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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. And the data from January 2023 is already trending at nearly 10x increase over 2022.

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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

The company most recently demoed its technology at FinovateSpring 2022 in San Francisco. ISO 20022 refers to a new message format that will be adopted by the Fedwire Funds Service on July 14, 2025, four months later than the initial deadline of March 10 established in June 2022. Finzly is a two-time Finovate Best of Show award winner.

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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

4.0 , was released on March 31, 2022, introducing enhanced security measures to address evolving cyber threats. million accounts were leaked witnessing a 388% increase in compromised user accounts. Regular monitoring and testing of networks: Performing routine security assessments. The latest version PCI DSS v.4.0

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Thunes-Backed Regtech Firm Tookitaki Secures Funding for Asia Expansion

Fintech News

Both platforms utilise federated learning, allowing for shared insights without compromising data privacy. ” Global cross-border payments firm Thunes holds a majority stake in Tookitaki following an investment of over US$20 million in 2022.

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Finance AI Chatbots for Businesses

The Finance Weekly

These chatbots are popular in the finance sector because they improve customer service, enhance operational efficiency, and scale interactions without compromising quality. billion in 2022 and is expected to grow to $15.5 Why Are Finance AI Chatbots Important for Businesses? billion by 2028.

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Card Skimming Fraud Grows 700+% in First Half of 2022. Tue, 08/16/2022 - 11:10. At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams. We do that by monitoring and reporting on compromised ATM and debit locations in the U.S., Darcy Sullivan.

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What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?