VISTA InfoSec

AUGUST 22, 2023

This article delves into the intersection of GDPR and biometric data, with a focus on privacy concerns and regulatory compliance requirements. Nevertheless, specific exceptions detailed in Article 9 (2) provide flexibility to this prohibition. Altering or replacing compromised biometric traits is complex.

Privacy 130

Privacy Legal Best Practices Compliance 130

Segpay

NOVEMBER 26, 2024

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Additionally, emerging technologies such as blockchain are being integrated into digital identity verification processes to further secure online transactions.

Verification 111

Verification Identity Theft Due Diligence Money Laundering 111

Segpay

FEBRUARY 21, 2024

Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities. Fraud Detection Generative AI contributes to fraud detection and prevention in KYC processes. This proactive approach strengthens the security measures during customer onboarding, protecting PSPs from financial threats.

AI 105

AI Innovation Fraud Detection Encryption 105

Fi911

MAY 7, 2024

How Do Merchants Avoid Being Added to the Terminated Merchant File?

PCI DSS 105

PCI DSS Processors Compromise Identity Theft 105

Clearly Payments

JULY 16, 2024

This article covers the fraud risks and statistics associated with different industries, exploring the factors contributing to these risks and offering strategies to reduce fraud. Medical Identity Theft: Fraudsters use stolen patient information to obtain medical services, prescriptions, or insurance reimbursements.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Fi911

MARCH 26, 2024

This effectively minimizes the risk of fraud and identity theft, providing peace of mind for both consumers and merchants. In the event of a data breach, the tokens would be of no value to cybercriminals since they cannot be converted back to the original payment details.

PCI DSS 105

PCI DSS Encryption Origination Identity Theft 105

Fi911

JULY 19, 2024

It includes fraudulent transactions, account takeover, and identity theft. Fraud These reason codes are used when the cardholder claims that their card was used without their authorization or knowledge. EMV Liability Shift Counterfeit Fraud 10.2: EMV Liability Shift Non-Counterfeit Fraud 10.3:

Disputes 104

Disputes Duplicate Non-Bank Authorization 104

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. Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 126

Deepfake APACS Scams Authentication 126

FICO

JULY 10, 2020

This is an estimate he shared in a recent American Banker article. I may be biased, but I would suggest checking out my full article on the security of contactless payments. Video: How to Protect Your Children from Identity Theft. according to Mercator Advisory Group Analyst Peter Reville. by TJ Horan.

Contactless Payments 52

Contactless Payments Identity Theft Payments Verification 52

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. The intent is to use stolen money, personal information, or both, to take advantage of both consumers and businesses.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 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! We have published a comprehensive article on the topic. million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Fi911

JANUARY 18, 2024

They demonstrate the diverse methods and strategies employed by fraudsters to exploit individuals and financial institutions for their own gain: Identity Theft A criminal steals an individual’s personal information, such as Social Security number, bank account details, or credit card information, and uses it to impersonate the victim.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

Center for Payments

FEBRUARY 10, 2023

By Madison Howard, Manager, Member Communications, EPCOR Of those who have experienced identity theft, which happens when someone utilizes your personal information to commit fraud, many share that it is an overwhelming and mentally draining experience. Watch your mailbox. If you’re going out of town, request a mail hold with the U.S.

Identity Theft 40

Identity Theft Federal Trade Commission Social Security Credit Cards 40

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” 40% of banking customers say their bank does not protect them from identity theft at all times.

Identity Theft 53

Identity Theft Consulting Research Accounts 53

Segpay

NOVEMBER 30, 2023

Chargeback Management Online gaming often faces a higher risk of chargebacks due to factors like disputes, identity theft, and underage gaming. They help online gaming merchants stay compliant, minimizing the risk of costly legal and regulatory issues. Want to learn more about the online gaming market?

Processors 98

Processors Risk Regulations Identity Theft 98

FICO

APRIL 28, 2021

From the minute the pandemic struck, domain names containing COVID were snapped up; check out this Krebs Security article to see how the spikes in domain registrations and traffic early in the pandemic, as fraudsters quickly began shilling all manner of fake medical goods, from personal protective equipment (PPE) to nebulizers.

Identity Theft 52

Identity Theft Scams Consulting Fraud Prevention 52

Fi911

SEPTEMBER 27, 2023

As traditional safeguards like passwords and two-factor authentication fall short, liveness detection adds a crucial, real-time layer to identity verification. Halting Identity Theft While typical verification methods have their drawbacks, liveness detection takes security up a notch.

Security 52

Security Identity Theft Verification Authentication 52

Payment Savvy

AUGUST 4, 2021

This includes your Articles of Incorporation, bank statements, SS-4 Form, and a copy of your state or federally issued ID. It’s also wise to know who you are submitting items to in order to prevent fraud or identity theft. Documentation is Required. Dial-in Payment Acceptance.

