Remove 2022 Remove Compromise Remove Identity Theft
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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

A brief introduction to PCI DSS PCI DSS is a global data security framework that protects businesses handling cardholder data (CHD) from data breaches, fraud, and identity theft. 4.0 , was released on March 31, 2022, introducing enhanced security measures to address evolving cyber threats. The latest version PCI DSS v.4.0

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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

UK card fraud alone reached £396 million in 2022, with friendly fraud responsible for most chargebacks. million cases reported in 2022 and resulting in losses of £396 million. billion in return-based fraud in 2022. The scale of the threat Fraud in digital commerce is no longer a marginal loss—it is a systemic, expanding threat.

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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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Study Shows Alarming Rise in Smartphone Identity Theft Among UK Consumers

The Fintech Times

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. The study reveals that one in five respondents experienced compromised personal bank accounts through unauthorised access via mobile banking apps.

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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 Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

That’s 10 more malware families than in 2022 during which the study identified 19 banking malware families targeting 1,400 mobile apps. It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites.