Cybersecurity

Cybersecurity

only 38% use gift cards within 30 days
Credit Card & Online Fraud Cybersecurity

E-gift cards see 820% jump in malicious attacks in 2020

While the popularity of e-gift cards is growing, it’s also accompanied by an increase in malicious attacks with the onset of COVID-19. Among the brands protected by PerimeterX, ...
Read more Comments Off on E-gift cards see 820% jump in malicious attacks in 2020
Forter Smart Routing
Banking Cybersecurity Payments Technology

New fraud prevention tool will reduce merchant false order declines

Merchants, payment gateways, credit card issuers, and banks and have long battled the problem of orders falsely declined as part of fraud prevention programs often operated in isolation ...
Read more Comments Off on New fraud prevention tool will reduce merchant false order declines
synthetic identity fraud
Credit Card & Online Fraud Cybersecurity E-commerce

Financial services see surge in online fraud during pandemic

With the rise of e-commerce and digital payments during the COVID-19, new research by TransUnion shows fraudsters are also getting in on the action. The recent report showed ...
Read more Comments Off on Financial services see surge in online fraud during pandemic
Postbank fraud $3.35 M
Banking Credit Card & Online Fraud Cybersecurity

Out of Africa: Postbank scam hits 12 million South Africa bank customers

“Bank heist! How insiders stole millions and threatened the cybersecurity of more than 12 million South African bank customers.” It’s got all the makings of a made for ...
Read more Comments Off on Out of Africa: Postbank scam hits 12 million South Africa bank customers
branchless banking future
Banking Cybersecurity

The biggest danger to branchless banking?

With a third of the global population on lockdown and scores of bank branches closed, many are convinced that branch banking is dead, and the future is branchless. ...
Read more Comments Off on The biggest danger to branchless banking?
Covid-19 causing fraud scams
Cybersecurity E-commerce

COVID-19 unleashes fraud attacks, scams on business & young consumers

A new quarterly analysis of global online fraud trends found the telecommunications, e-commerce, and financial services industries were increasingly impacted along with Millennials among the victims most targeted ...
Read more Comments Off on COVID-19 unleashes fraud attacks, scams on business & young consumers
Credit Card & Online Fraud Cybersecurity

Payments fintech PAAY exposes 2.5M credit card numbers

A large payments database owned by New York mobile payments processor PAAY left millions of credit card and other payments transactions exposed for more than three weeks before ...
Read more Comments Off on Payments fintech PAAY exposes 2.5M credit card numbers
cybersecurity challenges for small business
Credit Card & Online Fraud Cybersecurity

The challenging state of small business cybersecurity

New research from business news site The Manifest shows 15% of US small businesses suffered a hack (7%), virus attack (5%), or data breach (3%) in 2019. The ...
Read more Comments Off on The challenging state of small business cybersecurity
business email compromise threats are growing
Cybersecurity

Business scams, email fraud growing during coronavirus pandemic

Last week, both the FBI and the IRS issued warnings of increased business and consumer fraud during the COVID-19 pandemic. Research from security experts at Proofpoint shows the ...
Read more Comments Off on Business scams, email fraud growing during coronavirus pandemic
global fraud grows during coronavirus pandemic
Credit Card & Online Fraud Cybersecurity E-commerce

TransUnion reports both e-commerce growth and COVID-19 fraud increase

Since the World Health Organization (WHO) declared the novel coronavirus outbreak a pandemic on March 11th, new research by TransUnion identified a 23% increase in weekly e-commerce transactions ...
Read more Comments Off on TransUnion reports both e-commerce growth and COVID-19 fraud increase