The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit unions were “knocked out of commission” by ransomware attacks towards the end of the year. Those CUs had all been...
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. And as Rob Tharle, head of fraud strategy at NICE Actimize, told PYMNTS in a recent interview, financial institutions (FIs) and merchants...
Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. The Financial Times, citing the trade body UK Finance, reported bad guys were able to steal £1.2bn last year, up from £967m in 2017. The uptick in fraud...
June 03, 2020
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. And as Rob Tharle, head of fraud strategy at NICE Actimize, told PYMNTS in a recent interview, financial institutions (FIs) and merchants need to adopt a multi-layered approach to combatting those bad […]
March 21, 2019
Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. The Financial Times, citing the trade body UK Finance, reported bad guys were able to steal £1.2bn last year, up from £967m in 2017. The uptick in fraud comes as banks wrestle with fighting data breaches, some of […]
