Risk & Compliance RSS

AI, Artificial Intelligence (AI), Cyber Crime, Cyber Security, Daily news, Fraud, Fraud & Security, Identity, Machine Learning (ML), ML, Risk & Compliance -

Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the problem won’t go away – indeed, it’s getting worse despite... more

The post Rule of the machines: can AI and ML really help fight fraud? appeared first on Payments Cards & Mobile.

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BitPay, Blockchain.com, Brave, Contracts, Cyber Security, Daily news, Flutterwave, GoPay, Identity, Mercy Corps, Mobile Remittance, PayID, Remittance, Ripple, Risk & Compliance, universal ID -

A group of leading technology, finance and nonprofit companies have joined forces to announce the launch of PayID, a universal payment ID to simplify the process of sending and receiving... more

The post Multinational industry alliance launch PayID – universal ID for payments appeared first on Payments Cards & Mobile.

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Android malware, Cyber Crime, Cyber Security, Daily news, EventBot, Fraud & Security, Mobile Banking, mobile banking Trojans, Risk & Compliance, Trojan, trojan EventBot -

Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... more

The post New strain of trojan EventBot can clear out bank accounts appeared first on Payments Cards & Mobile.

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Cyber Crime, Cyber Security, Daily news, E-Commerce, Fraud, Fraud & Security, Identity, Identity fraud, P2P, Risk & Compliance -

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... more

The post Identity fraud losses increase 15% as consumer out-of-pocket costs more than double appeared first on Payments Cards & Mobile.

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Cyber Security, Daily news, Fraud & Security, ProLock ransomware, ProLock ransomware attack, ransomware attack, Risk & Compliance -

Diebold Nixdorf has succumbed to a ProLock ransomware attack that is reported to have disrupted some operations. First reported by Krebsonsecurity, the ransomware attack struck the company April 25 and... more

The post Diebold Nixdorf suffers ProLock ransomware attack appeared first on Payments Cards & Mobile.

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