Articles with tag: risks

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Nearly 26,000 Shopify stores are related to fraudulent practices, Fakespot says

News | Digital Identity, Security & Online Fraud | 23 Dec 2020

Analysis by ecommerce authentication service Fakespot have found that nearly 21% of Shopify stores pose a risk to their customers.

Shopify, fraudsters, risks, Fakespot, report, COVID-19, coronavirus, pandemic, transactions, sellers, violations, fraud

The hidden fraud danger of the 2020 holidays: Focus on accounts

Voice of the Industry | Digital Identity, Security & Online Fraud | 18 Dec 2020

Itay Levy, CEO at Identiq, shares his insights regarding the dangers of account-based fraud during the 2020 holiday season

Itay Levy, Identiq, account fraud, holiday season, online shopping, checkout, risks, account takeover, ATO, merchants, phishing, fraudulent transactions, identity verification, BOPIS

4iQ, Alto Analytics merge, rebrand as Constella Intelligence

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

4iQ and Alto Analytics have announced the two companies merged and rebranded as Constella Intelligence (Constella). 

4iQ, Alto Analytics, merger, rebranding, Constella Intelligence, risks, vulnerabilities, analytics, fraud

COVID-19, PSD2, and the consequences for payments-21

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Dec 2020

Kurt Schmid, Netcetera: 'If the right technologies are used and processes are optimised, the requirements of PDS2 and Strong Customer Authentication can be met without jeopardising conversion and without having to fear revenue loss' 

Kurt Schmid, Netcetera, COVID-19, PSD2, pandemic, coronavirus, ecommerce, online shopping, fraud, risks, CNP fraud, SCA, PSD2, 3DS, biometrics, security, tokenization, authentication, risk management, cards

Refinitiv finishes GIACT's acquisition

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

Refinitiv has expanded its suite of risk and compliance products following the acquisition of Giact Systems (GIACT).

Refinitiv, acquisition, GIACT, risks, compliance, digital identity, fraud prevention, payments, money laundering, KYC

Banks see cyber costs soaring in 2021 due to digitalisation brought by COVID-19

News | Payments General | 30 Nov 2020

With many financial services becoming digital due to COVID-19, banks and other financial firms predict the cost of warding off cyber criminals will keep climbing in 2021.

Deloitte, survey, banks, cybersecurity, risks, digitalisation, COVID-19, banks, brokers, insurers, cloud

SIA, INFORM launch digital service to improve the authentication process in ecommerce payments

News | Digital Identity, Security & Online Fraud | 12 Nov 2020

SIA has announced the launch of a digital service for financial institutions across Europe that allows their customers to speed-up the authentication process for online payments.

SIA, INFORM, business partnership, launch, digital service, financial institutions, Europe, authentication process, online payments, PSD2, RiskShield, ecommerce, COVID-19, pandemic

COVID-19 driving an acceleration in adoption of identity verification

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

A new research from Trulioo has found that 72% of online marketplaces have increased their adoption of ID verification technology as a direct consequence of COVID-19.

Trulioo, research, online marketplaces, ID verification, COVID-19, digital services, fraud, security risks, account creation, UK, US, cyber-crime,

Fintech Omnio and CUFA partner for lending services

News | Payments General | 28 Aug 2020

BaaS fintech Omnio’s Credit Union business KESHO has partnered with Credit Union Financial Analytics (CUFA), an analytics company for managers and trustees of credit unions (CUs). 

Fintech, Omnio, CUFA, lending, KESHO, Credit Union, CU, Credit Union Financial Analytics, BaaS, UK, Republic of Ireland, analytical tools, Curtains platform, CUFA Lending Analytics, CLA, risks, consumer loan portfolio, financial management platform

BioCatch reveals a tool that helps fraud teams provide security automation

News | Digital Identity, Security & Online Fraud | 21 Aug 2020

BioCatch has released the BioCatch Case Manager, a new tool that aims to help fraud and security operations teams facilitate and automate incident response. 

BioCatch, fraud, security automation, fraud management, fraud analysts, risks, risk score, behavioural biometrics

Netcetera and INFORM tackle PSD2 and 3DS challenges together

News | Digital Identity, Security & Online Fraud | 18 Aug 2020

Netcetera and INFORM have teamed up to help merchants, acquirers, and card issuers comply with the PSD2 regulation. 

