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Learn From an Insider How Data Is Key to Preventing Identity Fraud
PYMNTS interviewed Lien Nguyen, senior vice president of fraud prevention at Bank of the West, about the top identity fraud threats and how to stop them --- Bad actors are growing more sophisticated...
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PYMNTS Intelligence: Leveraging Technology to Combat Identity Fraud
A recent study found that businesses lost $52 billion to identity fraud in 2021, a shocking 79% increase year over year. This fraud was split between several different types, with new account fraud up...
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An Insider on Why Banks Must Collaborate to Stay Ahead of Fraud
Lisa Zeimetz, senior vice president of risk/compliance and Community Reinvestment Act officer at First National Bank and Trust, tells PYMNTS about the ways her bank and others are working to protect...
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Intelligent Tech Balances Customer Convenience With Identity Theft
Identity theft and other types of fraud will become even more widespread in 2023. That’s according to the latest report released by the Identity Theft Resource Center (ITRC), which predicts that next...
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Diverse Data Sets Help Tackle Fraud Without ‘Unnecessary’ Payment Friction
Analysis of a variety of data sets is central to tackling online fraud without creating customer friction. As the digital economy grows and evolves, fraudsters are presented with a growing number of...
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Apple CEO Tim Cook Apprehensive of Japan App Store Regulation
Tim Cook met with Japan’s PM over concerns of the country’s possible app store regulations. The Apple CEO met with the Japanese Prime Minister Fumio Kishida on Dec. 15 to discuss the country’s...
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Call Centers Become Prime Target for Identity Fraud
Retail call centers are the front line of consumer queries and the favorite new target for identity fraud. Daniel Flowe, head of identity strategy at Refinitiv, told PYMNTS that while the majority of...
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Digital Platforms Give Banks New Testing Ground for Personalized Experiences
Banks face increasing consumer demands for personalized advice and tools to manage their finances amid economic challenges. Just 44% of customers believe their banks support them during difficult...
View ArticlePlaid Launches Anti-Fraud Network
Plaid has launched a collaborative network designed to stop “the chain reaction of identity fraud.” The new Plaid Beacon network is open to FinTechs, financial institutions of all sizes and...
View ArticleSocure Launches Tool and Financial Consortium to Fight First-Party Fraud
Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent...
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