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.

PCI DSS 276

PCI DSS Security Compromise Best Practices 276

Payments Dive

AUGUST 28, 2024

Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.

Identity Theft 97

Identity Theft Credit Cards Consumer 97

Fintech Finance

AUGUST 28, 2024

However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft. report falling victim to online identity theft, with two in five reporting that an incident resulted in accounts being opened in their name.

Identity Theft 105

Identity Theft Online and Mobile Banking Consumer Payments Trends 105

VISTA InfoSec

FEBRUARY 25, 2024

For customers exposed to breaches, identity theft risks skyrocket, leading to bank/credit card fraud plus medical/tax/employment fraud. Forensics and recovery costs pile up fast while operations get disrupted for weeks investigating the breach.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

Finezza

MARCH 4, 2024

To keep up with the pace, lenders are seeking cutting-edge solutions to help deal with modern challenges, such as identity thefts, while ensuring seamless user experiences. The rapid transformation of the financial sector demands innovative digital solutions. Virtual credit cards (VCCs) have emerged as a transformative tool.

Credit Cards 98

Credit Cards Identity Theft On-Demand Innovation 98

PYMNTS

MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. Deep Dive: Enlisting AI And Biometrics In Response To Widespread Digital Identity Theft.

Identity Theft 98

Identity Theft AI Federal Trade Commission Verification 98

Finezza

DECEMBER 10, 2023

As identity theft remains a constant concern, virtual card numbers provide a secure alternative for online transactions, offering peace of mind while simplifying payments. According to Juniper research, virtual card transactions are projected to reach 175 billion by 2028.

Credit Cards 98

Credit Cards Identity Theft Research Transactions 98

Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

Identity Theft 77

Identity Theft Data Breach Breach Privacy 77

Basis Theory

DECEMBER 12, 2023

It also brings some significant challenges to both, including the friction of extra steps in the payment process, the sometimes-confusing user experience, and the risk of unanticipated fraud through identity theft in the initial 3DS registration (particularly the activation-while-shopping, or AWS step).

Identity Theft 100

Identity Theft Consumer Credit Cards Acquirers 100

The Paypers

FEBRUARY 23, 2024

Telecommunications operators Cell C , MTN , and Telkom have welcomed the launch of two universal APIs available in South Arica that combat fraud and digital identity theft.

Identity Theft 78

Identity Theft API 78

Fi911

AUGUST 15, 2023

The post Scammers Leveraging ChatGPT to Commit Identity Theft: Is Better Data the Solution? However, financial institutions can leverage a blend of technology, well-devised strategies, and robust security measures. Doing this will ensure that they protect their businesses and customers against these threats.

Identity Theft 52

Identity Theft AI Bots Authentication 52

FICO

NOVEMBER 24, 2020

Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. With that in mind, there are actions you can take right now to protect yourself from fraud and identity theft. This will also freeze all of the accounts associated with your identity.

Identity Theft 98

Identity Theft Scams Online and Mobile Banking Account Takeovers 98

Payments Dive

JULY 28, 2017

We look at denial of service, web application attacks and payment card skimming, POS vulnerabilities and identity theft, among others. Find out what types of data breaches happen most frequently and the countries being affected by downloading this new infographic.

Identity Theft 79

Identity Theft Payments Data Data Breach Breach 79

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

The Paypers

OCTOBER 20, 2023

Australia-based fintech has Data Zoo expanded to the North American Market by leveraging a US patent to deliver digital identity solutions for banks and prevents identity theft.

Identity Theft 73

Identity Theft FinTech 73

Fintech News

JULY 10, 2024

By partnering with local resellers, Sumsub aims to provide robust verification solutions to businesses in these key markets, helping them meet compliance standards and combat fraud and identity theft effectively. Sumsub established its first APAC headquarters in Singapore in July 2023.

Identity Theft 104

Identity Theft APACS Deepfake Money Laundering 104

PYMNTS

APRIL 9, 2019

Operators of the marketplace sell the data to cybercriminals who use it for identity theft, online fraud, and other crimes. The report noted users who had been hit with malware or installed a bad browser extension had their account passwords and browser details copied and then sent to the operators of the marketplace.

Identity Theft 94

Identity Theft Crime Security Research 94

Payments Dive

OCTOBER 22, 2020

And fraudsters buy this data to commit synthetic identity theft. Data breaches are a common phenomenon not unique to the US - companies around the world face similar challenges. Personal information exposed from data breaches often winds up for sale on dark web marketplaces.

APACS 76

APACS Identity Theft Data Breach Breach 76

PYMNTS

APRIL 12, 2020

With governments imposing lockdowns to contain the virus, hackers have been known to pose as banks or other legitimate institutions to try to glean access to people’s private information to use for nefarious means, such as identity theft. Italian law enforcement officials said the country has seen a rise in this kind of activity.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

Finextra

DECEMBER 9, 2024

Business identity theft is a rising threat among B2B credit operations.

