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Fraud and financial crime are not just consumer issues—businesses are now prime targets. With robust security measures needed more than ever to protect the integrity and trust in the order-to-cash lifecycle, companies must stay vigilant. Having spent five years at a B2B payments company with strong controls across the payment lifecycle, I’ve seen firsthand how threat actors target business identities, exploit process vulnerabilities, and attempt to defraud vendors. Now is the time for businesses to prioritize proactive and resilient security strategies. I recently shared thoughts about 5 of the common theft challenges every business needs to tackle. https://lnkd.in/g6gHgKZG #cybersecurity #B2BSecurity #Identitytheft Cybersecurity Insiders TreviPay

Identity theft is a serious issue, especially in today's highly connected world. Cyber fraud attempts have been on the rise with the digital transformation. According to Mastercard, 66% of small-to-midsized businesses in the US experienced at least one cyber incident in 2023. Another study from Javelin Strategy & Research found that identity fraud cost $56 billion to US businesses in 2021. Given this situation, new security challenges arise to fight identity fraud within businesses. #biometrics #digitalidentity #identityverification #liveness #facecomparison #ageverification #cybersecurity #deepfake #identityfraud

Identity theft is a growing concern, but biometrics are offering a powerful solution. With unique identification, encrypted data, and localized processing, they enhance security and user experience while preventing unauthorized access. Read our latest blog to learn how biometrics are protecting against identity theft. https://lnkd.in/gMiuXVwJ #IdentityTheft #Biometrics #CyberSecurity #technology

The American Express Company has told an undisclosed number of cardholders that their account information may have been breached in a recent hacking of a merchant processor. A third-party service provider engaged by numerous merchants experienced unauthorized access to its system. Card account numbers, expiration dates and customer names may have been compromised, AmEx stated in a notice filed last week with Massachusetts regulators. #amex #creditcards #cyberbreach?#cyberattack?#cybercrime?#cybercriminals?#hackers?#networksecurity?#networkforensics?#threatintelligence?#threatintel?#darkweb?#securityoperations?#informationtechnology?#ransomware?#databreach Read more here: https://lnkd.in/edX7zdSA

Fraud and identity theft are escalating global concerns, impacting millions annually. The 2022 Javelin cybersecurity report highlighted a staggering $52 billion in losses in the U.S. alone, emphasizing the severe impact on individuals and businesses. This article delves into the types, techniques, and preventive measures against these threats, urging constant vigilance and robust security measures to protect sensitive data. https://lnkd.in/dZfecZkJ #identitytheft #crossclassify #frauddetectionsystem #frauddetectionai

Cybercrime is on the rise in Canada. Protect yourself from online fraud and learn how to stay safe when online. https://bit.ly/3OClUZe #cybercrime #identitytheft #protectyourself #onlinefraud #creditcardfraud #bankfraud #cybersecurity #identityprotection #canada #datasecurity #phishing #malware #creditmonitoring #cybercriminals #financialprotection #debtmanagement #fraudprevention #personalinformation #cyberawareness #onlinesafety

#DataBreach Slim CD, a prominent payment gateway provider, has recently disclosed a significant data breach affecting 1.7 million customers. The breach, which occurred between August 2023 and June 2024, exposed sensitive information including names, addresses, and credit card details. This incident underscores the critical importance of robust cybersecurity measures. As we navigate an increasingly digital world, protecting customer data must remain a top priority for all organisations. Key Takeaways: Stay Vigilant: Regularly monitor your financial statements and credit reports for any suspicious activity. Enhance Security: Implement multi-layered security strategies, including end-to-end encryption and two-factor authentication. Educate Employees: Continuous security awareness training can help prevent such breaches. Let’s use this incident as a reminder to strengthen our defenses and safeguard our digital assets. #CyberSecurity #DataProtection

?? ?? In a digital landscape where data is currency, safeguarding identities has never been more critical. ?? Dive into our new blog to learn how you can empower your business to strengthen security, detect anomalies, and empower developers in the battle against identity theft: https://bit.ly/3SQ9eRe #FraudCapture #DataScience #DeveloperBlog #Cybersecurity #IdentityTheft

Fraudsters are getting smarter, using automation, synthetic identities, and targeted attacks. New digital payment methods and account takeovers are on the rise, pushing the need for real-time risk assessments and multi-layered fraud prevention. Balancing robust security with a seamless user experience is critical. Embrace advanced technologies and educate users to protect against these evolving threats. Discover the top fraud and identity theft trends of 2024 and how to safeguard your business: https://lnkd.in/e83Qwnpk. #CyberSecurity #AI #2024Trends #cybercrime #fraudprevention #riskmanagement #trustandsafety

AT&T discloses a massive data breach affecting over 51 million customers, raising concerns about data security and customer protection. While steps are being taken to mitigate the impact, questions linger about the breach's origin and the company's response. Key points: 1?? Initial breach estimates dwarfed by latest figures: 51,226,382 customers affected. 2?? Breach discovered on March 26, 2024, traced to a dataset on the dark web. 3?? Personal info compromised: Names, emails, addresses, phone numbers, SSNs, and more. 4?? AT&T offers complimentary credit monitoring and identity theft protection services. Read more: https://lnkd.in/d8EVzGxK #DataBreach #CyberSecurity #ATTDataSafety #hackernews #threatintel #darkweb