Banks risk losing customers with anti-fraud practices
Many banks across the U.S. and Canada are failing to meet their customers’ online identity fraud and digital banking needs, according to a survey from FICO. Despite COVID-19 …
ATM cash-out: A rising threat requiring urgent attention
The PCI Security Standards Council (PCI SSC) and the ATM Industry Association (ATMIA) issued a joint bulletin to highlight an increasing threat that requires urgent awareness …
75% of cardholders prefer contactless cards to other payment methods
Based on responses from 1,000 U.S. cardholders who are familiar with contactless credit/debit card or “tap and pay” technology, a new Entrust Datacard survey reveals that 75% …
23% of leading banks had an exposed database with potential data leakage
Reposify unveiled research findings of critical asset exposures and vulnerabilities in attack surfaces of the world’s leading multinational banks. Researchers measured …
Maximizing customer engagement when fraud prevention is top of mind
With the number of data records breached in 2019 surpassing four billion, fraud prevention and regulatory compliance are, inevitably, top priorities for financial institutions …
Cryptocurrency crime losses more than double to $4.5 billion in 2019
Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. …
More authentication and identity tech needed with fraud expected to increase
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …
Key security priorities for financial services: Preventing fraud and data leaks
The banking and financial services sector is struggling with a skills shortage along with the sheer volume of threats and alerts as it continues its ongoing battle against …
Top compliance and risk management challenges for financial organizations
Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions, according to the results of a Wolters Kluwer survey. …
CPoC: New data security standard for contactless payments
The PCI Security Standards Council (PCI SSC) published a new data security standard for solutions that enable merchants to accept contactless payments using a commercial …
How can financial institutions prevent shopping season fraud?
Black Friday and Cyber Monday are two of the years’ busiest shopping days. For consumers and retailers alike, it marks the beginning of the winter holiday shopping season, as …
UniCredit says personal data of 3 million customers was compromised
Italian global banking and financial services giant UniCredit has announced that its cybersecurity team has identified “a data incident” that resulted in the …
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