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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. The attack began in 2007 and crossed 17 different countries.

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DataVisor Launches Partner Program To Help Fraud-Proof Larger Businesses

PYMNTS

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
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TD’s answer to a pandemic-driven spike in wire fraud

Payments Source

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.

Fraud 82
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4 considerations for banking leaders concerned about cyber security

NCR

This involves the implementation of employee training on expectations around digital behaviors and organizational processes. For example, social engineering through phishing e-mails is one of the main causes of cyber breaches to an organization’s systems. In many cases, the opportunity to stop fraud begins with the customer.

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Cybersecurity Company DataVisor Targets Larger Businesses With ExtenD

PYMNTS

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
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TD’s answer to a pandemic-driven spike in wire fraud

American Banker

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.

Fraud 57
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Fraud And Risk: Surveillance Is Only Part Of Good Security

PYMNTS

Or, video footage can be combined with exception-based reporting at the point of sale, which can help identify cashier fraud. The reporting software looks for anomalies based on its algorithms. That same precision can be used for more than catching bad guys.

Fraud 101