Posts Tagged ‘Fraud’

Banks Might Not Have To Cover Fraudulent Activity

I recently received a letter from American Express, warning me about a data breach that occurred with a third-party service provider several years ago. Although the letter doesn’t name the company who suffered the breach, it does mention that I’ve done business with them. The letter goes on to say American Express will continue to […]

How to avoid Phishing, Spear Phishing, and Whaling

How to Avoid Damage From Phishing, Spear Phishing, and Whaling

“Phishing,” “spear phishing,” and “whaling” are not misspellings of aquatic sports. These words describe costly, illegal activities that use human engineering to steal, ransom and blackmail for profit, and Perficient’s information technology experts urge everyone to be aware of the distinctions and the dangers. Phishing is a fraudulent attempt, primarily made through email, to steal […]

Smile! MasterCard Will Leverage Selfies To Verify Your Identity

  According to research, approximately 31.8 million consumers in the US experienced credit card fraud in 2014. That’s triple the number in 2013! And the number doesn’t appear to be going down any time soon. On a positive note, credit card issuers are stepping up their game by introducing security methods, such as Europay, MasterCard […]

4 Major Threats In Financial Services This Year

  Every industry experiences cybercrime, but possibly none more than the financial services space, with an average annualized cost of $13.5 million. In last month’s newsletter, the Financial Services Information Sharing and Analysis Center (FS-ISAC) shared several threats to look out for in 2016. While most are not new, the number of occurrences continue to […]

Mobile Banking Outperforming Online Banking By A Longshot

  Dislike being asked for your name, account number, and password every time you call the bank? Well, times are a-changin’. Banks are turning to mobile technology for help more than ever before. Bank of America is leveraging thumbprint verification technology that enables customers to automatically be identified, as well as carry out their banking […]