Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

INETCO

Webinar: Mitigating Benefit Threat through Rapid Data Processing & AI Modeling

With EBT SNAP fraud on the rise, safeguarding our most vulnerable populations is a growing challenge across the U.S. This webinar will equip you with actionable strategies to protect the integrity of EBT beneficiary cards and merchant acceptance. Learn tips and tricks related to sharing transaction data insights, detecting malicious EBT transactions with speed and accuracy, and implementing risk scoring and behavioral analysis without bias. Leave with new ideas to enhance your EBT fraud strategy efficiently and effectively--without taxing your team or your budgets.

MobiFin and INETCO partner to deliver cutting-edge digital banking and payments security

MobiFin, a leading provider of unified digital banking and payment solutions, has entered into strategic partnership with INETCO, an innovative real-time transaction monitoring and fraud prevention company. INETCO has established a significant global footprint by implementing its innovative solutions across more than 27 nations, serving some of the most prominent financial powerhouses worldwide.

Experience the INETCO BullzAI difference

Imagine a world where every payment is secure, every transaction is protected and compliance keeps your customers safe. INETCO BullzAI protects all payments against emerging fraud, money laundering and cyber-attacks, without compromising the customer experience. Discover how to protect your financial institution or payment processor against attacks that other systems can’t detect.

Shielding against FASTCash ATM fraud: How INETCO BullzAI secures banking networks

On October 15, 2024, a new Linux variant of the notorious FASTCash malware was uncovered, once again highlighting the vulnerabilities in global banking systems. This malware, attributed to North Korean threat actors, has been responsible for siphoning millions of dollars from ATMs worldwide by compromising interbank payment switches. The latest version targets Linux systems, allowing attackers to manipulate transaction messages and approve fraudulent cash withdrawals.

Every transaction tells a story: Protecting HPE NonStop ecosystems against AI-driven cyber threats

In a world where digital transformation is accelerating, the stakes for safeguarding critical infrastructure, government systems, and financial services have never been higher. These sectors are increasingly targeted by sophisticated payment fraud schemes and AI-powered cyberattacks, leaving them under immense pressure to shield their customers from threats.

New Latin American fraud rules demand real-time action: Is your bank ready?

With Latin America facing an unprecedented increase in claims for unrecognized credit and debit card transactions, banks and card issuers are directly feeling the impact of fraud and cyber-attacks that are growing more sophisticated by the day. Recent regulations have been implemented across Latin America to address a variety of payment fraud, including an unprecedented surge in claims of unrecognized transactions involving debit, credit and financing products.

Why Cyber-Fraud Teams Are the Next Big Thing in Payments Security

The growing inter-connectedness of digital systems, combined with the alarming ingenuity of financial criminals, has led to a convergence between payment fraud, cybercrime, and AML. As financial transactions increasingly occur online and real-time payments have expanded to over seventy countries, cybercriminals are exploiting these trends by developing sophisticated schemes to target vulnerabilities in digital payment systems.

A Look Back at Payment Fraud Trends of 2023

2023 repeated some familiar payment fraud trends from 2022.There were some shifts in the prevalence of different fraud types, according to data from Verifi. The persistence of phishing remains at the forefront, posing significant challenges for businesses and consumers. Notably, friendly fraud became the second most prevalent fraud seen in 2023.