Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect the company’s banking customers against scams, fraud and other financial crimes by offering real-time assessments of account trustworthiness, according to...
Cybersecurity researchers have uncovered a sophisticated malware campaign using fake AI video generation software to steal sensitive data from Windows and Mac users, highlighting new risks as businesses rush to adopt artificial intelligence tools. Security experts warn that the campaign, first reported by Bleepingcomputer, employs...
Artificial intelligence is a double-edged sword for modern enterprises. The role of the chief information security officer (CISO) is central to protecting financial transactions and mitigating payments risk when integrating or developing digital payments innovations. The CISO role is also increasingly vital as it relates...
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has...
November 22, 2024
As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and resilient fraud prevention measures. Marcos Gelfi, vice president – global head of commercial fraud/dispute products and cardholder solutions at Discover® Global Network, Jeff Hallenbeck, head of payments at Forter, and Freyja McKenna, head […]
October 29, 2024
The flood waters have yet to recede. In Florida, the devastation is not fully accounted for, and the costs are not fully tallied. All of that will take time. However,...
October 17, 2024
How do you deal with an entity that is so malicious it will use a natural disaster to commit cybercrimes? It’s happening in the wake of the two hurricanes that...
October 10, 2024
Among the meteoric rise of payments innovation, tokenization’s widening adoption has been among the most notable. It’s been around for more than a decade, but even today — with explosive...
November 20, 2024
Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect the company’s banking customers against scams, fraud and other financial crimes by offering real-time assessments of account trustworthiness, according to a Wednesday (Nov. 20) press release. “The network’s foundational behavioral […]
October 30, 2024
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in...
October 28, 2024
Amazon and Google are taking action against a website that generates fake product/business reviews. The two tech giants have filed parallel lawsuits against Bigboostup.com, accusing it of selling phony product and business reviews...
October 24, 2024
Socure plans to acquire Effectiv to create a unified identity, fraud and risk decision engine and offer its partners a “single view of identity.” The $136 million deal, expected to...
