VISTA InfoSec

FEBRUARY 25, 2024

Payment Information This encompasses full credit/debit card numbers, card verification codes, expiration dates, billing addresses, bank/routing account details, wire transfer logs, and other payment information. Forensics and recovery costs pile up fast while operations get disrupted for weeks investigating the breach.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia. Sumsub established its first APAC headquarters in Singapore in July 2023.

Identity Theft 107

Identity Theft APACS Deepfake Money Laundering 107

Fintech Review

APRIL 20, 2025

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. What Is Cybertech?

Finance 52

Finance Security Fraud Detection Encryption 52

Payments Source

SEPTEMBER 27, 2017

The identity theft threat created by the Equifax hack and the growth of online lending have given software makers a platform to pitch products that rely on selfies, scans of driver’s licenses and other nontraditional ID methods.

Identity Theft 64

Identity Theft Verification Product Data Breach 64

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. Email and the Verification Divide. The Future of Email Verification. These schemes range from tailored attacks against U.S.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

Fintech News

JULY 16, 2024

This increase in identity checks by Singapore banks is a direct response to the significant issue of identity theft in the country. Aashish Sharma “Consumers are seeking smarter onboarding processes and identity checks that do not compromise security or anti-fraud measures.

Identity Theft 110

Identity Theft Online and Mobile Banking Checks Compromise 110

FICO

AUGUST 1, 2019

With the rapid rise of data breaches around the globe, the fear of identity theft is at an all-time high. What does it have to do with identity theft? It’s worth nothing, the US Postal Service has since improved ID Verification and authentication fraud controls to stem the tide of abuse with great success.

Identity Theft 40

Identity Theft Credit Cards Data Breach Account Takeovers 40

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. Deep Dive: Why FIs, Businesse s Must Upgrade Email Verification To Keep Fraud At Bay.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

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. With fraudsters getting bolder, banks, retailers and consumers are recognizing that stronger verification is now a necessity. Around the Digital Fraud World.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

The Fintech Times

MAY 17, 2024

New data from Jumio , the automated, AI-driven identity verification and compliance solutions provider, comes from its new 2024 Online Identity Study , the third instalment of its annual global consumer research.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

Payments Source

JULY 26, 2019

It’s time to take a new approach to ID verification. The price of fraud keeps going up, costing the global economy $41.6 trillion per year. Recognizing the four degrees of fraud is the first step in keeping fraudulent users off your platform. Find out how, read our infographic.

Verification 67

Verification Economy Identity Theft 67

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…. In the U.S., Think again.

Identity Theft 40

Identity Theft Rules Verification Accounts 40

Fintech News

JUNE 6, 2024

The Jumio 2024 Online Identity Survey reveals that 85% of Singaporean consumers are willing to spend more time on identity verification measures when accessing financial services accounts to improve security. The benefits of digital identity verification extend beyond just enhanced security.

Scams 107

Scams Phishing Deepfake Verification 107

PYMNTS

OCTOBER 8, 2018

For Onfido, which verifies individual identities as people wield photo-based ID documents, tackling fraud is a matter of making sure identity documents are genuine. With such methodologies afoot, the traditional models of ID verification fall by the wayside, he told Webster. Come hear about them here.

Identity Theft 71

Identity Theft Verification Database Authentication 71

Fintech Review

JANUARY 21, 2025

Securing Digital Identities Digital identity verification is a cornerstone of fintech services. These technologies ensure that users are who they claim to be, reducing the risk of identity theft. By analysing transaction history and behaviour, AI enhances fraud prevention measures.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

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.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

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

JULY 10, 2024

IDnow , the European identity verification platform provider, is launching two new e-signature solutions, InstantSign and eID eSign, in a move hoping to significantly streamline lengthy signing processes. “InstantSign has been proven to reduce drop-offs and accelerate contract completion.

Security 64

Security Verification Identity Theft AML 64

PYMNTS

NOVEMBER 13, 2020

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. The current law makes it difficult to change a personal identity code.

Breach 69

Breach Laws Identity Theft Data Breach 69

Fintech News

MAY 22, 2024

of respondents lost money to scams or identity theft in the past year, resulting in an estimated US$1 trillion in financial losses. IDVerse (Australia) IDVerse, formerly known as OCR Labs, is an Australian company specializing in identity verification technologies.

