The Fintech Times

APRIL 22, 2024

One in four individuals have experienced digital wallet theft and one in five face unauthorised access to personal bank accounts via mobile apps. In 62 per cent of smartphone theft cases, businesses face severe financial and cybersecurity risks.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

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

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

The Fintech Times

OCTOBER 3, 2024

In the UK, 36 per cent of residents have fallen victim to phishing scams in the last six months alone – leaving digital transformation consultancy Daemon to urge retailers to bolster their cybersecurity efforts. With it becoming so prevalent, online fraud is leaving a lasting impact on trust.

Cybersecurity 59

Cybersecurity Identity Theft Phishing Scams 59

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. This potential evolution compounds the circumstances regarding how the technology will impact fraud and cybersecurity measures, presenting significant risks and transformative opportunities. These advancements have changed the way we approach cybersecurity and fraud detection.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

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

Fi911

AUGUST 15, 2023

Getting Proactive About AI-Enabled Threats These forward-thinking initiatives can improve and refine the overall cybersecurity framework of the banking and eCommerce sectors. The post Scammers Leveraging ChatGPT to Commit Identity Theft: Is Better Data the Solution? The question of AI-driven fraud is real and growing.

Identity Theft 52

Identity Theft AI Bots Authentication 52

PYMNTS

JANUARY 25, 2017

It’s a job seeker’s market when it comes to cybersecurity expertise, according to a new report from employee-employer matching company Indeed, and Apple tops the list of best U.S. corporations seeking to fill cybersecurity roles. Indeed announced today (Jan. 25) its ranking of the 10 best U.S. hit an all-time high last year.

Cybersecurity 45

Cybersecurity Data Breach Identity Theft Federal Reserve 45

The Fintech Times

FEBRUARY 21, 2024

FICO, the analytics company, published a report , titled Fraud, Identity, and Digital Banking Consumer Survey 2023 – United Kingdom uncovering Brits’ attitudes towards fraud and cybersecurity measures. Identity theft to open a new account is the top-ranked concern at 30 per cent.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

The Paypers

JANUARY 5, 2018

(The Paypers) A new McAfee study has revealed that despite the awareness of the need for cybersecurity, only 37% of individuals use an identity theft protection solution.

Identity Theft 28

Identity Theft Cybersecurity 28

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. Securing Indonesia’s Digital Future As cybersecurity leaders, safeguarding Indonesia’s digital future is a shared responsibility.

Phishing 119

Phishing Security Blocks Cybersecurity 119

FICO

JULY 18, 2017

This rich data set is a honey pot for cybercriminals – particularly those using data to fuel identity theft. We included telecommunications providers in the cybersecurity survey carried out on our behalf by independent research company Ovum. Download the e-book: “Cybersecurity for Telecoms –Views from the C Suite”.

Cybersecurity 45

Cybersecurity Risk Data Breach Breach 45

PYMNTS

MAY 2, 2019

For example, security and protecting against identity theft are top of mind for SMB owners , almost regardless of size or vertical. Yet, she noted, the data showed that 74 percent had absolutely no form of cybersecurity or identity theft protection coverage. Take security, for example.

Visa 71

Visa Identity Theft Small Business Cybersecurity 71

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

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

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. The post Cybersecurity: How to Protect Yourself Online (Video) appeared first on FICO.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 40

PYMNTS

NOVEMBER 27, 2018

She added that policymakers have designed corporate cybersecurity penalties with large enterprises in mind, with some states requiring up to $2,500 in fines for each exposed customer record, even if the business is not shown to be at fault. “They don’t have the funds to hire a person with that kind of training.”.

Research 75

Research Small Business Identity Theft Cybersecurity 75

PYMNTS

APRIL 12, 2020

With governments imposing lockdowns to contain the virus, hackers have been known to pose as banks or other legitimate institutions to try to glean access to people’s private information to use for nefarious means, such as identity theft. Italian law enforcement officials said the country has seen a rise in this kind of activity.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. Email is a big challenge, be careful.”.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 40

PYMNTS

SEPTEMBER 24, 2020

22%: Rise in identity thefts targeting seniors between 2018 and 2019. banks spend annually on cybersecurity measures. Data: 200%: Increase in women’s apparel digital sales for Nike in Q1. 80K: Number of global regulatory updates in 2019 with which banks must comply to avoid fines. 6.7B: Amount U.K.

Identity Theft 61

Identity Theft Technology Financial Crimes Innovation 61

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

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 120

Mobile Banking Online and Mobile Banking Identity Theft Credential 120

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 20, 2019

The cybersecurity company analyzes data from its Global Intelligence Network, which records events from 123 million attack sensors worldwide, and blocks 142 million threats daily and monitors threat activities in more than 157 countries.

Scams 69

Scams Identity Theft Compromise Ransomware 69

PYMNTS

FEBRUARY 21, 2018

After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like….

Identity Theft 40

Identity Theft Rules Verification Accounts 40

FICO

DECEMBER 19, 2016

In the world of cybersecurity, 2016 was a banner year – and not in a good way. The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about their own cybersecurity.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 But individual consumers aren’t the only victims of identity theft.

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

JANUARY 8, 2019

As fraudsters grow bolder, these brands are racing to implement new fraud protection services, as more instances of identity theft, digital payments fraud and gift card fraud emerge. Luxury retail brands are seeing increasingly varied forms of fraud, from online identity theft to straightforward, old-fashioned counterfeiting.

Identity Theft 66

Identity Theft AI FBI Data Breach 66

Segpay

FEBRUARY 21, 2024

Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities. Generative AI in Security: Advanced Threat Detection: Generative AI is a game-changer in cybersecurity, providing advanced threat detection capabilities.

AI 105

AI Innovation Fraud Detection Encryption 105

FICO

MARCH 6, 2017

Criminals are looking to gain financially in three main ways: Data breaches to feed identity theft. Third-party fraud is fuelled by identity theft, and breached data gives criminals the information they need to take over someone’s identity. Cyber-attacks with financial demands. Looking for the best defense?

Identity Theft 65

Identity Theft Breach Data Breach Phishing 65

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 125

Deepfake APACS Scams Authentication 125

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 Fintech Times

APRIL 10, 2024

With experts estimating that there is a new case of identity theft every 22 seconds , and anticipating this ratio to worsen this year, the MDES helps to protect cardholders from becoming victims as it converts their most sensitive information into non-sensitive digital tokens.

Visa 105

Visa PCI DSS Accreditation Identity Theft 105

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

DECEMBER 20, 2019

Wawa is getting in touch with customers and offering free credit card monitoring, as well as identity theft protection, to anyone who has been affected. Our cybersecurity team discovered and shut down malicious, unauthorized access to some information related to your T-Mobile prepaid wireless account,” the disclosure stated. “We

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

SEPTEMBER 4, 2017

Charter said the information was removed right after it was discovered and the cybersecurity incident is being looking into. The cybersecurity breach comes just as Yahoo , which was recently acquired by Verizon Communications, will see a lawsuit move forward over its massive data breach that impacted more than one billion people.

Identity Theft 43

Identity Theft Data Breach Breach Cybersecurity 43

PYMNTS

MAY 19, 2020

SafetyDetective said Natura customers should be vigilant against identity theft, change their account passwords and keep a close eye on their payment card transactions for signs of any suspicious activity. The company then contacted Amazon, which asked Natura & Co. to secure the two servers, The Hacker News reported.

Identity Theft 93

Identity Theft Payment APIs and Integration Payment-Related Information Phishing 93