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.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

FICO

DECEMBER 19, 2016

In the aftermath of the compromise of 5.6 Recovering from compromised biometric intel is very challenging indeed. You always have the option of changing your password, but you can’t change your fingerprints. You always have the option of changing your password, but you can’t change your fingerprints. Say hello to 2017.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

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 122

Deepfake APACS Scams Authentication 122

PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace. Fraudsters are getting smarter.

Accounts 62

Accounts Email Compromise Same Day ACH Compromise 62

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. Find Out More The use of AI in fraud is not limited to the digital space; it extends to financial crimes, money laundering, identity theft and other illicit activities.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Clearly Payments

MARCH 22, 2024

This means that even if a transaction is compromised, the actual card details remain secure. Biometric authentication, such as fingerprint or facial recognition, is increasingly used to verify the identity of the user, adding a personal layer of security to the transaction process.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

VISTA InfoSec

AUGUST 22, 2023

Privacy Considerations Associated with Biometric Data Despite augmenting the convenience and security of identity verification, biometric data introduces privacy considerations necessitating meticulous contemplation. Altering or replacing compromised biometric traits is complex.

Privacy 130

Privacy Legal Compliance Best Practices 130

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security.

Risk Management 97

Risk Management Risk PCI DSS Process 97

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. Hall said the identity industry needs to start with separating identity verification from authentication.

Authentication 48

Authentication Verification Credential Identity Theft 48

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

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

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.

Blockchain 52

Blockchain Visa Credential Blocks 52

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. million, boosted by verification services, which gained 11 percent from last year to $126 million.

Breach 41

Breach Data Breach Identity Theft Data Security 41

FICO

DECEMBER 13, 2022

Our survey data shows, that even a little too much friction in the process, especially relating to identity checks, dissuades many customers from completing an originations process. However, this aversion to badly thought-out identity checks extends to use of existing accounts. Customers Prefer Biometric Security.

Security 52

Security Account Takeovers Authentication Payee 52

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. PYMNTS: Why is that important — and how difficult is that to do?

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age.

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Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Nanonets

MAY 31, 2023

million individuals in the United States fell victim to identity theft in 2021. Compromised Employees: Internal employees willingly or unwittingly collude with external fraudsters to execute payment fraud schemes, leveraging their knowledge and access to circumvent controls.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

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

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. “It As it turns out, these breaches are expensive.

Authentication 43

Authentication Risk Compliance Database 43

Nanonets

SEPTEMBER 28, 2023

Factors like cut-off times, verification, and weekends/holidays can affect EFT timing. While EFT payments are generally safe, there is always a risk that your information could be compromised. Also, be sure to keep your computer security up-to-date to help protect yourself from identity theft and other online threats.

Electronic Funds Transfer (EFT) 52

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

Nanonets

SEPTEMBER 28, 2023

Factors like cut-off times, verification, and weekends/holidays can affect EFT timing. While EFT payments are generally safe, there is always a risk that your information could be compromised. Also, be sure to keep your computer security up-to-date to help protect yourself from identity theft and other online threats.

Electronic Funds Transfer (EFT) 52

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

PYMNTS

AUGUST 21, 2018

He said, “As an individual, you have to assume your data is already compromised,” so much so that all identity proofing solutions that rely on static knowledge about a person have been rendered invalid. As Pointner said, “There is not enough understanding yet about how tough it can get when, really, someone compromises your data.”.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

NOVEMBER 6, 2017

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. After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft.

Security 43

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