PYMNTS

MARCH 8, 2016

Another major step in the Home Depot 2014 breach case has been settled. million to provide ID protection services for the impacted cardholders, and also took steps to improve its security measures. million to provide ID protection services for the impacted cardholders, and also took steps to improve its security measures.

Data 100

Data Cards Security Retail 100

PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 According to the report, 3ve (pronounced “Eve”), which is what the group called its online ad fraud campaign, was active since 2014 but could have been around for longer.

Google 128

Google Fraud Online Operations 128

PYMNTS

FEBRUARY 2, 2017

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. To successfully fight fraudsters, the industry needs to close security gaps and continue to improve, and consumers must be proactive, too.”.

Fraud 100

Fraud Strategy Cards Security 100

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

Fraud 120

Fraud Retail Cards National 120

PYMNTS

MAY 16, 2016

The search for the Bangladesh cyberheist fraudsters has taken an interesting turn with new research indicating the involvement of the same hackers behind the 2014 hack on Sony Pictures. “The implementation of this function is very unique.

System 100

System Security Analysis Tools 100

PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud. It helps.”.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

OCTOBER 11, 2020

Ex- National Security Agency head Michael Rogers shared the assessment prior to appearing at an event FT is hosting. Rogers ran the NSA from 2014 to 2018 and now is a director at a consultancy called CyberCube that works with insurance companies.

Company 290

Company National Security System 290

PYMNTS

JANUARY 25, 2019

Corporate fraud – from within the company, and from without – continues to make headlines and headway, with the past week having seen some revisits on stories from even a few years back. Steve Barber, AA audit committee chair, said that in cases like those seen at the cake firm, such activity would be hard to find.

Fraud 129

Fraud Report Company Strategy 129

PYMNTS

AUGUST 3, 2017

Back in 2004, fraud was on the rise globally. Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few.

Fraud 123

Fraud Payments Security Data 123

PYMNTS

MAY 25, 2016

Radial , an omnichannel and fraud solutions provider, is promising to take away merchant woes with a suite of solutions, which it says improves order conversion rates and helps eliminate fraud. 2015, online fraud is forecast to explode from an estimated $3.1 With the introduction of EMV chip technology in Oct.

Fraud 109

Fraud Taxes Retail Tools 109

PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. This past week it was reported that, per an investigation by the Australian Institute of Criminology, such fraud amounted to $42 million over the past year. Grayson Jr., owner of Zealcon Corp.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

JULY 21, 2020

The service is intended to help businesses automate their customer onboarding processes, powering fraud prevention and compliance for numerous financial institutions, payment companies, banks and other such institutions. By using GlobalGateway, Trulioo will be able to help verify customers are who they say they are in Vietnam.

Guidelines 181

Guidelines Compliance Fraud Security 181

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. “We the ATM has been under siege, as cyberthieves have targeted the machines, up threefold since 2014. billion yen ($252 million).

ATM 100

ATM Fraud Mobile Regional 100

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

Fraud 148

Fraud Security Resources Survey 148

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. Companies appear to be overconfident in their ability to avoid fraud.

Fraud 118

Fraud Survey Payments System 118

PYMNTS

SEPTEMBER 28, 2016

Can a smartphone keep you and your money safe from fraud? According to the Brazilian financial services firm, launched in 2014, it boasts a fraud rate just one-tenth that of larger banks and financial institutions. “Obviously, we have had a lot of fraud attempts, because the digital market has a ton of fraud,” Velez said.

Security 100

Security Mobile Fraud United States 100

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 109

Security Data Fraud Regulation 109

PYMNTS

MARCH 31, 2016

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. Other highlights from the survey include: Only 1.1%

Fraud 100

Fraud Online Resources Survey 100

PYMNTS

AUGUST 24, 2020

One FI deploying ITMs on a wide scale is Tennessee-based Ascend Federal Credit Union , which first began this initiative in 2014. ATMs and ITMs face a range of security threats, however, from smash-and-grab schemes for stealing physical money to identity theft techniques that trick machines into accessing accounts. Keeping ITMs Secure.

ATM 154

ATM Fraud Security Video 154

PYMNTS

MARCH 30, 2016

TSYS’ ProPay has paired up with InfoTrax to help direct selling companies battle fraudsters by integrating ProPay’s Guardian CyberShield fraud detection and protection service into its DataTrax back-office software. It is also used to prevent account takeover, payment fraud, identity spoofing, malware and data breaches.

