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.

Fraud 111

Fraud Security Payments Cyber Security 111

Accenture: Banking

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.

Cyber Security 150

Cyber Security Risk Management Leadership Fraud 150

Jack Henry

JANUARY 29, 2020

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Cyber Security Security Fraud 134

PYMNTS

JUNE 12, 2017

Digital security may just be a pipe dream that society will always be chasing. With each new digitally infused product or service that opens up to the public, new doors to new weakness and cyber crime open up as well. Here are the numbers: 31 percent | Percentage plunge in SWIFT stock following $81 million Bangladesh cyber heist. $31

Security 110

Security Cyber Security Data Apple 110

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. The antidote?

Fraud 133

Fraud Payments Security Cyber Security 133

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.

Fraud 100

Fraud Cyber Security User Experience Security 100

Chris Skinner

MARCH 15, 2017

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

Cyber Security 157

Cyber Security Charlotte Bitcoin Fraud 157

Jack Henry

JULY 28, 2022

Over the past seve ral years, I’ve had the pleasure of working with many financial institutions (FIs) reviewing and testing both their Incident Response Plan (IRP) for Cyber Security and Business Continuity/Disaster Recovery Plans (BC/DRP).

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Cyber Security Security Fraud 78

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.

Nevada 201

Nevada Cyber Security Study Security 201

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.

Cyber Security 98

Cyber Security Security New York Fraud 98

PYMNTS

JANUARY 10, 2021

The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack.

Cyber Security 202

Cyber Security Security System Operations 202

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

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.

Fraud 100

Fraud Cyber Security Big Data Training 100

NCR

NOVEMBER 8, 2016

An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. Cyber Incident Response Plan.

Cyber Security 63

Cyber Security Security Risk Management Training 63

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.

Fraud 177

Fraud Cyber Security Data Software 177

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.

Cyber Security 128

Cyber Security National Security Software 128

PYMNTS

JUNE 15, 2017

Security isn’t just about catching the bad guys as they run away with store merchandise. And as part of a network, they can be a key piece in the preventative puzzle, triggering other elements of the security suite to activate. And surveillance isn’t just about identifying bad guys after the fact.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

SEPTEMBER 13, 2018

Fraud rates are expected to skyrocket, too, with researchers projecting a nearly 200 percent increase within the next five years. We’re already using AI to analyze underlying patterns in complex market environments, and we’re enhancing client security through biometrics and fraud detection algorithms,” he said. Smarter Security.

Security 110

Security Fraud Cyber Security Data 110

Insights on Business

MAY 18, 2018

The expansion of channels expands the threat of money laundering, fraud, and hacks — as well as regulatory requirements for necessary protections. Artificial Intelligence is now being used by cyber criminals , meaning the sophistication of their methods is increasing, forcing banks to up their game. Efficiency.

Operations 93

Operations Security Cyber Security Customer Experience 93

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].

Fraud 100

Fraud Online United States Cyber Security 100

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.

Fraud 97

Fraud Security Tools Cyber Security 97

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.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

AUGUST 1, 2016

No incessant authentication requests … all without sacrificing their security. Enter intelligent Payment Security. These intelligent solutions not only let you build a secure e-commerce strategy centered on customer value, but also a broader digital business transformation plan focused on competitive advantage. No interruptions.

CA 100

CA Security Payments Cyber Security 100

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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Trends Fraud Industry Cyber Security 146

Abrigo

MAY 4, 2020

While many are minor application enhancements, some are bug fixes or critical cyber security enhancements that should be updated immediately. When your AML software is hosted with a secure vendor, they will handle all upgrades and service packs with seamless updates to your AML systems. Let your vendor do the work for you.

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Software Cyber Security Security Community 195

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.

Cyber Security 88

Cyber Security Fraud National US 88

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.

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Idaho Missouri Cyber Security Fraud 153

FICO

JULY 31, 2019

Another reason to consider your firm’s risk relative to the ABC National Risk Score is that brokers, carriers, and reinsurers also increasingly leverage standardized cyber breach risk quantification metrics as an additional tool for underwriting and pricing cyber breach insurance. And follow me on Twitter @dougoclare. by Doug Clare.

Cyber Security 70

Cyber Security Management Security Risk Management 70

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.

Company 101

Company Cyber Security Fraud Big Data 101

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.

Fraud 114

Fraud Data Cyber Security Online 114

PYMNTS

JULY 29, 2019

Business E-mail Compromise (BEC) fraud has been gaining ground and growing in terms of number of incidences, according to a recent report. Those verticals attract fraudsters due to their lengthy and global supply chains, which offers some fertile ground for impersonation and fraud. In Australia, BEC Hits Hard.

Fraud 138

Fraud Cyber Security Cards Report 138

Jack Henry

SEPTEMBER 11, 2014

The same principles apply to information security awareness for a financial institution’s (FI’s) stakeholders (employees, board members, and customers). That is, given the same preventative measures, an FI may reduce the number and extent of information security breaches due to fraud. Annual Physicals.

Security 76

Security Exercises Cyber Security social media 76

PYMNTS

JUNE 21, 2017

What’s more, half of the companies surveyed experienced between one and five IT security incidents in the past 12 months. “As Preparedness among all departments in the organization — such as executive leaders, engineers, IT security teams and more — is key to protecting against cyberattacks.

Survey 124

Survey Cyber Security Security Training 124

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.

Fraud 100

Fraud Analytics Operations Tools 100

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

JULY 28, 2019

This is exactly why we established the Cyber Security Commission, focused on preparing for, responding to and preventing cybersecurity attacks, and we are well-positioned to assist local governments as they battle this current threat.”.

Louisiana 162

Louisiana Cyber Security Ohio Atlanta 162

PYMNTS

JUNE 8, 2018

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. s TSB , for example, the bank saw attempted fraud rise up to 70 times, Reuters reported.

social media 101

social media Cyber Security Fraud System 101