Publicação de Sandra Cesar Peres

Payment card fraud is affecting businesses and individuals more and more every year. In fact, statistics show that card fraud has been on the upswing in the past few years -- even as more fraud security measures have been put into place. Check out our visualization of fraud data, and why it's more important that ever to protect both merchants and individual card users from the growing problem of fraud. #infographic #paytech #cardfraud #fraudprevention

Fintech News 🚨: Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on Thursday. The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year, a metric that represents the total dollar value of all transactions processed. The company is already collaborating with Recorded Future, which uses AI-powered analytics to identify potential threats, on a service that alerts financial institutions when a card is likely compromised. Since the launch of the service earlier this year, it has doubled the rate at which compromised cards are identified compared to last year, Mastercard said. The card company currently offers cybersecurity services such as identity fraud prevention and real-time decision-making, among others, to its clients. In 2019, Insight Partners acquired a controlling interest in Recorded Future - which serves over 1,900 clients across 75 countries, including the governments of 45 countries - in an all-cash deal valued at more than $780 million. The deal with Mastercard is expected to close by the first quarter of 2025. 👉Subscribe for more news https://lnkd.in/d94JgWBU Source Reuters #fintech #cards #payments

QR codes have become a popular, convenient way to make payments, but they also open the door to scams. This was seen in a recent incident where someone lost €1,000 after scanning a QR code for parking, which redirected to a fraudulent payment page. Scammers can easily place fake QR codes over legitimate ones, tricking users into entering sensitive information or making unauthorized payments. It is advisable to always double-check the URL after scanning; if it appears suspicious, do not proceed. Shared by: https://lnkd.in/eeEwFbsj #qrcodes #quishing 

Divergence between Identity Verification and Fraud Management https://lnkd.in/gTzrHtp5 "It’s understandable why fraud management has become somewhat disconnected from identity verification...but it’s not tenable. According to the FTC, Americans lost a record $10 billion to fraud in 2023, up from $1.6 billion in 2013. That’s a massive increase, and, if you read between the lines a little, it’s evident that fraud management professionals working at banks and fintech companies don’t feel prepared to stem that rising tide." ~ Fintech Takes Learn how ellipse EVC® technology may be the easiest solution to bring it all together Simple. Elegant. Frictionless. #EVCReady #IdentityVerification #FraudManagement

The printed CVC/CVC security codes on the back of your credit or debit cards are a good additional verification method -- but they're not perfect! Check out how your codes can become compromised so you know how to better protect both your identity and your finances. #cvc #cvv #paytech #fraud

QR codes have become a popular, convenient way to make payments, but they also open the door to scams. This was seen in a recent incident where someone lost €1,000 after scanning a QR code for parking, which redirected to a fraudulent payment page. Scammers can easily place fake QR codes over legitimate ones, tricking users into entering sensitive information or making unauthorized payments. It is advisable to always double-check the URL after scanning; if it appears suspicious, do not proceed. Shared by: https://lnkd.in/eeEwFbsj #qrcodes #quishing 

We are setting a new standard for secure authentication experience: device-bound passkeys, the gold standard of authentication for financial institutions (FIs). As banking becomes digitalized, there are increasing levels of fraud worldwide. Although users are becoming more alert to these fraud techniques, criminals are evolving their approach as well. Their fraud attempts are increasingly sophisticated, and even though most digital banking is protected by multi-factor authentication (MFA), this security is not a guarantee against successful attacks. This is where passkeys enter the stage. They replace passwords with cryptographic key pairs, offering enhanced security and user experience by leveraging FIDO credentials that are resistant to phishing, syncable across devices, and adaptable for either multi-device or single-device use. When it comes to implementing passkeys, it is important for financial institutions to differentiate between synced and device-bound passkeys: 🔹 Synced passkeys allow users to switch seamlessly between their devices, such as smartphones, tablets, and laptops, or even a brand-new device, without having to re-register each device to each user account – ideal for consumer-facing apps and websites. 🔹Device-bound passkeys cannot be shared or exported from the device, adding an extra layer of security. This ensures that banks can always verify that a transaction has been authenticated from a trusted device. With Convego AUTH-U which supports device-bound passkeys functionality, FIs can take the next step and shape a the future of authentication. Learn more here: https://di-ri.co/tOmzb #passkeys #fraudprevention #digitalbanking #MFA #security Olivier Sery

Stopping new account fraud can be challenging when you have no history on a new user. So how do you spot unusual behavior? That’s where population-level behavior analysis comes in. Continuing our deep dive into new account fraud from last week, {{linkedin_mention(urn:li:person:_6S3JZFUs0|Daniel Holmes)}} and {{linkedin_mention(urn:li:person:QKreyIMLKZ|Richard Harris)}} explore how to detect anomalies in users you've never seen before. The key lies in examining trends across the entire population, not just individual behavior. For example, it might be a red flag if: • One device is used to submit applications for three different users. • There’s a sudden spike in activity from an unfamiliar group of IP addresses. • A user’s form field data entry time significantly deviates from the typical baseline. By analyzing population norms and integrating behavioral biometrics, we can more effectively identify and prevent new account fraud. Watch now, and learn how to use a data-driven approach to put a face to the name of new account fraud. #bankingindustry #riskmanagement #fraudprevention

Brazilian Payface launches face biometrics fraud prevention tool #authentication #biometrics #Brazil #fraudprevention