Fraud Prevention

Fraud Prevention
Remote Work Challenges FIs To Rethink Data Security
May 28, 2021

The past year saw an explosion in the number of employees working from home, and many are expected to remain there. Seventy-four percent of chief financial officers expect some of their employees to continue working remotely for the foreseeable future, in fact, and 81 percent...

Fraud Prevention
PYMNTS Fastly Study: A Modern DevOps Approach Centers On Collaboration And Active Protection
May 19, 2021

Development teams are earning their keep (and then some) during the pandemic, keeping up with — and staying ahead of — prevailing 2021 trends in eCommerce and mobile security. PYMNTS May 2021 Solving The Performance And Security Equation: The New Rules For Secure Web Apps And APIs...

Fraud Prevention
Deep Dive: How Dark Web Marketplaces Fuel Fraud And How Merchants Can Fight Back
May 14, 2021

Bad actors leverage a bewildering variety of schemes, including ATOs, credential stuffing and phishing, against merchants. What all of these attack vectors have in common is that they rely on stolen customer data like email addresses, passwords or Social Security numbers, with fraudsters using these...

Fraud Prevention
NEW REPORT: FIs Elevate Their API, Web App Strategies With Performance-Enhancing Security
May 14, 2021

  Web apps and application programming interfaces (APIs) power eCommerce, real-time payments and location-based services such as Instacart, but they are also becoming the focus of a range of increasingly sophisticated cyberattacks that can compromise personal data and interrupt the customer experience. Cybercriminals leverage a...

Fraud Prevention
How Slice Counters Dark Web-Based Credential Stuffing Attacks On Its Mobile Ordering App
May 13, 2021

Account takeovers and credential stuffing attacks are surging, with fraudsters buying stolen credentials from the dark web to target first-time digital consumers. In this month’s Digital Fraud Tracker, Slice's Jason Ordway discusses its two-pronged approach for keeping orders secure for its 15,000 pizzerias across the...

Fraud Prevention
Slice Keeps Fraudsters From Getting A Piece Of The Data Pie
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 than ever with which to conduct their attacks. A study found that there are more...

Fraud Prevention
eCommerce Fraud Prevention Firm Riskified Mulls IPO
May 06, 2021

Riskified, a startup focused on preventing eCommerce fraud, is considering an initial public offering (IPO) that could come this year, Bloomberg reported Thursday (May 6), citing sources. The company is working with Goldman Sachs on the potential listing, but still hasn’t decided on an IPO...

Fraud Prevention
Deep Dive: How Firms Can Reduce The Risk Of Authorized Payment Attacks
April 30, 2021

Cash flow is king for companies of all sizes, but businesses must strategize to keep fraudsters from stealing the crown. Bad actors are employing a widening array of new schemes to muscle their way into companies’ digital doors. Thirty-four percent of companies surveyed in one...

Fraud Prevention
How Fostering A Culture Of Fraud Awareness Alongside Automated Tools Can Help Businesses Beat BEC...
April 29, 2021

Fraudsters have found a new twist on an old favorite — business email compromise scams. In the inaugural Preventing Financial Crimes Playbook, Jeff Taylor, senior vice president of Commercial Fraud Forensics at Regions Bank, explains how the bank is using automated technologies to stop BEC...