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4 ways banks can use data to manage fraud risk

BankInovation

Money laundering, automated clearing house fraud and wire transfer scams are running rampant in the banking industry. billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the space, according to an analysis from fintech and core provider Fiserv. financial institutions spent more than $4.5

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Cyber Attack Hits US Health Department As It Tries To Fight Coronavirus

PYMNTS

The incident could’ve been connected with a spate of rumors about a national quarantine, which a text by the National Security Council confirmed was not true — there wasn’t any such quarantine in effect as of Monday, March 16, and messages saying there was were fake, the text said.

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CFPB September 2016 complaint report highlights money transfer complaints, complaints from Pennsylvania consumers

CFPB Monitor

General findings include the following: As of September 1, 2016, the CFPB handled approximately 982,400 complaints nationally, including approximately 28,700 complaints in August 2016. The percentage of mortgage complaints submitted by Pennsylvania consumers, 22 percent, was lower than the 25 percent national average.

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End-Of-Summer Edition: Retro Malware, Bitcoin’s Surge ‘N’ Split And Apple Watch Sees Other People

PYMNTS

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. That same thing will, of course, be looking up. Today, between 12:05 p.m. EST/9:05 a.m. PST in Oregon and 2:48 p.m.

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