PYMNTS

FEBRUARY 6, 2020

The European Commission has increased its push for information – including internal emails, chat logs and presentations – regarding allegations that Facebook exploited access to users’ data as a way to suppress competitors, per the report. This information gave Facebook insider information about its competitors.

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PYMNTS

JUNE 2, 2019

According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout. There was a file attached to the email claiming to include more information, but would instead run malicious code when opened.

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social media Bitcoin cryptocurrency blockchain 119

PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 31, stood at 2.5

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PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

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PYMNTS

MARCH 26, 2020

Who you were before the crisis should inform who you are during the crisis. If a retailer finds itself in a place of delivering crisis-specific information, as CVS and its competitors are, that should come from a brand stance that emphasizes reliability and trust. Even highly-regulated industries are catching on to this.

Branding 145

Branding Retail social media Customer Experience 145

PYMNTS

NOVEMBER 27, 2018

“Dominant online platforms have more power to shape public opinion than newspapers or the television ever had, yet they face very little regulation or liability,” Rometty said. after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

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PYMNTS

JANUARY 29, 2021

Legislators in the European Union have informed Alphabet , Facebook , Apple and Amazon that they are open to delaying a potential hearing beyond Feb. The European Parliament had invited the leaders of the firms to a hearing in Europe to aid them in forming an opinion on stringent new regulations that the European Commission had put forward.

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social media Apple Online Regulation 148

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

JUNE 24, 2020

RJIL is a licensed operator of communications systems, which services customers throughout India. In April, news surfaced that Facebook closed a deal for a minority share in Reliance Jio, which would provide the social media platform with a bigger presence in India.

Delaware 130

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PYMNTS

NOVEMBER 22, 2018

s data watchdog in response to the social media site’s Cambridge Analytica scandal. after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”. Facebook plans to appeal a fine issued by the U.K. ’s

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social media Data Online Examples 138

PYMNTS

JULY 29, 2019

Companies that embed the button on their websites can be held liable for collecting users’ personal data because they are allowing the information to be transferred to Facebook, Reuters reported. A consumer association in Germany said the plugin allowed the social media company to collect data on the site’s users, the news outlet said.

Data 122

Data Company social media Compliance 122

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

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PYMNTS

JULY 16, 2019

“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

National 187

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South State Correspondent

MARCH 15, 2023

8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties. The more active your customer base and “friends of the bank” are on social media, the shorter you can expect your deposit duration when sentiment turns negative.

social media 195

social media FDIC Branding Management 195

Abrigo

NOVEMBER 17, 2023

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. financial s ystem.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). based tech firms operating there.

Google 124

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PYMNTS

OCTOBER 31, 2019

EU antitrust regulators are now investigating whether Facebook’s Marketplace is unfair regarding online classified ads, according to a report by Reuters. Regulators are also looking into the marketplace’s growth, and into Facebook’s commercial ties with its rivals. . The platform exists so people can buy, sell and trade items. .

social media 101

social media Groups Regulation Survey 101

Gonzobanker

MARCH 22, 2023

Here are seven key areas where bank executives need action plans to address burning challenges: Communication – Bankers have been working to calm their customers and community, but the quantity and quality haven’t yet met the standard in an always-on social media world where the public is sniffing for transparency and authenticity.

social media 78

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PYMNTS

MAY 25, 2020

The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. Phishing attacks are some of the most common scams. Secret Service. Several banks in the U.K.

Fraud 167

Fraud social media Security Guidelines 167

PYMNTS

OCTOBER 16, 2019

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

social media 110

social media Online Groups Video 110

PYMNTS

JUNE 28, 2019

David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to reports. “We

social media 117

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Independent Banker

SEPTEMBER 30, 2021

If you want to develop trust on social media, you need to be there when your customers need you.”. Use social media to build trust. Here are her tips for building trust on social media: 1. Hill rarely uses social posts to highlight bank products or services. That makes building the trust easier.” —Ed

Community 139

Community Community Bank social media Security 139

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. But the bottom line is that a financial institution must do something to inform itself of how its advertisements are being placed.

Lending 130

Lending social media Compliance Regulation 130

CFPB Monitor

APRIL 11, 2022

The duties performed by the SCs/HLCs required them to hold a mortgage originator license in every state in which 1 st Alliance operated. By 2017, 1 st Alliance’s compliance department began to raise concerns to company leadership, including the individual defendants, that SCs were engaging in activities that would require licensing.

Connecticut 78

Connecticut Company Regulation social media 78

PYMNTS

APRIL 2, 2018

The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.” As of the end of the week, at least one firm, Mattervest, said it had shuttered operations. The firms named include Mattervest, Inc.,

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

AUGUST 24, 2019

According to Zach Hensley, vice president of operations and guest experiences for the Seahawks and CenturyLink Field, these services are changing how fans experience live games and boosting their overall enjoyment. CenturyLink Field, home of the Seattle Seahawks , was the first NFL stadium to adopt the technology.

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

MAY 24, 2018

The European Union’s General Data Protection Regulation (GDPR) goes into effect on May 25, officially changing the way EU businesses handle consumer data. Its effects will likely have far-reaching consequences, too, for both EU-based companies and those that operate outside the region. What Is Personal Data, Anyway? In the U.S.,

Data 100

Data Compliance social media Operations 100

CFPB Monitor

AUGUST 10, 2021

In August 2020, the OAG finalized CCPA regulations that require businesses to honor user-enabled global privacy controls, such as a browser plug-in or privacy setting, device setting, or other mechanism, that communicate or signal the consumer’s choice to opt-out of the sale of their personal information. Enforcement updates.

California 78

California Tools Conference Policies 78

South State Correspondent

JUNE 13, 2022

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. Some risks occur slowly; others strike quickly and hard.

Risk Management 195

Risk Management Examples social media Management 195

Bank Innovation

APRIL 18, 2016

‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud. Banks have generally been reluctant to move important information from in-house environments to the cloud, but that could Read More.

Compliance 150

Compliance Tools Regulation social media 150

PYMNTS

NOVEMBER 20, 2017

Peeling back the onion to sift through the layers of social media, watchdog websites and legal databases, the questionable actors who Hennessy said “may not be operating at the surface level” start to reveal themselves. Hennessy noted that regulators at both the federal and state levels are refocusing on consumer protection.

social media 124

social media Examples Regulation Management 124

PYMNTS

APRIL 19, 2019

That’s because Strong Customer Authentication (SCA) is on the way in September, but as has been seen with other sweeping changes mandated by regulators and impacting the very way payments are made, lots of folks are not paying attention. And perhaps more than $100 billion in lost sales.

social media 125

social media Online Regulation Taxes 125

PYMNTS

APRIL 30, 2018

The social media platform has admitted the incident may have impacted as many as 87 million users. During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2

Data 119

Data Compliance social media Regulation 119

Insights on Business

JULY 17, 2019

Risk Management has become an integral to business operations, due to its impact on the bottom line, for the C-suite executives, like the CISO and CIO, who want to raise awareness on these risks to all employees in their institutions. For more information.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

JANUARY 31, 2019

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. Both help them remain vigilant in the fight against fraudsters.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

JANUARY 28, 2019

It is also, according to reports, a favored new method by thieves, who will access someone else’s credit card information, use it to create a Fortnite account and then buy V-bucks, the game’s currency. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

Video 128

Video Data Google Cards 128