Insurance industry cloud platform CCC Intelligence Solutions debuted a new data security tool for collision repair shops. The new feature lets auto repairers redact the last six digits of a vehicle identification number (VIN) and personally identifiable information (PII), before sharing estimate information via EMS...
Most crimes, especially most cybercrimes, are crimes of opportunity. And faced with a proliferation of simple yet effective attacks from cybercriminals leveraging scalable tactics powered by innovations like generative artificial intelligence (AI), it is the little changes across an enterprise’s defense program that can make a...
As instant payments become more widely used in the United States, the financial services ecosystem must gird for ever-more-brazen attacks from fraudsters. Nick Fleetwood, head of data services at Form3, said that there’s at least some reference to be gained from the United Kingdom, where there’s...
Porch Group has launched a fraud warning product for title and escrow companies. The new RynohVerifi product is designed to help protect against payment fraud by confirming the payee account ownership and alerting clients to any anomalies with the account details, the company said in a Tuesday...
A lie gets halfway around the world before the truth has a chance to get its pants on. That’s a quote from Winston Churchill, who never lived to see the internet, much less today’s connected digital transformation. But it remains truer than ever within today’s...
With advancements in artificial intelligence and robotics, firms are banking on automation not just to boost efficiency but also to bolster their resilience in navigating market uncertainties, especially in handling critical financial functions like accounts payable (AP) and accounts receivable (AR). Technological progress holds the...
Sony-owned video-game studio Insomniac released a statement Friday (Dec. 22) about a data breach that became known earlier this month. “We’re both saddened and angered about the recent criminal cyberattack on our studio and the emotional toll it’s taken on our dev team,” the company...
Payment service providers are reportedly unlikely to challenge the claims that victims of authorized push payment (APP) fraud make under a soon-to-be-implemented rule in the United Kingdom. Investigating a case and then challenging it before the Financial Ombudsman Service (FOS) would be too expensive in...
Comcast says hackers stole personal data from millions of customers during a recent breach. The data breach involved customers of the company’s cable and internet business Xfinity, Comcast announced Monday (Dec. 18). According to a news release, Xfinity had learned of a vulnerability from software provider Citrix in October, which...
