Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

Abrigo

MARCH 4, 2022

Synthetic ID fraud is growing quickly and hurts FIs and customers Knowing the schemes associated with synthetic identity fraud and how criminals avoid detection can help minimize losses. Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information.

Fraud 195

Fraud Cards Software Trends 195

Abrigo

DECEMBER 10, 2019

ABA study shows banks are reporting more cases of EFE. Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. What the ABA study determined is that financial institutions of all sizes continue to focus on elder fraud prevention. We can help.

Fraud 284

Fraud Study United States Training 284

PYMNTS

FEBRUARY 15, 2017

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

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Study Security CA National 120

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.

Security 129

Security blockchain San Francisco United States 129

PYMNTS

OCTOBER 5, 2020

In this week’s B2B Data Digest, PYMNTS examines some of these numbers, finding that businesses are falling victim to payments fraud, but that tech firms are taking actions to mitigate cyber risks. . Furthermore, Sodinokibi hacks comprise one third of ransomware incidents that IBM Security X-Force has reacted to this year until now.

Fraud 135

Fraud Payments Security Data 135

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

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Fraud Cards Security National 169

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. However, he noted that the move could negatively impact morale at DHS.

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US Cyber Security Security National 227

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options.

Retail 207

Retail Security Payments United States 207

PYMNTS

MAY 12, 2017

A recent study released by Forrester Consulting and digital identity provider ID.me speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 The study found that, all told, U.S.

Fraud 128

Fraud ATM Google Study 128

PYMNTS

NOVEMBER 20, 2019

Mobile order-ahead has had an outsized impact on the entire restaurant industry, with a recent study finding that only 15 percent of restaurant meals are eaten on-premises, down from 40 percent several years ago. Fraud is a constant concern for QSRs and their customers. Deep Dive: Exploring The Rise Of Gift Card Fraud.

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. News From the Digital ID Space.

Security 110

Security Report National Millennials 110

PYMNTS

DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.

Google 192

Google Security Washington Risk Management 192

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

PYMNTS

JUNE 29, 2020

Using the slogan, “In Fraud We Trust,” the group directed traffic and potential purchasers to sites of its members, which served as online conduits to traffic in stolen identification, financial and banking information, malware and other illicit goods, according to the complaint. In April, a joint study by the U.S.

Nevada 201

Nevada Cyber Security Study Security 201

FICO

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me.

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Fraud Course Examples US 105

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. ” Similar predicaments of public image arise when a government falls victim to fraud. .

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Fraud Baltimore cryptocurrency Maryland 108

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. Here’s a study in contrasts: U.S. Those countries have high-speed Internet, widespread Internet penetration and not a lot of security infrastructure in place We see a pattern among the attackers.

National 112

National United States New York Study 112

PYMNTS

APRIL 8, 2020

According to a joint study published Wednesday (April 8) by the U.S. The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. As the coronavirus pandemic continues to roil the U.S. and the U.K.,

Cyber Security 173

Cyber Security US Fraud Security 173

PYMNTS

DECEMBER 21, 2020

The National Restaurant Association estimates that something like 100,000 eateries have closed either for now or forever, as health fears have struck at the heart of dining out. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud.”.

Mobile 151

Mobile Fraud Policies Study 151

PYMNTS

FEBRUARY 6, 2020

Wray was speaking at the Washington’s Center for Strategic and International Studies think tank, and he said the economic danger from China was “diverse and multilayered.”. “As Zhu Hua and Zhang Shilong were both accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

United States 151

United States US National Fraud 151

PYMNTS

JANUARY 12, 2021

“Retailers are seeing more cases and higher losses as organized crime continues to target stores, warehouses and cargo,” Mark Mathews of the National Retail Federation ( NRF ), which recently released its 16th annual Organized Retail Crime study. Matas sees the current wave of U.S.

Retail 226

Retail Florida San Francisco Sacramento 226

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. The Cost of Compliance. Challenges and Solutions.

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Compliance Fraud Study Digital Banking 123

PYMNTS

DECEMBER 14, 2018

The professional services vertical was followed by the computer and network security industry and then by civic and nonprofit firms. The company has said there is no finding that certain verticals are more or less likely to be prone to expense fraud. This means more opportunity for error and disputes, said AppZen.

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Report Study Fraud Industry 115

PYMNTS

FEBRUARY 1, 2019

In the modern age of retail, a National Retail Federation (NRF) study has found that inventory loss, due to crime or error, is having a $46.8 At the same time, the average shoplifting incident cost rose to $559, as the average cost of return fraud reached over $1,750. billion impact on the industry’s bottom line.

Retail 116

Retail Florida Study Security 116

PYMNTS

OCTOBER 19, 2020

Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. The following Deep Dive explores cross-border payments’ challenges, including time-consuming government inspections, lack of transparency and the potential for fraud.

Technology 193

Technology Payments Security Survey 193

PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Ahead of its global expansion, Tipalti conducted a study to find out. Here’s all the latest news from startup-land this month.

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National Charlotte Regional Operations 101

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. million instances of fraud and two million computer misuse offenses in England and Wales alone. .

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP). A study found that almost half of all U.S. Two-thirds of customers also felt that companies’ account security measures were subpar.

Online 141

Online Compliance Report Study 141

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”. A Slew of Problems.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Another study found that the number of correspondent banking relationships in existence worldwide had dropped 22 percent from 2011 to 2019. .

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Compliance Tools Fraud Regulation 223

PYMNTS

MARCH 23, 2016

Automaker General Motors is using feedback from the public on potential security risks to better understand its vulnerabilities and build up its cybersecurity initiatives. As the technology used to help make vehicles more connected and essentially “smarter,” so have the oncoming threats to the safety and security from cybercriminals.

Security 100

Security Report System Study 100

PYMNTS

MARCH 19, 2020

Phone scammers claiming to be from the Centers for Disease Control and Prevention (CDC) are saying they have a vaccine to cure the coronavirus (COVID-19), and are asking for credit card and Social Security numbers from unsuspecting victims to reserve it, according to a report by The Verge. Do not fall prey!” Fauci, M.D.

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Ohio Seattle Payments California 187

PYMNTS

DECEMBER 11, 2020

As the new Digital Identity Tracker® states, “about 40 million bank customers in Thailand are expected to register for digital identity authentication under the country’s National Digital ID (NDID) program, which was recently expanded to more financial service providers.

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Video Security National Digital Banking 204

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. World First found a 75 percent increase in the volatility of the pound should the nation leave the European Union. companies, reports said. billion valuation for the U.K.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

SEPTEMBER 6, 2019

Australia, Malaysia, Thailand and the United Kingdom are just a handful of nations that are exploring the benefits, ranging from opt-in programs designed to help citizens access financial and governmental services to compulsory ID solutions meant to serve as virtual ID cards.

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National Study Digital Banking Trends 179