PYMNTS

APRIL 10, 2019

A study by Symantec, a cybersecurity company, showed that two out of every three hotel sites have leaked personal data, which could include credit card and passport information, according to a report by Reuters. Symantec studied upwards of 1,500 hotel sites in 54 countries, from two-star to five-star establishments.

Study 161

Study social media Data Analysis 161

PYMNTS

JANUARY 25, 2019

In 2016, customers took to social media to complain about a similar thing. As soon as any customer makes us aware of fraudulent activity we immediately suspend their account to prevent further fraud. Deliveroo takes this issue extremely seriously and is constantly working to combat fraud on behalf of our users.”.

Data 178

Data Security social media Fraud 178

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . A silver lining exists, however. It also outlines some of the frictions entities face when doing so. .

Security 174

Security social media Fraud Retail 174

PYMNTS

JULY 1, 2019

A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs. Mobile order-ahead fraud is so widespread and difficult to stop because it is conducted remotely.

Fraud 167

Fraud Mobile Cards social media 167

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. More than 4.5

Security 129

Security blockchain San Francisco United States 129

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

Millennials 101

Millennials Fraud social media Online 101

PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S., there were 16.7

Fraud 189

Fraud Online social media Software 189

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. cardholders more than $14 billion annually, or $213 each, according to one study.

Security 130

Security Fraud blockchain Cards 130

PYMNTS

JANUARY 27, 2017

The study also found that Americans are becoming increasingly less sure that their personal data is secure — and generally lack confidence that the various institutions tasked with protecting their digital safety are actually up to the job of keeping their data safe from misuse.

Security 100

Security social media Study Data 100

PYMNTS

JUNE 17, 2020

Both of these channels are thus perfect targets for fraud, with cybercriminals posing as restaurants on social media and attempting to scam customers of their personal data, and fake reviews driving customers away from restaurants.”. Securing Social for the MOA Future. A Fraudster’s Feast.

Tools 141

Tools social media Fraud Mobile 141

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.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

APRIL 1, 2019

The following case study explores how the company earns vehicle owners’ trust by authenticating those who want to access their automobiles. Its review process relies on 16 points of reference – including social media scans – to confirm the renters’ identities, and Marshall said these measures are critical to winning trust.

Case Study 108

Case Study Study social media Policies 108

PYMNTS

OCTOBER 18, 2018

A new study has found that most consumers don’t understand just how vulnerable their Personally Identifiable Information (PII) is on the Internet. First Data’s 2018 Consumer Cybersecurity Study is based on data from 1,767 U.S.

Data 160

Data social media Study Security 160

PYMNTS

JUNE 11, 2019

In fact, a recent study found that cell phone numbers were the fifth-most-important part of respondents’ identities, following Social Security numbers, driver’s licenses, dates of birth and home addresses. Deep Dive: Balancing Security and Convenience in Digital Identities. Find the feature story in the Tracker.

Online 145

Online blockchain social media Security 145

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. The Cloud and its Role in Banking Transformations.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

AUGUST 23, 2019

These marketplaces also need to make sure that payments, however quick, remain safe and secure as fraudsters continue to hammer at the gates. The Playbook also examines the increasing threat of fraud as more marketplaces deal with data breaches and their aftermath. An AI-Powered Visual Shopping Experience For Millennials, Gen Z.

Millennials 165

Millennials Trends Meeting social media 165

NCR

JANUARY 4, 2018

There are many actions financial institutions can take to strengthen their defenses against fraud , such as equipping themselves with the latest machine learning and analytics solutions to identify threats before they have a major impact. However, it’s often said that the weakest link in the banking security chain is the customer.

Fraud 72

Fraud social media ATM Groups 72

Qudos Bank

FEBRUARY 15, 2024

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Latest Stats According to Scamwatch 1 , from January 2023 to November 2023: Australians reported 280,240 scam events for a total of $455.5

social media 52

social media Case Study Online Video 52

PYMNTS

JANUARY 30, 2020

Another hair in the soup is Generation Z’s increasing preference toward social media marketplaces that eschew established eCommerce platforms entirely, forcing these businesses to change tactics. How AI Can Help With Consumer Onboarding Security. About the Playbook.

Miami 132

Miami social media Case Study Chicago 132

PYMNTS

AUGUST 22, 2016

Facial recognition is supposed to make computing and banking much more secure, but just like most efforts to fight the bad guys, hackers can apparently infiltrate that, too. The report noted the virtual reality-style face, which is rendered in 3D, gives the motion and depth cues of a real face that security systems are typically looking for.

North Carolina 100

North Carolina social media Security System 100

PYMNTS

SEPTEMBER 30, 2020

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

DECEMBER 31, 2019

In data coming into the end of the year, Risk Based Security said hackers had accessed 7.9 According to reports and as noted in this space, the data reportedly may have been accessed through manipulation of the social media giant’s API. Data compromised included email addresses, Social Security numbers and bank information.

