Fraud

5 Security Threats to Watch in 2019

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks. Payment providers are looking for broad, new approaches to fighting fraud.

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Balancing Security and Consumer Friction Is the New Number One Fraud Challenge for Businesses

While mobile and online commerce—including peer-to-peer, crowdshare and marketplace—continues to grow, payments companies are faced with challenges as businesses, as well as consumers, react to constant, massive data breaches.

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Holiday Scam Prevention for Financial Institutions and Consumers

Below are two checklists that address the heightened fraud activity that occurs during the holidays: the first checklist contains precautionary measures for your financial institution to follow to detect and prevent fraudulent activity during the holidays (and year round); the second checklist contains precautionary measures to share with your cons.

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Debunking the Last-Minute Holiday Fraudster

Holiday shopping procrastination is real. While you may have already wrapped up your gifts and put them under the tree, the same can’t be said of all shoppers. In fact, a whopping 24% of individuals surveyed by the National Retail Foundation said they would continue shopping through the weekend, and 7% would finish their shopping […]

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Citi Teams With Feedzai for Risk Management

Citi’s Treasury and Trade Solutions (TTS) announced on Wednesday (Dec. 19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce.

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Australia Budgets for SMB Cybersecurity, Five-Day Supplier Payments

The Australian government has announced plans to set aside millions of dollars to support small business (SMB) cybersecurity, digitization efforts and accelerated supplier payment times, according to The Sydney Morning Herald on Monday (Dec. 17). The release of its mid-year financial outlook sees the Australian government allocating nearly $5.

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Cyber Criminals Targeting Holiday Spirit With New Gift Card Scam

Quick. You just got an urgent email from the president of your company asking you to purchase gift cards for everyone in the office. You need to respond quickly for further instructions and keep it quiet because it’s a surprise.

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UK’s Financial Conduct Authority Introduces New Rules on Handling Complaints About Authorised Push Payment Fraud

The Financial Conduct Authority (FCA) has today published new rules allowing victims of Authorised Push Payment (APP) fraud to complain to the payment services provider (PSP) receiving their payment.

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How AML Regulations Turn Credit Unions Into Law Enforcement

Communication and engagement with members is an essential part of any credit unions’ (CUs’) retention strategy. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. However, their members are not the only ones with whom credit unions must regularly work.

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The Rise of Fraud 3.0, and Businesses’ Response

Computing power is dirt cheap, thanks to cloud infrastructure.

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Data: The Newest Holiday Fraud Threats

The first wave of data from this year’s holiday shopping season is in, providing insights into where the biggest fraud threats are likely to originate in the final weeks of the year.

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Death, Taxes and Faster Payment Fraud

As faster payments and real-time payments emerge in the U.S. financial services market, the vulnerabilities that can lead to fraud are also emerging as widely predicted.

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