Cybersecurity

Fraud Prevention
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Fraud Prevention
Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
October 20, 2023

Banks in the U.S. report a rapid increase in fraud and fraud losses, highlighting the urgent need for newer and better anti-fraud technologies. The rise of digital banking and faster digital payment methods have made financial institutions (FIs) more vulnerable to increasingly sophisticated fraud and...

Fraud Prevention
Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
October 20, 2023

The rise of digital banking and faster digital payment methods has accelerated fraud and financial crime, prompting banks and financial institutions (FIs) to enhance their systems and processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
Amazon, Microsoft and India Authorities Crack Down on Impersonation Scams
October 20, 2023

Amazon and Microsoft have joined forces to protect consumers from impersonation scams, marking the first time these industry leaders have collaborated to combat tech support fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fraud Prevention
Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud Oversight
October 19, 2023

Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services (DFS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cybersecurity
J.P. Morgan Payments Selects Trulioo for Identity Verification Services
October 19, 2023

J.P. Morgan Payments has chosen Trulioo, a leading identity verification platform, to combat fraud and other financial crimes for its clients, according to an announcement Thursday (Oct. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
Galileo Aims to Combat Fraud With Payment Risk Platform
October 19, 2023

Galileo Financial Technologies has unveiled its Payment Risk Platform to help combat fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Fraud Prevention
NymCard Teams With ACI Worldwide to Fight Financial Fraud
October 19, 2023

Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Cybersecurity
Entersekt Launches Authentication Solution for Mobile Banking Apps
October 18, 2023

Entersekt, a leading provider of authentication solutions, announced Wednesday (Oct. 18) the launch of a fully integrated mobile application authentication solution for financial institutions (FIs), using the Q2 Digital Banking Platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited...