Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. DOWNLOAD WHITEPAPER. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud.

social media 195

social media Fraud cryptocurrency Trends 195

Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

PYMNTS

JUNE 11, 2019

owning laptops and 91 percent owning mobile devices, there’s never been greater opportunity for digital fraud. Total losses due to fraud were a staggering $4.2 One of the most insidious forms of fraud is account takeovers (ATOs). Developments from around the Digital Fraud World. With 83 percent of consumers in the U.S.

social media 151

social media Fraud Analytics Study 151

PYMNTS

JUNE 27, 2017

The increased focus is a good thing — AML laws and Know Your Customer (KYC) requirements can help reduce crime, prevent terrorism and mitigate the risk of fraud. The fast-growing rates of fraud is another topic that sometimes keeps me up. However, these requirements can also make operations more challenging for businesses.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

NOVEMBER 25, 2019

After using their accounts to log into specific Android apps downloaded from the Google Play store, Twitter and Facebook noted that the personal information of hundreds of users might have been accessed improperly. We encourage people to be cautious when choosing which third-party apps are granted access to their social media accounts.”.

Google 226

Google social media Security Apple 226

Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Report any scam or attempted fraud to the FBI and your financial institution. According to the FBI , victims of this type of investment fraud reported losses of $3.3 with reported losses of a staggering $1.3 billion in 2021.

Fraud 221

Fraud social media Training Trends 221

PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

Fraud 112

Fraud Cards social media System 112

Abrigo

OCTOBER 19, 2023

DOWNLOAD Takeaway 1 Cybersecurity Awareness Month, in its 20th year, highlights the shared responsibility of everyone to safeguard their digital data and assets. You might also like this whitepaper: "Protecting banking customers starts with you."

Online 221

Online Security Resources Training 221

PYMNTS

SEPTEMBER 2, 2019

A Chinese app that lets users convincingly swap their faces with film or TV characters has rapidly become one of the country’s most downloaded apps, triggering privacy concerns, Reuters reported Monday (Sept. AI and machine learning do play vital roles in stopping fraud and other attacks on social media and elsewhere.

Policies 139

Policies social media Fraud Video 139

PYMNTS

APRIL 27, 2016

Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? Suppose you could build a model that would help financial institutions of any kind fill in those gaps with online and social data that could make thin files thick without increasing their risk?

Online 100

Online Data social media Fraud 100

PYMNTS

JUNE 11, 2019

When it comes to authentication, customers largely prioritize convenience over safety, exposing them to fraud, and putting pressure on merchants and financial institutions (FIs) to offer convenient user experiences without compromising security. For more on these and other digital identity developments, download this month’s Tracker.

Online 145

Online blockchain Security social media 145

PYMNTS

SEPTEMBER 12, 2018

In the inaugural issue of the Omni Security And Authentication Report , PYMNTS explores how banks are using technologies like artificial intelligence (AI) and neural networks to identify and build customer profiles and safeguard themselves and their customers against the rising threat of fraud. Around The Security And Authentication Space.

Security 139

Security Report Fraud CA 139

PYMNTS

NOVEMBER 25, 2019

After using their accounts to log into specific Android apps downloaded from the Google Play store, Twitter and Facebook noted that the personal information of hundreds of users might have been accessed improperly. We encourage people to be cautious when choosing which third-party apps are granted access to their social media accounts.”.

Google 130

Google social media Security Apple 130

PYMNTS

AUGUST 8, 2018

The strategy focuses on social media support fraud, and saw a 38 percent increase quarter-over-quarter. The year’s second quarter also saw an increase in social media link spam after a previous decline of this type of attack in Q1. Another phishing strategy, known as angler phishing, also showed its teeth in Q2.

social media 111

social media cryptocurrency Strategy Report 111

BankBazaar

MAY 18, 2020

This has been accompanied by an increase in cyber frauds as well. This has been marked by an increase in digital frauds as well. Among all digital channels, the one that has seen the most rise in frauds is the Unified Payment Interface (UPI). This has been marked by an increase in digital frauds as well. Phishing scams.

Fraud 78

Fraud Google social media Apple 78

PYMNTS

JULY 10, 2019

Despite the pervasiveness of digital identity in everyday life, concerns surrounding digital ID security continue to make headlines, with billions of dollars lost to fraud. For more on these and other digital identity developments, download this month’s Tracker. Facebook’s Libra Raises Concerns Among Privacy And Security Advocates.

Apple 158

Apple social media Knowledge Base Mobile 158

PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? However, P2P payment platform Venmo is offering a way to make exchanging money more fun by integrating the experience with social media.

social media 105

social media Report Payments Tools 105

PYMNTS

JULY 11, 2016

Participants could use Visa’s APIs to create a payment solution, leverage social media channels to engage people at Visa-sponsored events or persuade Visa cardholders to go cardless. This shows that users aren’t interested in downloading apps for services they may only use infrequently. In the U.S. Humanizing The Brands.

social media 100

social media Branding Retail Meeting 100

PYMNTS

APRIL 7, 2017

The survey results found that 45 percent of respondents do not examine the details of an app and 60 percent never or only occasionally look at privacy policies and permissions prior to downloading. With a fast and carefree approach to downloading apps, U.K. Despite the increasing threat of cyberattacks — RiskIQ noted there were 3.8

Mobile 100

Mobile social media Survey Security 100

PYMNTS

SEPTEMBER 17, 2018

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. Park is being charged by the U.S.

