PYMNTS

OCTOBER 16, 2020

A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total. million pounds (about $483 million) during the first half of this year compared to the same period in 2019, blocking 853 million pounds (about $1.1 trillion a year. billion) in attacks.

Zelle 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

SEPTEMBER 21, 2020

As Standard Chartered noted to BuzzFeed in the wake of the FinCEN files report: "In 2019 we monitored more than 1.2 Drill down a bit, and as noted by PYMNTS, the efforts to track and catch the bad guys is akin to playing a game of whack-a-mole.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

NOVEMBER 17, 2020

This overwhelming reliance on smartphones has generated record profits for major telecommunications companies, including AT&T , Sprint and Verizon , with the industry generating $610 billion in revenue in 2019. Telecommunications companies face a number of challenges in their day-to-day operations, however.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

PYMNTS

DECEMBER 5, 2016

In June, Qualcomm announced its Snapdragon 820 processor would become the first mobile system on a chip to receive FIPS 140-2 Level 2 hardware certification that adds an advanced layer of cryptographic authentication to protect biometric data. Second, an authenticator code on a secure environment is necessary for the hardware itself.

Mobile Payments 65

Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

PYMNTS

JUNE 8, 2020

percent between 2019 and 2026, hitting $43.2 Tightening Authentication. FIs must use highly secure methods to authenticate customers’ identities and make it difficult for cybercriminals that manage to steal customer information to pass themselves off as legitimate customers. percent “less likely to be compromised.”.

Authentication 60

Authentication MFA Phishing Scams 60

PYMNTS

JANUARY 10, 2019

Spencer McLain, director, global risk solutions at Whitepages Pro told PYMNTS in an interview that September 2019 – when PSD2’s deadline looms on Friday the 13th – is coming much more quickly than some stakeholders might realize. Beyond the exemptions, and as with any authentication efforts, data makes all the difference, said McLain.

Multifactor Authentication 69

Multifactor Authentication Authentication Compliance Service Provider 69

PYMNTS

APRIL 16, 2020

A 2019 survey found 90 percent of companies reporting that their AP departments experienced more fraud than any other part of their operations. This month’s Deep Dive explores how businesses can adopt AP oversight tools, automation systems and multifactor authentication to better catch and prevent fraud. About The Tracker .

Cross-Border 52

Cross-Border Multifactor Authentication Security Automation 52