article thumbnail

Could September 23 Be A Hacker Holiday?

PYMNTS

In 2009, it was 14 percent higher than levels seen the previous year. Here’s a preview: When the United Kingdom introduced faster payments in 2008, there was a 132 percent spike in fraud as cybercriminals tried to take advantage of the reduced time frame, according to Rojas.

article thumbnail

Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

In 2009, it was 14 percent higher than levels seen the previous year. When the United Kingdom introduced Faster Payments in 2008, there was a 132 percent spike in fraud as cybercriminals tried to take advantage of the reduced timeframe, according to Rojas.