Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind. Elsewhere in the space, FIs are seemingly more focused on social media integrations. How Banks Are Weaponizing Data To Fight Fraud.

Fraud 178

Fraud social media Data Trends 178

PYMNTS

APRIL 21, 2020

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. The scams often impersonate legitimate companies and have fake social media accounts.

social media 240

social media Fraud cryptocurrency blockchain 240

PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

Fraud 52

Fraud social media Cards Security 52

PYMNTS

AUGUST 19, 2019

Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Corporate Wire Fraud. Payment terms have been higher, too.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

JANUARY 21, 2020

Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. Some industries are more prone than others, as we discovered in the latest Fraud Decisioning Playbook , a PYMNTS and Simility collaboration.

Fraud 131

Fraud social media ATM Industry 131

PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

Fraud 177

Fraud Mobile social media Customer Experience 177

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. One of the most important links in the chain of e-commerce fraud is the “mule”. Learn more.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

Regulation 352

Regulation social media Course Apple 352

PYMNTS

SEPTEMBER 16, 2019

17) will discuss the fraud problem stemming from influencer marketing. It’s challenging that the industry that was built on trust is struggling with that trust,” said Erick Schwab, co-founder of Sylo, a third-party service that authenticates online audiences. The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept.

social media 150

social media Regulation New York City Baltimore 150

PYMNTS

SEPTEMBER 30, 2019

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101

Online Fraud Branding social media 101

PYMNTS

DECEMBER 12, 2019

The Securities and Exchange Commission charged a digital-asset entrepreneur and his company — Eran Eyal, founder of UnitedData, doing business as Shopin — on Wednesday (Dec. From August 2017 to April 2018, Eyal and his company allegedly conducted a fraudulent unregistered securities offering by selling Shopin Tokens in an ICO. .

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

DECEMBER 18, 2020

The paper also stated that pharmaceutical companies and shippers are on the lookout for thieves seeking to intercept doses. INTERPOL states on its website : "(W)e are seeing an increase in counterfeit medical products, fraud and cybercrime.". There will be, certainly globally, a lot of money that can be made by criminals.”.

Report 274

Report United States social media Guidelines 274

PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

Industry 225

Industry Fraud social media Security 225

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. Where exactly GDPR applies and how broadly it reaches remains confusing for many companies, even two years after the rule was first put into place.

Online 151

Online Report Payments Regulation 151

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. Bancorp, which is the parent company of U.S. Effective cyber-fraud strategies must be comprehensive, nimble and intelligence-driven,” she said. Bank , one of the largest commercial banks in the United States. At The Consumer Level.

Fraud 295

Fraud Strategy social media United States 295

PYMNTS

JULY 10, 2020

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can seamlessly and safely place orders. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud.

Mobile 162

Mobile social media Report Fraud 162

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

Fraud Resources Software Training 335

PYMNTS

JANUARY 13, 2020

And beginning earlier in the month, new laws seek to tackle “rogue traders and online tricksters,” as denounced in a statement by Vera Jourova, the EU’s commissioner for values and transparency. That applies, too, to online ticket sales. The dawn of 2020 brought a spate of new rules governing data collection and use. A California CFPB?

Data 131

Data social media Regulation California 131

PYMNTS

OCTOBER 5, 2020

The company said it is also working to stop the sale and resale of counterfeit respirators on various eCommerce platforms, including Amazon, Alibaba, Mercadolibre, Lazada, eBay, Flipkart, Shopee and Made-in-China, among others.

Minneapolis 168

Minneapolis social media Fraud Resources 168

CFPB Monitor

SEPTEMBER 22, 2020

The workshop will cover a broad array of topics within the FTC’s jurisdiction, including truth-in-advertising law, social media marketing, data security, business-to-business fraud, and other business basics. The Truth About False Advertising (an overview of the FTC’s truth-in-advertising expectations).

