Today’s sophisticated cyberfraud landscape requires constant vigilance by merchants against the ever-present threat of bad actors. As companies take crucial steps to update their prevention toolkits against increasingly digital and modern threats, cybercriminals are already collaborating on new ways to exploit organizational vulnerabilities across the...
Digital payments are taking the world by storm, with their total transaction value expected to hit $8.5 trillion by the end of this year. Gone are the days of electronic payments being solely the domain of large corporations via wire transfer, with peer-to-peer (P2P) payment...
Digitizing payments has increased ease of use and transaction volumes, but both check and ACH fraud are still commonplace. In this month’s "Digital Fraud Tracker," PYMNTS talked with Seth Ruden, senior director of fraud operations for First Tech Federal Credit Union, about crafting a holistic...
Digital payments are quickly becoming the new normal, but there is still a sizable contingent of consumers that prefer cash or paper checks. A recent study found that the proportion of individuals leveraging digital payment methods hit 82% in 2021, an increase from 78% in...
May 21, 2024
Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a double-edged sword. While necessary for security, it can also create friction in customer experiences. But as identity fraud continues to rise, the need for aggressive yet user-friendly identity verification solutions […]
April 26, 2023
Today’s sophisticated cyberfraud landscape requires constant vigilance by merchants against the ever-present threat of bad actors. As companies take crucial steps to update their prevention toolkits against increasingly digital and...
June 02, 2022
Digital payments are quickly becoming the new normal, but there is still a sizable contingent of consumers that prefer cash or paper checks. A recent study found that the proportion...
May 12, 2021
Phishing, account takeovers (ATOs) and other types of fraud are endemic in the retail industry, especially as more merchants migrate online during the pandemic, and fraudsters now have more resources...
March 17, 2020
With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud. Called Kount Control, it is an “adaptive protection solution” that will evaluate user behavior and device activity to try and assess when activity on a platform […]
August 22, 2018
Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. 22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate...
April 14, 2017
While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set...
March 06, 2017
Workplace communication and collaboration platform Slack disclosed earlier this week that a major security vulnerability within its system was patched. While it’s good news that the security hole is closed,...
