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USD 35mln raised by Socure for digital identity verification and fraud prevention

News | Digital Identity, Security & Online Fraud | 27 Aug 2020

Socure has raised USD 35 million to support the growth of the company’s ‘Day Zero’ digital ID verification and biometric technologies.

Socure, digital identity verification, fraud, biometrics, iD, financial institutions, attacks, regulations

Magento applies 2FA for protection against card skimming attacks

News | Digital Identity, Security & Online Fraud | 20 Jul 2020

Adobe has added two-factor authentication (2FA) via the Magento platform in response to the number of attacks where skimmer scripts are deployed on hacked ecommerce sites.

Magento, 2FA, fraud protection, card skimming, attacks, ecommerce, credit cards, fraud, accounts, authentication

Phishing emails that impersonate Wells Fargo target customers

News | Digital Identity, Security & Online Fraud | 24 Jun 2020

American Banker has reported that employees of large corporations are being targeted with phishing emails that impersonate the Wells Fargo security team.

Wells Fargo, phishing, attacks, calendar invites, fraud, fraudsters, security, personal accounts, cybersecurity, risks, cards, PIN

iProov unveils cybersecurity report and provides bkynd with its biometric authentication services

News | Digital Identity, Security & Online Fraud | 04 Jun 2020

A new research published by iProov has found that nearly one in six people in the UK have attempted to defeat facial recognition systems with spoofs. 

iProov, cybersecurity, bkynd, biometrics, authentication, UK, US, facial recognition, spoofs, cybersecurity, attacks, identity, risks, password, accounts, startup, COVID-19, coronavirus, pandemic

Hackers exploit plugin vulnerabilities, FBI warns

News | Digital Identity, Security & Online Fraud | 19 May 2020

The FBI has warned that hackers are exploiting a three-year-old vulnerability in a Magento plugin to take over online stores.

FBI, Magento, online stores, plugin vulnerability, malicious script, web skimming, e-skimming, bug, attacks, malicious code, payment details, hackers, credentials, fraud

Arkose Labs finds 20% increase in online fraud, change in consumer behaviour during COVID-19

News | Digital Identity, Security & Online Fraud | 29 Apr 2020

Arkose Labs has revealed data showing the impact of the COVID-19 crisis on online fraud. 

Arkose Labs, fraud, digital behaviour, COVID-19, corona virus, cyberattacks, attacks, online fraud, fraudsters, accounts, retail, travel

Over 500,000 Zoom accounts sold on the dark web

News | Digital Identity, Security & Online Fraud | 14 Apr 2020

Security Affairs has reported that over 500,000 Zoom accounts are available for sale on the dark web and hacker forums. 

ZoOm, accounts, dark web, attacks, hacker forums, fraud, seller, cybersecurity, intelligence, credentials, banking

Forter's report shows trends that accelerate digital transformation for merchants

News | Digital Identity, Security & Online Fraud | 09 Apr 2020

Ecommerce fraud prevention company Forter has announced the release of the Forter Special Report on the impact of coronavirus on consumer and fraudster behaviour. 

coronavirus, pandemic, store closures, digital transformation, merchants, ecommerce, fraud, fraudster behaviour, online purchases, fake emails, gift card , fraud vectors, attacks, account abuse, payment abuse

Mastercard pledges USD 250 mln for small business' security

News | Digital Identity, Security & Online Fraud | 08 Apr 2020

Mastercard has announced a commitment of USD 250 million over five years to support small businesses in the US and other markets where they operate.

MasterCard, small business, financial security, data protection, cyber vulnerability, identity theft, financial inclusion, attacks, banks, fintech, card payments

Signifyd helps merchants serve the customers with COVID-19 Business Continuity Package

News | Digital Identity, Security & Online Fraud | 27 Mar 2020

Signifyd has announced the release of its COVID-19 Business Continuity Package, a discounted set of commerce solutions.

Signifyd, COVID-19, merchants, ecommerce, fraud, threats, attacks, behaviour, Personally Identifiable Information, PII

Arkose Labs finds growth in online gaming attacks

News | Digital Identity, Security & Online Fraud | 16 Mar 2020

Online fraud prevention technology provider Arkose Labs has announced a 30% spike in attacks on gaming platforms last quarter. 

fraudsters, online gaming, attacks, fraud prevention, payments , abuse, accounts, human behaviour, bots

2020 fraud trends: Are you prepared for what the future holds?

