Risk & Compliance RSS

Card Fraud, Card fraud losses, card not present fraud, Cyber Security, Daily news, FICO, Fraud & Security, Risk & Compliance -

UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the... more

The post UK banks outperform rest of Europe in reducing card fraud appeared first on Payments Cards & Mobile.

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Daily news, FinCEN files, Fraud & Security, Payments News, Risk & Compliance -

Over the weekend the FinCEN files story broke, one of the most reputationally damaging stories related to major global banks. Leaked secret government documents reveal how the giants of Western... more

The post The FinCEN files: $2 trillion of dirty money washed through global banks appeared first on Payments Cards & Mobile.

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Cyber Security, Daily news, E-Commerce, Fraud & Security, Risk & Compliance -

The digital card skimmer landscape keeps evolving, often borrowing techniques used by other malware authors in order to avoid detection. Defenders of the ecosystem look for any kind of artifacts... more

The post New web card skimmer steals credit card data and sends via Telegram appeared first on Payments Cards & Mobile.

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AusPayNet, Card Fraud, Card-not-present (CNP) fraud, Daily news, Fraud & Security, Issuing & Acquiring, machine learning, real-time monitoring, Risk & Compliance, strong customer authentication, Tokenisation -

Data released by the payments industry self-regulatory body Australian Payments Network (AusPayNet) revealed a 19.5% decline in card fraud in 2019, the biggest decline since fraud data was first published.... more

The post AusPayNet report shows sharp decline in card fraud in 2019 appeared first on Payments Cards & Mobile.

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AML (Anti Money Laundering), AML fine, AML fines, Daily news, Fraud & Security, Global Enforcement Review, Regulation, Risk & Compliance -

Duff & Phelps has launched its seventh annual Global Enforcement Review. The report found that H1 2020 has seen an uptick in AML fine values globally totalling $706 million compared... more

The post 2020 AML fine values already surpass 2019 appeared first on Payments Cards & Mobile.

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