PYMNTS

NOVEMBER 21, 2019

KPMG is rolling out a new payments security solution targeting B2B payments fraud, the company said Thursday (Nov. A press release said KPMG is collaborating with cybersecurity provider nsKnox to roll out its KPMG Secure Payments tool, distributed and serviced by KPMG Israel.

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Fraud Security Payments Cyber Security 111

Accenture

OCTOBER 30, 2020

When the global pandemic ends, banks should anticipate that the rate of fraud will likely have grown faster than at any other point in history. The post To reduce cyber fraud, banks must shatter their security silos appeared first on Accenture Banking Blog.

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PYMNTS

JUNE 16, 2017

According to a press release , App Verify for iOS allows mobile app developers to streamline the onboarding account verification process to assist with increasing conversions and providing cyber security and identity assurance from fraud.

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PYMNTS

OCTOBER 29, 2019

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

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American Banker

OCTOBER 31, 2024

This month's roundup features news about the rising concerns of Zelle fraud, JPMorgan Chase's AI arms race with Capital One and more.

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PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. Holistic Defense.

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PYMNTS

JUNE 16, 2020

The IRS could administer the credit, he noted, and the companies that receive this credit should also be encouraged to follow the NIST Cyber Security Framework.

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Matt Wilcox Pro

SEPTEMBER 28, 2020

With National Cyber Security Month upon us in three days, now seems like a good time to revisit the topic of cyber fraud. But rather than focus on the technically proficient cyber-criminal, today I shall focus on people who unwittingly obtain undeserved credits and refunds, aka friendly fraud.

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NCR

NOVEMBER 8, 2016

While the ISO reports to the board on all cybersecurity, the degree to which this person is engaged across all banking functions can make a significant difference preventing digital fraud. In many cases, the opportunity to stop fraud begins with the customer. Customer Responsibility.

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BankInovation

AUGUST 18, 2021

Cyber Security Services Banking practice at consultancy KPMG New York, will join a live webinar presented by Bank Automation News on “Automation technology for exceptional bank cybersecurity and ID verification” Sept. Cyber fraud and the frequency of losses are increasing,” Miller […]. 9, at 11:30 a.m.

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Cyber Security Security New York Fraud 98

Accenture

JUNE 14, 2016

In my first post on integrated cyber risk management, we looked at financial firms bringing together leadership and capabilities across fraud, IT, cyber security and operational risk, both to improve enterprise risk management and to build cyber resilience. Read more.

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PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent. contact-form-7].

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SWBC's LenderHub

JULY 2, 2020

In this blog post, we'll be revisiting four fraud trends that are impacting consumers and financial institutions. As the industry and consumers are adjusting to a new normal after the global spread of COVID-19, fraudsters are changing their schemes to prey on the heightened anxieties that people are experiencing during these uncertain times.

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PYMNTS

SEPTEMBER 30, 2016

Fraudsters have been causing problems for retailers over the past four quarters, leading to a 137 percent jump in fraud attacks and affecting $7 out of every $100 made in retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. The collaborative study with Forter measures the rate of fraud attempts made on U.S.

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PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. Another business, homewares company Sage and Clare, was out $7,360 after falling for such fraud.

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Fraud Cyber Security Data Software 177

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

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Fraud Retail San Diego Cyber Security 63

The Paypers

JUNE 7, 2017

(The Paypers) Bottomline Technologies report results have revealed that fraud and the need for greater cyber-security measures remain high on the agenda for financial decision makers.

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Cyber Security Security Industry Fraud 28

SWBC's LenderHub

APRIL 30, 2020

While not a new scheme, online account origination fraud has grown in part because of the prevalence and ease of use of online banking services, and in part because of the number and scope of data breaches allowing bad actors access to a large amount of consumer data.

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Fraud Online Data Cyber Security 88

The Paypers

NOVEMBER 26, 2020

Identity Verification-as-a-Service solutions provider IDnow has published the latest figures on changes in fraud methods within the digital environment in its Cyber Security Report 2020.

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Cyber Security Fraud Report Security 31

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

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Survey Fraud Cyber Security Compliance 52

PYMNTS

OCTOBER 29, 2019

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

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Company Cyber Security Fraud Big Data 101

PYMNTS

JUNE 12, 2017

With total fraud losses outside of consumer losses expected to reach $31 billion by 2020, it’s no wonder payments provider TSYS partnered up with adaptive analytics and real-time learning platform provider Fearturespace for a new venture into the fraud prevention and cybersecurity space.

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Payments Source

DECEMBER 5, 2018

The first wave of data from this year's holiday shopping season is in, providing insights into where the biggest fraud threats are likely to originate in the final weeks of the year.

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Fraud Data Cyber Security Online 114

FICO

JULY 31, 2019

The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it.

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Cyber Security Management Security Risk Management 70

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 48

Fraud Retail San Diego Cyber Security 48

American Banker

JANUARY 4, 2024

Banks have a simple choice: Either invest in fraud controls to prepare for FedNow, or expect draconian supervisory measures that will increase friction and confuse customers.

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Fraud Cyber Security Digital Banking Security 53

PYMNTS

APRIL 8, 2020

The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. As the coronavirus pandemic continues to roil the U.S. and the U.K., a wave of new cyberattacks appears to be taking advantage of the situation in both countries, according to a Reuters report.

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Cyber Security US Fraud Security 173

Chris Skinner

MARCH 15, 2017

The post Things worth reading: 15th March 2017 appeared first on Chris Skinner's blog.

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FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

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Fraud Data Risk Management Cyber Security 70

PYMNTS

JUNE 12, 2017

From data being stolen to new products for securing the digital arena and Germany’s Angela Merkel calling for digital security regulation, there’s a lot going on that opens up the floor to true digital security and whether or not it’s ever possible.

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Payments Source

JUNE 18, 2020

The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.

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Fraud Training How To Cyber Security 82

PYMNTS

JUNE 29, 2020

Using the slogan, “In Fraud We Trust,” the group directed traffic and potential purchasers to sites of its members, which served as online conduits to traffic in stolen identification, financial and banking information, malware and other illicit goods, according to the complaint. In April, a joint study by the U.S. and the United Kingdom.

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Nevada Cyber Security Study Security 201

PYMNTS

JUNE 26, 2017

With this cyber attack coming just one month after a ransomware infiltration into the country’s health service, the House of Commons is working with the National Cyber Security Centre to put together a new cyber security system.

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American Banker

NOVEMBER 20, 2023

In our ongoing battle against financial fraud, we need a holistic overhaul of the regulatory landscape to safeguard the financial industry and its stakeholders effectively.

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Fraud Regulation Industry Cyber Security 41

Payments Source

AUGUST 22, 2018

Account takeover (ATO) fraud currently drives the largest fraud losses at North American financial institutions within digital channels, according to a new report from Aite Group and Early Warning, the bank organization that operates the Zelle payment network brand.

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Fraud Data Mobile Payments 92

Payments Source

NOVEMBER 4, 2018

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

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Fraud Security Tools Cyber Security 97

Jack Henry

JANUARY 29, 2020

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