Voice of the Industry | Digital Identity, Security & Online Fraud | 17 Jan 2020

In an environment where fraud is evolving by the hour, Andy Renshaw, VP, Banking Solutions at Feedzai, offered his opinion on what the 2020 fraud trends are

Andy Renshaw, Feedzai, fraud, attacks, banks, retail, ATO, identity theft, app, PSP, Spoofing, biometrics, deepfakes, voice banking, authentication, PSD2, ATM, fraudsters

Interview with Jordan Blake on the potential of behavioural biometrics

Interviews | Digital Identity, Security & Online Fraud | 17 Jan 2020

Fraud Prevention and Online Authentication Report 2019/2020

The Paypers interviewed Jordan Blake, BehavioSec VP of Products, on the potential of behavioural biometrics and how to best use this deep authentication technology

Jordan Blake, BehavioSec, behavioural biometrics, bots, malware, accounts, fraud, attacks, cybercriminals, authentication, PSD2, SCA, passwords, online payments, PII, fraud detection

Establishing secure IoT platforms is essential for payments by things

Voice of the Industry | Digital Identity, Security & Online Fraud | 13 Dec 2019

Andrew Shikiar, the FIDO Alliance, sat down with The Paypers to explain why establishing IoT platforms is essential for payments

Andrew Shikiar, FIDO Alliance, IOT, security, onboarding, payments , authentication, standards, attacks, management, risks, tokenization, payment cards

USD 7 mln raised in Series A by Kasada with In-Q-Tel

News | Digital Identity, Security & Online Fraud | 27 Nov 2019

Anti-bot startup Kasada has raised USD 7 million in its Series A with In-Q-Tel, the non-profit venture arm of the intelligence community.

anti-bot, startup, Kasada, CIA, In-Q-Tel, bots, fraud, attacks, risks, fraud detection

Empowering data driven payment and fraud prevention teams

Voice of the Industry | Digital Identity, Security & Online Fraud | 05 Dec 2019

Nicolas Vedrenne, CEO and founder of STRATGranat discussed with The Paypers what needs to be done for data driven payments and fraud prevention teams to be empowered

Nicolas Vedrenne, STRATGranat, fraud, payments , attacks, PSPs, invoices, management, risks, fraud teams, data, fraud reduction, fraud prevention

How to adapt to new attacks without a suitable pre-existing data set: interview with Hubert Rachwalski, Nethone

Interviews | Digital Identity, Security & Online Fraud | 28 Nov 2019

Hubert Rachwalski, Nethone’s CEO, reveals how to adapt to new technology and attacks without a suitable pre-existing data set

Hubert Rachwalski, Nethone, data, attacks, merchants, biometrics, fraudsters, fraud, behavioural biometrics, friendly fraud, unlabelled data, transactions , chargeback, PSD2, analytics

Dunkin Donuts sued by New York over cyberattacks

News | Digital Identity, Security & Online Fraud | 27 Sep 2019

New York Attorney General has accused Dunkin’ Donuts of failing to protect hundreds of thousands of customers whose accounts were targeted in a series of ‘brute force’ cyberattacks.

Dunkin Donuts, cyberattacks, fraud prevention, payments security, data breach, password reset, attacks, US

Arkose Labs, Bugcrowd strengthen fraud prevention system with private bug bounty

News | Digital Identity, Security & Online Fraud | 24 Jul 2019

Arkose Labs has announced an exclusive private bug bounty program, together with crowdsourced security platform Bugcrowd.

Arkose Labs, bug bounty program, Bugcrowd, fraud prevention, security, trust, account takeover, attacks, user registrations, hackers, fraud

BitMEX reports increase in attacks on accounts

News | Cryptocurrencies | 12 Jun 2019

Hong Kong-based P2P cryptocurrency exchange BitMEX has reported in an official blog post an influx of attacks on user account credentials.

BitMEX, attacks, accounts, security measures, Hong Kong, P2P, cryptocurrency, exchange, account credentials, two factor authentication, 2FA, verification, authentication, Token, fraud, passwords, hacks, malware, withdrawal, digital assets