The Fintech Times

FEBRUARY 3, 2025

Victims of these scams not only face financial losses, averaging about $180 per incident, but 40 per cent also suffer from subsequent identity theft. Similarly, instant payment platforms and new payment technologies present increasing opportunities for fraudsters, worsened by insufficient identity verification methods.

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

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. Biometrics were a top choice for security measures with 68 per cent preferring to use fingerprints.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The identity theft firm 4iQ did a study last year about password use and found that almost half of the study respondents reused their passwords over multiple sites.

Cybersecurity 74

Cybersecurity Accounts Identity Theft Law Enforcement 74

The Fintech Times

APRIL 22, 2024

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. 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

PYMNTS

OCTOBER 2, 2017

7, the media has been abuzz over the security breach at credit scoring company Equifax and the vast number of consequences the incident set in motion, from the resignation of the company’s CEO to lawsuits filed by state Attorneys General across the U.S. Since Sept. SAP Point of Sale. Elasticsearch Servers.

Cybersecurity 76

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

Fintech Finance

JULY 7, 2025

Redpin Payments gives Spanish real estate professionals complete control over all transactions through one online dashboard while protecting client funds with bank-level security. Redpin Payments enables Spanish solicitors to reclaim hours from each transaction while providing enhanced security and cost savings to their clients.

Multi-Currency 52

Multi-Currency Identity Theft Cross-Border Payments 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

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. However, the perception of payment security varies significantly by age.

Cybersecurity 59

Cybersecurity Identity Theft Phishing Scams 59

Fi911

AUGUST 15, 2023

This could refine the process of securities selection, tailoring them to customer requirements. This effectively counters the ill-intended utilization of such advanced technologies, ensuring a safe and secure digital environment for financial transactions. This will ensure a seamless customer journey without compromising trust.

Identity Theft 52

Identity Theft Bots AI Authentication 52

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. The post Google Is Partnering With Cyber Insurance Giants.

Cybersecurity 74

Cybersecurity Underwriting Identity Theft Wire Transfer 74

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. These advancements have changed the way we approach cybersecurity and fraud detection.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

FEBRUARY 21, 2019

That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. In the February Intelligence of Things Tracker , PYMNTS examines how countries, developers and consumers are responding to increased calls for security, as well as how the IoT market is growing worldwide. Around the IoT World.

Data Security 72

Data Security Security Identity Theft Use Case 72

Segpay

FEBRUARY 21, 2024

This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. These biometric features add an extra layer of security by ensuring that only authorized users can make transactions.

AI 105

AI Innovation Fraud Detection Encryption 105

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

However, this surge is being accompanied by a dramatic growth in mobile banking malware, as threat actors increasingly turn their focus on mobile banking applications for illicit financial gain, a new report by mobile security company Zimperium says. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 116

Mobile Banking Online and Mobile Banking Identity Theft Credential 116

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

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

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

PYMNTS

FEBRUARY 20, 2019

That’s according to Symantec’s Internet Security Threat Report , which it issued on Wednesday (Feb. With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise cash.

Scams 69

Scams Identity Theft Compromise Ransomware 69

The Fintech Times

APRIL 10, 2024

MDES provides PXP Financial with a Secure Card on File tokenisation programme, a better user experience and higher approval rates for merchants leveraging Mastercard tokens. Digital tokens are used for secure e-commerce and in-app transactions, rather than using the customer’s primary account number (PAN) which remains in a token vault.

Visa 105

Visa PCI DSS Accreditation Identity Theft 105

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

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

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

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

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

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. Why Shifting Consumer Spend Is Prompting Security Onboarding Moves.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

PYMNTS

DECEMBER 16, 2018

Underwood said all five companies had mobile apps that had a well-known security vulnerability that enabled hackers to intercept private data including passwords, social security numbers, credit card account numbers and bank account information.

Security 55

Security Identity Theft Settlement Encryption 55

The Fintech Times

JULY 10, 2024

In under than a minute, users can verify themselves with compliant and secure NFC technology, for a QES that is the legal equivalent to a wet-ink signature on the Level of Assurance (LoA) High. ” The post IDnow Unveils Two New E-Signature Solutions, to Securely Speed up Loan Contract Signings appeared first on The Fintech Times.

Security 64

Security Verification AML Identity Theft 64

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. may actually be putting users’ security at risk.

Data Breach 71

Data Breach Breach Security Risk 71

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! What is data security in healthcare?

PCI DSS 130

PCI DSS Compliance Data Breach Breach 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 122

Deepfake APACS Scams Authentication 122

PYMNTS

FEBRUARY 15, 2017

A new report from enterprise security company Centrify says the industry isn’t making progress in the fight against corporate cyberattacks. 14) that two-thirds of businesses surveyed said they have experienced five or more security breaches in the last two years. The company said Tuesday (Feb. hit a record high last year.

Data Breach 40

Data Breach Security Breach Cybersecurity 40

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

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. Armen Najarian.

Identity Theft 76

Identity Theft Cross-Border Best Practices Advisors 76

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. When we put these detection mechanisms in the space, we have to take a holistic view of what is going to drive security, but also reduce friction,” Xie said. “So

Authentication 98

Authentication Bots Identity Theft Mitigation 98

Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. By sharing important intelligence on emerging fraud trends, banks can stay ahead of the curve and adapt their security measures accordingly. “A

Scams 107

Scams Phishing Deepfake Verification 107

PYMNTS

MAY 19, 2020

to secure the two servers, The Hacker News reported. 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.

Identity Theft 93

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