Security 78

Security social media Data Fraud 78

PYMNTS

JUNE 21, 2019

The complication caused long lines and wait times in the store , and the company placed the blame on an issue related to a vendor. In 2014, the company dealt with something similar with its payment processing systems. As a result, the company had to purchase currencies ahead of time regularly. Ripple Drops $50M Into MoneyGram.

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The Rise of CNP Fraud. Consumer Protection.

Online 112

Online Payments Fraud Cards 112

PYMNTS

MARCH 8, 2019

Last month, Twitter’s first-quarter sales forecast showed weak user growth as the company aims to improve its services. Twitter isn’t the only social media site looking to boost its privacy measures. In addition, the company will not store “sensitive data” in countries that have weak track records on privacy or human rights.

social media 156

social media Tools Report Data 156

PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. The latest company to be affected may be food delivery app Deliveroo, according to a report in the Financial Times.

Data 178

Data Security social media Fraud 178

PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

Fraud 112

Fraud Cards social media System 112

Accenture

OCTOBER 3, 2017

Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. Trust in online platforms and social-media companies as providers of payments services is low.

social media 151

social media Millennials Online Fraud 151

The Paypers

JULY 22, 2016

(The Paypers) A report from payment processing company Worldpay has explored how social media activities could be used as a powerful tool for identity verification and fraud prevention.

social media 28

social media Tools Online Retail 28

PYMNTS

NOVEMBER 27, 2019

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. The new Digital Fraud Tracker highlights the emerging fraud trends as well as the latest solutions and strategies that companies are embracing in an effort to protect themselves and their customers.

Fraud 151

Fraud Philadelphia social media Trends 151

PYMNTS

MARCH 21, 2019

households and companies increased 16 percent in 2018, according to new data. The uptick in fraud comes as banks wrestle with fighting data breaches, some of which are high-profile and are shaking consumers’ confidence. UK Finance found that authorized or push payment fraud jumped 50 percent year over year.

Fraud 122

Fraud social media Data Report 122

PYMNTS

AUGUST 14, 2017

Previously, African merchants had the opportunity to sell their wares on platforms such as OLX and Jumia or by leveraging social media platforms like Facebook and Instagram. Sky.Garden isn’t looking to replace those methods, said Isaac Hunja, the company’s marketing director.

Online 131

Online social media Mobile Software 131

PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” “A company of its size and expertise should have known better and it should have done better.” Facebook got hit with a $644,600 fine in the U.K.

social media 134

social media Data Security Report 134

BankBazaar

MAY 18, 2020

Online transactions have witnessed an uptick since COVID-19 hit our lives. This has been accompanied by an increase in cyber frauds as well. With physical stores closing down and people wanting to reduce exposure, people are going online to complete their financial transactions. Here’s how you can stay protected. .

Fraud 78

Fraud Google social media Apple 78

PYMNTS

JULY 28, 2019

The project will battle online abuses and misuses on the platform such as disinformation and election interference, Reuters reported on Friday (July 26). The ability to do academic research on what’s happening online has never been worse,” Stamos told the Guardian. . But it’s because governments aren’t stepping up.”.

social media 109

social media Security Policies Google 109

PYMNTS

JANUARY 14, 2021

Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse shoes online. Nike wrote in a lawsuit filed in the U.S. Taking a Hard Line Against Alleged Counterfeits .

Los Angeles 309

Los Angeles social media United States New York 309

PYMNTS

AUGUST 23, 2019

Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses.

Millennials 165

Millennials Trends Meeting social media 165

FICO

APRIL 28, 2021

Early on in the pandemic, FICO detected a 3x surge in medical equipment fraud. Three men were charged with conspiracy to commit wire fraud in a criminal complaint filed Feb. A Comprehensive Fraud Checklist. government agencies have published alerts about COVID vaccine fraud. 9 in federal court in Baltimore. Numerous U.S.

Fraud 52

Fraud social media Baltimore Security 52