Cybersecurity

branchless banking future

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. ...
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Covid-19 causing fraud scams

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 ...
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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 ...
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cybersecurity challenges for small business

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 ...
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business email compromise threats are growing

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 ...
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global fraud grows during coronavirus pandemic

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 ...
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loyalty program fraud up 89%

Loyalty program fraud growing fast; merchants unprepared

When it comes to loyalty program fraud, merchants are unprepared, and consumers are uninformed about the risk to their personal information and their hard-earned rewards according to e-commerce ...
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iGaming fraud report

Scams plague online gaming industry, Super Bowl too

In the run-up to the Super Bowl LIV, iovation released its 2020 iGaming Report, providing an analysis of more than 4 billion online gambling transactions from the past ...
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Australia brushfires

Latest Magecart e-commerce attack hits nonprofit Australian brushfire donors

What do these companies all have in common? British Airways, Ticketmaster, Newegg, Delta Airlines, Sears, Proctor & Gamble, and Macy’s. If you’re in the payments industry, you might ...
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cyber bot crime growing

Holiday sales cheer mixed with bot and mobile cyberattack headaches

The good news is US Black Friday weekend holiday sales grew an estimated 19.7% according to Adobe Analytics. The bad news according to LexisNexis® Risk Solutions (LNRS) is ...
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