VISTA InfoSec

MAY 12, 2024

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

PYMNTS

FEBRUARY 13, 2020

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

PYMNTS

OCTOBER 2, 2017

It was a team of cybersecurity researchers from the firm ERPScan, and not malicious hackers, who discovered that point-of-sale (POS) systems made by SAP had a gaping loophole. The nationwide lawsuit represents the interests of one billion users, all of whom face the risk of future identity theft thanks to the Yahoo breach.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

VISTA InfoSec

JUNE 21, 2023

Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. You can also include links to up-to-date information on identity theft if appropriate.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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

Fi911

AUGUST 15, 2023

She emphasized the need for businesses to put layered solutions in place to verify and authenticate any data being introduced into their systems. Balance is Needed It is vital for businesses and financial institutions to calibrate the equilibrium between user authentication and transaction friction. appeared first on fi911blog.

Identity Theft 52

Identity Theft Bots AI Authentication 52

Segpay

FEBRUARY 21, 2024

Biometric Authentication: Integrating generative AI in digital payments extends to biometric authentication methods, such as facial recognition and fingerprint scanning. Biometric authentication not only enhances security but also simplifies the user experience.

AI 105

AI Innovation Fraud Detection Encryption 105

Fintech News

APRIL 22, 2024

The consequences of such attacks are severe, leading to financial losses, identity theft, and reputational damage for both users and financial institutions. It analyses the authenticity of apps, and allows businesses to flag or block suspicious links or messages, preventing users from falling victim to these deceptive tactics.

Phishing 121

Phishing Security Blocks Cybersecurity 121

PYMNTS

SEPTEMBER 10, 2019

Since the days of desktop computing there has been an arms race between cybercriminals and cybersecurity teams. The problems with identity theft and account takeover (ATO) fraud are real and seriously need to be addressed. Phone companies, to bill consumers, need a high level of security around authentication.

Consumer Authentication 59

Consumer Authentication Authentication Consumer Identity Theft 59

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

The Payments Association

NOVEMBER 20, 2024

From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. AI isn’t just a buzzword in cybersecurity. Finally, AI tools also have applications in identity verification.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

Fintech News

MARCH 25, 2024

This growth suggests that threat actors continued to invest in new methods to target mobile banking apps, developing new tools and techniques to execute fraudulent transactions, steal funds and commit identity theft , the report says. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 122

Mobile Banking Online and Mobile Banking Identity Theft Credential 122

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

APRIL 6, 2017

By solving the identity problem and centering the ecosystem around the individual and not the enterprise, Hall said it can create silos of people being in charge of their own data and authenticating themselves in a trusted way. When people use “multi-factor authentication,” it can often mean different things.

Authentication 48

Authentication Verification Credential Data Breach 48

CB Insights

MARCH 4, 2021

As companies continue to transition to the cloud, cybersecurity remains a major concern amid growing cyber losses. However, companies have spent far less on cyber insurance than on cybersecurity as a form of cyber risk management. First name. Company name. Phone number.

Cybersecurity 74

Cybersecurity Underwriting Identity Theft Wire Transfer 74

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

SEPTEMBER 13, 2016

In this live digital discussion on cross-border transactions, a panel of cybersecurity experts from ThreatMetrix and Karen Webster, CEO of MPD, will focus on new ways to authenticate customers transparently and pinpoint cybercriminal activity before it enters the business.

Identity Theft 76

Identity Theft Cross-Border Best Practices Advisors 76

PYMNTS

MAY 17, 2016

Whether we like it or not, fraud and identity theft play a significant role in the payments ecosystem. However, it’s clear that new technologies in the security space, such as those related to biometrics and authentication, are doing their best to combat the ever-growing fraud threat.

