As enterprises continue to embrace alternate methods of payment structure, card-not-present, or CNP, fraud will develop into other types of fraud. What will these types be? Experts Dondi Black of TSYS Payment Solutions and Dave Excell of Featurespace - share their views.
The PCI Security Standards Council on Thursday released the Payment Card Industry Data Security Standard version 4.0. The latest version's improvements are intended to counter evolving threats and technologies, and the new version will enable innovative methods to combat new threats.
The U.S. Department of Justice has indicted a 23-year-old Russian national for operating a cybercriminal marketplace that sold thousands of stolen login credentials, PII and authentication tools, according to U.S. Attorney Brit Featherston of the Eastern District of Texas.
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
Russian authorities have continued to arrest alleged administrators of multiple Russian-language cybercrime markets and communities, including Ferum Shop, Sky-Fraud and Trump's Dumps. It follows last month's arrest of suspected REvil/Sodinokibi ransomware affiliates based in the country.
The U.S. e-commerce website, PulseTV, recently disclosed a data security breach involving over 200,000 customer credit card details. It is believed that only customers who purchased products on the website with a credit card between Nov. 1, 2019 and Aug. 31, 2021 may have been affected.
2021 has been a dynamic year for fraud and financial crime, and the events that have emerged out of the quickly changing risk landscape continue to create new vulnerabilities for financial services organizations (FSOs).
Key fraud and AML trends of the past year have been particularly prevalent and are positioned...
2021 has been a dynamic year for fraud and financial crime, and the events that have emerged out of the quickly changing risk landscape continue to create new vulnerabilities for financial services organizations (FSOs).
Key fraud and AML trends of the past year have been particularly prevalent and are positioned...
Four editors at ISMG discuss important cybersecurity issues, including law enforcement agencies' crackdown on ransomware operations, how banks are building their technology stacks to counter card fraud and whether the "work from anywhere" model is beneficial for employees in the long term.
In order to counter card-not-present fraud, banks in South Africa need user and entity behavior analytics - or UEBA - and artificial intelligence says Deon Louw, head of fraud, RBB at Nedbank in South Africa.
With many countries opening up for tourists, the airline industry is seeing a rise in fraudulent credit card transactions, says Johan Waldeck, senior forensic investigator at Comair Limited, a leading South African airline company.
Visa's Payment Fraud Disruption team reports that cybercriminals are increasingly using web shells to establish command and control over a retailers' servers during payment card skimming attacks.
As digital payments have skyrocketed as a result of the surge in e-commerce during the pandemic, more organizations have provided feedback on enhancing EMVCo's specifications to help fight fraud, two executives with the global technical body say.
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