple companies and military branches, including 100,000 members of the U.S. The men, Zhu Hua and Zhang Shilong, are accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

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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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Fraud blockchain System Cards 158

PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. billion in fraud and theft seen last year.

cryptocurrency 101

cryptocurrency National Fraud Security 101

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? Once I started looking around, I saw that Venmo is accepted at quite a few national retailers. A growing list of national restaurant chains are making PayPal an option, too, such as Chick-Fil-A, McDonald’s, Burger King, Taco Bell and, importantly, Panda Express. QR Codes and Fraud.

Fraud 52

Fraud Payments Mobile Data 52

Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

Risk Management 195

Risk Management Policies Capital Maine 195

FICO

NOVEMBER 21, 2018

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

Fraud 76

Fraud ATM Cards Online 76

PYMNTS

MAY 19, 2020

Around 90 percent of users were Brazilian customers, although other nationalities were also present, including customers from Peru,” Sen told The Hacker News. to secure the two servers, The Hacker News reported. The leaked information also includes online payment account details with access for nearly 40,000 wirecard.com.br

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Data Branding National Cards 234

PYMNTS

DECEMBER 20, 2019

As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Uber Co-Founder Travis Kalanick has even secured $400 million to develop his new CloudKitchens concept, which rents fully equipped cooking spaces to delivery-only restaurants in major metros. Not ideal, but not theft.

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Mobile Fraud New York City Metro 131

PYMNTS

NOVEMBER 5, 2019

Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather than presenting physical identity documents like driver’s licenses or passports. Increased technology adoption brings along additional security concerns, however. Developments From Around The Digital ID World. billion in Q2 2018 to $1.02

Data 101

Data Fraud Security Trends 101

PYMNTS

FEBRUARY 20, 2020

Chinese firm Huawei Technologies is seen as being in the lead at present, as technologists in the West slog through issues around standards. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. Smart Cities and 5G Threats.

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Leadership Technology Security California 237

PYMNTS

MARCH 29, 2019

Australian TV presenters Karl Stefanovic and Waleed Aly are the latest celebrities to become victims of common bitcoin scams. s national fraud helpline has found that in the 12 months leading up to March 19, investors lost over £15 million ($19 million) to bitcoin scams. In addition, the U.K.’s

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