Identity Theft 40

Identity Theft EMV Authentication Payments 40

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected. The post 72% of Consumers Worry About Becoming a Victim of Fraud Due to Deepfakes, Jumio Finds appeared first on The Fintech Times.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

OCTOBER 30, 2017

According to John Krebs, manager of the identity theft program at the Federal Trade Commission (FTC), the situation between the good guys who are trying to protect the systems and the bad guys who are trying to break into and exploit them will always be very asymmetrical. That is harder to unwind,” said Krebs.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

PYMNTS

DECEMBER 16, 2018

While it is well-known in the industry for what AG Underwood said is years, the companies failed to properly authenticate the certificates they received. Armed with that information, the hacker could engage in nefarious activities such as identity theft and credit card fraud, the AG said.

Security 55

Security Identity Theft Settlement Encryption 55

Stax

JULY 16, 2024

As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

Center for Payments

SEPTEMBER 1, 2023

Strengthened Cybersecurity One of the critical aspects of payment preparedness is bolstering cybersecurity measures. National Preparedness Month serves as an opportunity to reinforce cybersecurity practices, such as implementing strong authentication protocols, regularly updating software and systems, and conducting security audits.

Payment Security 40

Payment Security Security Cybersecurity Identity Theft 40

FICO

DECEMBER 13, 2022

Our survey data shows, that even a little too much friction in the process, especially relating to identity checks, dissuades many customers from completing an originations process. However, this aversion to badly thought-out identity checks extends to use of existing accounts. Authenticate at the Right Time. See all Posts.

Security 52

Security Account Takeovers Authentication Payee 52

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. The growth in digital payment fraud comes as activity has moved away from card-present transactions in an ecosystem protected by EMV authentication standards.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

Finovate

APRIL 11, 2024

Additionally, the combination of Mitek’s check image analysis and DataVisor’s analysis of check and customer lifecycle data will enable users to detect a wide variety of check fraud tactics including check kiting, remote deposit capture fraud, check washing, counterfeit checks, and identity theft. Today, 99% of U.S.

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

PYMNTS

FEBRUARY 21, 2020

More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. Sellers must therefore put robust cybersecurity protections in place to foil such cyberattacks. Detecting Fraudsters.

B2B 61

B2B Scams Credential B2C 61

PYMNTS

MAY 5, 2020

It’s key to emphasize the importance of authentication” as so much activity moves online, said Quevedo. Connected intelligence can also go a long way in battling the fraudsters, as they seek to siphon off funds from banks and account holders, or trick merchants and issuers through the dispute process.

Disputes 83

Disputes Issuers Visa Identity Theft 83

FICO

DECEMBER 5, 2022

million identity theft reports filed in 2021, many of which relate back to banks and lenders. For example, using email or text verification for identity authentication is typically not secure, yet many customers still prefer these methods for the same reasons that made them popular from the start - they are quick and easy to use.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52

PYMNTS

JUNE 22, 2020

company that develops technology to stop identity theft, has announced it will have a public offering of 1.5 Intellicheck , the Melville, N.Y., million shares of stock sold at $6.50 per share. . As part of the offering, Intellicheck has granted the underwriter a 30-day option to purchase up to an additional 230,769 shares.

Regulatory Compliance 60

Regulatory Compliance Identity Theft Fraud Prevention Shutdown 60

PYMNTS

JANUARY 27, 2017

The SEC will investigate whether Yahoo’s disclosures about the cyberattacks aligned with civil securities laws that require firms to disclose cybersecurity issues at the point they become of material interest to investors. Yahoo disclosed a breach of 500 million users’ data in Sept. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

MAY 13, 2016

It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”. The assistant can also provide extended authentication and serve as a password manager.

CHIPS 40

CHIPS Chip Cards Online and Mobile Banking Identity Theft 40

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

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. Account Takeover Fraud Prevention Preventing account takeover (ATO) fraud poses a unique risk management challenge as it requires collaboration between your business, users, and cybersecurity team.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Phishing 52

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. Some of these mechanisms include advanced machine learning algorithms, real-time transaction monitoring, and multi-factor authentication. They always seem to adapt and evolve their techniques even when security measures are in place.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88