PYMNTS

AUGUST 3, 2017

Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few. has a chance to learn from the U.K.’s

Faster Payments

PYMNTS

MARCH 1, 2019

These fraudsters have since found a variety of other ways to take advantage of credit cards, such as skimmers and hacking attempts, phishing ploys, physical theft and more. Now, demand for faster payments options is taking off worldwide. s FPS transferred £1.7 trillion ($2.25 trillion USD) in 2018 alone, for instance.

Faster Payments

PYMNTS

JUNE 23, 2016

Small business accounting platform Xero has introduced an upgrade that aims to make transactions between businesses more secure amid rising phishing scams. ” Broader support for mobile devices means faster payments as well, the firm added, and helps businesses accelerate their rising adoption of mobile tools. .

Phishing

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed

PYMNTS

SEPTEMBER 8, 2020

80,000 is now the average amount phishers demand from their business email compromise targets , according to new research from the Anti-Phishing Working Group (APWG) in its second-quarter 2020 Phishing Activity Trends Report. million per targeted attack. The solution is an overlay service, which is mandated for the U.K.'s

Business Email Compromise

PYMNTS

SEPTEMBER 21, 2018

The methods those bad actors use — and which have been documented in this space — include phishing attempts to gain access to individuals’ credentials. In addition, said Europol, instant payments reduce the time financial institutions (FIs) have to intervene in a transaction and may challenge detection. The transaction tally is at $4.5

Payroll

PYMNTS

JANUARY 27, 2020

Seventy-eight percent of Asia-Pacific (APAC) banks have said that their fraud losses have risen as a result of real-time payments , new data from FICO recently revealed. million, thanks to a phishing scam. Targets are instructed to submit cards’ redemption codes over email. The losses for one Texas school district totaled to $2.3

Business Email Compromise