Fintech Finance

AUGUST 28, 2024

However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft. report falling victim to online identity theft, with two in five reporting that an incident resulted in accounts being opened in their name.

Identity Theft 105

Identity Theft Online and Mobile Banking Consumer Payments Trends 105

Cardfellow

JUNE 25, 2025

You have to pay the chargeback fee even if the cardholder’s claim is rejected, and even if the chargeback is a result of fraud or identity theft. Use Address Verification Service (AVS) Consider using the Address Verification Service anti-fraud tool. This fee can range from $15 — 40.

Disputes 98

Disputes Credit Cards Card Association Acquirers 98

Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

Identity Theft 77

Identity Theft Data Breach Breach Privacy 77

Fintech News

DECEMBER 17, 2024

The new offering aims to address the rising fraud risks in digital asset transactions. Revoluts move comes as crypto fraud, including phishing attacks and identity theft, becomes more sophisticated. The platform, tested over a 12-month pilot, reportedly reduced fraud attempts by 50% for participating users.

Transactions 113

Transactions Identity Theft Security Phishing 113

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? Just yesterday, I received an anxious phone call from my neighbor asking what she should do to protect herself. But why did I suggest this service to my neighbor?

Identity Theft 40

Identity Theft Credit Cards Data Breach Account Takeovers 40

Fintech Review

APRIL 20, 2025

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. Key Technologies in Cybertech The landscape includes a wide range of solutions, each addressing a different part of the threat environment. What Is Cybertech?

Finance 59

Finance Security Fraud Detection Encryption 59

Fintech Review

JANUARY 21, 2025

When a threat is detected, AI can isolate affected systems, block malicious IP addresses, and prevent the spread of malware. These technologies ensure that users are who they claim to be, reducing the risk of identity theft. Addressing these challenges is essential for maximising the benefits of AI.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

Payments Source

OCTOBER 3, 2017

Credit bureaus can address identity theft by advancing the robustness of their security processes and abandoning outdated systems that rely on our personal information, writes Jason Brvenik, Chief Technology Officer for NSS Labs.

Identity Theft 63

Identity Theft Breach Addressing Process 63

PYMNTS

NOVEMBER 12, 2018

In the letter sent to affected individuals , CMS said that some of the information that was accessible included name, date of birth, address, the last four digits of social security numbers, tax filing status, expected income among a slew of other information.

Identity Theft 71

Identity Theft Consumer Data Breach Breach 71

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. Yet, how can banks protect against identity theft and application fraud with so many details compromised? Inverting the Fraud Approach.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

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….

Identity Theft 40

Identity Theft Rules Verification Accounts 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. Warding against this by leveraging authentication tools is thus proving to be essential during the pandemic.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

PYMNTS

MARCH 26, 2016

Treasury checks, which were delivered to several addresses in Montgomery, including Huff’s residence. Huff then sold the information to her co-conspirator James Vernon Battle, who allegedly filed 335 fraudulent tax returns and claimed over $400,000 from the Internal Revenue Service (IRS) in the form of prepaid debit cards and U.S.

Identity Theft 56

Identity Theft Treasury Checks Debit Card IRS 56

PYMNTS

MAY 19, 2020

The leaked information includes name, mother’s maiden name, date of birth, nationality, gender, username and nicknames, recent purchases, phone number, and email and home addresses. The company then contacted Amazon, which asked Natura & Co. to secure the two servers, The Hacker News reported.

Identity Theft 93

Identity Theft Payment APIs and Integration Payment-Related Information Phishing 93

The Payments Association

JUNE 11, 2025

Understanding and addressing the complex fraud ecosystem is now essential for UK platforms operating in an increasingly hostile digital environment. It's crucial to focus on prevention before transactions and address friendly fraud abuse through streamlined, single-platform solutions that transform fraud prevention into a growth enabler."

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Synapse Payment Systems

NOVEMBER 9, 2022

If a person falls victim to identity theft or fraud, chargebacks provide a simple way to dispute purchases they didn’t make and recover their money. Include the customer service phone number and email address on your website or in your business location. Yet many customers initiate chargebacks for other reasons.

Disputes 130

Disputes Card Issuer Payments Returns 130

The Fintech Times

MAY 17, 2024

Sixty per cent of consumers want more governmental regulation of AI to address these issues. It’s essential that businesses and consumers collaborate to enhance digital security measures to effectively prevent identity fraud.” Sixty per cent of consumers want more governmental regulation of AI to address these issues.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

PYMNTS

JANUARY 2, 2019

The identity theft firm 4iQ did a study last year about password use and found that almost half of the study respondents reused their passwords over multiple sites. Warby Parker said that is what happened with this breach. While companies are trying to fight the problem, the password issue can exacerbate it.

