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Social Media Usage Increases In Q1 Despite Facebook’s Data Scandal

PYMNTS

Despite Facebook’s data scandal with Cambridge Analytica, the number of people that are using social media platforms increased by more than 100 million during the first quarter of 2018. According to an analysis by TheNextWeb , as of the end of March there were 3.3 billion people around the globe using social media.

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TRENDING: Is Sharing Cybercrime Data Key To Fighting Fraud?

PYMNTS

Elsewhere in the space, FIs are seemingly more focused on social media integrations. This full-scale integration, expected to be available to all customers soon, is designed to meet growing demand for banking via desktop, mobile or social media. . How Banks Are Weaponizing Data To Fight Fraud.

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Red Flags for COVID-19 Related Fraud – What You Need to Know

Abrigo

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Adjust your scenario thresholds and ensure your front line staff is aware of these fraud red flags to help detect and deter COVID-19-related fraud.

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Fraud Decisioning Pulls Ahead In A Tight Race

PYMNTS

The world’s biggest social media platforms are cracking down like never before. Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. Fighting Fakes With Fire.

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Holiday Sales on the Dark Web

Abrigo

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”. Such analysis can help answer questions such as: Are we being targeted?

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How fraudsters target different generations

Independent Banker

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

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Human smuggling: New FinCEN alert puts financial institutions on guard

Abrigo

According to the Homeland Security Operational Analysis Center , human smuggling along the southwest border generates an estimated $2-$6 billion in annual revenue. . But thanks to social media, smugglers are able to reach a broader pool of migrants online. Fraud Prevention. Fraud Trends. million in 2021.