Fraud Detection

Credit Card Frauds 101: Modus Operandi

US$ 500 million is lost every year to fraud credit card fraud. More the online transactions - more the more the probability of falling prey to credit card fraud. Here's a sneak peek in to the methods fraudsters use.   Read more »

Western Union Announces Agreements With U.S. Investigations on Anti-fraud Program

Settlements relate to conduct that mainly occurred 2004 to 2012; Company has increased compliance funding 200 percent in the last five years; Business performance for 2016 in line with previous outlook Read more »

FICO joins forces with Ethoca to improve CNP Fraud management capabilities

Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop e-commerce fraud and disputes, today announced a partnership with Silicon Valley analytic software firm FICO. Read more »

Globalplatform Empowers the Web to Access Advanced Security Services

GlobalPlatform has defined a standardized communications interface between web applications and secure element (SEs), which will enable developers of web services to build in advanced security features to protect online services against many types of attack and fraud. Read more »

Keystone Bank Opts for NetGuardians

Swiss FinTech leader NetGuardians has been selected by Nigeria’s Keystone Bank Limited for real-time protection against eBanking fraud. The move helps ensure compliance with the Central Bank of Nigeria’s (CBN) recently-published risk desk directive. Read more »

Financial Fraud: Greatest Hits of 2016

2016 had a financial fraud being committed once every 15 seconds, compelling financial institutions to buckle up. The trend will continue through 2017 with newer, more innovative attempts. Imperative therefore to think innovatively to stay ahead of the game. Read more »

NuData Security signs agreement with Arvato Financial Solutions

Arvato Financial Solutions, a leading global financial services provider, today announced an agreement with NuData Security, an award-winning international expert in passive behavioural biometrics, to join forces. The partnership will enable clients to focus on good customer experience, balancing complex fraud mitigation strategies in compliance with local data protection regulation. Read more »

FICO named CSO50 Award winner for its application security program

Silicon Valley analytics software firm FICO today announced that it has been named a winner in the 2017 CSO50 Awards from IDG's CSO. The company was recognised for its next-generation application security program, which accelerates the delivery of robust, secure applications.  Read more »

International Contribution to Cyber Security Winner Announced in First National Cyber Awards

The inaugural Scottish Cyber Awards have taken place and the successful ceremony has seen an Edinburgh firm land the award for International Contribution to Cyber Security. Edinburgh-headquartered ZoneFox were announced as the winners in the category after also scooping the Champion of Champions award. Speaking at the ceremony, James Graves, Chief Executive of ZoneFox, believes it is an honour to have received such prestigious new awards.   Read more »

TOC PRESENTS ITS BIOMETRIC MOBILE CONSENT MANAGER

TOC BIOMETRICS, the biometrics specialist company, presents its new TOC App at the Money 20/20 global event. The consent administrator system allows users to confirm or authorize with their fingerprint and smartphone to perform tasks such as online banking login, money transfers, payments, purchases, permits, electronic signatures and so on. Through a push message, the person can answer "I am/ I do" while placing their finger on the sensor of... more Read more »

FICO Enterprise Security Score Gives Long-Term View of Cyber Risk Exposure

Analytic software firm FICO today launched the FICO® Enterprise Security Score, a metric that reveals the likelihood an organization will be breached due to a cyber attack. This score can be used by an enterprise to understand and shore up its defence gaps, and by third parties such as cyber insurance providers, potential partners and customers who need an objective measure of a firm’s cyber risk. Read more »

The Essential Enterprise Fraud Management Solution Checklist

Given the escalation in sophisticated financial crime, what are some of the key must-haves when evaluating a strong Enterprise Fraud Management solution?   Read more »

EastNets showcases advanced anti-money laundering & terrorist financing solutions at Sibos 2016

EastNets, a leading global provider of compliance, payment and cloud solutions for the financial services industry, will unveil its advanced systems for countering money laundering and terrorist financing at the 2016 SWIFT International Banking Operations Seminar (Sibos), the latest edition of the world’s premier financial services event. The company will highlight its partnership with Dow Jones, the world's most trusted business news and... more Read more »

WISeKey and INSIDE Secure Form End-to-End Vertical Cybersecurity Platform for People and Objects (IoT)

WISeKey International Holding Ltd has concluded the acquisition of the secure Internet of Things (“IoT”) integrated circuit solutions and semiconductor business from INSIDE Secure, an expert in embedded security solutions for mobile and connected devices. Read more »

CustomerXPs announces Real-time Intraday Liquidity Monitoring Solution for Banks in UAE to Achieve Basel III Deadline

Extreme real-time banking analytics specialist CustomerXPs' today announced its Clari5 real-time Intraday Liquidity Monitoring Solution for Banks - a packaged, ready-to-deploy solution to help banks in the UAE achieve timely compliance with BCBS 248 requirements for Intraday Liquidity Risk Management. Besides mitigating intraday liquidity risk, banks in the UAE can now expect complete compliance with the BCBS 248 regulation in time for the... more Read more »

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