Cybersecurity 74

Cybersecurity Accounts Identity Theft Law Enforcement 74

Stax

NOVEMBER 11, 2024

Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. Beyond the inconvenience of mailing a paper check, there is an increased risk of identity theft.

ACH 88

ACH Checks Identity Theft Payments 88

PYMNTS

SEPTEMBER 11, 2017

According to Equifax, the impacted information includes names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers. consumers, putting them at risk of identity theft. The company also reported that 209,000 U.S. and Canadian residents.

Database 66

Database Breach Identity Theft Data Breach 66

PYMNTS

OCTOBER 25, 2016

LifeLock, the identity theft protection company, launched Monday (Oct. According to a report , the new mobile app, dubbed Identity, aims to give consumers one place where they can view all of their online accounts of different credit cards and update those accounts when there is new information, such as a new address or phone number.

Credit Cards 65

Credit Cards Accounts Identity Theft Credential 65

PYMNTS

MARCH 7, 2018

The new cards are being issued to protect consumers from identity theft. The cards will be sent to the address on file with the Social Security Administration. The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month.

FTC 49

FTC Scams Identity Theft Federal Trade Commission 49

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Synthetic Fraud Synthetic fraud occurs when criminals create fictitious identities by combining real and fake information, such as using a real Social Security Number with a fake name and address.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

PYMNTS

APRIL 5, 2018

The company explained that malicious hackers harvested email addresses and phone numbers on the “Dark Web,” where criminals post stolen information. This type of personal information is a key part of identity theft and other malicious online activity. We built this feature, and it’s very useful.

Identity Theft 68

Identity Theft Privacy Blocks Scams 68

Fi911

MAY 7, 2024

Best practices for merchants include addressing concerns from processors or acquiring banks promptly, strengthening their data security measures, devising strategies for chargeback prevention, and managing chargeback risk effectively. How Do Merchants Avoid Being Added to the Terminated Merchant File?

PCI DSS 105

PCI DSS Processors Compromise Identity Theft 105

VISTA InfoSec

JULY 5, 2023

With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! Regularly test and assess network vulnerabilities to identify and address any weaknesses. million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

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. This is especially true now that consumers expect digital onboarding platforms to approve their accounts and identities in a matter of minutes.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

DECEMBER 20, 2018

The men, Zhu Hua and Zhang Shilong, are accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft. 20) that directly address the hacking situation. The United States Department of Justice announced on Thursday (Dec. Navy, CNBC reported. The men are at large.

Identity Theft 65

Identity Theft Wires Wire Governance 65

PYMNTS

APRIL 30, 2019

Not only does the data on the 24 GB database include people’s full names, street addresses, marital statuses, dates of birth, income brackets, home ownership statuses and more, but the researchers don’t know who the database belongs to, since it was hosted on a cloud server. Everyone in the database is over the age of 40.

Database 49

Database Identity Theft Breach Phishing 49

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Legal Compliance Best Practices 130

PYMNTS

DECEMBER 20, 2019

Wawa is getting in touch with customers and offering free credit card monitoring, as well as identity theft protection, to anyone who has been affected. The cyber thief got users’ names, billing addresses, phone numbers, account numbers and plan information. Fuel payments and in-store purchases were affected, but not ATMs.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

SEPTEMBER 13, 2018

At the same time, though, the risk of identity theft and fraud is at an all-time high. Additional findings in the report include: Forty-seven percent of consumers must submit their email addresses to access existing accounts. Fifty-four percent of consumers aged 25 to 34 prefer fast authentication processes.

Security 59

Security Identity Theft Authentication Breach 59

Fintech News

JUNE 6, 2024

A robust cybersecurity approach should include consumer education and sophisticated technology to address the complex threats posed by cybercriminals,” said Frederic. The benefits of digital identity verification extend beyond just enhanced security.

Scams 109

Scams Phishing Deepfake Verification 109

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. This type of fraud prevention relies on “identifying anomalies compared to normal behavior,” he said.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

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

SEPTEMBER 4, 2017

The files, according to the report, included information such as transaction ID, user names, MAC addresses, account numbers and serial numbers. All plaintiffs have alleged a risk of future identity theft, in addition to loss of value of their personal identification information,” the judge wrote, according to The New York Post.

Identity Theft 43

Identity Theft Data Breach Breach Cybersecurity 43

PYMNTS

JUNE 22, 2020

In an interview with Karen Webster, Melyssa Barrett , vice president of identity and risk products at Visa, said the score leverages advanced technologies such as AI and machine learning to predict application fraud. If not, are they a victim of identity theft?” Barrett explained.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77