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Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

Would you like other articles like this in your inbox? A scam usually begins with online contact via social media or dating apps. Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security.

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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

News came this week that Jinse, an information service that is backed by Node Capital, was among the accounts impacted in the freeze.

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Brazil Banking Head Calls For Probe Into WhatsApp Payments

PYMNTS

Roberto Campos Neto also said in a webcast reported via the Congresso Em Foco news site that the government never blocked the service, which Facebook shut down last week — just days after launching it — due to what reports at the time said was a mandate from banking regulators. This news is not true,” he continued. and other countries.

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

Abrigo

Would you like other articles like this in your inbox? They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Bank wire fraud is growing and becoming more complex. Here are a few simple things you, as a financial crime professional, can do to slow it down.

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Federal Reserve warns about redlining and steering risks from digital targeted advertising

CFPB Monitor

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. Because the article represents one of the few regulatory perspectives on this issue, we highly recommend that financial institutions read it.

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Twitter Data Breach Prompts GDPR Investigation

PYMNTS

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. 25), the DPC said it was again looking into the social media giant because of another breach notification it received from the company, according to a report from Reuters. On Friday (Jan.

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Fair Value Accounting and Silicon Valley Bank Failure

South State Correspondent

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.