Netcetera, INFORM, merchants, acquirers, card issuers, PSD2, compliance, RiskShield, ecommerce shopping, ecommerce, Strong Customer Authentication, SCA, ecommerce payments, POS, merchants, EMVCo, two-factor authentication, online shoppers, abandoned shopping carts, cart abandonment, card schemes, 3DS

Vesta, Plaid join forces for guaranteed ACH payments

News | Digital Identity, Security & Online Fraud | 12 Aug 2020

Vesta has integrated with Plaid to launch Guaranteed ACH, a payment solution that enables online automated clearing house (ACH) payments.

Vesta, integration, Plaid, ACH payments, fraud, fees, account authentication, payment methods, merchants, risks

Fraud management during challenging times: learning from recent experience

Interviews | Digital Identity, Security & Online Fraud | 29 Jul 2020

Mark Strachan, Director, Cybersource Global Services, shares insights into best-practice approaches merchants can take in response to recent changes in consumer and fraudster behaviour

Mark Strachan, Cybersource, fraud, management, merchants, COVID-19, risks, transactions, screening, bot attacks, account takeover, chargeback, cards, fraud management, fraud prevention, ML, AI

LexisNexis' study finds 7.3% increase in fraud costs for US retailers

News | Digital Identity, Security & Online Fraud | 22 Jul 2020

LexisNexis Risk Solutions has released its 11th annual LexisNexis Risk Solutions 2020 True Cost of Fraud Study: e-Commerce/Retail Edition. 

LexisNexis Risk Solutions, fraud, US, retailers, ecommerce, fraud attacks, retail, synthetic identities, risks

Ipsidy partners with IECISA for mobile facial biometric identity solutions

News | Digital Identity, Security & Online Fraud | 21 Jul 2020

Ipsidy and IECISA have signed a strategic partnership agreement to offer innovative identity solutions, enhanced with verification by RENIEC, the Peruvian National ID Registry.

Ipsidy, IECISA, partnership, mobile facial biometrics, identity, security, IDaaS, onboarding, ecommerce, risks, cybercrime, KYC

Accertify reveals digital identity solution to fight account opening and ATO fraud

News | Digital Identity, Security & Online Fraud | 17 Jul 2020

Accertify has announced the launch of a new solution designed to help organisations address the significant rise in fraudulent online account openings and account takeovers. 

Accertify, launch, digital identity, account opening, account takeover fraud, identity theft, loyalty points, fraud, risks, bot attacks

Crisis and lockdown: How some markets are playing their cards right

Voice of the Industry | Digital Identity, Security & Online Fraud | 30 Jun 2020

Nicolas Engel, Director, Managed Risk Solutions at CyberSource, explores how businesses have best adapted to the new COVID-19 normal, and sees how agility is a decisive factor in this uncertain world

Nicolas Engel, CyberSource, COVID-19, coronavirus, pandemic, lockdown, IATA, travel, airlines, identity, fraud, fraud rate, fraud management, behaviour, risks, payments, IP address, data, merchants, fraudsters, contactless payments, online payments, POS

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

LexisNexis Risk Solutions, Synectics Solutions, NFI team up to manage fraud risks

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

Global data and analytics provider LexisNexis Risk Solutions has announced its partnership with anti-fraud data management company Synectics Solutions

LexisNexis, risks, partnership, the National Fraud Initiative, Synectics Solutions, data, analytics, anti-fraud, management, UK, fraud detection, fraud prevention, onboarding, identification

Visa Token Service issues 1 bln tokens worldwide

News | Digital Identity, Security & Online Fraud | 23 Jun 2020

Visa has announced that the company issued more than one billion tokens worldwide through its Visa Token Service (VTS).

Visa, token, Visa Token Service, VTS, ecommerce, securing payments, cardholder, secure token, card number, merchants, retailers, tokenization, credential-on-file, COF, operational risks, data protection, mobile carriers, Token ID, Turkey, China, Token Management Service, CyberSource, token identifier, cards, bank accounts, local payment schemes, online shopping, Visa Cloud Token Framework, Brazil, WhatsApp, WhatsApp payments