Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Segpay

OCTOBER 22, 2024

High-profile data breaches have made the risks of storing user IDs clear, with victims suffering from identity theft and financial loss. How Blockchain-Based Age Verification Works After an initial identity check by a trusted authority, the user’s age is securely encrypted and stored on the blockchain.

Verification 105

Verification Blockchain Privacy Encryption 105

PYMNTS

OCTOBER 8, 2018

For Onfido, which verifies individual identities as people wield photo-based ID documents, tackling fraud is a matter of making sure identity documents are genuine. The problem is that the data has been compromised,” said Trilli. Think of it as “checking up on the checking up” during the KYC endeavor.

Identity Theft 71

Identity Theft Verification Database Authentication 71

FICO

MAY 15, 2018

As a drumbeat of data breaches becomes the new reality — 42% of organizations breached in 2017 were breached in the past — it’s easy for consumers to throw up their hands and brace themselves for becoming a victim of identity theft or other financial crime. Check yourself before you wreck yourself.

IRS 63

IRS Data Breach Identity Theft Breach 63

PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace. Fraudsters are getting smarter.

Accounts 62

Accounts Email Compromise Same Day ACH Compromise 62

PYMNTS

JUNE 3, 2020

Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle. Check out our infographic to learn more about the continuing #evolution in fraud trends & how you can protect your firm from potential risks #fincrime #fintech #AML pic.twitter.com/dJbSqTgL0D. NICE Actimize (@NICE_Actimize) June 1, 2020.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

FICO

AUGUST 16, 2022

Once a customer has used a compromised card reader, the fraudster can download or wirelessly transfer the card details and the video of the PIN being typed, giving them complete access to the account. One of the most insidious aspects of skimming fraud is that a transaction at a compromised location usually goes through without a hitch.

Compromise 52

Compromise Push-to-Card Romance Scams ATM 52

FICO

AUGUST 2, 2018

In the last year, FICO have observed an increasing number of brute force application fraud attacks – an identity-based threat vector. The increase in third-party fraud, also known as identity theft, is primarily driven by cyber breach events that compromise personally identifiable information (PII). Want to learn more?

Identity Theft 40

Identity Theft Chip Cards EMV CHIPS 40

PYMNTS

OCTOBER 2, 2017

These white hat hackers found that the system did not authenticate or check internal commands, so anyone with access to the store’s network could wreak havoc with prices at the checkout, including setting discounts, capturing card data or even remotely starting or shutting down the terminal. EDGAR Database.

Cybersecurity 76

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

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? If you get an email with a link, check it out, and don’t click it until you’re sure. FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 40

Exact Payments

JULY 1, 2024

which includes security enhancements such as enforcing “forward secrecy” to prevent the compromise of encryption keys between the server and clients. Even if a server’s key is compromised, past communications remain secure because the session keys cannot be retroactively decrypted. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? If you get an email with a link, check it out, and don’t click it until you’re sure. FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 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. Customers Prefer Biometric Security.

Security 52

Security Account Takeovers Authentication Payee 52

FICO

APRIL 16, 2019

Engaging customers with an automated SMS or call to check if a transaction is genuine, while they are still at the register, engages them in the protection of their account and can have a positive influence on their impression of the bank”. Stopping Fraud - Identity Theft. of compromised records worldwide.

APACS 40

APACS Identity Theft Compromise Blocks 40

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. ” Fighting The Phishermen. Known Unknowns.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

FICO

FEBRUARY 28, 2018

Instead of coding up and alerting on known patterns of how fraud operates, machine learning analytics are sensitive to the complex, multi-variate attributes that predict fraud – whether it’s payments fraud, application fraud, account takeover, mass card compromise, or more. fraud and non-fraud) examples. ELI5: How Does the Dark Web Work?

AI 69

AI Best Practices Identity Theft Account Takeovers 69

PYMNTS

DECEMBER 23, 2019

In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one. The deceased and underaged are favored targets of those building synthetic identities.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

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

Stax

JULY 9, 2024

TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. To fortify customer verification processes, especially for high-risk transactions, merchants can conduct manual reviews, verification calls, and additional documentation checks.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Nanonets

SEPTEMBER 28, 2023

It is a system of transferring money from one bank account to another without the use of paper checks, or cash. When you make an EFT payment, the funds are transferred directly from your bank account to the recipient's bank account - there's no need to worry about carrying cash or checks. Check with your bank for specifics.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

It is a system of transferring money from one bank account to another without the use of paper checks, or cash. When you make an EFT payment, the funds are transferred directly from your bank account to the recipient's bank account - there's no need to worry about carrying cash or checks. Check with your bank for specifics.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Stax

AUGUST 20, 2024

In embedded banking, non-financial businesses offer their customers a wide range of banking services, such as branded checking accounts for holding funds and making payments. Financial institutions and their partners must have data security standards in place to avoid getting compromised.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

FICO

JULY 6, 2023

How FICO Helps Your Enterprise Fraud Management Strategy Check out the recent FICO World 2023 fraud presentations Explore FICO’s award-winning Retail Banking model 3.0 Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.

Demand Deposit Account (DDA) 52

Demand Deposit Account (DDA) Scams Real Time Payments AI 52

Seon

JUNE 21, 2023

Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made. Other digital payment service users : Fraudsters may also target a cardholder’s mobile wallet app and/or full-service neobank account.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

FICO

APRIL 20, 2023

Despite these important differences, more than half (56%) of consumers believe RTP are more secure than credit card transactions and three-quarters feel RTP processes include sufficient security checks. Debbie is responsible for the products’ strategic direction and enabling enterprise use cases across a global client base.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

Nanonets

MAY 31, 2023

million individuals in the United States fell victim to identity theft in 2021. Compromised Employees: Internal employees willingly or unwittingly collude with external fraudsters to execute payment fraud schemes, leveraging their knowledge and access to circumvent controls.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

PYMNTS

MARCH 29, 2018

Every attack means compromised data, and compromised data means an opportunity for fraudsters to use that information to commit fraud. Automated solutions can work to verify both company and user identities by running new customers through a layered, real-time KYC check. As it turns out, these breaches are expensive.

Authentication 43

Authentication Risk Compliance Database 43

PYMNTS

AUGUST 21, 2018

He said, “As an individual, you have to assume your data is already compromised,” so much so that all identity proofing solutions that rely on static knowledge about a person have been rendered invalid. As Pointner said, “There is not enough understanding yet about how tough it can get when, really, someone compromises your data.”.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

JUNE 21, 2019

It was then revealed that the check was not deposited into the company’s bank account, but routed into a Maryland account owned by NRA CFO Wilson H. As much as two-thirds of SMBs have been targeted by fake email ploys, while 80 percent self-employed individuals, micro-businesses and small businesses are concerned about identity theft.

Governance 43

Governance Government Scams Ransomware 43

M2P Fintech

APRIL 29, 2025

Rise in Fraud & Delinquency – Fraudulent activities, including identity theft and misuse of loan funds, significantly threaten the financial stability of both microfinance institutions (MFIs) and their clients. Built-in eKYC, Aadhaar authentication, and Family CCIR checks. Improved credit profiling and collections.

Technology 52

Technology Assessments Risk Assessment Compliance 52