PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. Mixing Internal and Internal Fraud. However, the case is also a unique instance of fraud stemming from both within an organization and from a third party. Smaller Lenders Fall Victim.

B2B 62

B2B Invoicing Corporate Finance Transportation 62

PYMNTS

JULY 16, 2020

The Facebook Pay feature will also include “anti-fraud monitoring,” while allowing users to add a PIN or biometric-based safeguards such as Touch ID or Face ID. Businesses looking to sell their wares and products on Instagram Shop can create collections in their shops on Instagram and tag products in their content, Facebook said.

Securities 60

Securities Planning 60

PYMNTS

JUNE 1, 2020

As the threat of B2B payments fraud persists, PYMNTS looks at the data behind some of the other latest cases of such digital scams. The case highlights the fraud risks of continued use of paper checks in B2B payments. 38,870 was allegedly stolen from a company through a fraudulent vendor scheme , reports in Herald.ie said recently.

B2B 59

B2B Construction Healthcare Securities 59

PYMNTS

SEPTEMBER 9, 2020

Bitdefender said in its Mid-Year Threat Landscape Report 2020 that four out of 10 pandemic-themed emails in the first half of the year on average were tagged as spam. “As These new avenues of fraud have taken advantage of worries over stimulus checks and public health concerns amid the current health crisis to attract victims.

Numbers 52

Numbers Accounting Securities 52

PYMNTS

FEBRUARY 21, 2020

It also includes Payment Track’s fraud prevention capabilities, which enable users to immediately put their account on hold if they see anything suspicious. The tool also categorizes payments so people can track business spending and tag payments to a specific job or client.

Credit Risk 64

Credit Risk Startups Accounting Banking 64

PYMNTS

SEPTEMBER 19, 2019

Many organizations are thus tapping into advanced, unsupervised learning technologies — which provide opportunities to reduce financial fraud as detection becomes smarter and machine learning more robust — like artificial intelligence (AI) for assistance. The High Costs Of Fraud . Getting AI Security Right .

Securities 51

Securities Technology Banking Accounting 51

PYMNTS

APRIL 1, 2019

Synthetic fraud is a brave new frontier in bilking billions, as commerce goes increasingly online. The money is being earmarked across a number of initiatives, designed to combat synthetic fraud. Flavors Of Fraud. Drilling down on the details, Harris maintained that there are two types of synthetic fraud.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

JANUARY 28, 2020

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration. million per incident. Then multiply that by the 4.1 The figures are staggering.

Education 57

Education Accounting Securities Banking 57

PYMNTS

OCTOBER 19, 2020

The following Deep Dive explores cross-border payments’ challenges, including time-consuming government inspections, lack of transparency and the potential for fraud. A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns.

Technology 77

Technology Securities Treasury Banking 77

PYMNTS

FEBRUARY 18, 2020

A copy of a typical fraud message of this kind promises that the scenario is a “nightmare” for any AdSense publisher, saying that the “sophisticated” bots will open ads in an endless cycle, according to published reports.

Accounting 53

Accounting 53

PYMNTS

APRIL 16, 2020

And for all the brilliant modeling, artificial intelligence (AI) and machine learning (ML) technology we have to throw at the problem of fraud, he said, the good guys are operating at something of a disadvantage when it comes to detecting the scams that are to come. It takes that long to get feedback from consumers on credit card fraud.

Risk Analysis 68

Risk Analysis eCommerce Securities Leverage 68

PYMNTS

JANUARY 6, 2020

And adapting to it, Stuppy noted, is a challenge because there are so many fronts on which work has to be done, particularly when it comes to security and fraud prevention. When the customer is tagged by that, when their payment credentials are misused or their gift cards are drained — the customer is going to be mad.

