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Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

Analytics 141
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Bluetooth Security Flaw Makes Data Vulnerable To Attack

PYMNTS

A new Bluetooth security flaw was discovered that could leave users’ data unprotected and open to hackers, The Verge reported on Friday (Aug. The weakness was discovered by researchers who presented their findings at the USENIX Security Symposium. But the technology also makes it easier to counteract attacks.

Security 121
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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

San Diego 130
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Mitek Unveils Update For Mobile Banking Deposits

PYMNTS

The technology update “will help customers get access to funds securely and quickly,” the San Diego, California-based firm said, adding that the new release will give financial institutions (FIs) “even more control over” the mobile deposit feature. a mobile banking app.

Mobile 130
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Reflections 2022: The Power of Patents and the People Behind Them

FICO

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. This technology is incorporated into FICO® Falcon® Fraud Manager.

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Our Scams Model Just Won an Award for Machine Learning

FICO

Credit & Collections Technology Awards recognize our scams model with the award for Machine Learning - here's why. I’ve previously discussed our company’s work on an Artificial Intelligence-based scams model for FICO® Falcon® Fraud Manager and the technology behind it. Explore all our fraud prevention and detection offerings.

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New App Pinpoints Card Skimmers On Gas Pumps, ATMs

PYMNTS

Now there is an app that can wirelessly reveal the thievery technology, as reported on Wednesday (Aug. Card skimmers today are largely invisible to the eye, but many contain wireless Bluetooth technology, making it easy for thieves to wirelessly download the stolen data. student Nishant Bhaskar. states, the report noted.

ATM 116