Articles with tag: payment fraud

Found 21 results in 188 milliseconds.

Modulr launches Confirmation of Payee to help fight fraud

02 Sep 2020 | Digital Identity, Security & Online Fraud

UK-based fintech Modulr has launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK.

Modulr, fintech, fraud prevention, Confirmation of Payee, APP fraud, authorised push payment fraud, RBS Alternative Remedies, United Kingdom, UK,

AU10TIX's platform INSTINCT sees increase in synthetic fraud detection

01 Sep 2020 | Digital Identity, Security & Online Fraud

AU10TIX’s latest platform launched in June, INSTINCT, has reported a double increase in synthetic fraud detection.

AU10TIX, INSTINCT, synthetic fraud, fraud detection, payment fraud, cybercrime

NatWest to implement new behavioural biometrics technology

16 Jun 2020 | Digital Identity, Security & Online Fraud

UK-based bank NatWest has announced plans of developing behavioural biometrics to replace banking passwords. 

NatWest, Visa, UK, behavioural biometrics technology, banking passwords, transaction security, secure payments, online payments, buyer identity, PSD2, SCA, payment fraud, VCAS

Breach Clarity reveals data breaches with great risk of COVID-19 scams

02 Jun 2020 | Digital Identity, Security & Online Fraud

Amid predictions that the pandemic will generate a wave of financial and identity crime, Breach Clarity has released an analysis of recent data breaches, which identifies risks for COVID-19 scams. 

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

Sift reveals ecommerce fraud tracker

27 Apr 2020 | Digital Identity, Security & Online Fraud

Sift has announced the release of its COVID-19 and E-Commerce Fraud Tracker, a weekly updating digest of changes in ecommerce and fraud amid the coronavirus pandemic. 

Sift, launch, COVID-19, coronavirus, ecommerce, fraud, trust, safety, cybercriminals, pandemic, shopping behaviour, payment fraud, losses, groceries online, physical ecommerce

GlobeX Data to protect against coronavirus-related BEC scams

24 Apr 2020 | Digital Identity, Security & Online Fraud

Switzerland-based cybersecurity service provider GlobeX Data has announced that it is planning to launch a new service against BEC (Business Email Compromise) attacks. 

GlobeX Data, coronavirus, BEC, business email compromise, cybersecurity service provider, COVID-19, Switzerland, WFH, home internet security, cyberattacks, Association for Financial Professionals, payment fraud

ACI Worldwide reveals ML capability for payment fraud reduction

10 Mar 2020 | Digital Identity, Security & Online Fraud

ACI Worldwide has announced the launch of its new ‘Incremental Learning’ technology – an industry-first approach to machine learning.

ACI Worldwide, launch, machine learning, payment fraud, banks, merchants, electronic payment, banking, ML, financial institutions, risk management, ecommerce, fraud prevention

KPMG, nsKnox team up for anti-fraud cyber solution

22 Nov 2019 | Digital Identity, Security & Online Fraud

nsKnox has announced an international strategic partnership with KPMG, for which KPMG Israel will be the global distributor and service provider of the joint offering, KPMG Secure Payments.

KPMG, nsKnox, partnership, payment fraud, anti-fraud, cybersecurity, security, payments, fraud, cyber attacks, data protection, risks, verification

UK's National Cyber Security Centre fights payment card fraud

24 Oct 2019 | Digital Identity, Security & Online Fraud

The National Cyber Security Centre (NCSC), Britain's cyber-defence centre has prevented more than one million cases of suspected payment card fraud in 2018, its annual review reveals.

payment fraud, online security, cards, UK, cyber security, cyber attacks, National Cyber Security Centre

Complaints over banking fraud surged by over 40 percent in UK

17 May 2019 | Digital Identity, Security & Online Fraud

Official figures have showed UK consumers` complaints over banking fraud have surged by over 40% to hit an all-time high in the 2018-19, driven by online scams.

banking fraud, authorized push payment fraud, APP fraud, study, report

82 percent of organizations reported payment fraud incidents in 2018

11 Apr 2019 | Digital Identity, Security & Online Fraud

An AFP research has revealed that a record 82% of organizations reported payment fraud incidents in 2018.

JP Morgan, survey, report, AFP, payment fraud, Business Email Compromise

Irish Economic Crime Bureau to fight money laundering involving money mules

10 Apr 2019 | Digital Identity, Security & Online Fraud

The Garda National Economic Crime Bureau (GARDAI) has been investigating a EUR 2 million money laundering fraud involving 200 “money mules”.

money laundering, money mules, fighting fraud, payment fraud, Garda National Economic Crime Bureau, GARDAI

Payment terminal related fraud attacks drops in Europe

10 Apr 2019 | Digital Identity, Security & Online Fraud

The European Association for Secure Transactions (EAST) announced that payment terminal related fraud attacks fell 36% when compared with 2017.

European Association for Secure Transactions, EAST, report, fraud prevention, ATM, ATM physical attacks, fraud attacks, card skimming, payment fraud, ATM malware,

Danske Bank introduces anti-fraud and cyber-crime unit

10 Apr 2019 | Digital Identity, Security & Online Fraud

Danske Bank has created a new specialist fraud and cyber-crime team, aiming to help customers combat the rising threat from fraudsters and criminal gangs.

Danske Bank, fraud, cyber crime, threats, fraudsters, criminal gangs, criminal activities, card, ATM, cheque, and payment fraud, risks, scams

Fraud prevention, friction and the rise of Digital Trust & Safety

14 Feb 2019 | Expert Opinion

Kevin Lee from Sift shares with online businesses ways to balance a comprehensive approach to managing risk while enabling revenue growth

Kevin Lee, Sift, digital trust, fraud prevention, account takeover, payment fraud, machine learning, chargeback, spam, scams, online security

FISCAL Technologies launches Purchase-to-Pay risk management platform

16 Jan 2019 | Digital Identity, Security & Online Fraud

FISCAL Technologies has announced the launch of NXG Forensics, a Purchase-to-Pay (P2P) risk management platform.

FISCAL Technologies, Purchase-to-Pay, risk management, payment fraud, fraud detection

Retailers are set to lose USD 130 bln in CNP fraud

03 Jan 2019 | Digital Identity, Security & Online Fraud

A new study from Juniper Research has found that retailers are set to lose around USD 130 billion in digital CNP fraud between 2018 and 2023.

retail, Juniper Research, CNP fraud, fraud prevention, payment fraud, report

Online payment fraud losses to reach USD 48 bln by 2023

21 Nov 2018 | Digital Identity, Security & Online Fraud

Annual online payment fraud losses from ecommerce, airline ticketing, money transfer and banking services, will reach USD 48 billion by 2023, according to Juniper Research.

Juniper Research, study, data breaches, identity theft, online payment fraud, airline ticketing, money transfer, synthetic id, banking services

Email and phone calls scams to cost up to USD 0.5 bln per year – Westpac report

12 Nov 2018 | Digital Identity, Security & Online Fraud

90% of New Zealanders are concerned about being scammed or defrauded and one in three say they have been a victim, according to a new survey by Westpac.

Westpac, New Zealand, survey, payment fraud, email fraud, financial crime

Whistleblower uncovers the Danske Bank money-laundering scheme

24 Oct 2018 | Digital Identity, Security & Online Fraud

A report in Wall Street Journal has detailed how a British trader in Danske Bank’s Estonia office uncovered a large money-laundering scandal involving the bank.

Danske Bank, money laundering, payment fraud, AML, bank, fraud prevention, Estonia