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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Consumers are taking advantage of remote work to buy new pets, but scammers are taking advantage of these quarantine puppies: Pet fraud has exploded during the pandemic to $3.1

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SEC Issues Corporate Fraud Warning As BEC Scams Climb

PYMNTS

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S.

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How Technology And Market Trends Spawn Innovation

PYMNTS

Direct-to-consumer (DTC) brands are putting a new spin on athleisure wear , inspired by the CBD-based wellness trend. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). All this, Today in Data. All this, Today in Data. 46B: Approximate amount of U.S.

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How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval

PYMNTS

Many consumers suddenly turned to eCommerce for items they previously purchased in stores, transacted in different frequencies and found new retailers. FIs confronting this new reality have worked hard to redesign their fraud-fighting approaches to suit the new commercial landscape. .

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Fraud Decisioning Orchestrates A Response

PYMNTS

What’s clear is that fraud decisioning solutions have never been more necessary, as cybercrime enters a new phase of sophistication, diabolical creativity and global scale. Bottom line: Fraud losses are expected to hit $48 billion annually by 2023 – more than double the 2018 losses. Sealing It.

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Walgreens Fights Promotion Abuse With Digital Tracking

PYMNTS

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

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Christmas In September? Holiday Fraud Planning Is In Full Takeover Mode

PYMNTS

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. In a new PYMNTS interview, Tricia Phillips, SVP of product at Kount , discussed the fraud trends for the upcoming fourth quarter. Fraud Headstart.

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