PYMNTS

NOVEMBER 16, 2016

‘Tis the season … to be very, very wary of phishing and other types of fraud. Research suggests that financial phishing scams jump up nearly 10 percent in frequency during the holiday shopping season.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

PYMNTS

SEPTEMBER 28, 2020

The Financial Crimes Enforcement Network (FinCEN) recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams, all with a COVID-19 twist. Strong consumer authentication comes in several forms, and it’s time to pick one.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

FICO

FEBRUARY 16, 2023

Using real-time, two-way customer communication capabilities in the channel of customer choice (whether text, email, phone, or in-app messages), FIs can confirm whether a specific transaction was initiated by the consumer or whether it was a fraudster. Banks should deploy fraud checks prior to authorizing any purchase or payment transaction.

Compromise 98

Compromise Debit Card Scams Smishing 98

PYMNTS

FEBRUARY 19, 2020

Amazon is at the center of two recent incidents, one that exposed the personal info of almost 1,600 Ring door camera users, and another where phishing emails bearing a very convincing Amazon logo resulted in theft. Fraudsters can seem like unstoppable ghosts in the machine, outsmarting or overwhelming intervention attempts.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

PYMNTS

JUNE 9, 2020

Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder.

AML 52

AML MFA Authentication Verification 52