security

Cyber Security: A Must for the Retailers in the Mobile Era

According to data published by the consumer financial services company, 60 percent of the U.S. consumers believe that on an average, a lot many shoppers will carry a phone but no physical wallet.

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As Phishing Evolves, Payment Authentication Has to Do the Same

With more personal information accessible online and its accuracy questionable, relying solely on the data provided as part of the payment messaging can be risky. Continued incidents of spear phishing and catfishing only serve to highlight the complex work required to tell the genuine apart from the fraudulent.

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How to Keep Mobile Shopping From Becoming a Gift for Fraudsters

As mobile apps become a larger part of heavy shopping days such as Black Friday and Cyber Monday, taking the proper steps to ensure security becomes more important. All mobile applications, including shopping and retail apps, should be able to protect themselves in untrusted device environments.

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Payment Processing Security: Reducing Fraud for Merchants and Customers

Payment fraud is bad for everyone. For cardholders, payment fraud is an inconvenience and unnecessary expense; it means they must cancel their cards, acquire new ones and sometimes spend hours arguing about certain charges with their card companies.

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What Senior Finance Executives Think About Payments Security

A WEX survey of more than 1,000 CFOs and senior financial executives from the U.S., Europe and Asia/Oceana revealed that for this group, security is paramount in payments solutions or platforms. Security both of information and settlements is raised by executives as a concern in multiple aspects of payments processing.

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PODCAST: Consumers Lack Awareness of How Much Personally Identifiable Information Is Exposed

Recently, First Data produced a cybersecurity study that took a look at personally identifiable information. Can you give us a brief overview of this study or survey and what was its main focus? EJ Jackson – Head of Security and Fraud Solutions at First Data

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More Than a Token Gesture: Visa, AmEx, Mastercard Ramp Up Payments Security

The push towards tokenization removes the need for online retailers to store customer card details. Credit card firms in Australia are shifting towards a tokenization model, with both Visa and American Express making announcements in the last few days.

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Data: Fraud’s Toll on Consumer Trust

The hacks keep coming – most recently to Facebook and the federal government’s health insurance sites – and consumer trust in online security systems disintegrates along with them, according to a number of recent surveys. During the first half of this year, 3.

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Why Bank Security Is About More Than Preventing Attacks

The world can be a scary place these days, especially for banks. According to recently released reports, fraudsters are continuously targeting big U.S. banks, and these attacks are increasing in both frequency and sophistication.

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Big Banks See Uptick in Cyberattack Attempts

Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks.

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Payment Security Requires Collaboration and Participation From All Parties

Three decades ago, payment fraud was simpler, a one-to-one relationship where the criminal stole a physical card and used it in a physical store. Now criminals steal millions of credentials at a time – they are far more sophisticated and globalized – and cybercrime is big business.

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Digital Pay Fraud Wave Should Bring EMV Token Gateways to Cards on File

Card-on-file (the process of collecting and storing payment card credentials) is fundamental to the card-not-present (CNP) ecosystem, facilitating the delivery of popular payment methods such as one-click ordering and recurring payments.

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