New York 188

New York Fraud System social media 188

PYMNTS

SEPTEMBER 11, 2018

Rather, those are questions central to the development of digital identities and social authentication, making them important for the broader practice of online payments and eCommerce. Shifting Focus. He added, “We’re investing so much in security that it will significantly impact our profitability.”.

social media 146

social media Online Data United States 146

PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

Fraud 52

Fraud social media Cards Security 52

PYMNTS

MARCH 6, 2020

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Weaknesses in the technology’s handling have already resulted in major abuses, too.

Security 130

Security Survey System Strategy 130

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

FEBRUARY 6, 2020

For more on these and other subscription news items, download this month’s Tracker. Both the subscription and the sharing economy markets have been growing sharply over the past few years, thanks to the explosive growth in mobile technology and social media. Patreon’s Quick Response To Subscription Stumble Gains Customer Trust.

New York 130

New York Oregon social media Trends 130

Cisco

OCTOBER 15, 2019

Read more here: Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services. Download the 2019 National Cybersecurity Awareness Month ToolKit from NICCS for messaging, articles, and social media tools for your business. Learn Cisco’s Top 10 Tips to Improve your Cyber Hygiene.

Tools 59

Tools social media National Fraud 59

FICO

JUNE 9, 2016

Millennials reward positive fraud outcomes. FICO’s latest research on consumer banking trends has revealed that 22% of US consumers will close an account after a fraud incident, while 29% of Millennials will close all accounts with that bank. 25% of Millennials will write a negative post on social media about a fraud incident.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

DECEMBER 14, 2017

per download and provided a different service from the legitimate, free version. The real MyEtherWallet is looking into the possibility that the fraudulent app had been used to steal from downloaders, but has not yet found any evidence that this was the case. The fake app was charging $4.99

Apple 128

Apple Google Seattle San Francisco 128

South State Correspondent

AUGUST 1, 2022

Your strength is your data, and your success comes from defending your data and applying your data at various angles – to credit, fraud, marketing, and understanding both your employees and customers. When it comes to future success in data management in banking, the same rules apply. The problem is threefold. What Are Data Lake Houses?

Data 195

Data Tools Management Examples 195

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

NCR

MARCH 23, 2018

These will allow a much wider range of organizations to enter the payments market, including fintechs, challenger banks, retailers, social media providers and more. A better way to detect fraud. Fraud detection and prevention strategies are also able to benefit from the improved insight that open banking APIs can provide.

Comparison 75

Comparison Fraud social media Data 75

PYMNTS

APRIL 21, 2016

The firm’s gMobile solution, which helps authenticate users and delivers real-time risk analysis across mobile channels, debuted late last year, and McAlear said that the platform “enables delivery of a frictionless customer experience, requiring no additional customer input, scripting or burdensome software downloads.”

Mobile 100

Mobile social media Fraud Data 100

PYMNTS

JANUARY 16, 2020

Evolving technology and new data sets, such as social media information and electronic payments, could address some of the novel challenges of fighting domestic terror. Likewise, there were 54 white power bands utilizing Apple’s iTunes, making 70 cents for each downloaded song on the platform.

Bitcoin 131

Bitcoin South Carolina Groups cryptocurrency 131

PYMNTS

AUGUST 3, 2016

With online fraud’s rapid growth into a shady multibillion-dollar annual business, preventing it is becoming increasingly critical for all merchants and consumers. One area where fraud is being fought is within the gaping loopholes in identity authentication. The core issue. Identity and its many faces. It’s a funny thing.

blockchain 100

blockchain social media Fraud Security 100

PYMNTS

JUNE 3, 2016

To adapt, let alone thrive, businesses with store locations must embrace EMV, the latest in payments security and authentication, especially considering the retailers themselves have taken on more responsibility for fraud after 2015’s liability shift. The challenge for the last year has just been educating our customer base.

Retail 100

Retail Apple Fraud Online 100

PYMNTS

JUNE 28, 2017

It’s much harder to get it back or stop or fix a fraud attack after it’s happened.”. And perhaps unsurprisingly, they’re even more plugged into mobile devices and social media than older generations, including those no-longer-all-that-scruffy millennials. For now, the answer’s inherently elusive, because it’s mobile.

Millennials 108

Millennials Security Mobile social media 108

PYMNTS

JUNE 28, 2019

The regulator in Italy said that 57 users downloaded the quiz app, and 214,077 Italians’ info was processed without permission. s Data Protection Act (DPA) also hit Facebook with a fine regarding the scandal, to the tune of £500K. Facebook is appealing that decision, saying that no U.K. user data was given to Cambridge Analytica.

Data 108

Data Regulation Security Company 108