Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify. What are the new notification requirements?

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PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. As digital migration accelerates, managing authentication and online fraud while optimizing the consumer's experience has become one of our customers' top challenges,” Equifax CEO Mark W.

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Idaho Fraud United States Customer Experience 295

PYMNTS

OCTOBER 15, 2020

Somehow, cyber-criminals inserted themselves into an email thread involving parties using an email address that closely resembled the Fisher's mortgage company's legitimate email accounts. All of us thought we were communicating with each other, and every time we sent an email we were communicating with the criminals,” Aaron Fisher said.

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Fraud Report America California 162

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.”.

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cryptocurrency Bitcoin US Security 205

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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PYMNTS

JULY 2, 2018

Payment security technology provider Wibmo is rolling out an upgraded anti-fraud solution for its bank customers to safeguard their electronic payments services. The solution replaces eGuard, its first-generation fraud protection solution. In a press release issued late last week, Wibmo – which is based in the U.S.

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PYMNTS

JULY 16, 2020

The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. The European Court of Justice’s ruling comes as the healthcare sector is debating security best practices as medical providers and consumers shift to digital channels to minimize the virus’s spread.

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PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based

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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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South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Give us 12 minutes and 36 seconds of reading time, and we will distill 106.5

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PYMNTS

APRIL 8, 2020

Hackers have also been known to target the virtual private networks used by companies as ways for employees to log into work from home. 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.,

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Cyber Security US Fraud Security 173

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

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. In 2019, it expanded by buying its fourth branch from a competitor.

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United States Kansas FDIC Risk Management 221

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

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. According to the  National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various  types of human trafficking.

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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. Call for Global Action.

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Abrigo

JULY 1, 2022

Human trafficking has long been a global concern and has officially become one of the eight national anti-money laundering and counter-terrorism priorities for the United States. Department of Homeland Security defines human trafficking as modern-day slavery involving the use of force, fraud, or coercion to obtain labor or commercial sex act.

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Matt Wilcox Pro

SEPTEMBER 28, 2020

With National Cyber Security Month upon us in three days, now seems like a good time to revisit the topic of cyber fraud. But rather than focus on the technically proficient cyber-criminal, today I shall focus on people who unwittingly obtain undeserved credits and refunds, aka friendly fraud.

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Cyber Security Fraud National US 88

PYMNTS

SEPTEMBER 22, 2016

National Geospatial-Intelligence Agency (NGA) told Bloomberg that U.S. spies are starting to install wireless connections in secure facilities and have even begun using iPhones and tablets. An official with the U.S.

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PYMNTS

SEPTEMBER 20, 2016

19) that its Payment Fraud Manager tool detected more than 90 percent of fraud while reviewing only 2 percent of the transactions. According to the company, the new ACH predictive model uses a data consortium model to help stop fraud before a payment leaves the originating financial institution. ”

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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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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. EMV Cards’ Checkered Reputation In The US. comes in dead last, however, as only 59.2 It may seem strange that the U.S.

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Fraud Cards Retail Security 131

Abrigo

AUGUST 20, 2021

When the Financial Crimes Enforcement Network (FinCEN)’s released its inaugural national priorities list for policy related to anti-money laundering and countering the financing of terrorism (AML/CFT), one of the eight priorities included on the list was transnational organized crime (TOC). trillion in 2009 or 3.6%

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PYMNTS

MARCH 17, 2020

The incident could’ve been connected with a spate of rumors about a national quarantine, which a text by the National Security Council confirmed was not true — there wasn’t any such quarantine in effect as of Monday, March 16, and messages saying there was were fake, the text said.

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Nebraska US National Security 134

PYMNTS

FEBRUARY 20, 2017

But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. Join us, along with innovator John Dancu, CEO of IDology, as we delve into the brave newish word of (ever more) secure transactions across the web. Evans, economist and founder at Global Economics Group.

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FICO

SEPTEMBER 14, 2021

A few weeks ago US economists were surprised when the Commerce Department reported that retail sales rose by 0.6% As consumers flock back to stores , some may be surprised and delighted to learn that they can use popular person-to-person (P2P) payment apps like Venmo and PayPal at the cash register. QR Codes and Fraud.

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Fraud Payments Mobile Data 52

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

Abrigo

JULY 19, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be critical in deterring AML/CFT concerns. financial system. . Financial crime. million annually.

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Training National Community Policies 195

PYMNTS

APRIL 17, 2018

When we see malicious cyber activity, whether it be from the Kremlin or other malicious nation-state actors, we are going to push back,” said Rob Joyce, the departing White House cybersecurity coordinator. and British officials warned that infected routers could be used to launch future offensive cyber operations.

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PYMNTS

APRIL 27, 2017

This according to the latest volume of the Internet Security Threat Report published today by software company and security product provider Symantec. the nation most targeted for ransomware attacks — tend to respond to this form of cyberattacks. Lastly, Haley said that even with good security, ransomware can still happen.

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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. .

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Fraud Digital Banking Survey Security 74

South State Correspondent

OCTOBER 25, 2023

This is why when the US banking system was founded, John Hancock and his contemporaries only used checks for large transfers. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will. In addition to the logistics of check clearing and the availability of fraud, settlement is no easy feat.

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Fraud ATM Payments Management 195

PYMNTS

SEPTEMBER 30, 2019

Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place. 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.

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NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016. million in 2016.

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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.

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Fraud ATM Cards Online 76

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. Join other BSA/AML and fraud professionals at the leading industry conference April 19-22! register today.

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PYMNTS

DECEMBER 20, 2019

The year-end report from delivery giant DoorDash told us that burrito bowls, sushi and quesadillas were among America’s most ordered items, depending on one’s location. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Not ideal, but not theft. MOA is a Goer.

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