PYMNTS

OCTOBER 19, 2020

These apps are not without danger, though, and fraudsters are looking to cheat and scam their way to paydays from innocent users. We split out scams and frauds,” he explained in a recent interview with PYMNTS. Fraud means someone is trying to access your device, while scams consist of people being tricked into sending money.”.

Zelle 68

Zelle Scams AI CashApp 68

VISTA InfoSec

FEBRUARY 25, 2024

Accidental data leaks by insiders mishandling information also trigger breaches frequently. Your company’s trustworthiness and future competitiveness depend on getting data security right—now’s the time to start. Partner with cybersecurity experts and put proven best practices into action this quarter.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech News

AUGUST 21, 2024

million was seized in a joint operation between the Anti-Scam Centre (ASC) and OCBC. The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners. or contact the Anti-Scam Helpline at 1800-722-6688.

Accounts 111

Accounts Scams Financial Crimes Freeze Account 111

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

Data Security 54

Data Security Governance Government Data Breach 54

Fintech Finance

AUGUST 28, 2024

More than one-third of consumers believe their data is less secure than it was five years ago, a figure that has increased steadily. Almost 50% of consumers surveyed do not believe that companies properly educate them on how to keep their data secure, an increase from 2023.

Identity Theft 105

Identity Theft Online and Mobile Banking Consumer Payments Trends 105

Fi911

JANUARY 31, 2024

Industry commitment to data security and privacy must be unwavering, as mishandling customer data can result in severe legal consequences and erode customer trust. Educate customers about the risks posed by AI-driven scams, empowering them to identify and report suspicious activity.

AI 105

AI MFA Regulatory Compliance Best Practices 105

The Fintech Times

AUGUST 2, 2024

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. In the same year, victims reported 252,626 cases of APP scams – but not all reports resulted in refunds from their banks.

Scams 64

Scams Romance Scams CRM Monetary Loss 64

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. According to the report, business leaders are more concerned about data security than ever before, citing the pandemic as one factor behind the fears. 45 percent of U.S.

Phishing 96

Phishing Treasury Treasury Management B2B 96

PYMNTS

FEBRUARY 29, 2016

It looks like Snapchat has been scammed by an enterprising phisherman who managed to collect personal data on about 700 employees of the social media service. ” Phishing has become an endemic problem in enterprise data security, as hacking people is often easier than hacking sophisticated tech.

Phishing 41

Phishing Scams Social Security Payroll 41

PYMNTS

JUNE 7, 2018

Consumers must acknowledge they understand the new terms of service related to how their data is used, and companies must offer them the right to have their data removed from those databases upon request. A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It

Phishing 43

Phishing Scams Regulations Ransomware 43

The Fintech Times

AUGUST 15, 2024

Adatree , an Australian open data solution provider, has unveiled a new ‘Insights’ product suite, including Account Verification and Balance Checks, in a move to empower companies in the fight against financial fraud and scams. Insights is compliant with stringent CDR regulations, safeguarding data security and privacy.

Verification 59

Verification Checks Accounts Scams 59

PYMNTS

FEBRUARY 8, 2019

In another, phishing scams will fraudulently request an employee login to Uber or LinkedIn to steal those credentials. ” A hacker may target an executive in the finance department with a phishing scam, someone who they know is a controller, with a higher level of access to company bank accounts or other financial data.

Phishing 66

Phishing Credential Payment APIs and Integration MFA 66

PYMNTS

OCTOBER 15, 2018

The scam entails a scammer posing as a legitimate business partner or vendor, claiming over the phone that the SMB owes them money, then demanding payment in the form of a Green Dot card. “This is a scam, pure and simple. “This is a scam, pure and simple.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

MARCH 18, 2019

As the payroll function deepens its data-sharing capabilities, corporates must pay attention to the risks of employee and employer data security, as well as the threat of payroll fraud. “Education is the number-one way employers can protect their payroll data.” ” he said. ” he said.

Payroll 64

Payroll API Payment APIs and Integration Data Breach 64

PYMNTS

JULY 2, 2020

The PYMNTS Merchants Guide To Navigating Global Payments Regulations, done in collaboration with Ekata , examines rapidly changing developments in digital payments at a time when cybercrime — and identity scams particularly — are going hard on legitimate businesses.

Compliance 89

Compliance Online and Mobile Banking Contactless Payments Regulations 89

PYMNTS

DECEMBER 16, 2019

the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found. In the U.S.,

Ransomware 59

Ransomware Cross-Border Cross-Border Payments Payroll 59

PYMNTS

FEBRUARY 21, 2020

Vendors are unlikely to notice these subtle changes, and altering details ensures the executives are not contacted to ruin the scam. Business identity theft is used to launch everything from purchasing plan scams to tax and credit card application fraud, and it caused an estimated $137 million in damages in 2017. Detecting Fraudsters.

B2B 61

B2B Scams Credential B2C 61

PYMNTS

JANUARY 17, 2020

Subscription businesses must protect their systems from fraud to prevent churn and reassure potential customers, with the latter being particularly important given that fear of scams is one of new customers’ top concerns. Preventing fraud with seamless and secure onboarding solutions is key.

Scams 52

Scams Security Federal Trade Commission Push-to-Card 52

PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. The latter form is of particular concern for businesses across multiple industries, as various breaches that have occurred over the past several years have made stolen or misused data easier to obtain.

