PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding. At The Consumer Level.

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Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. By Katie Kuehner-Hebert.

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PYMNTS

DECEMBER 8, 2020

But that priceless present could turn into a costly surprise, the Better Business Bureau warns , due to an exponential increase in pet scams this year that has left would-be owners heartbroken and several hundred dollars poorer too. Corey, BBB St. Louis president and CEO. Paying For Pups.

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PYMNTS

JULY 14, 2019

Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

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PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The Rise of CNP Fraud.

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PYMNTS

JANUARY 25, 2021

Yitz Mendlowitz, founder and CEO of PAAY , shares his insights on how the pandemic has impacted small businesses, and what they should do in the year ahead to prevent fraud and survive in the new digital economy. With an effective fraud prevention solution, businesses can successfully adapt. retailers incur $3.13 of costs.

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PYMNTS

OCTOBER 29, 2018

But memory implants will also present a variety of opportunities for cybercriminals. Already, “researchers (have) found one serious vulnerability and several worrying misconfigurations in an online management platform popular with surgical teams, which could allow an attacker to access sensitive data and treatment procedures.”.

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PYMNTS

NOVEMBER 27, 2019

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. The new Digital Fraud Tracker highlights the emerging fraud trends as well as the latest solutions and strategies that companies are embracing in an effort to protect themselves and their customers.

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FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

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PYMNTS

AUGUST 23, 2019

Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses.

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CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

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PYMNTS

OCTOBER 1, 2020

Consumers in the MENA region have been flocking to online channels since the pandemic’s onset and businesses have followed suit by deploying new digital payment capabilities and offerings,” the Guide states. Questions regarding data privacy regulations are expanding in scope and scale as regulators take careful note of consumers’ concerns.”.

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PYMNTS

APRIL 22, 2020

New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report. Banks must enable fast and seamless onboarding experiences, but these processes should also be secure.

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PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. Consumers’ changing views are prompting MENA financial authorities to reexamine how their present regulations handle online privacy.

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PYMNTS

AUGUST 22, 2016

That’s according to a report by Wired , which showcased how researchers have been able to demonstrate a new method to steal a face using 3D rendering and light sleuth work online. You can’t always control your online presence or your online image.”.

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PYMNTS

SEPTEMBER 7, 2018

Call it the Great Trade-Off, perhaps: Consumers give up data to online merchants and marketers in exchange for free services, targeted offers, discounts and other benefits. In fact, a poll taken of webinar participants during the presentation found that only a third said passwords do, indeed, have a future. Machine Help.

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Abrigo

OCTOBER 3, 2014

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer. Image source: Rubiks.com. Blog Accountant'

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FICO

JUNE 9, 2016

Millennials reward positive fraud outcomes. FICO’s latest research on consumer banking trends has revealed that 22% of US consumers will close an account after a fraud incident, while 29% of Millennials will close all accounts with that bank. 25% of Millennials will write a negative post on social media about a fraud incident.

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PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

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PYMNTS

APRIL 19, 2019

As noted in this space this past week, SCA has goals that are laudable by any measure, as the SCA requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. That’s important in a world where commerce is increasingly moving online. Facebook: Data as a weapon?

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social media Online Regulation Taxes 125

NCR

FEBRUARY 12, 2018

In fact, it could well be that the introduction of PSD2 will present a wide range of opportunities for banks to take advantage of their many years of experience and leverage the trust they have built up from customers over this time to get ahead of the new generation of competitors. But this may not necessarily be the case.

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PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

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South State Correspondent

OCTOBER 20, 2022

We don’t care if it is an ATM, a new branch design, a fraud database, a deposit account opening product, or a core system, time matters. Call or go online to change your address at Fidelity Bank, and you will receive a prompt with information about how to order new checks and/or update your loan insurance forms.

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PYMNTS

JANUARY 31, 2020

Even customer behavioral analysis can fall short of sensing some thieves, according to Doug Clare, vice president of fraud product management at the consumer credit score, analytics software and fraud detection platform provider FICO. The social media platform released its fourth-quarter earnings and full-year 2019 financials on Jan.

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NCR

JUNE 23, 2017

Online fraud is one of the biggest challenges for the financial community. Just this past year, NuData scientists discovered a 400% year-over-year increase in sophisticated automation that created a spike in application fraud and account takeover attacks. Varied Cyber Attacks. billion by 2020. Image: iStock/hh5800.

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PYMNTS

JANUARY 17, 2017

For example, Ayers said, it’s possible that a millennial’s phone number and email address, both pieces of data that people typically hang onto for many years, could be as important as anything else to identify and verify consumers who may not have a rich credit history but who are presenting themselves to be “authenticated” for a purchase. “Is

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Millennials Data Fraud social media 100

PYMNTS

NOVEMBER 17, 2020

That sets the stage for fraudsters to follow the money as consumers transact online — and steal a large chunk of that money. Panelists included Schalk Nolte , CEO of Entersekt ; Jen Martin , head of Fraud Operations at KeyBank ; and Karen Boyer, Fraud Intelligence Director, Financial Crimes at People’s United Bank.

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Fraud Mobile social media Security 195

Abrigo

SEPTEMBER 18, 2020

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Adjust your scenario thresholds and ensure your front line staff is aware of these fraud red flags to help detect and deter COVID-19-related fraud.

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PYMNTS

JANUARY 28, 2019

Once the account fills up with V-bucks, it is then sold through a legitimate vendor like eBay, or on the dark web, for lower rates than the $10 for 1,000 gamers will get in the game or through an authorized online store. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

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NCR

FEBRUARY 26, 2016

The study found just over half (54 percent) of consumers use the same password for all or some of their online accounts. Just one in four use two-factor authentication to secure all of their social media accounts. Consumers need to take personal responsibility for security.

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social media Security Study Data 40

PYMNTS

JUNE 14, 2016

And as merchants and financial service providers weigh whether traditional methods of consumer authentication have the same power they once did now that commerce has moved online, Allen would give them one piece of advice: They do not. “Digital identity is one component of the ‘real you’ that’s biometric in essence. .”

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Data social media US Fraud 100

Fintech Labs Insights

APRIL 13, 2016

Loke Uei Tan, Senior Manager for Developer Relations, presented on “The Wacky World of Sales Tax” and how Avalara’s APIs help make sales tax calculation functionality an easy add-on for developers. “E-commerce companies shouldn’t have to worry about fraud,” Spear said.

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Fintech Labs Insights

AUGUST 27, 2015

Socure takes an innovative approach to identity verification, using online and social media data to enable financial institutions to confirm consumers’ identity. Features: Innovative Social biometrics platform. Blends facial recognition with social media & online data.

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social media New York Conference Innovation 12

Lex Sokolin

MARCH 31, 2021

The second company, Feedzai, does fraud checks at the account opening and payment transaction layer, as well as helps with AML using machine learning. The company doesn’t position itself around solving “fraud” or other scary words used in the traditional regtech industry. whether they are countries, companies, or online communities.

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Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Takeaway 3 Romance scams can happen to anyone, but staying informed and following these precautions can create a safer online dating experience. Report any scam or attempted fraud to the FBI and your financial institution.

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Gonzobanker

NOVEMBER 17, 2016

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. Facebook posts, text messages, tweets, etc.,

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Gonzobanker

DECEMBER 14, 2023

You are all aware we have detailed, sophisticated rules and methodologies we use to present these coveted awards – or, well, maybe we don’t. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s. So, grab your favorite holiday snack and beverage and enjoy. Paul Murphy, founder of Murphy & Co. But wait, there is more.

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