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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI). Embarking On A Digital Transformation.

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Capital One Hack Prompts Lawsuit, NY AG Probe

PYMNTS

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . About 140,000 Social Security numbers and 80,000 bank account numbers were compromised. . Reuters reported. The suit is seeking class-action status. .

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AGs Probe Google Data Breach

PYMNTS

The New York Attorney General and the Connecticut Attorney General are investigating the Google data breach that may have exposed the private data of at least 500,000 users. Google announced Monday (October 8) that it is shutting down Google+ after finding a security bug that made the data accessible to developers.

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Victims Of Tech Support Scam Get Refunds

PYMNTS

The scheme convinced consumers to purchase tech support services by saying their computers had malware, viruses or other types of security bugs. To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release.

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Mobile Payments Fraud: How Strong Is Your Defensive Line?

FICO

Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. However, as a payments professional in the business of preventing fraud, I’m not just impressed at how easy this new ATM technology is to use. No, CBT’s Barney wasn’t a purple dinosaur.

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Italian Bank UniCredit To Investigate Capital One Data Hack

PYMNTS

Seattle-based Thompson was charged with one count of computer fraud and abuse following her arrest on Monday (July 29). Kevin Zosiak, who lives in Stamford, Connecticut, and whose personal information was compromised in the data breach, filed the suit in federal court in Washington, D.C., Reuters reported.

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