Stax

MARCH 4, 2024

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Business Email Compromise scams continue to grow and steal more corporate money than ever before. Compare that to ransomware, which made up just 11 percent.

Ransomware

PYMNTS

APRIL 9, 2020

Meanwhile, fraud continues to evolve; fraudsters have varied the program and brought bot armies, password spraying schemes, phishing scams and a host of other techniques to harvest good consumer information — and then leverage it to take over those consumer accounts. “If

Account Takeovers

FICO

JULY 1, 2022

And we all became a little more jumpy, I’d say, especially upon hearing anecdotes like this: When Debbie kicked off the session by asking panelists to identify the most “interesting” fraud development they’d seen during the pandemic, Ulisses said that in Brazil, it was “the fake moto boy scam.”. If there’s a breach, that’s a problem.

Financial Crimes

PYMNTS

MAY 2, 2017

First, it was all about the bots on Messenger and AR/VR at F8. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $100 million business email compromise scam. Additionally, research from Trend Micro found $1 billion total losses worldwide in 2016 due to BEC scams.

Business Email Compromise

PYMNTS

JUNE 11, 2020

NS8 looks at advertising campaigns and determines which ones are bots unjustly eating up space and money. The company uses over 170 factors to determine if order fraud is taking place, the press release says, and the sophistication behind the methods allow merchants to continue doing business even while the detection process is ongoing.

Fraud Detection

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. As mentioned earlier, when a virtual credit card is compromised, it can lead to a greater threat of compromised cybersecurity – as opposed to someone just leaving their physical bank card in the reach of a thief.

Credit Cards

FICO

DECEMBER 5, 2022

These experiences occur across multiple channels: mobile, desktop, bot-assisted chat, social media, automated phone management, and in-branch. . An enthusiastic blogger, Sarah has blogged about subjects as diverse as identity management, fraud and cybersecurity, payments, women in the workplace and motivational sayings that are irritating!

Online and Mobile Banking

CB Insights

JUNE 17, 2020

Distributed cybersecurity. While the vast majority of retail and banking chatbots are customer-facing, JPMorgan has been pushing the boundaries of what bots can accomplish in its back-end operations. Even before the Covid-19 pandemic, an increasing amount of capital was being devoted to cybersecurity. Distributed cybersecurity.

Posting

PYMNTS

DECEMBER 16, 2020

More than $134 million was lost to such scams in 2019, according to the Federal Trade Commission (FTC), while $117 million was lost to them during the first half of 2020 alone. Such schemes entail fraudsters falsely advertising offers from restaurants on social media, then duping victims into paying for them and absconding with the funds.

Bots