Cybersecurity

Cybersecurity
Jumio Unveils Identity Verification With Biometrics For Microsoft Azure
September 23, 2020

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients. The technology allows for a biometric and instinctive method of verifying new clients prior to the time that they receive login...

Fraud Prevention
Report: Overcoming ID Fraud’s Technology Blind Spots
September 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total...

Cybersecurity
Shopify: 2 Employees Took Consumer Data From Merchant Sites
September 22, 2020

Two Shopify employees stole data from over 100 merchants, possibly exposing data from consumers who shopped on web stores using the company’s eCommerce software, according to the company, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
FTC Reports $145M In COVID-Related Scams Since January
September 22, 2020

More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported on Tuesday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cybersecurity
Americans Rush To Download WeChat App In Advance Of Ban
September 22, 2020

WeChat users in the U.S. are racing to download the Chinese multi-purpose messaging, social media and mobile payment app, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
EMV 3DS: Why 2020 Is Different
September 22, 2020

“Never buy a couch without consulting your spouse.” It’s timeless advice, but PAAY Chief Technical Officer Adam Gluck told Karen Webster that a friend of his recently failed to heed it. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cybersecurity
HSBC To Staff: Stay Off Bank’s Social Media Accounts
September 21, 2020

The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept. 21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ).  Get the Full Story Complete the form to...

Cybersecurity
California Freezes Jobless Claims As Anti-Fraud Efforts Trigger Massive Backlog
September 21, 2020

California is putting all new unemployment benefits claims on hold for the next two weeks as it tries to sort out an epic backlog affecting more than 1.6 million people who have lost their jobs amid the coronavirus crisis. Get the Full Story Complete the...

Cybersecurity
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...