Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Synthetic Fraud Synthetic fraud occurs when criminals create fictitious identities by combining real and fake information, such as using a real Social Security Number with a fake name and address.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

PYMNTS

FEBRUARY 6, 2018

He noted that in all the news reports detailing the ravages of identity theft, one thing is notably missing: A list of free services – from the government and elsewhere – that can help individuals monitor whether they have been compromised and how to protect themselves. Data Point Number Two: 15.4

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48

PYMNTS

DECEMBER 23, 2019

In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one. Is the Social Security number associated with a person who is both alive and over the age of 18?

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

JUNE 27, 2016

Reuters reported late last week that Peter Locsin, of Talisay City, Philippines, is believed to be behind a cybercrime scheme to compromise the accounts of several well-known individuals at three financial institutions.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

Exact Payments

JULY 1, 2024

which includes security enhancements such as enforcing “forward secrecy” to prevent the compromise of encryption keys between the server and clients. Even if a server’s key is compromised, past communications remain secure because the session keys cannot be retroactively decrypted. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

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. Well, it can take years to discover. Clearing and Settling Digital IDs.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. Biometrics May Not Be the Panacea.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

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

JANUARY 9, 2019

The large number of data breaches that occurred in 2018 gave fraudsters access to a vast library of stolen information, from email addresses to Social Security numbers. Undoubtedly, Siddiqui added, account takeovers have emerged as the biggest threat for luxury retailers, especially during the holiday season. “We

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

PYMNTS

FEBRUARY 6, 2017

This has given way to a significant shift toward using synthetic identities — a new, false identity not associated with a real person — which enable fraudsters to open and cultivate new accounts.

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59

PYMNTS

MARCH 2, 2018

That’s a lot of compromised data, of course. And Equifax has taken steps to stanch some of the bleeding of personal information – you know, the kind for sale on the Dark Web – by forging new pacts focused on identity verification. The latest tally comes to 147.9 million, up 2.4 Investigations continue, said the company.

Breach 41

Breach Data Breach Identity Theft Data Security 41

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Secure Network Configurations Configuring secure networks is fundamental to PCI DSS compliance. Chargeback Risk: Chargebacks occur when customers dispute a transaction and request a refund directly from their bank.

Risk Management 68

Risk Management Risk PCI DSS Process 68

Nanonets

SEPTEMBER 28, 2023

Government Benefits: Governments use EFTs to distribute benefits and payments, such as social security and tax refunds, to beneficiaries. While EFT payments are generally safe, there is always a risk that your information could be compromised. Be sure to only make EFT payments to businesses and individuals you trust.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

Government Benefits: Governments use EFTs to distribute benefits and payments, such as social security and tax refunds, to beneficiaries. While EFT payments are generally safe, there is always a risk that your information could be compromised. Be sure to only make EFT payments to businesses and individuals you trust.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

PYMNTS

JUNE 21, 2016

Acer further noted that passwords, login credentials and Social Security numbers were not impacted by the breach. “Based on our records, we have determined that your information may have been affected, potentially including your name, address, card number, expiration date, and three-digit security codes.

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

MARCH 1, 2019

Lawyers filed the suit on behalf of 28 million small businesses, arguing SMBs were disproportionately impacted by the security breach that compromised Social Security numbers and other sensitive data. ” .

Small Business 47

Small Business Identity Theft Breach Data Breach 47

PYMNTS

FEBRUARY 28, 2019

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). including names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. Begor made the confession after U.S.

Identity Theft 77

Identity Theft Data Breach Social Security Breach 77

PYMNTS

JANUARY 24, 2017

According to a report released earlier this month jointly by CyberScout and the Identity Theft Resource Center, within the United States, the sheer number of data breaches is on the upswing, to the tune of about 40 percent, as the total number of breaches found across the duo’s research came in at 1,093.

Data Breach 44

Data Breach Breach Identity Theft Phishing 44