PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The identity theft firm 4iQ did a study last year about password use and found that almost half of the study respondents reused their passwords over multiple sites.

Cybersecurity 74

Cybersecurity Accounts Identity Theft Law Enforcement 74

VISTA InfoSec

JUNE 21, 2023

Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. You can also include links to up-to-date information on identity theft if appropriate.

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Data Breach Breach Law Enforcement Cybersecurity 130

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. The post Cybersecurity: How to Protect Yourself Online (Video) appeared first on FICO.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. Email is a big challenge, be careful.”.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

JANUARY 25, 2017

It’s a job seeker’s market when it comes to cybersecurity expertise, according to a new report from employee-employer matching company Indeed, and Apple tops the list of best U.S. corporations seeking to fill cybersecurity roles. Indeed announced today (Jan. 25) its ranking of the 10 best U.S. hit an all-time high last year.

Cybersecurity 45

Cybersecurity Data Breach Identity Theft Federal Reserve 45

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

The Fintech Times

FEBRUARY 21, 2024

FICO, the analytics company, published a report , titled Fraud, Identity, and Digital Banking Consumer Survey 2023 – United Kingdom uncovering Brits’ attitudes towards fraud and cybersecurity measures. Identity theft to open a new account is the top-ranked concern at 30 per cent.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

FICO

JULY 18, 2017

This rich data set is a honey pot for cybercriminals – particularly those using data to fuel identity theft. We included telecommunications providers in the cybersecurity survey carried out on our behalf by independent research company Ovum. Download the e-book: “Cybersecurity for Telecoms –Views from the C Suite”.

Cybersecurity 45

Cybersecurity Risk Data Breach Breach 45

PYMNTS

SEPTEMBER 24, 2020

22%: Rise in identity thefts targeting seniors between 2018 and 2019. banks spend annually on cybersecurity measures. Data: 200%: Increase in women’s apparel digital sales for Nike in Q1. 80K: Number of global regulatory updates in 2019 with which banks must comply to avoid fines. 6.7B: Amount U.K.

Identity Theft 61

Identity Theft Technology Financial Crimes Innovation 61

PYMNTS

FEBRUARY 21, 2018

After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like….

Identity Theft 40

Identity Theft Rules Verification Accounts 40

Fintech News

APRIL 22, 2024

The consequences of such attacks are severe, leading to financial losses, identity theft, and reputational damage for both users and financial institutions. Securing Indonesia’s Digital Future As cybersecurity leaders, safeguarding Indonesia’s digital future is a shared responsibility.

Phishing 93

Phishing Security Blocks Cybersecurity 93

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

The Fintech Times

NOVEMBER 19, 2024

This shift is largely driven by FaaS platforms and widely available fraud tools, which provide a range of services to facilitate cybercrime, including identity theft, account takeovers, and financial fraud. Anyone can access the resources needed to launch fraudulent schemes, regardless of their technical expertise.

Deepfake 64

Deepfake APACS Account Takeovers Identity Theft 64

VISTA InfoSec

MAY 12, 2024

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

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PCI DSS Security Compromise Best Practices 277

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 But individual consumers aren’t the only victims of identity theft.

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

Fintech Finance

MARCH 18, 2024

. “As enterprise businesses navigate the evolving commerce arena, heightened cybersecurity is undeniable. “Our partnership with Equifax showcases our unwavering commitment to cybersecurity, bolstered by a focus on enhancing trust in every transaction. We were operational within just one hour.”

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Fraud Prevention Fraud Detection Identity Theft Cybersecurity 52

PYMNTS

FEBRUARY 19, 2019

What’s more, fraudsters are getting smarter, building out identities and initiating money transactions that are made to appear as legitimate as possible before making their move. Yet, how can banks protect against identity theft and application fraud with so many details compromised? Inverting the Fraud Approach.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

Fintech News

MARCH 25, 2024

This growth suggests that threat actors continued to invest in new methods to target mobile banking apps, developing new tools and techniques to execute fraudulent transactions, steal funds and commit identity theft , the report says. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 97

Mobile Banking Online and Mobile Banking Identity Theft Credential 97

CB Insights

MARCH 4, 2021

As companies continue to transition to the cloud, cybersecurity remains a major concern amid growing cyber losses. However, companies have spent far less on cyber insurance than on cybersecurity as a form of cyber risk management. First name. Company name. Phone number.

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Cybersecurity Underwriting Identity Theft Wire Transfer 74

PYMNTS

MAY 2, 2019

For example, security and protecting against identity theft are top of mind for SMB owners , almost regardless of size or vertical. Yet, she noted, the data showed that 74 percent had absolutely no form of cybersecurity or identity theft protection coverage. Take security, for example.

Visa 71

Visa Identity Theft Small Business Cybersecurity 71

The Fintech Times

APRIL 10, 2024

With experts estimating that there is a new case of identity theft every 22 seconds , and anticipating this ratio to worsen this year, the MDES helps to protect cardholders from becoming victims as it converts their most sensitive information into non-sensitive digital tokens.

