Remove Florida Remove Fraud Remove Online Remove Security
article thumbnail

Study: COVID-19 Fraud Reaches $100M

PYMNTS

losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. The five most targeted states by the scams include the ones with the biggest populations: California, Florida, New York, Texas and Pennsylvania. Those cases have cost victims a total of $97.5

Study 280
article thumbnail

FTC Reports Over 18K Fraud Cases Linked To Coronavirus

PYMNTS

According to the FTC, there have been 18,235 reports of fraudulent activity or fraud attempts related to the coronavirus since Jan. million to fraud. The FTC says the top categories of these scams entail travel and vacation-related items, online shopping and bogus text messaging, along with “all kinds of imposters.”

Fraud 217
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Report: Home Closings Go Digital With Remote Online Notary Services

PYMNTS

Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. About The Tracker.

Online 195
article thumbnail

How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

PYMNTS

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

Fraud 178
article thumbnail

How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval

PYMNTS

Banks’ security efforts depend on analyzing consumers’ transaction histories to gain firm understandings of their normal behaviors, enabling financial institutions (FIs) to spot unusual activities that could suggest fraudsters are involved. Defending Agains Fraud During Periods Of Reopening .

Fraud 180
article thumbnail

How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness

PYMNTS

This can be a significant help for consumers who may be unable to make purchases during the pandemic unless they have cards for checking out online or digital wallets to use with any brick-and-mortar merchants who have stopped accepting cash. How FIs Adapt Fraud Detection During Times of Behavioral Upheaval.

Fraud 222
article thumbnail

Alabama Tests Selfie Authentication To Fight Tax Fraud

PYMNTS

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. If it’s a match, the user obtains the credential and is able to prove their identity online. “By

Alabama 101