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Home » Topics » Sectors » Banking/Finance/Insurance

Banking/Finance/Insurance
Banking/Finance/Insurance RSS Feed RSS

someone texting on phone

Bank fraud warnings are the most common text scam

Security Staff
June 12, 2023

According to research by the Federal Trade Commission, the most common form of text message scam reported to the FTC were false bank fraud warnings.


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passport open on table

Why are ID fraud numbers still rising?

Elay Elazar
May 26, 2023

Increasing ID scams are raising the question of why technological advancements such as biometric authentication have not solved the problem.


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U.S. saw 45% fewer ransomware victims posted on the dark web

Security Staff
May 18, 2023

The rise in ransomware attacks have changed how security leaders protect their organizations, including filing claims for cyber insurance.


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keyboard pieces underneath key lock

Social media was 72% of non-government or financial account abuse

Security Staff
May 17, 2023

A report found identity thieves are better at using social engineering to convince people to share personal, financial and business information.


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person using tap to pay on phone

81 percent of South Africans think banks need better fraud detection

Security Staff
April 27, 2023

South Africans expressed financial scam concerns in a recent FICO survey showing a shift in users trust in banks depending on their scam response.


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blue-green screen with thin lines

46 percent of organizations faced synthetic identity fraud in 2022

Security Staff
April 27, 2023

New AI technologies have raised a number of security concerns as artificially created audio and video makes it easier to commit identity fraud.


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someone using phone to pay

EMV payments grew more than 350 percent in the last year

Security Staff
April 26, 2023

When it comes to preventing theft and fraud, security leaders need to consider how different transaction methods require different security measures. 


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black debit card with chip

Spain to implement biometric debit and credit cards

Security Staff
April 24, 2023

Because of the risk of mag stripes being read and copied, Spain will begin replacing existing credit cards with fingerprint biometrics cards in 2024.


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Dan Elston.jpg

Dan Elston promoted to VP of Risk Management at BayPort Credit Union

Security Staff
April 13, 2023

BayPort Credit Union adds a new position to its executive team announcing the promotion of Dan Elston to Vice President of Risk Management.


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blue shield with lock and dark blue background

Credit union fraud rates increased by more than 70% in 2022

Security Staff
April 11, 2023

A recent report focused on the rise and adoption of artificial intelligence, an impending recession and the return of pre-pandemic fraud techniques.


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