PYMNTS
JANUARY 25, 2021
This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.
PYMNTS
FEBRUARY 1, 2021
At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. 727,000 was defrauded from a Missouri trucking company in an employee expense scam , reports in FreightWaves said.
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PYMNTS
MAY 28, 2020
This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.
PYMNTS
JULY 6, 2020
Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based
PYMNTS
SEPTEMBER 17, 2018
Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.
PYMNTS
AUGUST 23, 2018
Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.
PYMNTS
MARCH 2, 2016
In total, through the past year, the network gathered more than 3 million complaints, with Florida, Georgia and Michigan at the top of the state list for fraud complaints. The category of identity theft was seen most often in Missouri, Connecticut and Florida.
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