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India’s New Social Media Rules Would Strip Anonymity — When Asked — From Accounts

PYMNTS

They aim for more accountability in social media, which has been a worldwide trend recently as social media companies try to combat ills such as fake news, child porn and hate speech, among other things. billion residents, and the rules would cover any social media app with more than 5 million users.

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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks. billion in losses reported.

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Why The Future Of Social Media Might Be About Thinking Smaller 

PYMNTS

The world of social media can be a rough sea to sail in. Those are the nice neighborhoods on social media — but it doesn’t take very much to accidentally be knocked over into one of the not-so-nice areas full scammers, trolls, nasty comments, nonsensical memes and angry mobs of all stripes.

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India Mulls Requesting eCommerce, Social Media Players To Store Customer Data Locally

PYMNTS

India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.

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Bitcoin Daily: DOJ Breaks Up 3 Crypto-Raising Campaigns Funding Terrorist Groups; 1M Drivers In S. Korea Have Digital Licenses Using Blockchain

PYMNTS

Department of Justice (DOJ) interceded three cryptocurrency campaigns that were funding Hamas, al-Qaeda, and the Islamic State group in the largest seizure of terrorist-owned or related cryptocurrency accounts, according to a press release. They also uncovered four websites and four Facebook pages related to the groups.

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Consumer Groups Plan Complaint Over Facebook’s Facial Recognition

PYMNTS

A coalition of consumer groups are planning to file a complaint with the U.S. The groups contend the technology violates the privacy of the social media platform’s users, Reuters reported. Additionally, Sherman said the platform doesn’t use the technology to identify users in photos who opt to disable the setting.

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Facebook To Debut Official Music Videos In The US

PYMNTS

Facebook is enabling official music videos on its social media platform in the United States to help users unite over music. The company said it is now rolling out in the United States in conjunction with Universal Music Group, Warner Music Group and Sony Music Group, among a number of others.

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