Identity Theft 54

Identity Theft Fraud Prevention AI Scams 54

PYMNTS

NOVEMBER 2, 2018

The Email Scam Lures More Victims. The project took four years to complete, FT said, having overrun its budget by approximately $100 million. Bank statements have shown that payments to Oil Tank continued for years after the terminal’s completion.

Ransomware 67

Ransomware Audit FBI Scams 67

PYMNTS

APRIL 3, 2018

It’s not clear the number of customers that were impacted by the data leak, but based on customer numbers indexed by Panera, it could amount to more than 37 million, reported KrebsOnSecurity. Panera takes data security very seriously and this issue is resolved,” Panera said in a statement to KrebsOnSecurity.

Breach 51

Breach Data Breach Database Scams 51

Stax

MARCH 4, 2024

SSL/TLS is a complex payment security practice involving two different kinds of encryption keys—for more detailed information, check out this guide. How to Comply with Payment Security Standards The Payment Card Industry Data Security Standards, or PCI DSS , are the North Star for payment processing security.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

The Fintech Times

JANUARY 19, 2024

. “It’s really important that we all understand the framework in which we’re operating and how this comes down to the practical level of ensuring that AI is not used for negative purposes particularly when it comes to scams. Instead, he says managing AI data securely is the bigger problem.

Regulations 99

Regulations AI Fraud Prevention Data Breach 99

PYMNTS

FEBRUARY 14, 2020

While fraudsters are fond of experimenting with innovative scams, they do have a few favorite tricks. Creating complex, varied authentication measures is critically important for businesses to keep customer data secure. The Latest Fraud Decisioning Developments. About the Playbook.

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

PYMNTS

APRIL 9, 2018

Gemini Advisory, which first identified the breach at Hudson’s Bay, suggests human error was to blame: An employee likely clicked on a malicious link sent via a phishing scam. When it comes to data security, the potentially detrimental impact of an inadvertent insider on IT security cannot be overstated.”.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

AUGUST 25, 2017

” Earlier this year, the MYOB name was fraudulently used in part of an eInvoice scam, with criminals sending fake invoices with the MYOB logo attached to the bills. The incident occurred multiple times this year, and is part of a rising strategy of cybercriminals. Using the MYOB name, analysts said, is part of that tactic.

Small Business 40

Small Business Scams Advisors Accounts 40

PYMNTS

FEBRUARY 3, 2020

It is thus up to card issuers and payment professionals to protect their data by carefully monitoring ATMs for unwanted hardware and other fraud tools. . Fraudsters’ tactics are evolving as transactions for everything from groceries to gasoline move online, and phishing and false link scams have become particularly popular.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

MAY 2, 2019

The findings are troubling: 44 percent of survey respondents said their companies had experienced “a significant, business-altering data breach caused by a vendor.” ” That’s despite the majority (60 percent) of companies surveyed having a third-party policy around data security.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

SEPTEMBER 14, 2020

Even diligent and well-meaning professionals can cause a breakdown in data security, with Van Dyke adding that he's seen "dedicated employees literally cry under deposition" because they feel so terrible about falling victim to a cyberattack.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

Cardfellow

OCTOBER 26, 2022

Additional Services Beyond payment processing, Payment Alliance international offers ATM placement, gift and loyalty cards, business funding, and data security packages that assist with breach prevention and PCI compliance. Related Article: Credit Card Processing for Gun Dealers.

ATM 52

ATM Credit Cards Payments Processors 52

Clearly Payments

MARCH 4, 2024

CardSystems Solutions Data Breach (2005) In 2005, CardSystems Solutions found itself at the epicenter of a seismic data breach that rippled across the financial sector. The breach exposed the sensitive credit card information of millions, igniting concerns over data security and regulatory oversight.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

JANUARY 29, 2019

Organizations’ sales cycles are also facing the effects of heightened data security requirements, with the majority of professionals (87 percent) reporting that their sales cycles have faced delays because of customers’ privacy concerns — a 21 percent increase from last year.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

MARCH 8, 2018

With all that in mind, though, he said data security must remain at the forefront of all these advancements. What advice do you have for consumers to make payments more secure on their end? Scams are still prevalent both by telephone and by email, so consumers must think before sharing sensitive info, said Dorchester.

Innovation 45

Innovation Online and Mobile Banking Security Credit Cards 45

PYMNTS

JANUARY 3, 2020

And the devils we know – garden-variety credit and bank fraud , phishing and bot attacks, online identity scams and the rest – may feel more comfortable than the devils we don’t know. Instant money is shaking things up, which is to be expected.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

Stax

APRIL 30, 2024

Highest level of PCI security compliance that keeps payment data secure. It uses AI and machine learning to identify fraudulent behavior and reduce the risk of scams, protecting your overall revenue. Digital invoicing and payment collection links to simplify smartphone payments.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

PYMNTS

MARCH 22, 2019

That leads to more red tape, increases the odds that the applicant will make innocent mistake when filling out paperwork, and leaves opening for fraudsters who can bet on benefits being pushed through before officials become aware of their scams. Blockchain, too, could be employed in the interests of data security. SAP Concept.

Governance 40

Governance Government Authentication Breach 40