The problem with fighting fraud — according to GIACT EVP of Product David Barnhardt in this week’s edition of the PYMNTS Topic TBD — is how much information fraudsters have at their fingertips about regular consumers. Between the Equifax hack last year, the Exactis hack last month and the...
One of the recent cyberattacks against Latin American financial institutions, this one targeting Mexico’s central bank, resulted in the theft of a reported $15.2 million. Another one, against Banco de Chile in May, cost about $10 million via fraudulent SWIFT wire transfers. Get the Full Story...
As the world continues its path to becoming more digital, risks are increasingly finding their way into transaction processes, and that calls for a different approach to transaction monitoring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Trulioo, the global identity and business verification provider announced Tuesday (June 12) that it has partnered with Acuant, a global provider of data capture and identity authentication solutions, to enhance GlobalGateway, its online identity verification marketplace. Get the Full Story Complete the form to unlock...
Sun Tzu might approve. 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...
The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As the speed of payments increases around the world, the potential scope of fraud shifts to targets beyond cards. Criminals are taking advantage of the global spread of real-time digital transactions to con chief financial officers, invoice managers and the like, hoping to steal massive...
The new Medicare cards are on their way to consumers, a process that includes giving users of the health payment service numbers that differ from their Social Security accounts — which could reduce identify theft. Get the Full Story Complete the form to unlock this...
It’s all about the head-start. That’s the prime idea behind a new anti-fraud product from Fiserv, which said Monday (May 7) that it had partnered with Rippleshot, a fraud analytics firm, on an “early breach detection” tool. Get the Full Story Complete the form to...