Identity Theft 52

Identity Theft Visa B2B 52

PYMNTS

AUGUST 21, 2020

These machines can be vulnerable to fraud, however, ranging from physical techniques like card skimmers to digital methods like identity theft. Interactive teller machines (ITMs) offer a variety of services that are normally only available inside a physical branch, like loan applications and cash deposits.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Payments Source

APRIL 11, 2019

Tax-related identity theft can be especially worrisome, not only for the monetary consequences it carries, but tax documents often contain highly sensitive information, like Social Security numbers, writes Paige Schaffer, president and COO of Generali Global Assistance’s Identity and Digital Protection Services Global Unit.

Identity Theft 69

Identity Theft Security Social Security Innovation 69

PYMNTS

OCTOBER 22, 2018

With risk, of course, due to endemic identity theft concerns – but also with a lot of reward. They use their phones to order food and to decide what they eat before they order. They shop, pay bills, book and manage travel – all digitally.

Identity Theft 73

Identity Theft Crime Risk Consumer 73

PYMNTS

NOVEMBER 12, 2018

However, since this breach involves sensitive personal information, including partial SSN, there could be a risk of identity theft.” The government agency is offering free identity theft protections due to the breach through ID Experts, a data breach and recovery company.

Identity Theft 71

Identity Theft Consumer Data Breach Breach 71

The Payments Association

NOVEMBER 20, 2024

From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. Finally, AI tools also have applications in identity verification. How will AI tools evolve to combat new threats?

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

PYMNTS

AUGUST 5, 2020

Maine led the pack, where monthly complaints of coronavirus scams and identity theft quadrupled from March through July, the study said. But the scams are not limited to the giant states. Even small states saw huge increases in COVID-related fraud in recent months.

FTC 112

FTC Federal Trade Commission Scams Identity Theft 112

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.

Visa 105

Visa PCI DSS Accreditation Identity Theft 105

Segpay

NOVEMBER 26, 2024

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Additionally, emerging technologies such as blockchain are being integrated into digital identity verification processes to further secure online transactions.

Verification 88

Verification Identity Theft Money Laundering Due Diligence 88

Payments Source

JANUARY 14, 2020

Open banking and identity services are both still evolving to meet the needs of the new digital economy. These communities will need to connect at the hip to prevent fraud, avoid identity theft and to deter other financial crimes, like money laundering.

Identity Theft 63

Identity Theft Money Laundering Financial Crimes Crime 63

PYMNTS

JANUARY 11, 2021

Robinhood has insisted its internal systems weren't compromised and that unauthorized access was due to identity theft. In October, Robinhood reported hackers had obtained some customers' account information. Reports at the time noted that customers watched as their accounts were drained but couldn't reach anyone at Robinhood.

Accounts 96

Accounts Identity Theft Breach Laws 96

PYMNTS

FEBRUARY 13, 2020

For this reason, the company said it’s an ideal technology for avoiding fraud and identity theft. The technology is different from one using fingerprints, as finger veins leave no trace, so they cannot be copied. According to Dryden, the technology aims to roll out in the U.K., Manchester, Europe and North Africa this year.

Identity Theft 97

Identity Theft Payments Settlement Technology 97

The Fintech Times

FEBRUARY 21, 2024

Identity theft to open a new account is the top-ranked concern at 30 per cent. “If one place in the onboarding process sees a high proportion of dropouts, FIs should consider altering the order in which checks are made and whether some could happen once the customer has been accepted,” added Roche.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

PYMNTS

JUNE 12, 2020

There were 14,079 complaints about identity theft, and 3,738 Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (FTC), according to new reports released on the organization’s website. There were 47,881 fraud complaints to the FTC across the country , the majority in every state.

FTC 61

FTC Federal Trade Commission Identity Theft Consumer 61

Fintech News

DECEMBER 17, 2024

Revoluts move comes as crypto fraud, including phishing attacks and identity theft, becomes more sophisticated. Additional security measures, like brief interactions with customer service for high-risk transactions, ensure a balance between safety and user convenience.

Transactions 65

Transactions Identity Theft Security Phishing 65

PYMNTS

SEPTEMBER 18, 2019

Banks must be sure they are properly protecting customers against new account fraud and identity theft, but without adding frictions to legitimate customers’ mobile and online banking experiences. The Impact of ML on Account Opening Fraud.

Identity Theft 78

Identity Theft Online and Mobile Banking AI Non-Bank 78

The Paypers

OCTOBER 9, 2023

Trulioo , a global identity verification platform, has announced new research showing that 79% of responding organisations have experienced defrauding, extorting or stealing money.

Identity Theft 41

Identity Theft Verification Research 41

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