PYMNTS

OCTOBER 18, 2018

In the latest Digital Banking Tracker , PYMNTS examines how customer migration to mobile and digital offerings is creating security related challenges for banks big and small — and how financial institutions (FIs) around the space are working to solve them. Elsewhere in the space, FIs are seemingly more focused on social media integrations.

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Fraud social media Data Trends 178

Bank Innovation

APRIL 17, 2017

Fraud campaigns targeting online financial services tend to be smaller, and subtler than fraud campaigns conducted for other online platforms.

social media 191

social media Big Data Fraud Analytics 191

PYMNTS

NOVEMBER 17, 2016

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.

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social media Security Company Survey 100

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022. billion in 2021.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

DECEMBER 2, 2024

Education, collaboration, and advanced fraud detection software can help prevent it. Education, collaboration, and advanced fraud detection software can help prevent it. The AML/CFT Officer or fraud officer plays a crucial role in any financial institution efforts to fight check fraud. They’ve evolved.

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Fraud Virginia Software Report 195

PYMNTS

JANUARY 21, 2021

Melissa Townsley-Solis, head of GIACT , discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Fraud was red-hot in 2020. Businesses across the U.S.

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PYMNTS

DECEMBER 17, 2020

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences. Before, they were limited to one or two areas. Today, they’re pretty much everywhere.”.

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Payments Source

DECEMBER 7, 2020

Crooks are hiding payment skimmers within plain sight on retailer websites, using social contact buttons in a way that's hard for security protection to spot.

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social media Fraud Retail Security 121

Abrigo

NOVEMBER 17, 2023

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.

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Fraud Training Trends Compliance 195

PYMNTS

NOVEMBER 7, 2016

Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to alert Tesco. 6) morning: “Yesterday, our fraud prevention systems identified suspicious activity on a number of accounts.

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Fraud Cards social media System 161

PYMNTS

AUGUST 19, 2019

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. We are seeing gangs involved in drug trafficking and firearms offenses turning to fraud, targeting victims across the U.K. Corporate Wire Fraud.

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PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding. At The Consumer Level.

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Fraud Strategy social media United States 295

PYMNTS

OCTOBER 15, 2020

Bloomberg said the only response from Robinhood initially was a statement that the company was referring the matter to its fraud investigation team, which would take "a few weeks" in order to get back to them. Social media saw a deluge of complaints about the attacks, Bloomberg reported.

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Report social media Fraud Tools 276

Abrigo

OCTOBER 19, 2023

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World. Stay up to date with cybersecurity threats.

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Online Security Resources Training 221

PYMNTS

DECEMBER 8, 2020

The holidays aren't always so cheery as the risk of fraud plagues consumers and retailers alike. With the pandemic accelerating a surge in eCommerce volumes, online fraud threats are at their peak, and everything from chargeback fraud to online product scams are dampening the holiday spirit. Corporate-Facing Fraud.

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Fraud Survey Online Philadelphia 178

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. Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes.

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Fraud How To social media Security 150

PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

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Fraud System Data Tools 158

PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S., there were 16.7

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Fraud Online social media Software 189

PYMNTS

DECEMBER 18, 2020

Pharmaceuticals supply chain security expert Amy Shortman reportedly told the Financial Times: “There will always be a market for people who wouldn't necessarily have access to that medicine and wanted to protect themselves and their families.

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Report United States social media Guidelines 274

PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns” tied to these currencies.

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Regulation social media Course Apple 352

Bank Innovation

APRIL 20, 2016

Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. A common attack against a Read More.

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Fraud social media Marketing Operations 150

PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

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Industry Fraud social media Security 225

PYMNTS

JANUARY 25, 2019

In 2016, customers took to social media to complain about a similar thing. As soon as any customer makes us aware of fraudulent activity we immediately suspend their account to prevent further fraud. Deliveroo takes this issue extremely seriously and is constantly working to combat fraud on behalf of our users.”.

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Data Security social media Fraud 178

PYMNTS

NOVEMBER 17, 2020

But, as three banking security experts told Karen Webster, that same trillion-dollar loss represents a significant authentication opportunity for financial institutions (FIs) if they leverage risk-based authentication and behavioral analytics to help shape and safeguard the great digital shift.

Fraud 195

Fraud Mobile social media Security 195

Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Takeaway 2 Financial institutions play a crucial role in not only securing their clients' financial assets but also in protecting their emotional well-being from the rising threat of romance scams. with reported losses of a staggering $1.3

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Fraud social media Training Trends 221

PYMNTS

AUGUST 20, 2020

A database of nearly a quarter-million YouTube, Instagram and TikTok public profiles that was held by a now-shuttered company called Deep Social has made its way onto the Dark Web, The Next Web reported on Thursday (Aug. The news site attributed information about the data exposure to researcher Bob Diachenko of security firm Comparitech.

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social media Data Security Operations 285

TheGuardian

SEPTEMBER 22, 2021

UK Finance said fraudsters had capitalised on the coronavirus pandemic, with criminals targeting children as young as 14 via social media to become money mules. Continue reading.

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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). Corporations must work to retain their trust, lest they lose customers to more secure competitors.

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social media Fraud Analytics Study 151

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

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Fraud Resources Software Training 335

PYMNTS

APRIL 21, 2020

The scams often impersonate legitimate companies and have fake social media accounts. Ripple has been walking the walk in terms of its complaints, hiring a team of experts in cybersecurity and digital threat intelligence to combat fraud and implementing a new submission form online for users to report instances of fraud they’ve seen.

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social media Fraud cryptocurrency blockchain 240

PYMNTS

OCTOBER 29, 2018

But those gains come with fresh concerns about digital security. Security Vulnerabilities. The main areas of security risk? Those devices are not the microchips from those programs in Wisconsin and Sweden — nor, of course, the chips implanted into pets.

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Fraud Wisconsin Data social media 176

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. 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. DOWNLOAD WHITEPAPER.

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social media Fraud cryptocurrency Trends 195

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

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Millennials Fraud Report social media 149

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . It also outlines some of the frictions entities face when doing so. .

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Security social media Retail Fraud 174

PYMNTS

JANUARY 21, 2019

Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

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social media Cards Security Fraud 211

Abrigo

DECEMBER 10, 2024

Education, collaboration, and advanced fraud detection software can help prevent it. The increasing threat of elder fraud On December 4, 2024, FinCEN, along with the supervisory agencies, issued a s tatement on e lder f inancial e xploitatio n, or elder fraud. Get details What is elder financial exploitation?

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Fraud Training Software social media 195

PYMNTS

SEPTEMBER 4, 2019

Whether bank or business, call centers need to make sure they’re providing an innovative, robust experience for the customer online, over the phone, through mobile apps and on social media. That’s why banks, such as TD Bank , are approaching call center security needs with tools like MFA, said Lindsay Sacknoff, head of U.S.

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Security social media Tools Knowledge Base 152