Collaborate Disseminate
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indica… Continue reading AI strengthens banking’s defense against fraud
NICE Actimize has released a report that identifies and analyzes the leading fraud threats and patterns that impacted leading global financial institutions in 2021. Noting that banking fraud continues to rise, the data-driven research study found a 41%… Continue reading Popularity of online payment goes hand-in-hand with fraud
In this interview for Help Net Security, Reza Zaheri, CSO at Quantum Metric, talks about digital banking security and what can banks, as well as consumers, do to protect their assets and data in today’s digital payment world. Digital banking has … Continue reading Keep your digital banking safe: Tips for consumers and banks
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption from all angles. Consumers are digitally connected in almost all facets of th… Continue reading Consumers demand a digital banking experience with security at its foundation
NortonLifeLock published a report detailing the top consumer cybersecurity insights and takeaways from July to September 2021. The latest findings show tech support scams, which often arrive as a pop-up alert convincingly disguised using the names and … Continue reading Tech support scams becoming the top phishing threat to consumers
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that 41 percent of North American consumers are more likely to use digital means to… Continue reading Consumers embracing biometrics to protect their information
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 billion, Javelin Strategy & Research reveals. With traditional fraud, cons… Continue reading Total combined fraud losses climbed to $56 billion in 2020
Many banks across the U.S. and Canada are failing to meet their customers’ online identity fraud and digital banking needs, according to a survey from FICO. Despite COVID-19 quickly turning online banking into an essential service, the survey found tha… Continue reading Banks risk losing customers with anti-fraud practices
Account takeover fraud (ATO) attacks are on the rise, up nearly 300 percent since last year. Continue reading Account Takeover Fraud Losses Total Billions Across Online Retailers
Credit card details, online banking logins, and social media credentials are available on the dark web at worryingly low prices, according to Privacy Affairs. Online banking logins cost an average of $35 Full credit card details including associated da… Continue reading How much is your data worth on the dark web?