Articles with tag like: payment fraud

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Credit Suisse fined USD 350 mln over loan scandal

News | Digital Identity, Security & Online Fraud | 20 Oct 2021

Credit Suisse has been fined nearly GBP 350 million by global regulators, pleaded guilty to wire fraud.

payment fraud, regulation, financial services, financial crime, lending

Nationwide announces new service to give members enhanced scam protection

News | Digital Identity, Security & Online Fraud | 01 Oct 2021

Nationwide Building Society has announced its support for helping protect members from Authorised Push Payment (APP) scams.

digital identity, fraud prevention, scam, payment fraud

Fighting fraud with data enrichment – exclusive interview with SecuredTouch

Interviews | Digital Identity, Security & Online Fraud | 23 Sep 2021

The Paypers set down with Ran Wasserman, Former CTO at SecuredTouch and now Principal Architect at Ping Identity, to discuss about data enrichment and its role into fighting fraud

data, fraud prevention, behavioural biometrics, payment fraud, bot attacks

AusPayNet releases 2020 payment card fraud data

News | Digital Identity, Security & Online Fraud | 18 Aug 2021

New data released by the payments industry self-regulatory body, Australian Payments Network (AusPayNet), has shown a slight increase in online card fraud in 2020.

fraud management, payment fraud, credit card fraud, online fraud

The secret tactic fraudsters are using to attack your business

Voice of the Industry | Digital Identity, Security & Online Fraud | 09 Aug 2021

Sift Trust and Safety Architects examine global network data from 34k+ sites and apps to uncover the hidden driver of the Fraud Economy. Jane Lee depicts the way fraudsters leverage digital content for their malicious activities, and why tackling content abuse should be a high priority for businesses

online security, spam and abuse, fraud prevention, account takeover, payment fraud

Digital transaction fraud: Stopping cybercriminals, not your customers

Voice of the Industry | Digital Identity, Security & Online Fraud | 30 Jun 2021

Reed Taussig, CEO of Outseer, discusses the changes in consumer behaviour and expectations that were brought on by the pandemic, outlining the future fraud challenges

online payments, online fraud, fraud management, payment fraud

71% of respondents from in China, the UK, and the US feel that online brands are now prioritising speed over security, Trulioo research finds

News | Digital Identity, Security & Online Fraud | 29 Jun 2021

According to research from Trulioo, 71% of respondents living in China, the UK, and the US feel that online brands are now prioritising speed over security.

online fraud, payment fraud, data privacy

Citibank loses USD 500 mln in accidental payments

News | Digital Identity, Security & Online Fraud | 07 Jun 2021

US-based Citibank has been forced to lose around USD 500 million after accidentally wiring almost USD 900 million of its own money to lenders while serving as Administrative Agent.

banks, fraud prevention, payment fraud

Sift launches new features for its Digital Trust & Safety suite to protect merchants against fraud

News | Digital Identity, Security & Online Fraud | 30 Apr 2021

Sift has announced the launch of several new features for its Digital Trust & Safety suite that aim to improve the protection of Adobe Commerce and Magento Open Source against account takeover and payment fraud.

Sift, account takeover, payment fraud, merchants, fraud prevention

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