Worried about the rise in data breaches? Now it’s easier than ever to understand your company’s cyber risk. The latest release of the FICO^® Cyber Risk Score is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors. The FICO Cyber Risk Score is the first cyber rating available on the AWS Marketplace.…

Behind the headlines on financial crime compliance are big challenges. Criminals are getting more and more sophisticated. Rapid payments, instant payments, PSD2 have been vehicles to further misuse the financial system for laundering money and harming banks, their customers and the economy worldwide. On the other side, there is a lot pressure on banks to stop the c…

Whenever people are buying more, it’s an opportunity for criminals to strike, which makes Black Friday a dangerous time. With new scams on the increase, FICO’s fraud experts have added new tips for staying safe and avoiding fraud, taking the total to 16. Take Care at ATMs If an ATM looks odd, or your card doesn’t enter the machine smoothly, consider going som…

With people spending more and more time on their mobile phones — an average of three hours and 15 minutes on their phones every day, with the top 20% of smartphone users spending upwards of four and a half hours — “everything mobile” is driving digital transformation. Unfortunately, new fraud opportunities have come along f…

How do you fight the changing tactics criminals use to defraud customers? The only way is to innovate, learn and adapt. That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. And for the past 20 years, UBS have been using the FICO^® Falcon^® Platform and working in partnership with fraud e…

One of the hottest hot beds of innovation is artificial intelligence to combat financial crime, fraud and cyber risks while helping financial services organizations comply with security, privacy and data protection regulations. An immense amount of R&D investment is being focused in this area, producing a stream of new products. With so much activity by so many…

The Contingent Reimbursement Model is a UK payments industry initiative designed to compensate victims of authorised push payment fraud (APP fraud). Over the past few years, there has been a steady stream of reports of APP fraud — this is where fraudsters use social engineering techniques to trick people or representatives of businesses to send money to them. UK Finan…