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Cybercrime Is Surging Across APAC Yet Defences Remain Fragmented

Fintech News

The report also shows fraud is increasingly driven by people rather than bots. Fraudsters are exploiting weaknesses in identity checks, authentication layers and outdated digital know your customer (KYC) systems. Both sectors also reported higher levels of bot-driven activity. Download the APAC Cybercrime Report here.

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Banking Bots: The Good, The Bad And The Ugly

PYMNTS

The March edition of the Digital Fraud Tracker® explores recent developments, including the use of AI and ML to fight application fraud, the importance of separating good bots from bad bots, and the potential impact of the new coronavirus on the cybersecurity industry. Axos Bank on How to Separate the Good Bots From the Bad.

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Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats

PYMNTS

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Oversight And Authentication. percent of U.S.

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Using AI And Biometrics To Digitize Estate Planning

PYMNTS

New York-based Fenergo is just one example: the firm is deploying what it calls Paycheck Protection Program (PPP) bots to collect and sort application data and coordinate it with financial institutions’ (FIs’) native loan application processes. For more on these and other digital identity news items, download this month’s Tracker.

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Global Holiday Season Spending Expected to Grow by 16% in 2024, BNPL Surges While Synthetic Identity Fraud Emerges as Top Threat

Fintech Finance

ACI’s annual Unwrapping Checkout Trends report provides merchants and acquirers with essential insights on payment trends, spending and fraud predictions, and actionable ways to maximize secure and authentic conversions. ” Key report insights at a glance Payment trends (H1 2024 vs. .

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Bitcoin Daily: Seagate Teams With IBM For Blockchain Project, Malware Puts Its Mark On Crypto Exchanges

PYMNTS

Bruce Anderson, an executive with IBM, was quoted in the report as saying, “Blockchain technology can be extremely effective in confirming provenance and authenticity of assets. According to researchers, this technique consists in using advertisements to mislead the user into downloading manipulated software.)

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Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

Some of the most common tactics include phishing emails or impersonation scams, with some bad actors harnessing bots to reach thousands of consumers at once with these schemes. For more on these and other digital fraud news items, download this month’s Tracker. A survey found that 92 percent of U.S.