As part of Boston Fintech Week and Cybersecurity Awareness Month, MassChallenge hosted a panel titled "Corporates and Startups United: Collaborative Innovation in FinTech". DCU’s Fraud Strategy Manager, Gregg Stephens, discussed the importance of collaborating with fintech startups and how they can benefit credit unions like DCU, specifically from a fraud prevention perspective. Our collaboration with FiVerity—a MassChallenge alum—has helped us move the needle on fraud protection. Our partnership was forged to solve a synthetic identity fraud problem and has evolved to include leveraging FiVerity expertise in a variety of fraud prevention areas. To learn more about our partnership with MassChallenge, please visit: https://lnkd.in/e2Vrpeu4
Digital Federal Credit Union的动态
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As online transactions surge, so does CNP fraud, where thieves exploit card details without physical access. This can hit businesses hard with chargebacks and lost revenue. To combat this, consider implementing strong verification methods, like multi-factor authentication, and keep your team trained to spot suspicious activity. Stay proactive, and keep your business safe! #cnpfraud #fraudprevention #cybersecurity #digitalpayments #ecommerce #onlinesecurity #paymentfraud #frauddetection #identitytheft #multifactorauthentication #riskmanagement #fintech #dataprotection #chargeback #paymentsecurity #fraudawareness #customertrust #securetransactions #financialservices #businesssafety
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CNP fraud happens when a transaction is made online or by phone without the physical card. This can lead to financial losses and chargebacks for businesses. The fix? Use multi-factor authentication, secure payment gateways, and train your team to spot fraud. #cnpfraud #fraudprevention #cybersecurity #digitalpayments #ecommerce #onlinesecurity #paymentfraud #frauddetection #identitytheft #multifactorauthentication #riskmanagement #fintech #dataprotection #chargeback #paymentsecurity #fraudawareness #customertrust #securetransactions
As online transactions surge, so does CNP fraud, where thieves exploit card details without physical access. This can hit businesses hard with chargebacks and lost revenue. To combat this, consider implementing strong verification methods, like multi-factor authentication, and keep your team trained to spot suspicious activity. Stay proactive, and keep your business safe! #cnpfraud #fraudprevention #cybersecurity #digitalpayments #ecommerce #onlinesecurity #paymentfraud #frauddetection #identitytheft #multifactorauthentication #riskmanagement #fintech #dataprotection #chargeback #paymentsecurity #fraudawareness #customertrust #securetransactions #financialservices #businesssafety
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At Money20/20 Europe this year, FinTech Magazine spoke with Mambu's CISO Frank Krieger about the value of AI within cybersecurity and how fintechs can use it for fraud protection. Find out more below in our exclusive interview. #Fintech #AI #Cybersecurity
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#marketupdatemonday ??? Did you know that while credit card transactions have strong fraud protection, document signing often does not? Proof's new tool, Defend, is here to change that. ??? Proof, a remote online notarization firm, has launched an AI-powered fraud detection tool called Defend, integrated into their platform. Inspired to tackle the $81 billion in annual U.S. losses from falsified records, forged signatures, and identity theft, Proof aims to bring the same level of security to document signing that credit card transactions have. Read more here: https://lnkd.in/eQAkqh7R . . . #FraudPrevention #CyberSecurity #AI #Innovation #DigitalSecurity #DocumentProtection #TechNews #StaySafe #IdentityTheft #Notarization #Proof #Defend #SaveTime #CloseMore #TitleWrite
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Like this content? Follow us at: https://lnkd.in/gmm46hRq The Evolving Face Of Fraud: How Companies Can Build A Solid Fraud Prevention Strategy André Ferraz, co-founder and CEO at?Incognia, an innovator in location identity solutions. In an era marked by unprecedented digital connectivity, robust fraud prevention strategies stand as the cornerstone of online security, playing a pivotal role in confirming identities, authorizing access and mitigating fraud risks. As fraudulent tactics shift in both complexity and volume—and bad actors become more sophisticated at leveraging new technologies to carry out attacks at scale, the importance of fraud prevention solutions cannot be overlooked as an integral tool for safeguarding businesses and their customers. read more at : https://lnkd.in/gF6mbtFh
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Fraud is evolving, and so are our defenses. With the global cost of fraud at $3.7 trillion annually, it's crucial to stay ahead. Mastercard's innovative use of AI, biometrics, and data collaboration aims to enhance cybersecurity and trust in the digital ecosystem. Dive into the full article to learn how we're leveraging cutting-edge technology to protect against ever-evolving threats. https://lnkd.in/gSAtBYFW #Cybersecurity #FraudPrevention #Innovation #AI #Mastercard
The Update - Evolution of fraud
b2b.mastercard.com
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Embracing digitalization offers incredible opportunities, but it also attracts fraudsters. To combat these evolving threats, we need the latest and best defenses. In Mastercard’s latest edition of The Update, we delve into how fraud has evolved and how to stay ahead. Here are three takeaways: ?? Digital skimming is quickly becoming a go-to for cybercriminals. But by educating ourselves and others, we can create a safer digital economy for everyone. ?? Most scams fall under the umbrella of social engineering, which involves using deception and emotional manipulation to influence someone’s behavior. ?????? Putting a stop to scams comes down to one thing: identity. Mastercard has spent more than 10 years using AI—combined with our unique, network-wide view—to detect threats, identify vulnerabilities, and prevent fraud at scale. More insightful facts and figures are just a click away: https://lnkd.in/dDFdPBv6?? #CyberSecurity #DigitalSafety #FraudPrevention #Innovation #Mastercard
The Update - Evolution of fraud
b2b.mastercard.com
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Excited to share that Jumio Corporation is leading the way in #innovation with over 300 patents and #patent applications! This incredible milestone underscores Jumio's commitment to advancing #identity verification and #fraud prevention technologies. Discover how Jumio is shaping the future of secure digital transactions. #Fraudprevention #Fintech #Cybersecurity #identityverification #digitalsecurity
Jumio Leads with Innovation by Announcing Over 300 Patents and Patent Applications
jumio.com
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Santander is currently grappling with a significant cybersecurity issue following an alarming offer by ShinyHunters to sell customer data for $2m. The stolen data comprises a staggering 6m account numbers, 28m credit card numbers, and sensitive staff HR details. In recent developments, Sebastien Raoult, a member of ShinyHunters, was extradited to the USA, shining a light on the differences in sentencing between cybercrimes and traditional theft. The severity of repercussions for such cybercrimes continues to spark debates in various circles. #Santander #Cybersecurity #DataBreach #ShinyHunters #Cybercrimes #Debate
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Our Chief Technology Officer, Jason Pedone, takes the stage today at 1pm to moderate an exciting discussion on "Strategies for Future-Proofing Your Fintech Defenses." In a fully digital business it's critical to properly safeguard your key resource: data. Today's discussion will feature experts in the FinTech industry as they weigh in on today's evolving threat landscape, the future of cybersecurity and regulation, and more! #Tech #FinTech #InsurTech #Insurance #Annuities #Cybersecurity #FinTechDiscussion #TechTalk #FinTechExperts #TechLeadership
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