categories fraud-news-and-financial-crime-news 
PYMNTS
JULY 7, 2020
Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). I think the FTC’s numbers are almost certainly just the tip of the iceberg when it comes to fraud losses,” Breyault told CNBC. “We We know fraud is historically an under-reported crime.”.
Abrigo
MAY 20, 2020
FinCEN issued an advisory on May 18, 2020 to alert financial institutions to medical scams related to the COVID-19 pandemic as well as new SAR key terms for reporting these scams. FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.”
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PYMNTS
SEPTEMBER 23, 2020
In today’s top news, the DOJ’s antitrust case against Google will focus on its power over internet searches, and GoodRx priced its stock at $33 a share, above its target. Walmart countered with an announcement that it will focus on toys and other gift categories as the retail industry prepares for an early start to the holiday season.
PYMNTS
NOVEMBER 20, 2019
As cryptocurrency crimes progress, Robinson said the company is committed to “shining a light on this illicit activity” and help put financial institutions (FI) at ease when “they need to engage with the crypto ecosystem.” . A smaller category was the sale of credit card details. percent of total XRP transactions. . “We
FICO
JULY 1, 2022
Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.
PYMNTS
OCTOBER 13, 2017
A recent whitepaper by G2 Web Services , titled “Why Reputation Monitoring Matters for Strong KYC,” found that manual searches for consumer complaints and negative news about banking customers has its limits. Financial institutions do not want to lose their franchises,” she told PYMNTS. financial firms. Misclassification?
PYMNTS
JULY 17, 2017
Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Good news, of course, but that doesn’t mean the pressure is any less. Fraud is dynamic.
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