Accounts 52

Accounts Identity Theft Underwriting ACH 52

Segpay

DECEMBER 13, 2024

ID Fraud Risks: With identity data breaches on the rise, organizations face the challenge of protecting sensitive data that could lead to identity theft. By applying strict privacy protections in identity management processes, organizations can reduce their exposure to these risks.

Privacy 105

Privacy Compliance CCPA Authentication 105

Center for Payments

SEPTEMBER 1, 2023

This article explores the benefits of National Preparedness Month as it relates to payments and highlights the steps individuals, businesses, and organizations can take to enhance payment security. In an increasingly digital and interconnected world, ensuring the security and resilience of payment systems is paramount.

Payment Security 40

Payment Security Security Cybersecurity Identity Theft 40

Fi911

OCTOBER 23, 2024

By identifying users who are trying to conceal their IP address, websites can prevent fraudulent activities such as fake account creation, credit card fraud, and identity theft.

Identity Theft 52

Identity Theft Addressing Security Credit Cards 52

BNG Payments

JANUARY 3, 2022

The processing fee pays third parties who perform this service to protect customers from identity theft or credit card fraud. It helps cover costs associated with providing customer service: Even if you never use your credit card, purchasing involves risks like identity theft or fraud.

Process 52

Process Credit Cards Identity Theft Debit Card 52

Nanonets

JANUARY 29, 2024

  In this article, we guide you through the credit card reconciliation process in QuickBooks, addressing common issues and providing useful tips to streamline the procedure. This can be quite time-consuming, so we have included some tips to simplify this at the end of the article.

Reconciliation 52

Reconciliation Credit Cards Duplicate Automation 52

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Read this article on what is a good chargeback rate. Chargeback Risk: Chargebacks occur when customers dispute a transaction and request a refund directly from their bank.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Clearly Payments

MARCH 4, 2024

In this article, we’ll delve into these events, examining their impact on the financial industry and highlighting the measures taken to prevent future occurrences. In this article, we’ll explore some of the most notable fraud events in payments and overall finance.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. That’s why many often turn to third-party providers for help.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FICO

AUGUST 6, 2018

This is especially true if they feel they have been victims of personal identity theft. Read our post on Three Things an Identity Fraud Platform Needs ) Over 50% of those aged over 55 would close all accounts with that provider, compared to just 25% of 18-24 year olds. Want More Detailed Statistics?

Security 45

Security Identity Theft Accounts Financial Crimes 45

Stax

NOVEMBER 27, 2023

From EDD and eKYC to AML to CDD, we’re going to cover everything you need to know about KYC in this article. TL;DR Know Your Customer, or KYC, is the process of ensuring that companies can verify their (current or potential) customers’ identities and their financial profiles.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

Stax

JULY 16, 2024

Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. In this article, we’ll discuss why your business needs to ensure PCI compliance and what the 12 PCI DSS v4.0 security requirements are.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

Stax

APRIL 30, 2024

In this article, we’ll learn about the different types of merchant processing and how they work, and also look at a list of the top merchant processing companies. Extensive library of support articles and self-help guides to simplify setup. Features: Payment processing for all channels, including email and social media.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

FICO

SEPTEMBER 8, 2022

Asian consumers are also becoming more aware of the efforts banks are making to protect them against crimes such as identity theft, account takeover and card fraud. Read an article from Malaysia’s Star newspaper on why fraud protection is crucial to consumers. Balancing Strong Fraud Protection with Convenience.

Posting 52

Posting Real Time Payments Scams Push-to-Card 52

Stax

AUGUST 20, 2024

In this article, we’re going to look at what embedded finance and embedded fintech are, the different types, their advantages, challenges, and future opportunities. This helps determine who is responsible for addressing any data privacy concerns and avoiding cyber-attacks and identity theft.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

Seon

JANUARY 29, 2024

It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it. In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Phishing 52

Nanonets

SEPTEMBER 17, 2024

  In this article, we’ll explore the world of fake bank statements and learn how to spot them. Fraud detection: A periodic review of bank statements can help financial institutions detect unauthorized transactions, fraud, and identity theft early.

Fraud Detection 52

Fraud Detection Online and Mobile Banking Verification AI 52

Seon

JUNE 15, 2023

Accordingly, BEC is not just limited to account takeovers and identity theft, but can also be a means for fraudsters to become imposters looking to subject the target company to further data breaches. Fraudsters may do this by impersonating the organization’s CEO (check out the CEO fraud section below to learn more about this).

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

FICO

MAY 19, 2020

A number of articles have already been published showing this is already happening. 5) Top 5 Fraud Manager Considerations During COVID-19: A rise in application fraud and identity theft. This will result in more cases of account takeover during this time and for months ahead.

Account Takeovers 52

Account Takeovers Identity Theft Scams Online and Mobile Banking 52