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Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Likewise, Alphabet reported a strong Q3, thanks in large part to renewed consumer spend.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

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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. As of January, over 75 percent of Americans have utilized mobile banking to transfer money and cash checks.

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TeleSign Offers New iOS Capabilities For App Verify, Protects From Fraud

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TeleSign , the world’s first end-to-end communications platform as a service, announced new iOS capabilities for its mobile app verification service, App Verify. TeleSign’s Fraud Report found that 64 percent of companies prioritize smooth and simple user registration and account verification over cyber security needs.

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SMBs Severely Underestimate Data Breach Costs

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It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Using public wi-fi with caution and safeguarding mobile apps. Stronger passwords. Paying closer attention to suspicious emails. ” The U.S. .

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Data: Mobile's loose grip on holiday spending

Payments Source

But even when going into a brick-and-mortar store, these consumers don't leave their digital habits behind; many still prefer to pay by mobile or wearable when the option presents itself. Across all age groups, many consumers still prefer shopping in stores for various reasons.

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Indian Gov’t Drafts Plan For National Blockchain Applications

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“Ministry of Electronics and Information Technology (MeitY) has identified Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking & Finance, Cyber Security and so on,” wrote Sanjay Dhotre.

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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

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The chosen tech company must have at least two years of experience and a “proven track record of developing and launching mobile applications.”. It is also expected that it would help increase financial inclusion in Sri Lanka.”. Sri Lanka joins a list of countries that is looking to embrace blockchain.