PYMNTS

APRIL 3, 2018

Securities and Exchange Commission (SEC) has charged two founders of a cryptocurrency company for an allegedly fraudulent initial coin offering (ICO) that raised more than $32 million. And they allegedly hired celebrities to promote their ICO on social media platforms. “As Their firm, Centra Tech Inc.,

social media 101

social media Fraud cryptocurrency Branding 101

PYMNTS

APRIL 5, 2019

Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.

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Groups social media Fraud cryptocurrency 190

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

JUNE 5, 2019

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. Counterfeit Debit Cards. The alleged thieves reportedly used “fake IDs and counterfeit debit cards” to pose as authentic customers inside mobile phone stores.

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cryptocurrency Fraud New York City social media 132

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

Fraud 78

Fraud National Security social media 78

PYMNTS

MARCH 7, 2018

As social media companies focus on preventing harmful content from spreading across their platforms, Twitter seeks to stop cryptocurrency scams from circulating as well. The news comes as Facebook announced it is not interested in running cryptocurrency ads , Recode reported in January.

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social media Bitcoin cryptocurrency Course 103

PYMNTS

AUGUST 6, 2018

Facebook Talks To Banks About Checking, Card Data. Facebook has been talking with banks about sharing customer data, such as checking account balances and card transactions, according to a new report. Walmart Enters Partnership On Meal Kits. Starbucks Says Crypto Partnership Does Not Translate To Payment Method.

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social media Bitcoin cryptocurrency Regulation 100

Qudos Bank

FEBRUARY 15, 2024

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. If someone wants you to pay them in cryptocurrency, and cryptocurrency only, then you should be on high alert.

cryptocurrency 52

cryptocurrency social media Online Security 52

PYMNTS

JULY 27, 2017

Once bank accounts or credit cards are hacked, either online or at big box stores, trust in the payment processing system can dwindle — and that trust can become difficult to build back up. Cryptocurrencies like Bitcoin were created to help add an additional layer of security to rising digital transactions. In other U.S.

Bitcoin 124

Bitcoin Security cryptocurrency social media 124

Qudos Bank

MAY 17, 2023

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. If someone wants you to pay them in cryptocurrency, and cryptocurrency only, then you should be on high alert.

cryptocurrency 40

cryptocurrency social media Online Security 40

Gonzobanker

DECEMBER 14, 2023

In addition, it has has opened more than 400,000 debit cards and is opening as many as 75,000 per month, creating a whole other disruption risk we need to discuss. Venmo and Cash App have moved to add merchant adoption as the big revenue opportunity for their growth and the potential for alternative payments displacing cards is real.

Fintech 195

Fintech Community Regional Technology 195

FICO

NOVEMBER 22, 2021

Not to mention, the window for fraud has grown because retail events kicked off in October to counter concerns about supply chains and logistics. Growth in e-Commerce has Seen Fraud Surge. The fraud problem has gone viral. France and Germany have seen fraud increase during the pandemic. In the U.S. In the U.S.

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Fraud Cards Retail Online 98

PYMNTS

FEBRUARY 16, 2019

His commentary about bitcoin over the years has included the words “stupid” and “a fraud,” along with threats to fire any employee caught trading it. The most positive thing Dimon could ever bring himself to say about the cryptocurrency seemed to be that he doesn’t care enough about it to be the official spokesman against it.

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Apple Payments New York Mobile 143

PYMNTS

FEBRUARY 19, 2018

Oh, and cryptocurrencies too. According to the indictment, “in order to maintain … accounts at PayPal and elsewhere, including online cryptocurrency exchanges, defendants and their co-conspirators purchased and obtained false identification documents.”. social media. Pinedo is said to be cooperating with authorities.

Fraud 120

Fraud Data social media Security 120