To achieve truly proactive, dynamic and scalable AML, while also ensuring compliance with UK government regulations, Worldpay and Brighterion worked together to move beyond the existing rules-based systems to implement highly adaptive, real-time, AI-based fraud prevention.
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Acquirer fraud is a complex challenge with many facets. It ranges from "friendly"
fraud (customers who claim they didn't buy an item) and theft by criminals using stolen
credentials, to falsified transactions by merchants. Each scenario has its own set of
challenges and financial implications, and are difficult to...
Russian, Chinese and Iranian hackers are targeting organizations and individuals associated with the Republican and Democratic U.S. presidential campaigns, Microsoft reports, noting that the majority of the attacks appear to have been blocked.
Consumers hate passwords, criminals love them. And while the journey to passwordless authentication takes time, there are lessons to be learned from major global organizations who have started down the path. Dr. Rolf Lindemann of Nok Nok Labs shares insights.
Disruption, distortion and deterioration - these cybersecurity threats are amplified by the ongoing pandemic. Which poses the greatest threat and why? We asked this exclusive panel of CEOs and CISOs, and their responses might surprise you.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
The U.S. Cybersecurity and Infrastructure Security Agency is warning of an increase in targeted distributed denial-of-service attacks against financial and government organizations worldwide. And security firms also are tracking the incidents in these and other sectors.
The pandemic has accelerated the shift to e-commerce and raised new concerns about the use of paper money. Jim Cunha of the Federal Reserve Bank of Boston describes a collaborative research project with the Massachusetts Institute of Technology to determine the feasibility of a digital alternative.
Traditional methods of signing forms and documents are moving from paper to paperless, and banks are increasingly turning to e-signatures to better serve customers that are looking for modern, digital, convenient banking services.
This guide gives a comprehensive overview for how the digital route provided by...
When startups succeed, they typically hire more employees to handle increasingly specialized tasks. The same goes for ransomware gangs, which, as they grow, have been hiring experts with advanced hacking, encryption, negotiation and other skills to help take down larger targets, says Coveware's Bill Siegel.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
The start of classroom and online instruction at Hartford Public Schools in Connecticut was canceled Tuesday as a result of a ransomware attack - the latest in a series of online attacks, including distributed denial-of-service disruptions, that have interrupted some schools' return to teaching this fall.