Financial Crimes 102

Financial Crimes Crime APACS Risk Assessment 102

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

PYMNTS

AUGUST 5, 2020

Guarding against this method of fraud must therefore represent a top priority for such companies, especially because fraudsters are also using these bots to data scrape personal and financial information from these servers that can be used for identity theft at a later date.

Bots 111

Bots Authentication Identity Theft Void 111

PYMNTS

SEPTEMBER 13, 2018

At the same time, though, the risk of identity theft and fraud is at an all-time high. So, how are financial institutions (FIs) to reconcile the disconnect between the demand for fast, convenient identity verification and the need for strong digital security?

Security 59

Security Identity Theft Authentication Breach 59

Finovate

JUNE 4, 2024

Trulioo will leverage Mastercard’s identity solutions to gain insight into identity and risk scores. Mastercard will tap Trulioo’s global business identity verification services to enhance its Onboard Risk Check product by adding a layer of assurance to merchant and consumer onboarding solutions.

Identity Theft 59

Identity Theft Visa Verification Fraud Prevention 59

The Fintech Times

MAY 21, 2024

million people) are classed as ‘digital ghosts’, lacking sufficient financial records to pass identity verification needed for accessing financial and government services, according to a new report. Legal protections for minors and immigration data also restrict access to verification sources.

Verification 59

Verification Identity Theft Legal Financial Literacy 59

PYMNTS

OCTOBER 13, 2020

The October Digital Identity Tracker ® explores how sellers are adopting biometric-based verification and artificial intelligence (AI) tools to draw in customers and fend off fraudsters. Around The Digital Identity Ecosystem. Public officials intended this initiative to give residents a quick, convenient verification process.

Account Takeovers 69

Account Takeovers Accounts Federal Trade Commission Verification 69

The Paypers

APRIL 29, 2016

(The Paypers) Uber has launched facial recognition verification for drivers in China to counter fraud, prevent identity theft and ensure the safety of its clients.

Verification 28

Verification Identity Theft Fraud Prevention 28

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented. Digital Innovation, Legal implementation.

AML 74

AML Legal Compliance Verification 74

PYMNTS

SEPTEMBER 27, 2018

India’s Supreme Court has upheld the validity of the controversial biometric security identity system Aadhaar, but still put a stop to the government’s move to make it mandatory. This is a fabulous judgment,” said lawyer Kapil Sibal, a member of the opposition Congress party, according to Reuters. “The

Identity Theft 62

Identity Theft Privacy Verification Rules 62

Fi911

SEPTEMBER 27, 2023

It is often referred to as “anti-spoofing” or “liveness verification.” As traditional safeguards like passwords and two-factor authentication fall short, liveness detection adds a crucial, real-time layer to identity verification. Simply put, it is a means to verify biometric signals provided by an individual.

Security 52

Security Identity Theft Verification Authentication 52

The Paypers

OCTOBER 24, 2018

(The Paypers) A Unisys report has revealed the security concerns conducted globally, with identity theft, data privacy and verification as topical matters.

Privacy 37

Privacy Identity Theft Security Verification 37

Clearly Payments

JULY 16, 2024

Medical Identity Theft: Fraudsters use stolen patient information to obtain medical services, prescriptions, or insurance reimbursements. million cases of medical identity theft, resulting in $41 billion in losses. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% In 2023, there were over 2.3

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

OCTOBER 26, 2016

While POS solutions certainly have their place, Intel is encouraging a bigger dialogue around industry-wide standards that can do more than just check the box of PCI compliance to truly help protect consumers against identity theft and payments fraud. to provide additional layers of security.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

AUGUST 20, 2019

Despite their popularity, platforms use weak identity verification and authentication techniques to sign on new users and login returning ones, which puts consumers data and digital identity at risk. Figure 1: Consumers’ satisfaction with select verification or authentication methods. In fact, 76.4 Even so, as much 64.2

Economy 64

Economy Consumer Verification Authentication 64

Segpay

DECEMBER 13, 2024

The Intersection of Data Privacy and Identity Management Source: ID Management Institute Identity management helps authenticate users and makes sure that only authorized individuals can access certain information. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

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

Segpay

FEBRUARY 21, 2024

ID Verification Generative AI plays a crucial role in identity verification by incorporating advanced biometric authentication methods. Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities.

AI 105

AI Innovation Fraud Detection Encryption 105