With total fraud losses outside of consumer losses expected to reach $31 billion by 2020, it’s no wonder payments provider TSYS partnered up with adaptive analytics and real-time learning platform provider Fearturespace for a new venture into the fraud prevention and cybersecurity space. Dubbed the...
Behavioral analytics and machine learning can combine to root out fraud that is getting ever faster and harder to detect — even as payments go global and, of course, are ever faster. Guardian Analytics’ CEO, Laurent Pacalin, took PYMNTS’ Karen Webster through the ways subtle...
New research shows that more than one in 10 Brits have cancelled a credit or debit card in the past year due to online fraud. Finextra reports that the number of people canceling cards has risen from 4.5 million to 5.5 million since the research was last...
Merchants that accept checks or online payments are being warned about a scam that could cost them time and money. The Federal Trade Commission (FTC) reported that federal officials, consumer advocates and businesses are hearing from people who have responded to ads, websites, phone calls,...
College kids will soon be leaving campus for spring break, and that’s a perfect time for “Family Emergency Scams,” according to a press release. BBB Serving Central Indiana is warning the public about this scam, which happens when a parent or grandparent is called and told...
A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of...
Making sure you are who you say you are is the central tenet in transactions, online and off. But in an age where identities have disparate digital attributes, how do you separate the wheat from the chaff from the synthetic persona on the other end...
A study released by the Federal Trade Commission’s (FTC) Office of Technology Research and Investigation has found that most major online businesses don’t have enough cybersecurity and are not doing enough to prevent consumers from phishing attacks. Phishing is an email scam where cyber criminals send a...
Pelican, a global provider of payments and compliance solutions for banks and corporates, is using the latest in technology to protect its clients from wire transfer fraud through its new Pelican Secure Fraud Prevention solution. Finextra reported on the announcement, which detailed how the company...
