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8 tips to protect yourself from bank fraud and scams.

PopularBank

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

FICO

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

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Facebook Berated By Microsoft; Presses To Fight Tech Thieves

PYMNTS

Smith said social media companies should not make money from “hatemongers posting vile content” and then duck liability. In Smith’s new book being released on Tuesday (Sept. The book was co-written with Microsoft communications executive Carol Ann Browne. .

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Unbundling The Travel Bundle

PYMNTS

Another hair in the soup is Generation Z’s increasing preference toward social media marketplaces that eschew established eCommerce platforms entirely, forcing these businesses to change tactics. How AI Can Help With Consumer Onboarding Security. About the Playbook.

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Study Shows Hotels Often Leak Guests’ Personal Info

PYMNTS

“While it’s no secret that advertisers are tracking users’ browsing habits, in this case, the information shared could allow these third-party services to log into a reservation, view personal details and even cancel the booking altogether,” Wueest said. The breaches happen when a site sends an email to confirm a booking.

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How Payments Help The Sharing Economy Run On Trust

PYMNTS

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Supply Of Data.

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How Payments Make Online Travel Sites Worth The Trip

PYMNTS

But that’s not such good news for the agents, and some may opt to introduce booking fees or other incentives to discourage customers from using cards. This was particularly true for lower-cost bookings, such as car rentals, short stays and flights. The Rise of CNP Fraud. Complex Cross-Border B2B Payments. Consumer Protection.

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