PYMNTS

DECEMBER 12, 2019

From August 2017 to April 2018, Eyal and his company allegedly conducted a fraudulent unregistered securities offering by selling Shopin Tokens in an ICO. . Lawmakers in the Netherlands are looking into upping the maximum prison sentence for anyone committing payment fraud with cryptocurrency and money transfer apps, according to TheNextWeb.

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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”. Fraud Prevention. Fraud Trends. Fraud Prevention.

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PYMNTS

DECEMBER 31, 2018

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. Department Store Hacks.

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FICO

DECEMBER 19, 2017

Just as the Wild Card Round is followed by the Divisional Round in the NFL playoffs , fraud and payments predictions are always followed by New Year’s resolutions. Sure enough, wallets among fraud and payments professionals had already dropped some poundage. My Predictions for 2018. Payment Apps Proliferate.

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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.

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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. In 2016, customers took to social media to complain about a similar thing.

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PYMNTS

OCTOBER 29, 2018

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s already happening, of course, albeit tentatively.

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PYMNTS

DECEMBER 18, 2018

According to a report in Reuters , citing a blog post by Twitter , the social media company said it discovered the traffic to a customer support forum while looking into a security hole that makes user data, such as phone country codes, accessible to hackers.

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PYMNTS

AUGUST 17, 2018

To that end, a finance platform based in Switzerland, Advanon, has grappled with fraud, as reported by p2p-banking.com. The invoices were then financed by 78 private investors – and the fraud resulted in ill-gotten gains worth about two million euros. 1 of 2013 and the end of March 2018.

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PYMNTS

FEBRUARY 12, 2019

The scammers work on dating apps and on social media. They will generally request the money be sent by wire transfer or gift card. Inevitably, the person disappears after they get the money, leaving the victim with no recourse. They usually steal pictures of someone attractive and pretend to be them, or even steal identities whole.

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PYMNTS

JANUARY 21, 2019

With more than 200 million players worldwide, Fortnite has generated $3 billion profit in 2018 for the game’s developer, Epic Games. Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill.

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PYMNTS

JULY 16, 2019

including phishing websites, bank fraud and fake investments selling nonexistent commodities and shares of stock. The move by Facebook follows an April 2018 defamation lawsuit filed by Martin Lewis , founder of MoneySavingExpert.com. The initiative is intended to increase awareness of financial scams in the U.K.,

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PYMNTS

AUGUST 22, 2018

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud. reached $5.1

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PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

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PYMNTS

SEPTEMBER 11, 2018

Digital ID and authentication are always vital topics for payments and commerce — but now, given recent developments, including in social media, they have taken on new importance. Digital ID and authentication issues promise to gain even more currency as social media habits shift in the coming years.

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PYMNTS

SEPTEMBER 11, 2019

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of the use of text as a communication tool. Fraud Trends. billion in 2018. Fraud Crackdown. It’s gone,” the report stated.

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PYMNTS

FEBRUARY 18, 2019

According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Facebook is “not the same company” even a year ago, with the social media giant already instituting a lot of changes, the executive noted. billion.

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FICO

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. How Scams Differ from Third-Party Fraudulent Transfers. Using Behavior-Sorted Lists to Detect Scams.

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PYMNTS

MARCH 22, 2020

” The lawsuit was originally filed by a small business owner in 2018. The complaint said Facebook’s actions were “deliberate and misleading,” and as of March 3, the social media site still hadn’t removed the fake and duplicate accounts from the ad metric calculations.

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PYMNTS

APRIL 19, 2019

Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first few weeks of April. ” Chipotle, which will continue to monitor the situation, recently posted better-than-expected earnings results for the fourth quarter of 2018, reporting sales of $1.23

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PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. million the defendants raised in 2017 and 2018.

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PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

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PYMNTS

APRIL 18, 2019

Social media giant Facebook has admitted that it might have “unintentionally uploaded” the email contacts of 1.5 Facebook said its total ad revenue grew 38 percent in 2018 to $55 billion, while net digital ad revenue in the entire country grew 36 percent, to $23.66 percent in 2018, and is predicted to reach 22.9

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PYMNTS

OCTOBER 11, 2018

In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits. Jing made the comments at Alibaba’s 2018 Investor Day, where he gave a presentation on the company’s various technology capabilities.

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PYMNTS

AUGUST 30, 2019

Learn about new approaches to fighting fraud, debit cards for kids, the world that Netflix created and is now in danger of losing, and other topics. Visa: New Cyber Threats Require New Fraud Tools. The phenomenon of payments fraud is not a modern one — far from it. Experts estimate that total fraud losses in 2018 totaled $3.9

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PYMNTS

DECEMBER 19, 2018

Over the course of years, Facebook reportedly enabled some of the world’s biggest tech companies to access the personal data of users — which amounted to the social media giant exempting some businesses from the privacy rules its customers thought they were protected under.

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PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

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PYMNTS

NOVEMBER 15, 2017

With the opening of this new store, which already has 13 locations at GGP malls, the retailer will have the opportunity to experiment and focus more on social media-friendly millennials. We will open 10 stores in 2017 and follow up with three more in 2018.”. Earlier this year, Forever 21 partnered with mall owner GGP Inc.

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PYMNTS

AUGUST 7, 2019

If you clicked or viewed an advertisement for a mobile application and subsequently interacted with the mobile application since May 2018, we may have shared certain data (e.g., The company said it found bugs that may have shared user information with advertisers even when users asked it not to do so. “If

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PYMNTS

JUNE 19, 2020

That’s led to the removal of more than 7,000 listings on several marketplaces, more than 360 websites and over 1,000 social media accounts. An early pioneer in this respect is Audemars Piguet, which in 2018 announced plans to launch a second-hand watch business. As a result of its efforts, 99.9%

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PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. In a press release on Tuesday (Feb.

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PYMNTS

SEPTEMBER 7, 2018

In the 2018 digital world, that concept includes a growing consumer and lawmaker backlash about what they view as lax policies for the protection of shopping and transaction data — along with increasing technology capabilities of collecting even more data and using it to craft precise advertising messages. Trust Evolution. Machine Help.

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PYMNTS

NOVEMBER 22, 2019

People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. What we’ve seen is that fraud has gone mainstream,” Naumann said.

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PYMNTS

SEPTEMBER 30, 2019

trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. According to the 2018 Global Brand Counterfeiting Report , luxury fashion brands are a favored target. Social Media. Visa said that since their inception, chip cards have reduced counterfeit fraud by 87 percent.

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PYMNTS

DECEMBER 31, 2019

We are also making a distinction between hacks that were announced during the year, such as the gargantuan disclosure by Marriott that hackers accessed 383 million guest records, but the attacks were in 2018. Size and Scope. Zynga, the mobile gaming company, saw another large breach with 218 million records hacked.

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PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

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PYMNTS

JULY 3, 2017

Good news for consumers: as of January 2018, that’s not going to be a thing anymore. In 2013, new limits were set on the amount merchants were legally allowed to charge customers for paying by credit or debit card, and come 2018, that amount will be slashed to zero. The Rise of CNP Fraud. Consumer Protection.

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