Security & Fraud

Security & Fraud
Putting One-Time Passwords Out to Pasture
November 01, 2022

The one-time password — OTP for short — was an ingenious cybersecurity stopgap that worked for a while. But fraud never sleeps, and they’ve cracked the OTP code. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Report: Binance Nears Identification of Those Behind Oct. 6 Hack
October 24, 2022

With help from law enforcement and using its own resources, cryptocurrency exchange Binance is reportedly closing in on identifying the person or people behind an Oct. 6 hack of the company’s BNB Chain blockchain. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Diebold Nixdorf Teams With Featurespace on Fraud Prevention Tech Integration
October 23, 2022

Retail technology company Diebold Nixdorf has joined forces with financial crime prevention firm Featurespace to integrate Featurespace’s fraud prevention tech into Diebold Nixdorf’s Vynamic Payments platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
JPMorgan: ‘Pressure Testing’ Key to Helping Treasurers Fight Payments Fraud
October 21, 2022

“The move to digital has been a wonderful thing,” JPMorgan Head of Client Fraud Prevention for Commercial Banking Alec Grant told Karen Webster. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Checkout.com Introduces Fraud Detection Tool for Merchants
October 19, 2022

The U.K.-based payments service provider Checkout.com on Wednesday (Oct. 19) announced the launch of a new anti-fraud tool, Fraud Detection Pro. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
October 18, 2022

In the never-ending cat-and-mouse game between those looking to defraud consumers and others looking to protect them, the advent of enhanced Strong Customer Authentication (SCA) for payments has equipped consumers with a key weapon. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Prove Identity Debuts Second-Factor Authentication in Brazil with OZ Corretora de Cambio
October 13, 2022

Identity authentication services company Prove Identity has begun offering its services in Brazil, with its first customer in the region being OZ Corretora de Câmbio, which works with foreign exchange services, a press release said. Get the Full Story Complete the form to unlock this...

Security & Fraud
AI Provides Context Needed to Help Banks Stop Financial Scams
October 13, 2022

In a recent conversation with Karen Webster, Featurespace Founder Dave Excell and MidFirst Bank Vice President and Director of Enterprise Fraud Candler Eve sounded the alarm in the battle against payments fraud. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Fraudsters Shift Focus to Big-Ticket Real Estate Closing Scams
October 09, 2022

The Secret Service has been looking into identifying scammers moving millions of stolen dollars through banks around the New York tri-state area. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...