Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

PYMNTS

SEPTEMBER 24, 2019

With billions of compromised credentials exposed online, there is a high likelihood that most users of the U.S. financial system have had some information about themselves … compromised at some point.”. “These are attempts, and, often because of diligent work by bank compliance officers, do not represent actual losses.

Fincen 71

Fincen Account Takeovers Identity Theft Financial Crimes 71

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows.

Fraud Prevention 40

Fraud Prevention Account Takeovers Identity Theft Data Breach 40

PYMNTS

JUNE 6, 2016

According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords. Regardless of the source, this is compromised data that belongs to them.”.

Data Breach 42

Data Breach Breach Identity Theft Compromise 42

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security. Covering All The (Data) Bases.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

FEBRUARY 7, 2018

Department of Justice said it had indicted 36 people from around the globe tied to an internet identity theft ring. Members of the Infraud Organization acquired consumers’ identities and sold them, as well as compromised credit and debit cards, and all over a period of seven years.

Crime 46

Crime Law Enforcement Identity Theft Debit Card 46

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 112

Deepfake APACS Scams Authentication 112

PYMNTS

JUNE 3, 2020

That’s especially important as criminals seek to use eCommerce to commit what might be termed “authorized fraud” as bad actors get hold of card details or log-in credentials, pose as legitimate account holders and send payments. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. The defendants also used stolen email credentials to copy a victim’s email contacts. Through this method, they sent tens of millions of malicious emails.”.

Money Laundering 51

Money Laundering Wire Wires Identity Theft 51

FICO

MAY 15, 2018

As a drumbeat of data breaches becomes the new reality — 42% of organizations breached in 2017 were breached in the past — it’s easy for consumers to throw up their hands and brace themselves for becoming a victim of identity theft or other financial crime.

IRS 63

IRS Data Breach Identity Theft Breach 63

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

APRIL 17, 2018

Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. The company has filed for more than 35 patents in blockchain technology.

Visa 52

Visa Blockchain Credential Blocks 52

PYMNTS

OCTOBER 30, 2017

According to John Krebs, manager of the identity theft program at the Federal Trade Commission (FTC), the situation between the good guys who are trying to protect the systems and the bad guys who are trying to break into and exploit them will always be very asymmetrical. Known Unknowns.

Identity Theft 69

Identity Theft Account Takeovers FTC Phishing 69

PYMNTS

APRIL 6, 2017

At this year’s PYMNTS Innovation Project , Admiral James Stavridis , NATO’s former Supreme Commander, said that one of the biggest points of compromise that cybercrooks exploit is the login. Ownership is what deals with identity, and the locks are who has delegated access on behalf of that identity. “If

Authentication 48

Authentication Verification Credential Identity Theft 48

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Merchants must establish and maintain secure network configurations to prevent unauthorized access to payment card data, minimizing the risk of data compromise.

Risk Management 66

Risk Management Risk PCI DSS Process 66

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

MAY 5, 2017

The compromised Sabre system reports offering seamless connectivity to over 120 property management, 7 revenue management, 7 CRM and 18 content management solutions according to the company’s website. To begin, some 32,000 properties use the travel tech company’s reservation system. But that’s not all.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

MARCH 29, 2018

Every attack means compromised data, and compromised data means an opportunity for fraudsters to use that information to commit fraud. Companies need smarter compliance solutions to help them address this wide range of identity verification needs, Caldera said. As it turns out, these breaches are expensive.

Authentication 43

Authentication Risk Compliance Database 43

PYMNTS

JUNE 21, 2016

Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. The company notes that the credentials may have been breached by a third party between the dates of May 12, 2015 and April 28, 2016. Canada and Puerto Rico, according to a letter from the company.

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

MARCH 16, 2017

During a follow-up briefing on Wednesday (March 15), the FBI shared its insight on how Yahoo’s user data and technology was compromised so significantly over a two-year period. From there, hackers gained access to Yahoo’s internal networks, and the rest has gone down in cybersecurity history.

FBI 46

FBI Breach Identity Theft Data Breach 46

PYMNTS

APRIL 22, 2016

They then reportedly used a bitcoin exchange to cover up the violations that the compromised credit union was flying under the radar of from regulators. A recent report by Harris Poll stated that 10 percent of consumers (of those surveyed) said they use bitcoin as a payment method in order to avoid identity theft during tax time.

Bitcoin 42

Bitcoin Credit Union Money Laundering Identity Theft 42

Seon

JUNE 21, 2023

If one of these accounts gets hacked, it can lead to more accounts being compromised, particularly if your security settings are low and you aren’t using a variety of username/password combinations. Other digital payment service users : Fraudsters may also target a cardholder’s mobile wallet app and/or full-service neobank account.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52