Fi911

JULY 8, 2024

The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks.

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Account Takeovers Fraud Detection Phishing Fraud Prevention 87

PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees. Some 1,473 breaches revealed 164.7

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Segpay

FEBRUARY 21, 2024

This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. These biometric features add an extra layer of security by ensuring that only authorized users can make transactions.

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AI Innovation Fraud Detection Encryption 105

Center for Payments

SEPTEMBER 1, 2023

In an increasingly digital and interconnected world, ensuring the security and resilience of payment systems is paramount. This article explores the benefits of National Preparedness Month as it relates to payments and highlights the steps individuals, businesses, and organizations can take to enhance payment security.

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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. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace.

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PYMNTS

MAY 21, 2020

Artificial intelligence (AI) and machine learning (ML) can analyze the thousands of transactions banks process each day in real time, and employee education efforts are proving effective in preventing deception via phishing emails or other social engineering techniques. The identity theft rate in 2019 was 46.4 percent of 3.2

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Financial Crimes Crime Identity Theft Federal Trade Commission 52

The Fintech Times

JANUARY 17, 2024

When asked what kinds of fraud they were the victims of, the most common responses were: Credit card fraud (59 per cent) Identity theft and phishing (21 per cent) Employment scams (12 per cent) Investment fraud (10 per cent) “Millennials have embraced digital payments and mobile banking, which dominate how we access banking services today. “The

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AI Financial Crimes Crime Security 59

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures.

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PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. The Security Threats Facing ITMs And How FIs Can Protect Them. billion by 2024.

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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.

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Data Breach Breach Identity Theft Law Enforcement 122

Clearly Payments

MARCH 4, 2024

The breach exposed the sensitive credit card information of millions, igniting concerns over data security and regulatory oversight. The stolen data was then exfiltrated from the network and, ultimately, used for fraudulent purposes, including unauthorized purchases and identity theft.

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Phishing Data Breach Law Enforcement Money Laundering 59

Fi911

JANUARY 18, 2024

Financial institutions employ various security measures to combat them. They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. Meanwhile, the debt it forced onto the person whose Social Security information was used to secure the loan.

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Account Takeovers MFA Fraud Detection Credit Cards 85

Fintech News

MARCH 25, 2024

However, this surge is being accompanied by a dramatic growth in mobile banking malware, as threat actors increasingly turn their focus on mobile banking applications for illicit financial gain, a new report by mobile security company Zimperium says. Hook is a type of malicious software specifically designed to target mobile banking apps.

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Mobile Banking Online and Mobile Banking Identity Theft Credential 114

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.

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Identity Theft Data Breach Breach Verification 63

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. Communicate clearly A data breach can expose people’s personal, financial, and health information, and in some cases, social security numbers can be taken too.

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PYMNTS

MAY 19, 2020

to secure the two servers, The Hacker News reported. SafetyDetective said Natura customers should be vigilant against identity theft, change their account passwords and keep a close eye on their payment card transactions for signs of any suspicious activity. The company then contacted Amazon, which asked Natura & Co.

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Identity Theft Payment APIs and Integration Payment-Related Information Phishing 93

Fintech Finance

MARCH 18, 2024

This strategic partnership, which started in 2023, combines the fraud detection and prevention expertise from Equifax with the robust VTEX commerce platform, empowering enterprise customers to better secure their businesses while delivering unmatched customer experiences.

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Fraud Prevention Fraud Detection Identity Theft Cybersecurity 52

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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Seon

JANUARY 29, 2024

In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it. What Is Account Takeover Fraud?

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

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Data Security Governance Government Data Breach 54

Innovative Payments Association

JUNE 26, 2024

Secure Personal Information: Never give out personal information over the phone, through email, or online unless you initiated the contact and are sure of the recipient's identity. Identity Theft: Scammers steal seniors' personal information to open accounts or make purchases in their name.

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Scams Federal Trade Commission Identity Theft Law Enforcement 52

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! What is data security in healthcare?

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PYMNTS

JULY 9, 2020

Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing 667 percent between late February and late March. Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security.

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Fraud Prevention Account Takeovers Authentication Identity Theft 104

The Fintech Times

FEBRUARY 23, 2024

Deepfakes and threats of AI Such activity could lead to identity theft, which IDnow believes should be a concern to the UK public, especially given the rise in deepfake technology. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents.

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PYMNTS

APRIL 30, 2019

Security experts have discovered an online, unprotected database that stores the personal data of 80 million American households. In addition to identity theft, the data could be used to target older and more vulnerable people for phishing and scam attempts. Everyone in the database is over the age of 40.

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Database Identity Theft Breach Phishing 49

PYMNTS

OCTOBER 7, 2020

These bad actors are tapping everything from tried and true phishing schemes to tailored identity theft to scrape data from these digital sites, and not properly protecting against these efforts can lead to significant strain. Why Shifting Consumer Spend Is Prompting Security Onboarding Moves.

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Verification Identity Theft Online and Mobile Banking Authentication 89

Seon

SEPTEMBER 11, 2023

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users.

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Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

JUNE 25, 2020

Long pled guilty in November of 2019 to a scheme where he committed wire fraud and aggravated identity theft. The charges dated back to 2013, when Long created and deposited checks from the checking accounts of over 375,000 victims, saying that the victims’ banks had authorized the fund transfers.

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Identity Theft Payee Checks Phishing 66

PYMNTS

APRIL 15, 2019

Security solved. As it turns out, security researchers at Kaspersky Lab have found a darknet marketplace in which hackers are selling digital fingerprints. The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200.

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Money Laundering Wire Wires Identity Theft 51

PYMNTS

SEPTEMBER 24, 2019

Criminals will get this info through hacking or by social engineering and phishing. Some criminals are also monetizing stolen credit card information through fraudulent merchant accounts to charge victims’ cards, or are simply creating fraudulent user accounts on fintech platforms as part of identity theft or synthetic identity fraud.”.

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Fincen Account Takeovers Identity Theft Financial Crimes 71

PYMNTS

OCTOBER 14, 2020

That’s bringing card-tot-present (CNP) security issues to the surface, and platform solutions to the rescue. According to the October Next-Gen Debit Tracker® , “One recent study found that the number of active phishing sites in the U.S. With the proliferation of debit comes inevitable attempts to target debit cards.

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PYMNTS

DECEMBER 17, 2020

The IRS is encouraging consumers to screenshot these fraudulent texts and email them to the agency at phishing@irs.gov. million in coronavirus-related fraud this year and 38,792 cases of identity theft. “This scam is a new twist on those we’ve been seeing much of this year.”. The FTC marked $201.26

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Scams IRS Federal Trade Commission FTC 84

PYMNTS

JULY 10, 2019

Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life. Privacy management company TrustArc is getting $70 million to further advance innovation and security in the data privacy landscape via a Series D funding round.

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Privacy Identity Theft Regulatory Compliance Data Breach 40

PYMNTS

MARCH 16, 2017

Malcolm Palmore, assistant special agent in charge of the FBI’s San Francisco Cyber Division, told Ars Technica that the agency believes the hack started back in 2014 when a Yahoo employee fell victim to a spear phishing email campaign.

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Payment Savvy

DECEMBER 3, 2020

Cyber frauds can take place in several forms, including: Identity theft is when an attacker gets personal information about an individual and uses it to commit fraud without their consent. Design a Security Policy. Always Update Your Hardware, Software, and Security Safeguards. Encrypt and Back-Up Data.

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Encryption Data Encryption Identity Theft Cybersecurity 52

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure.

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Verification Consumer Online and Mobile Banking Scams 83

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. may actually be putting users’ security at risk.

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