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The Problem With How Most Banks Use IP Address Checks To Fight Fraud

PYMNTS

The growing cost of online fraud – and finding ways to detect it – has long been a costly concern of financial institutions (FIs). If you beat the geolocation fraud, you beat all the fraud,” Briggs said. One minute I was in Italy, the next minute I was in Seattle – and I’m coming in from a data center, right?

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Cap One Employees Warned Of Security Issues Pre-Hack

PYMNTS

Capital One employees raised red flags over security risks before the company suffered a massive data breach. Seattle-based Thompson was charged with one count of computer fraud and abuse following her arrest on July 30.

Security 168
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Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

’Tis the season for corporate fraud? Unfortunately, this time of year fails to bring relief for businesses that fall victim to corporate and B2B payments fraud, too. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud. In the U.S., In the U.S., More on that below.).

Fraud 149
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Seattle Utility Customers Privy To Confidential Data

PYMNTS

But that’s what happened to customers of Seattle City Light and Seattle Public Utilities on Sunday (Sept. The City of Seattle was busy trying to fix a glitch that sent links to over 3,000 people in error. The mailings marked the launch of Seattle City Light and Seattle Public Utilities’ new billing system.

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July Data Breach Prompts Transfer Of Capital One Security Chief

PYMNTS

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov. Capital One employees raised red flags over security risks before the company suffered a massive data breach.

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Retailers Increasingly Turn To AI For Security And Efficiency

PYMNTS

Take the issue of retail security as one example. As the new PYMNTS Merchant Fraud Decisioning Playbook shows, fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. Retail Trust and AI.

Retail 149
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Ally Financial uses RPA, AI to combat synthetic identity fraud

BankInovation

SEATTLE — Ally Financial is using robotic process automation (RPA) and artificial intelligence (AI) to identify the fraudulent paystubs commonly used in conjunction with synthetic identities.

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