PYMNTS

MARCH 18, 2020

Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty points. Digital And Analog Fraud Prevention.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

Fintech News

JUNE 6, 2024

Strengthening Defences: Banks’ Strategies to Combat Scams and Fraud To combat this growing threat, banks in ASEAN are implementing a range of measures to strengthen their defences against scams and fraud.

Scams 109

Scams Phishing Deepfake Verification 109

PYMNTS

OCTOBER 26, 2018

Maeder, co-founder of the Loyalty Fraud Prevention Association , a group that offers resources, information and best practices to companies with loyalty programs, digital fraudsters have been using account takeovers (ATOs) to target these offerings. According to Peter R.

Fraud Prevention 57

Fraud Prevention Account Takeovers Accounts Authentication 57

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. Developments From Around The World Of Digital Fraud. is facing fraud problems as well.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

JULY 21, 2020

The CRI aims to create cybersecurity standards and strategies by promoting a common language for cybersecurity risk assessments, and also plans to develop a new list of cybersecurity guidelines and best practices for FIs to follow. How Radius Bank Leverages Cooperative Threat Intelligence For Fraud Prevention.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

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. We know neobank risk teams must stay aware of evolving threats and take an active approach to closing those routes to fraud.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

MARCH 30, 2016

This cloud-based, real-time identity verification tool also helps validate returning customers/prospects; it also protects transactions types, including account creation, login authentication and payment authorization. It is also used to prevent account takeover, payment fraud, identity spoofing, malware and data breaches.

Account Takeovers 41

Account Takeovers Fraud Detection Fraud Prevention Best Practices 41

FICO

JULY 30, 2019

In part, this is due to the ever-changing nature of fraud. Whilst the scorecard approach is tried and tested for fraud prevention, the time required to develop the score means by the time it is operationalised the fraud MO has changed, leaving the scorecard less effective than it could be.

Account Takeovers 52

Account Takeovers Fraud Prevention Credit Risk Non-Bank 52

Seon

JUNE 15, 2023

Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. A BEC attack is when a fraudster gains unauthorized access to a business’s account. What Is a Business Email Compromise Attack?

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

FICO

JUNE 26, 2018

Key action points include: An education programme aimed at business leaders – this has already begun with a letter to CEO’s endorsing the UK Finance code of best practice. This is a driver for banks to take a more holistic approach to fraud prevention, one that works across channels, payment mechanisms and the customer lifecycle.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Irrevocability 63

Nanonets

MAY 31, 2023

Common examples of external payment fraud include: Impersonation: Fraudsters pose as legitimate customers or vendors to deceive organizations into making unauthorized payments. Account Takeover: Criminals gain unauthorized access to customer accounts, allowing them to make fraudulent transactions or transfer funds.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

Seon

JULY 27, 2023

Revise your fraud prevention strategy. Even if your fraud prevention strategy has so far been effective for your bank, remember that the implications for fraud will be different after FedNow has entered the scene. How Can Retailers Prepare for It?

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

The Payments Association

JANUARY 14, 2025

The industry must collaborate on fraud prevention, enhance data sharing, and align regulatory frameworks with innovation. On the 19th of November in London, The Payments Association hosted a workshop as part of its Financial Crime 360 conference, focusing on a newly-emerging but pressing topic of fraud within open banking.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88