Numbers 52

Numbers Accounting Sales Securities 52

Simply Treasury

JUNE 3, 2021

This quest for further digitization and the hope founded in new technologies and innovations are explained by the importance of combating increasing risk of fraud and strengthening of internal controls, by growing economic uncertainties, by the need for more efficiency and by a lack of sufficient (human) resources.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

AUGUST 29, 2019

billion due to cyberattacks , fraud, terrorism and other risk factors, according to new research by insurance broker Gallagher. Seventeen percent also said they spent more than $12,000 to address the issue, while 9 percent said the price tag exceeded $24,400. Small businesses in the U.K. lost an estimated $10.74 on Wednesday (Aug.

Securities 41

Securities Planning Accounting B2B 41

PYMNTS

MARCH 2, 2019

As it turned out, the coat was a fake – and thus began a long odyssey as the writer worked with Amazon and the Royal Canadian Mounted Police to prove the fraud and get her money back. She eventually succeeded, and bought a $112 coat that kept her “warm enough.”. She also bought that next coat on Amazon.

Manufacturing 67

Manufacturing eCommerce Retail Technology 67

PYMNTS

FEBRUARY 23, 2017

New Zealand’s Auckland Airport recently introduced mobile self-service kiosks to its international terminal, which will allow travelers to check in for flights and print boarding passes and baggage tags. . Similarly, back stateside, drivers at more California DMV locations will now have access to automated services.

Retail 51

Retail Technology 51

PYMNTS

FEBRUARY 11, 2019

The price tag of Apple’s latest iPhones, combined with an economic slowdown and extending smartphone replacement cycles, were named by IDC as the culprits behind the dive in sales at the Cupertino, California handset maker. According to a report in Bloomberg citing IDC, the smartphone market in China contracted 9.7

Economics 43

Economics Sales Retail Marketing 43

PYMNTS

SEPTEMBER 30, 2019

trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. We inspect materials, workmanship, details, any tags, labels, logos, hologram stickers, date and/or serial codes, and identify the time period of each item. Counterfeit fraud dollars for all U.S. Social Media.

Sales 40

Sales eCommerce Retail Technology 40

PYMNTS

MARCH 28, 2018

billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.” Researchers estimate U.S.

Securities 44

Securities eCommerce Accounting CFO 44

PYMNTS

SEPTEMBER 30, 2020

Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security.

Banking 70

Banking Securities Compliance Finance 70

PYMNTS

MAY 28, 2019

billion – of funds were lost to card fraud in 2018, up from $1.4 The FBI’s Internet Crime Complaint Center (IC3) said in a report, for instance, that online fraud, theft and exploitation led to $2.7 Special tags can trigger purchases with Apple Pay without the need for a special app through the function. billion in 2017.

Communication 63

Communication eCommerce Retail Technology 63

PYMNTS

SEPTEMBER 4, 2020

In the Leveraging The Digital Banking Shift , PYMNTS surveyed more than 2,200 consumers to reveal why banks must make trust and fraud concerns top priorities in the current economic climate. Now, the adversary is China , and the weapons of choice are tied to tech, data, deal-making and very large price tags.

Banking 70

Banking Retail eCommerce Leverage 70

PYMNTS

OCTOBER 8, 2018

They are highly sophisticated, well-capitalized crime rings that are recruiting Ivy League talent to think of new approaches to get around the rules most systems are using to screen for fraud. Plus, real AI can now point to a pretty successful track record — for keeping the homeland safe, and for detecting and preventing financial fraud.

Banking 76

Banking Compliance Budgeting Technology 76

PYMNTS

JULY 1, 2019

Ignatov is accused of a conspiracy to commit wire fraud, a crime that could see him serve a maximum of 20 years in jail. Though his lawyers proposed a $20 million personal recognizance bond, as well as GPS tags and round-the-clock armed guards to make sure he doesn’t flee, prosecutors still argued that he is a flight risk.

