Remove Definition Remove Fraud Remove Online Remove social media
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eCommerce Fraud Presents A $12 Billion Problem

PYMNTS

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. That doesn’t count alienated customers who are ready to pull the trigger on social media with a bad review.

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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

PYMNTS

Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

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4 Ways To Prevent UPI Fraud Amid The COVID-19 Crisis

BankBazaar

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. .

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Banks Need Artificial Intelligence – It’s Just a Matter of Picking the Right Technology

Gonzobanker

The following definitions and use cases for the application of AI are meant to help bankers push their vendors to explain their technology in layman’s terms. Whether or not banks and credit unions know it, they are using unsupervised machine learning in many of their anti-money laundering and fraud software applications.

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FTC: Romance Scammers Swindled $143M From Consumers In 2018

PYMNTS

Romance scams are perpetuated by those who meet victims online and charm them over a period of time, gaining the trust and admiration of the target. The scammers work on dating apps and on social media. If you see the photo on a popular site, or under a different name, that’s a definite warning sign.

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Three Things an Identity Fraud Platform Needs

FICO

Identity fraud is a significant risk to your business; expense, customer satisfaction and brand reputation are all at risk. The impact on customers is sobering: Almost 20% of US adults report that their identity has definitely been used by a criminal to open an account. Identity Fraud - Beyond Point Solutions. Social media data.

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Fraudsters Pose As Hurricane Relief Orgs

PYMNTS

Watch out for fake websites and social media pages. More than a decade later, thanks to the proliferation of social media, information (and misinformation) spreads faster than ever. When it comes to Facebook and other social media platforms, look for the “Verified” checkmark. Experts weigh in. Just don’t.