Cross-Border Payments Identity Theft Money Laundering 
The Payments Association
OCTOBER 4, 2024
Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches. The rise of online shopping, contactless payments, and mobile wallets has increased the number of points where fraud can occur.
FICO
JANUARY 22, 2020
Interestingly, nearly half of the respondents (46 percent) are currently only using 1 or 2 of these strategies , potentially leaving them more exposed to attack vectors such as identity theft, account takeovers, cyberattacks. Why try to crack a safe when you can walk in the front door?
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FICO
MAY 19, 2021
million students in the European Union (EU) at any given time, it’s easy to why criminals target this lucrative group for both fraud and money laundering. While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East.
FICO
MAY 19, 2021
million students in the European Union (EU) at any given time, it’s easy to see why fraudsters target this lucrative group for both fraud and money laundering. While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East.
PYMNTS
MAY 5, 2017
Another testament to the security risks inherent in interconnectivity, security gaps on the fringes of the SWIFT cross-border payment network were found to have been leveraged by cybercriminals in a series of attempted and successful digital bank heists in 2016. Ransomware, Cyberespionage On The Rise.
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