Currencies 40

Currencies Finance Economics Banking 40

PYMNTS

JULY 23, 2018

In a press release , PayU said the price tag was undisclosed, but that the deal supports PayU’s expansion into high growth markets. The platform will include fraud management and real-time reporting. PayU had already been partners with ZOOZ — that gave PayU merchants access to 2.3

Investments 40

Investments Leadership Technology Marketing 40

PYMNTS

JANUARY 19, 2017

The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion. Identify fraud and compliance management, like KYC and AML, are also high-value propositions for the tool.

Treasury 79

Treasury B2B Education Technology 79

PYMNTS

MAY 15, 2018

Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. While it may introduce some friction to the user journey, Patel said that’s a necessary evil in today’s fraud-rich web environment. Data tagging is how ground truth is established.

Auditing 51

Auditing Compliance Securities eCommerce 51

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

Securities 48

Securities Accounting Entertainment Banking 48

PYMNTS

OCTOBER 18, 2016

The price tag attached to a data breach on a small business has increased this year, according to new analysis from IBM and Ponemon Institute. With their newly released “ 2016 Cost of Data Breach: Canada ” report, the firms examined the financial impact of data breaches on 24 companies in Canada to assess the damage.

Securities 77

Securities Budgeting Investments Planning 77

PYMNTS

OCTOBER 30, 2018

Well, we’ve already seen how unsupervised machine learning and AI can reduce reliance on rules-based fraud monitoring and cut false-positives drastically for banks. He pointed to the principle behind Smart-Agents, technology that creates a virtual tag to entities — in this case, words — and builds profiles as these words are used.

Concentration 64

Concentration Technology Banking Securities 64

PYMNTS

JANUARY 17, 2017

Outsmarting The Fraud. Ayers said that fraud will continue to evolve as cybercrooks continue to perfect their craft to stay one step ahead of the tools that the ecosystem creates to keep them at bay.

Numbers 45

Numbers eCommerce Compliance Accounting 45

PYMNTS

JULY 8, 2016

billion price tag, led U.K falls in line with the rollout in Europe, a benchmark market for post-EMV fraud decline, it differs in the way it was actually implemented in Europe. As the American market takes the leap to embrace EMV technology, fraud is expected to plunge. that has actually good proposition.”.

Benchmarking 41

Benchmarking Technology Advertising Securities 41

PYMNTS

APRIL 21, 2016

All of this is being done without the use of JavaScript or device ID tags. Additionally, location can be factored in to support geofencing, as well as risk/fraud use cases. Since the data is real time from the carriers, change events indicating fraud, as well as lost/stolen device notifications, are shared immediately.

Leverage 41

Leverage Risk Analysis Numbers Accounting 41

PYMNTS

JULY 6, 2017

Rogue spending , as mentioned previously, is another top challenge to procurement visibility identified by eRequester, tagged as a “serious problem for many organizations.” Instead of wondering where their money is going, these companies are constantly looking for ways to further optimize procurement,” added eRequester’s Litjen.

B2B 40

B2B 40

PYMNTS

SEPTEMBER 23, 2016

was owned by Gery Shalon, an Israeli who headed a computer hacking and fraud scheme that involved over 10 companies and laid bare the personal data of more than 100 million people. Amazon is set to become the eCommerce leader in India, and bitcoin companies are keen to tag along for the ride. According to authorities, Coin.mx

Profit and Loss 77

Profit and Loss Currencies eCommerce Leverage 77

PYMNTS

SEPTEMBER 23, 2019

It’s a dynamic that can be solved by access to speedy real-time rails – but it also comes with a hefty price tag for suppliers. Many leverage existing rails, but use tech to solve for the underwriting or fraud issues that prevent good funds from moving faster between accounts. PYMNTS research estimates that in the U.S.,

B2B 61

B2B Leverage B2C Investments 61

PYMNTS

JANUARY 28, 2019

Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill. Mastercard got tagged with a $648.3 Annually Fortnite brings in about $3 billion through legitimate means. Mastercard and Google Fend Off Fines.

Advertising 51

Advertising Retail Currencies Banking 51