Articles with tag like: payment fraud

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Talking new fraud techniques and emerging threats in the payments and commerce space

Interviews | Digital Identity, Security & Online Fraud | 19 Apr 2021

We sat down with Kevin Lee, Trust and Safety Architect at Sift, and he revealed for us the best practices for merchants to proactively prevent payment fraud, scale operations, and catalyse growth

merchants, Sift, payment fraud, COVID-19, cryptocurrency, ecommerce

Over GBP 34.5 million stolen in pandemic scams, UK police reports

News | Digital Identity, Security & Online Fraud | 26 Mar 2021

The UK’s police forces have recorded more than 6,000 cases of COVID-19 related fraud and cyber-crime during the pandemic, leading to a total loss of GBP 34.5 million since 1 March 2020.

cybercrime, payment fraud, scam, COVID-19

Gett fights evolving payment fraud attacks

Voice of the Industry | Digital Identity, Security & Online Fraud | 25 Mar 2021

Mark Freeman, SecuredTouch, illustrates how Gett caught payment fraud attacks, employing multiple sophisticated evasive techniques, in real-time

SecuredTouch , payment fraud, Gett, chargebacks, Account fraud, fraud detection, Mark Freeman

Finastra's platform features NetGuardians' fraud prevention app

News | Digital Identity, Security & Online Fraud | 09 Feb 2021

Finastra has announced the availability of NetGuardians’ Payment Fraud Prevention app on its FusionFabric.cloud open development platform, according to the official press release. 

Finastra, NetGuardians, open development platform, FusionFabric.cloud, payment fraud prevention, app, AI, payment fraud, banks, machine learning

The SMART2 forum releases publications on the detection and prevention of payment fraud

News | Payments General | 25 Nov 2020

The SCT Inst Migration Action Round Table (SMART2), has released two new publications on the detection and prevention of payment fraud.

SMART2, EBA, Euro Banking Association, payment fraud, fraud prevention, gift cards, SCT Inst Scheme, PSPs, closed-loop cards

JP Morgan improves payment fraud protection for SME clients

News | Digital Identity, Security & Online Fraud | 30 Sep 2020

US-based lender JP Morgan has boosted payment fraud protections for its small and mid-sized business customers, according to Reuters.

JP Morgan, payment fraud protection, SMEs, fraud, SMBs, scammers, COVID-19, pandemic, payment fraud, suspicious payments, bank, fraud hub, legitimate-looking emails, email fraud, FBI, fraudsters

AU10TIX's platform INSTINCT sees increase in synthetic fraud detection

News | Digital Identity, Security & Online Fraud | 01 Sep 2020

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

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

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

News | Digital Identity, Security & Online Fraud | 02 Jun 2020

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

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

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

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

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

News | Digital Identity, Security & Online Fraud | 10 Mar 2020

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

News | Digital Identity, Security & Online Fraud | 22 Nov 2019

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

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

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

82 percent of organizations reported payment fraud incidents in 2018

News | Digital Identity, Security & Online Fraud | 11 Apr 2019

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

News | Digital Identity, Security & Online Fraud | 10 Apr 2019

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

News | Digital Identity, Security & Online Fraud | 10 Apr 2019

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

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

Voice of the Industry | Expert Opinion | 14 Feb 2019

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

News | Digital Identity, Security & Online Fraud | 16 Jan 2019

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

News | Digital Identity, Security & Online Fraud | 03 Jan 2019

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