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

Abrigo

While previously, fraud was local or regional, today, scammers leverage technology extensively. They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Bank wire transfer fraud Current fraud trends Current fraud trends highlight a shift in scam origins.

Fraud 195
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Facebook Deal With Jio Faces Antitrust Scrutiny In India

PYMNTS

The CCI’s mission is to enforce India’s Competition Act which prohibits anti-competitive agreements and the abuse of a dominant position by corporations and, regulates mergers and acquisitions (M&As) and any actions which could hurt competition in India. In April, PYMNTS reported Facebook closed a $5.7

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

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Credit Unions Shun Online Ads For Content To Acquire Customers

PYMNTS

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

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How To Improve Uninsured Deposit Performance

South State Correspondent

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. Apply further rising rates, social media amplification of rates or risk, general sensitivity to safety, greater competition, or a credit shock to the deposit holding institution. The average life numbers shrink dramatically.

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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

PYMNTS

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. Department of Justice (DOJ) could sue Google for alleged antitrust violations as early as September, per media reports.

Taxes 131
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Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation

PYMNTS

By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, EVP, Digital Channels and Regions, Mastercard. In spring 2018, participating U.S. In spring 2018, participating U.S.