Cybersecurity

Cybersecurity
Companies See Work From Home As A Security Threat
September 27, 2020

Once rare, telecommuting has become routine during the pandemic. 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 form,...

Fraud Prevention
Deep Dive: How Identity Fraud Targets Banks
September 25, 2020

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 form, you agree to receive marketing communications from PYMNTS and...

Fraud Prevention
FinServ Redraws Its Fraud-Fighting Roadmap
September 25, 2020

Although still a horrific event, the ongoing coronavirus crisis has, in many ways, created positive outcomes. In the world of payments, the pandemic introduced a once-in-a-lifetime event to accelerate digitization and adoption of electronic payments, much to the benefit of all parties involved. Get the...

Cybersecurity
Remittances Get A Needed Boost From AML/KYC/CTF
September 24, 2020

Remittances are a lifeline for those working abroad and sending funds to with loved ones back in their country of origin. But COVID-era workarounds like remote onboarding and account creation have left many doors and windows open for cybercrooks to slip through. Get the Full...

Fraud Prevention
How Axis Bank Prevents Identity Fraud With Video-Based Onboarding
September 24, 2020

Identity fraud is pervasive threat, with fraudsters stealing identities and constructing fake ones to steal $16.9 billion in 2019. Technologies like video onboarding and artificial intelligence (AI) have shown promise in facing this threat, but each is vulnerable when deployed alone. In this month’s Fighting...

Cybersecurity
Jumio Unveils Identity Verification With Biometrics For Microsoft Azure
September 23, 2020

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients. The technology allows for a biometric and instinctive method of verifying new clients prior to the time that they receive login...

Fraud Prevention
Report: Overcoming ID Fraud’s Technology Blind Spots
September 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total...

Cybersecurity
Shopify: 2 Employees Took Consumer Data From Merchant Sites
September 22, 2020

Two Shopify employees stole data from over 100 merchants, possibly exposing data from consumers who shopped on web stores using the company’s eCommerce software, according to the company, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
FTC Reports $145M In COVID-Related Scams Since January
September 22, 2020

More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported on Tuesday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...