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Visa PCI DSS Accreditation Identity Theft 105

The Paypers

DECEMBER 17, 2020

Money has unveiled the launch of a new tool which aims to increase cybersecurity awareness and protect users from identity theft.

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Data Breach Identity Theft Breach Cybersecurity 28

Segpay

FEBRUARY 21, 2024

Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities. Generative AI in Security: Advanced Threat Detection: Generative AI is a game-changer in cybersecurity, providing advanced threat detection capabilities.

AI 90

AI Innovation Fraud Detection Encryption 90

PYMNTS

DECEMBER 20, 2019

Wawa is getting in touch with customers and offering free credit card monitoring, as well as identity theft protection, to anyone who has been affected. Our cybersecurity team discovered and shut down malicious, unauthorized access to some information related to your T-Mobile prepaid wireless account,” the disclosure stated. “We

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Data Breach Breach Identity Theft Credit Cards 52

Center for Payments

SEPTEMBER 1, 2023

Strengthened Cybersecurity One of the critical aspects of payment preparedness is bolstering cybersecurity measures. National Preparedness Month serves as an opportunity to reinforce cybersecurity practices, such as implementing strong authentication protocols, regularly updating software and systems, and conducting security audits.

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Payment Security Security Cybersecurity Identity Theft 40

PYMNTS

MAY 21, 2020

Identity theft is also a constant fraud threat, with the Federal Trade Commission (FTC) stating that more than 650,57o cases of identity theft were reported in 2019. million total fraud incidents last year, and also set a new record for the highest amount of identity theft cases in any year in history.

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

FEBRUARY 20, 2019

The cybersecurity company analyzes data from its Global Intelligence Network, which records events from 123 million attack sensors worldwide, and blocks 142 million threats daily and monitors threat activities in more than 157 countries.

Scams 69

Scams Identity Theft Compromise Ransomware 69

PYMNTS

NOVEMBER 27, 2018

She added that policymakers have designed corporate cybersecurity penalties with large enterprises in mind, with some states requiring up to $2,500 in fines for each exposed customer record, even if the business is not shown to be at fault. “They don’t have the funds to hire a person with that kind of training.”.

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Research Identity Theft Small Business Cybersecurity 75

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

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FTC Cybersecurity Small Business Federal Trade Commission 73

The Fintech Times

AUGUST 17, 2024

Insights from behavioural analytics help mitigate: fraud in real-time prevent identity theft account takeover bot attacks next-generation bot attacks fraud rings This will empower businesses to provide a seamless customer experience. Jack Alton, CEO at NeuroID “We are in a new era of fraud driven by AI.

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Risk Fraud Detection Bots Identity Theft 59

PYMNTS

SEPTEMBER 4, 2017

Charter said the information was removed right after it was discovered and the cybersecurity incident is being looking into. The cybersecurity breach comes just as Yahoo , which was recently acquired by Verizon Communications, will see a lawsuit move forward over its massive data breach that impacted more than one billion people.

Identity Theft 43

Identity Theft Data Breach Breach Cybersecurity 43

PYMNTS

SEPTEMBER 16, 2020

Fraudsters’ attacks on universities’ systems have become more frequent in recent years, revealing just how critical it is for universities to bolster their cybersecurity amid the push to remote learning. Digital onboarding has also created various issues for universities, prompting them to reexamine their cybersecurity protocols.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

PYMNTS

JANUARY 8, 2019

As fraudsters grow bolder, these brands are racing to implement new fraud protection services, as more instances of identity theft, digital payments fraud and gift card fraud emerge. Luxury retail brands are seeing increasingly varied forms of fraud, from online identity theft to straightforward, old-fashioned counterfeiting.

Identity Theft 66

Identity Theft AI FBI Data Breach 66

Finovate

APRIL 11, 2024

Additionally, the combination of Mitek’s check image analysis and DataVisor’s analysis of check and customer lifecycle data will enable users to detect a wide variety of check fraud tactics including check kiting, remote deposit capture fraud, check washing, counterfeit checks, and identity theft.

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

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.

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Deepfake APACS Scams Authentication 107

The Fintech Times

JANUARY 17, 2024

AI: Fighting the emerging threat Two-thirds (66 per cent) of financial industry respondents think the use of AI by fraudsters and other criminals poses a growing cybersecurity threat. Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware.

AI 59

AI Financial Crimes Crime Security 59

The Fintech Times

JULY 10, 2024

“The use of the NFC chip reduces the risk of identity theft and unauthorised access while cutting costs associated with printing, storage and manual handling of documents. “With eID eSign, our customers can future-proof their offering according to the German AML laws (GwG) and the European eIDAS regulations,” added Seth.

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Security Verification AML Identity Theft 64