New Product Release: Fraud Detect

Today, First Data announced the launch of Fraud Detect, a comprehensive fraud solution for merchants around the world. Fraud Detect leverages artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the Dark Web to provide merchants with the capability to detect fraudulent in-store, at the pump, online, mobile, and in-app transactions before…

CONNECTED Magazine: Why Machine Learning Works

With the on-going and evolving world of commerce, fraudsters continue to find new ways to attack consumers and businesses. Luckily, companies are innovating just as quick and learning to combat fraud before it happens. Machine learning technology is being adapted by Fortune 500 companies around the world. But why does it work? And how does…

CONNECTED Magazine: What is the Deep and Dark Web?

Incase you missed it, First Data released their inaugural issue of CONNECTED, a First Data magazine focused on the world of commerce. We hear the terms, “Deep Web” and “Dark Web”, but are they the same thing? And how can they impact your business. Check out one of this issues featured articles HERE for a quick…

INFOGRAPHIC: Family Business & Cyber Security

Despite the growth of the global economy and the ability to buy anything from anywhere online, supporting local, family-owned small businesses has become more popular than ever. More than ever before, family-owned small businesses are at risk of becoming extinct due to the growth of fraud. Fraudsters are taking advantage of the fact that more small businesses are using technology and jumping into eCommerce to drive…

WHITE PAPER: Machine Learning for Fraud Mitigation

The use of machine learning (ML) analytics is one of the biggest buzzwords in fraud prevention. And why not? The concept is sound—fraud is moving too fast for the legacy approaches that rely on rules and annual model refreshes to be effective. Financial institutions (FIs) and merchants need advanced analytics technology that can evolve rapidly…

INFOGRAPHIC: Fraud from Within

The fear of fraud is a constant. Unfortunately, now more than ever before, fraud is being committed by employees on the inside, the very people who are supposed to be supporting and protecting an organization. Even though the financial industry is one of the most r egulated, financial institutions are still getting hit with the…

The ABCs of EMV – Part 3

The First Step On The Path To Reducing Payment Card Fraud This is the third in 3-part series about EMV technology and how it helps keep sensitive data away from cyber-thieves. Eighty countries around the world are in various stages of EMV technology adoption, and the evidence clearly shows that EMV technology reduces fraud.[1] The…

Big Data Enables Efficient Cyber Defense

This is the fourth in a series of five brief summaries about cyber security strategy in the Asia Pacific region. Many enterprises in the Asia Pacific region are still running dated systems and technologies that are highly vulnerable to cyber attacks. The general lack of security expertise and low adoption of risk management technologies put…

Asia Pacific Needs Technologies for Faster Cyber Security Response

Asia Pacific Needs Technologies for Faster Cyber Security Response | First Data This is the third in a series of five brief summaries about cyber security strategy in the Asia Pacific region. Cyber attacks today can penetrate their targets and take over in a few seconds, and the Asia Pacific region needs to adopt a…

What You Can Do to Prevent a Payment Card Data Breach

Is data security low on your list of priorities for your business? It shouldn’t be. A breach of payment card information is a serious situation that can not only cost your business tens of thousands of dollars, it can also impact your business in variety of ways that can be difficult to recover from. The…

What You Can Do To Protect Your Business

This is the last in a series of four brief summaries about what small business owners need to know about data breach risk and liability. If you’re a business owner, it’s important to do what you can to protect the payment information in your possession in order to protect your business. The first step to…

A Breach Could Have Significant Impact on Your Business

This is the third in a series of four brief summaries about what small business owners need to know about data breach risk and liability. There are many ways that your business could be impacted by a payment card data breach. Substantial fees and fines that could potentially total in the tens of thousands of…