Card-not-present (CNP) transactions have experienced significant growth over the years and, as a result, have attracted increased attention from fraudsters. However, significant advancements in security are making CNP transactions increasingly safer for all stakeholders. Here’s how: https://lnkd.in/dXs8HSRt info@switch.tj | +27 86 111 4958 | transactionjunction.co.za
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Digital banking is on the rise, and so is wire transfer fraud. 🏦 It's getting more sophisticated and harder to trace, causing financial losses 💸, reputational hits 📉, and eroding customer trust 🤝. Wire transfers are fast and irreversible, making it almost impossible to recover stolen funds. 🚫💰 💡 Trust Stamp’s Stable IT2 technology steps with a groundbreaking multifactor authentication solution designed to enhance the security of wire transfers. By integrating 𝗽𝗼𝘀𝘀𝗲𝘀𝘀𝗶𝗼𝗻 (𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝘂𝘀𝗲𝗿 𝗵𝗮𝘀) 📱, 𝗯𝗶𝗼𝗺𝗲𝘁𝗿𝗶𝗰 (𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝘂𝘀𝗲𝗿 𝗶𝘀) 👁️, and optionally, 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 (𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝘂𝘀𝗲𝗿 𝗸𝗻𝗼𝘄𝘀) 🔐, Stable IT2 provides a robust defense against wire fraud. 👉 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲: https://lnkd.in/eqQFHQa6 #Fintech #FraudPrevention #Banking #WireTransfer #Innovation #Technology
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Incident Management | Digital Forensics | Generative AI Security Architect | Threat Intelligence | Threat Hunting | Security Assessments
In a digital age where electronic transactions dominate, the continued reliance on paper checks presents significant vulnerabilities that scammers are all too eager to exploit. Our latest blog post delves into the increasing prevalence of check fraud, examining the tactics used by criminals and the challenges banks face in detecting and preventing such scams. As we navigate this issue, it’s clear that while the convenience of digital payments progresses, we cannot ignore the realities of paper check usage. For insights into this pressing concern and strategies for safeguarding against check fraud, read more here: https://ift.tt/mJZDW6d.
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Founder | Start-ups | CyberSecurity OffSec Expert/ Trainer | Acumen India Fellow | Cybersecurity Advisor at MMB Cyber School
𝗗𝗮𝘆 𝟭𝟲/𝟯𝟭 𝗖𝘆𝗯𝗲𝗿 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗠𝗼𝗻𝘁𝗵 💳 𝗖𝗥𝗘𝗗𝗜𝗧 𝗖𝗔𝗥𝗗 𝗙𝗥𝗔𝗨𝗗: 𝗧𝗛𝗘 𝗦𝗜𝗟𝗘𝗡𝗧 𝗧𝗛𝗥𝗘𝗔𝗧 💳 In 2020, global credit card fraud losses were estimated to exceed $28 billion, with cybercriminals finding more sophisticated ways to exploit vulnerabilities in online transactions. For both individuals and businesses, securing credit card information is more critical than ever. To reduce the risk, always use strong authentication methods, monitor your transactions regularly, and consider virtual cards for online purchases. The small steps you take now can save you from major financial losses later. #CyberAwarenessMonth #CreditCardFraud #FinancialSecurity #CyberDefense #StaySecure
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The adoption of tokenization is proving to be a game-changer in the fight against payment fraud. By converting sensitive payment information into secure tokens, businesses can significantly mitigate fraud risks, enhance customer trust, and improve overall operational efficiency. 👉🏻Ready to enhance your payment security? Contact us today to learn more💡 #Research #Tokenization #PaymentSecurity #FraudPrevention #CustomerTrust #BusinessEfficiency #GreenLineProcessing
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Staying ahead of counterfeiters requires continual innovation in banknote security. New features are introduced every year, but are they ready for use in your banknotes? Before specifying a new technology or security feature it’s essential to test, validate and qualify them. Avoid the risk! Read Jonathan Ngin’s insights on how to avoid quality failures, delivery delays, and an erosion in public trust here - https://www.cranecurrency. com/news-insights/when-are-new-banknote-security-features-ready-for-use/ #BanknoteSecurity #Innovation #CounterfeitPrevention #CraneCurrency
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It's #CyberSercurityAwarenessMonth. Get notified instantly with debit and credit alerts, helping you keep track of every transaction.
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Mobile transaction fraud is on the rise. REV3AL is enhancing security protocols to safeguard your mobile financial activities. Trust your transactions! #MobileSecurity #FinTech #Rev3alTech
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🤔What is a DTMF Payment? DTMF (Dual-Tone Multi-Frequency) payments ensure secure phone transactions by using keypress tones to transmit card details, bypassing potential security risks. This method keeps sensitive data out of call recordings, aligning with PCI DSS compliance. Discover how DTMF payments can enhance the security of your phone transactions, protect customer data, and be a valuable capability for your business. https://lnkd.in/eKMF9dWQ 📞 Curious about integrating DTMF payments? Discuss it with our experts at https://payguard.co #Fintech #SecurePayments #DTMF #CustomerSecurity #PCIDSS
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Discover how SMS OTP adds an extra layer of security to online payments, preventing fraud and protecting sensitive financial information. Learn about the role of two-factor authentication (2FA) and the benefits of SMS OTP services in safeguarding transactions, ensuring a secure and seamless payment experience for businesses and customers alike. Read more: https://lnkd.in/gYM8n8Q9 #SMSOTP #SMSOTPServices #SecuresOnlinepayments #SMStwofactorauthentication #SMSOTPAPI #SMSOTPapiservice #2faauthentication #2fa
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While new payment technologies have created benefits for consumers, they've also opened the door to fraud schemes that are more sophisticated than ever. Identity verification is key to mitigating this risk. At The 2024 SUMMIT, Matt Charette, Vice President, Security and Chief Information Security Officer at Payments Canada, met with David Birch, Global Ambassador at Consult Hyperion, to talk about the connection between digital identity and #payments, and how identity-centric payments can help combat #fraud: https://lnkd.in/dgap_YdQ #PaymentsMatter
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