More authentication and identity tech needed with fraud expected to increase

The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for the majority of banks. FICO recently conducted a survey with banks in the reg… Continue reading More authentication and identity tech needed with fraud expected to increase

As the online shopping season begins, consumers worry about cybercrime

A majority of U.S. consumers plan to do most of their holiday shopping online for the first time ever, yet a survey from F-Secure finds that most internet users remain concerned about their exposure to cybercrime. Major consumer trends The survey of sh… Continue reading As the online shopping season begins, consumers worry about cybercrime

Merchants must find ways to balance security with a seamless customer experience

69% of U.S. merchants reported that significant amount of company time and expense is dedicated to dealing with payment fraud, in a survey by American Express. Balance security with a streamlined customer experience Nearly eight-in-ten U.S. merchant re… Continue reading Merchants must find ways to balance security with a seamless customer experience

Cybercriminals targeting e-commerce website vulnerabilities this holiday season

Expect unprecedented levels of online data theft this holiday season due to a lack of deployed client-side security measures. Disturbing lack of security measures Tala Security highlights the widespread vulnerability resulting from integrations that en… Continue reading Cybercriminals targeting e-commerce website vulnerabilities this holiday season

Risky behavior exposes consumers to seasonal security scares

In advance of the peak shopping season, a study from PCI Pal shows that millions of Americans continue to over-indulge in risky behaviors – both online and on the phone, leaving themselves open to seasonal security scares. While 49% of Americans … Continue reading Risky behavior exposes consumers to seasonal security scares

Trusted certificates make phishing websites appear valid

There has been a rampant growth of look-alike domains, which are often used to steal sensitive data from online shoppers. Venafi analyzed suspicious domains targeting 20 major retailers in the U.S., U.K., France, Germany and Australia and found over 10… Continue reading Trusted certificates make phishing websites appear valid

Do your infosec habits make you vulnerable to fraud?

A third of Americans have been a victim of information fraud or identity theft. Despite notable data breaches in 2019, when asked if they update or change passwords/PINs after a company they do business with suffers a data breach, more than a quarter (… Continue reading Do your infosec habits make you vulnerable to fraud?

Evaluating cyber risk during the holiday season

Fears of data loss, identity theft and fraud are leaving American consumers on edge this holiday season, and they’re prepared to hold their financial institution responsible for the damages. This is according to a new study released by Terbium Labs, wh… Continue reading Evaluating cyber risk during the holiday season

Consumers have concerns about cybersecurity, value education on best practices

Nearly three-quarters of consumers (74%) would be likely to participate in a cybersecurity awareness or education program from their financial institution if they offered it. The survey conducted by The Harris Poll on behalf of Computer Services also f… Continue reading Consumers have concerns about cybersecurity, value education on best practices

Online skimming: An emerging threat that requires urgent awareness and attention

A growing threat that all merchants and service providers should be aware of is web-based or online skimming. These attacks infect e-commerce websites with malicious code, known as sniffers or JavaScript (JS) sniffers and are very difficult to detect, … Continue reading Online skimming: An emerging threat that requires urgent awareness and attention