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Morgan Stanley has agreed to pay USD 60 million to settle a lawsuit by customers who said the bank exposed their personal data when it twice failed to retire some of its older information technology.
regulation, data breaches, banks, wealth management, cybersecurity
New research from Netherlands-based payment service provider Adyen has found that half of UK’s retailers are expecting increased fraud attacks in the Q4 shopping period.
digital identity, online fraud, research, retail, data breaches, Adyen
Klarna, BNPL, data breaches
data breaches, cybersecurity, marketplace
MobiKwik, data breaches, dark web, cybercrime
Kevin J. Sprake, The Fraud Practice: 'It is difficult to put history into words, especially as we are living through it, but the pandemic has influenced ecommerce in a way that will change how we think about everything going forward'
Kevin J. Sprake, The Fraud Practice, ecommerce, pandemic, coronavirus, COVID-19, fraud, risk mitigation, omnichannel, fraud prevention, phishing scams, cybersecurity, data breaches, social engineering, chargebacks
Srividya Sunderamurthy, Vesta, AML, account takeover, ecommerce, fraud, PII, phishing, credential stuffing, data breaches, merchants, authentication
Konsentus, a provider of Regulatory Technology (regtech) solutions for Open Banking, has completed pre-series A funding round led by Conviction Investment Partners.
Konsentus, regtech, Open Banking, funding, banks, Open APIs, data breaches, online security
Instacart, US, reused passwords, data breaches, dark web, third-parties, two-factor authentication, 2FA, Google
fraud fight, SEON, cybercrime, UK, US, SME, cybercriminals, fraud, hackers, ATO, phishing, merchants, data breaches, bot attacks, ID theft, synthetic ID fraud, PSD2, Open Banking, APAC
data breaches, risk, COVID-19, scams, financial crime, identity crime, Breach Clarity, risk rating, credentials, security, personal data, credit card, debit card, phishing, cybercriminals, payment fraud
Adam Cooper, ID Crowd, explains why when one considers cross-border use of digital identity, what one really means is recognition of digital identity in other contexts
Adam Cooper, ID Crowd, cross-border, digital identity, onboarding, digital economies, EIDAS, regulation, EU, equivalence, interoperability, liability, fraud, identity scheme, data breaches, public key, encryption, digital signatures
As awareness of digital id and the concept of controlling personal data is gaining mainstream momentum, Cameron D’Ambrosi, One World Identity takes a deep dive into customer onboarding
KYC, digital onboarding, digital identity, One World Identity, banking, data breaches, financial services, data privacy, US
Fraud has become highly sophisticated, continuing to evolve day by day, hour by hour. What are the take ins? Check out the following 2019 retrospective and be prepared for 2020
retrospective, fraud, data breaches, bot attacks, phishing, ATO, identity theft, ecommerce, fraud prevention, account takeover, payments, credentials, chargebacks, friendly fraud, Open Banking, BORIS, BOPIS, click and collect fraud, loyalty fraud, artificial intelligence, machine learning
European regulators have imposed EUR 114 million euros in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country.
GDPR, fines, data breaches, European regulators, fines, DLA Piper
More than 60% of all leaked records in 2019 were exposed by financial services organisations, according to Bitglass’ 2019 Financial Breach Report.
financial services, data breaches, hacking, malware, cybersecurity, data, study, Bitglass, cloud security
ID.me has unveiled an identity proofing and authentication solution for businesses that need to comply with the California Consumer Privacy Act (CCPA).
ID.me, security, identity verification, California Consumer Protection Act, CCPA, compliance, Identity spoofing, risks, data breaches, hacks, identity proofing
Thousands of Disney+ customers have had their accounts hacked within days of the service launching, says Mobile Marketing.
Disney+, cybercrime, data breaches
Macy's has communicated a data breach notification, saying hackers infiltrated its ecommerce site and stole customer data, including financial information, ISMG reports.
fraud, cybercrime, data breaches, ecommerce
Precise has signed a collaboration agreement with biometric cryptography company Infinity Optics (“IO”), to develop identification software for fingerprint recognition.
Precise, collaboration, Infinity Optics Solutions, biometrics, cryptography, identification, fingerprint recognition, risks, fraud, security, data breaches