security and fraud

Scam Factories Exploit Advanced Tech to Amplify Payments Fraud

Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
March 13, 2024  |  Cybersecurity

Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting...

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Nearly 60% of Firms Say Failed Payments Are Expensive to Track and Resolve
Nearly 60% of Firms Say Failed Payments Are Expensive to Track and Resolve
February 23, 2024  |  Digital Payments

False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning.  Get the Full...

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FTC Raises Red Flags Over QR Codes and Fraud
FTC Raises Red Flags Over QR Codes and Fraud
December 07, 2023  |  Cybersecurity

Consumers who scan a QR code for what they think is a legitimate purpose could actually be giving their personal information to scammers. Get the...

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3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation to Prevent Data Breaches
3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation to Prevent Data Breaches
November 20, 2023  |  Cybersecurity

False declines are a significant yet often overlooked issue that impacts both businesses and consumers. Picture this: You attempt to make a purchase, only to...

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‘Rare’ Android Malware Uses OCR to Steal User Info
‘Rare’ Android Malware Uses OCR to Steal User Info
July 30, 2023  |  Cybersecurity

Security researchers have reportedly discovered malware that steals user data via optical character recognition. Get the Full Story Complete the form to unlock this article...

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Open Banking Can Help Banks Beat Fraudsters, GIACT Says
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
July 19, 2023  |  Digital Identity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise...

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Former Chief Growth Officer of Frank Indicted for Fraud
Former Chief Growth Officer of Frank Indicted for Fraud
July 12, 2023  |  Cybersecurity

Federal prosecutors have filed charges against a second former executive of college financial-planning startup Frank. Get the Full Story Complete the form to unlock this...

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SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
July 11, 2023  |  Cybersecurity

The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. Get the...

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