Fraud Prevention

Finding the Utility in Authentication Friction
Finding the Utility in Authentication Friction
November 04, 2022  |  Digital Identity

An interview with Lenny Gusel, former head of cybersecurity solutions at J.P. Morgan and fraud strategy executive at Bank of America, about the implications and...

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The Many Faces of Fraud Haunt a Beset Holiday Selling Season
The Many Faces of Fraud Haunt a Beset Holiday Selling Season
November 03, 2022  |  Security & Fraud

To borrow from an old holiday chestnut, ‘tis the season for financial scams and cheaters, as the wicked work of fraudsters gets an added bump...

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BBB Partners With Amazon and Capitol One to Identify and Combat Scams
BBB Partners With Amazon and Capitol One to Identify and Combat Scams
November 03, 2022  |  Fraud Prevention

The Better Business Bureau’s (BBB) educational foundation, the BBB Institute for Marketplace Trust, has partnered with Amazon and Capital One to help people learn about,...

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One-Third of Cybercrime Losses Stem From Compromised Business Email
One-Third of Cybercrime Losses Stem From Compromised Business Email
November 03, 2022  |  B2B Payments

When criminals impersonate company executives or business partners to deceive employees into diverting funds their way, that’s business email compromise (BEC). It is also the...

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Learn From an Insider How Data Is Key to Preventing Identity Fraud
Learn From an Insider How Data Is Key to Preventing Identity Fraud
November 03, 2022  |  Fraud Prevention

PYMNTS interviewed Lien Nguyen, senior vice president of fraud prevention at Bank of the West, about the top identity fraud threats and how to stop...

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Can Reputational Costs From B2B Payments Fraud Eclipse Financial Losses?
Can Reputational Costs From B2B Payments Fraud Eclipse Financial Losses?
November 03, 2022  |  B2B Payments

An interview with Pablo Molina, former chief information officer and vice president of IT at Georgetown University and current chief information security officer at Drexel...

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Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
November 03, 2022  |  Fraud Prevention

Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and...

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Preventing Identity Fraud Comes Down to Effective Use of Data
Preventing Identity Fraud Comes Down to Effective Use of Data
November 02, 2022  |  Fraud Prevention

Identity fraud has been growing in recent years and had a notable increase in 2021. Identity theft alone accounted for $56 billion in losses that...

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Putting One-Time Passwords Out to Pasture
Putting One-Time Passwords Out to Pasture
November 01, 2022  |  Security & Fraud

The one-time password — OTP for short — was an ingenious cybersecurity stopgap that worked for a while. But fraud never sleeps, and they’ve cracked...

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