Fraud 100

Fraud Company Software Tools 100

PYMNTS

FEBRUARY 20, 2019

Google admitted that it didn’t tell users about a built-in microphone in its Nest Secure home security system, according to a report from Reuters. Nest Secure, a user-friendly home security system, costs around $400. In January, a hacker compromised a Nest security cam using passwords found from a third-party breach.

Google 115

Google System Security Video 115

PYMNTS

JUNE 14, 2016

Recognizing that problem for station owner/operators, in 2014, Visa introduced the Visa Transaction Advisor (VTA) to help these retailers fight back, especially given the anticipated lag in equipping fuel pumps with EMV readers. As a result of that pilot, there was a 23 percent reduction in fraud.

Fraud 100

Fraud Operations Cards Analytics 100

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent. In the U.K.,

Fraud 101

Fraud Payments Data Cards 101

PYMNTS

OCTOBER 3, 2016

The recent announcement by Yahoo that it was hacked and 500 million accounts were exposed in 2014 and the fact that Yahoo did not state when it became aware of the attack has highlighted inadequate disclosure rules for public companies. Securities and Exchange Commission to investigate the disclosure action taken by Yahoo’s executives.

Guidelines 185

Guidelines Security Data Company 185

PYMNTS

APRIL 5, 2017

Paygilant, the frictionless mobile payments fraud detection company, announced Tuesday (April 4) it was able to show how Citi was able to reduce operational costs associated with mobile wallet transactions. With mobile wallet transactions worldwide expected to exceed $1.5 This is extremely valuable to Citi,” he said.

Fraud 101

Fraud Operations Mobile Tools 101

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

JULY 11, 2016

Late last week, The Register reported that 105 suspects of credit card fraud were arrested in Asia and Europe after a cybercrime ring was busted by authorities. The investigation spanned two continents and targeted the fraud gang, which was led out of Malaysia and eventually reached 14 countries in Europe.

Fraud 100

Fraud Cards ATM Groups 100

PYMNTS

SEPTEMBER 8, 2019

The server held the resumes of job applicants spanning 2014 and 2017, and included private information such as phone numbers, home addresses, email addresses and prior work experience. The Monster Security Team was made aware of a possible exposure and notified the recruitment company of the issue,” the company said.

Online 184

Online United States Security Data 184

PYMNTS

MAY 13, 2020

The 28 additions add significantly to the 150 token requestor partners that had been included in Visa Token Service through the years since the service launched in 2014. Layering tokenization on top of and into the checkout experience brings another element of security for card on file transactions and guest checkout transactions.

Security 250

Security Cards Payments Data 250

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

Fraud 100

Fraud Analytics Data Payments 100

PYMNTS

DECEMBER 31, 2018

We have a major security effort at the company that hardens all of our surfaces.”. HBC today [April 2] announced that it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores in North America,” the company wrote in a statement.

Data 230

Data Security Tools Cards 230

PYMNTS

FEBRUARY 10, 2017

While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud. Identity Fraud On The Rise. What’s more, the amount the bad guys stole rose by close to $1 billion to $16 billion. to the same degree as other countries,” he noted. “A

Fraud 100

Fraud Cards ATM Trends 100

PYMNTS

NOVEMBER 16, 2016

Unless it’s fraud you are talking about. At the end of 2014, the average U.S. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of this year. Fraud attempts show that $7.30 The data is sobering.

Fraud 100

Fraud Retail Online Data 100

PYMNTS

OCTOBER 3, 2016

This is likely good news for the ever-expanding number of hacked firms in the U.S — as of the latest stats, from a quarter to a third of all American consumers have had their data compromised since 2014. Why do customers stay or go?

Branding 187

Branding Survey Fraud Data 187

PYMNTS

DECEMBER 17, 2018

As far as security is concerned, the roughly 61 percent of firms said that they had “basic controls” in place to contend with data breaches, with 50 percent of firms stating that they have plans in place to notify supervisors in the event of such breaches. Push Payments Fraud in the Crosshairs.

Report 167

Report Fraud Compliance Apple 167

PYMNTS

MARCH 7, 2019

While the executive acknowledged there was evidence of unauthorized access to the Starwood network dating back to July of 2014, he said the company’s investigation found no evidence that guest data was impacted until the middle of November. The company now uses two-factor authentication to keep customer data more secure.

Security 131

Security Data System Fraud 131