Data 145

Data social media Security Report 145

NCR

MAY 19, 2017

A new report has emphasized the need for banks to redouble their efforts when it comes to fighting fraud, after it found the number of account takeovers in the UK saw a major rise over the last 12 months. The post Survey shows account takeover fraud on the rise appeared first on Banking.com.

Survey 45

Survey Fraud social media Study 45

Qudos Bank

FEBRUARY 4, 2024

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Latest Stats According to Scamwatch 1 , from January 2023 to November 2023: Australians reported 280,240 scam events for a total of $455.5

social media 40

social media Case Study Online Video 40

PYMNTS

DECEMBER 3, 2019

The drive toward frictionless but secure consumer experiences in other parts of the economy is also leading consumers to expect more from their financial institutions. percent of consumers want authentication controls for added security, and 39.9 A recent PYMNTS study of 1,037 mobile-using consumers in the U.S. It found that 70.2

Mobile 137

Mobile social media Millennials Exercises 137

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. with “Security.”. Again, you can download your copy of the study here.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

MARCH 20, 2020

As the coronavirus got up close and personal during the week of March 2, PYMNTS put a study into the field on March 6 to a census-based panel of approximately 2,128 consumers in the United States. It takes effort to balance seamless-but-fraud-free user experiences. Most reports put the country in its first steps of recovery. .

Technology 181

Technology Apple New York City social media 181

PYMNTS

JULY 19, 2019

And, despite reporting on July 12 that the Federal Trade Commission (FTC) had reached an agreement to fine Facebook $5 billion, shares in the social media company were up $3.84 Payroll Fraud Could Cost KeyCorp $90M. and closed at $204.87. Mastercard: The ePayables Opportunity. Why Visa Acquired PayWorks.

Cleveland 128

Cleveland social media Fraud Google 128

PYMNTS

SEPTEMBER 28, 2020

Yet many Middle Eastern countries are operating under data privacy or protection rules that have not been upgraded in decades, something that could leave their banks, businesses and consumers open to increasing fraud.

Online 151

Online Report Payments Regulation 151

PYMNTS

AUGUST 9, 2018

Financial institutions were the most common phishing targets during that period, accounting for 40 percent of attacks, followed by digital transaction providers (20 percent), large tech companies (10 percent), major health insurance providers (10 percent), cloud storage providers (10 percent) and social media platforms (10 percent).

Survey 111

Survey social media Online Data 111

PYMNTS

NOVEMBER 3, 2017

Securities and Exchange Commission (SEC) has weighed in on celebrity endorsements of ICOs. Celebrities who endorse an investment often do not have sufficient expertise to ensure that the investment is appropriate and in compliance with federal securities laws,” the SEC said. “If News came this week that the U.S.

social media 100

social media Google Apple Security 100

PYMNTS

JULY 14, 2017

Two-thirds of German hospitals have suffered cyberattacks, hospital directors and chief executives admitted in a recent Roland Berger study. Homeland Security. In this study, we wanted to quantify that “sentiment” and assess the impact on investors through Wall Street’s reaction to a data breach.”. Ready: U.S.

Operations 118

Operations Study social media Security 118

Cisco

MAY 29, 2019

Study after study confirms the importance of providing personalized, integrated experiences for satisfaction and retention of financial services customers. Features such as end-to-end online account opening and simple, secure ID verification tell customers “we see you, and we value your time.”

Customer Experience 72

Customer Experience Retail San Diego Study 72

NCR

FEBRUARY 26, 2016

A recent study warned that retailers with bad security would lose 64 percent of potential customers if they suffered a data breach that exposed financial information such as card details. The study found just over half (54 percent) of consumers use the same password for all or some of their online accounts.

social media 40

social media Security Study Data 40

Cisco

MAY 29, 2019

Study after study confirms the importance of providing personalized, integrated experiences for satisfaction and retention of financial services customers. Features such as end-to-end online account opening and simple, secure ID verification tell customers “we see you, and we value your time.”

Customer Experience 48

Customer Experience Retail San Diego Study 48

William Mills

FEBRUARY 7, 2017

According to the Safe Systems’ 2017 Community Bank Information Technology Outlook Study, more than 80% of survey respondents have been affected by debit card fraud and email phishing attempts in the last 18 months, and due to these threats, more than 77% increased their IT security spending in the last 18 months.

Report 40

Report social media Customer Experience Industry 40

Cisco

APRIL 2, 2018

The study surveyed 1,503 providers and conducted in-depth interviews with senior executives from 42 financial institutions, consultancies and technology firms to determine levels of digital maturity. In other words, is there a real business case for going digital?

social media 48

social media Tools Industry Retail 48