PYMNTS

SEPTEMBER 16, 2019

17) will discuss the fraud problem stemming from influencer marketing. It’s challenging that the industry that was built on trust is struggling with that trust,” said Erick Schwab, co-founder of Sylo, a third-party service that authenticates online audiences. The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept.

social media 150

social media Regulation New York City Baltimore 150

PYMNTS

OCTOBER 19, 2018

Those fraudsters can learn new techniques and keep a step ahead of companies, regulators, law enforcement and governments. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 billion worth of fraud losses.

Fraud 189

Fraud Online social media Software 189

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

JANUARY 13, 2020

And beginning earlier in the month, new laws seek to tackle “rogue traders and online tricksters,” as denounced in a statement by Vera Jourova, the EU’s commissioner for values and transparency. That applies, too, to online ticket sales. The dawn of 2020 brought a spate of new rules governing data collection and use. In India, Too.

Data 131

Data social media Regulation California 131

PYMNTS

DECEMBER 18, 2020

The paper said that prior to the approval of vaccines by regulators in the United States and the European Union, authorities had warned that fraudsters would use the opportunity to launch scams or sell stolen doses. INTERPOL states on its website : "(W)e are seeing an increase in counterfeit medical products, fraud and cybercrime.".

Report 274

Report United States social media Guidelines 274

PYMNTS

SEPTEMBER 3, 2019

Ad fraud’s prevalence is largely due to two factors: The lack of regulation and the sheer complexity and volume of online advertising. Banks may process $1 million worth of credit card fraud requests in a day, but ad fraud detectors can face up to 20,000 requests every second. Ad fraud can take a variety of forms.

Fraud 123

Fraud San Francisco social media Tools 123

PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. In 2016, customers took to social media to complain about a similar thing.

Data 178

Data Security social media Fraud 178

PYMNTS

OCTOBER 13, 2020

Department of Justice, which said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated – making it difficult to, as the maxim goes, follow the money. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

OCTOBER 1, 2020

Necessary ingredients of healthy international B2B commerce are dealt with in detail in PYMNTS’ new Merchants Guide To Navigating Global Payments Regulations done in collaboration with Ekata , which surveys the expanding global B2B payments landscape. Merchants, their payment providers and their regulators must keep up,” per the new Guide.

Regional 130

Regional Regulation social media Security 130

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The Rise of CNP Fraud. Consumer Protection.

Online 112

Online Payments Fraud Cards 112

PYMNTS

JULY 16, 2019

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

SEPTEMBER 11, 2018

Digital ID and authentication are always vital topics for payments and commerce — but now, given recent developments, including in social media, they have taken on new importance. Digital ID and authentication issues promise to gain even more currency as social media habits shift in the coming years.

social media 100

social media Fraud Security Online 100

PYMNTS

SEPTEMBER 16, 2019

At the Monday press conference, Arkansas Attorney General Leslie Rutledge said the AGs, across political parties and demographics, stand together to “protect the free market, protect competition and … the American consumer … against this online, search engine juggernaut.”. It is an investigation to determine the facts.

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social media Google Taxes Arkansas 122

PYMNTS

DECEMBER 20, 2018

From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. Some businesses are already feeling the effects of privacy regulations. Around The PSD2 World. Smart cities ” based outside the U.S.

San Francisco 187

San Francisco Regulation social media Data 187

Gonzobanker

JULY 13, 2023

Whether or not banks and credit unions know it, they are using unsupervised machine learning in many of their anti-money laundering and fraud software applications. There is even a tutorial online that shows how someone can use ChatGPT to create tailored LinkedIn messages and “coffee chat” questions.

Technology 78

Technology Software social media Fraud 78

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Keeping An Eye On Fraud. Department of Justice said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated for cryptocurrency trading.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

NOVEMBER 15, 2019

Founded in 2011 by Harald Seiz, the firm offered online purchases of “cryptonyzed gold” tokens, offering customers a commission to sign up other “affiliates.” But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license.

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DC social media Bitcoin cryptocurrency 100

PYMNTS

AUGUST 11, 2017

However, this case shows how they are now trying to exploit holes in the vast online financial world. A spokesman for eBay said the company “has zero tolerance for criminal activities taking place on our marketplace” and that they are working with law enforcement officials on the case.

US 106

US Maryland social media United States 106

Abrigo

OCTOBER 3, 2014

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer. Image source: Rubiks.com. Blog Accountant'

New Jersey 270

New Jersey social media Industry Regulation 270

PYMNTS

NOVEMBER 21, 2017

According to a news report in The Next Web , Confido, which said it was developing a trustless payment network for online shopping, has taken down its website and its value declined 90 percent after letting investors know that a legal issue will stop development of its project for good.

Bitcoin 118

Bitcoin social media cryptocurrency Security 118

PYMNTS

SEPTEMBER 13, 2017

As the government steps up against risky and illegal behaviors in the financial sector, it is handing down tough sentences and regulating industries. million for a bevy of crimes, including engaging in fraud fundraising, illegally possessing a gun and smuggling precious metals. The court also fined him $15.29

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social media Fraud Groups Lending 100

PYMNTS

APRIL 19, 2019

That’s because Strong Customer Authentication (SCA) is on the way in September, but as has been seen with other sweeping changes mandated by regulators and impacting the very way payments are made, lots of folks are not paying attention. That’s important in a world where commerce is increasingly moving online.

social media 125

social media Online Regulation Taxes 125

PYMNTS

NOVEMBER 22, 2019

People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them. Politicians, as well as privacy advocates, have asked regulators to block the deal. What we’ve seen is that fraud has gone mainstream,” Naumann said.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

AUGUST 7, 2019

The data leaks may have been happening since May of last year, which is also when the General Data Protection Regulation (GDPR) in Europe came into effect. Twitter said it fixed the issues on Aug. 5, although it didn’t say when it realized the breaches were happening.

Data 122

Data social media Mobile US 122

PYMNTS

OCTOBER 18, 2019

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Fraud 106

Fraud Security social media Tools 106

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

OCTOBER 2, 2018

What would one say about a computer geek who said he could protect their online identity , and while doing do would make a bold move against the likes of Facebook and Google ? Technology that enables consumers to control their data as they shop, pay and perform other tasks online. As consumers become more cautious — cynical?

Data 189

Data Online Google social media 189

PYMNTS

NOVEMBER 20, 2017

Peeling back the onion to sift through the layers of social media, watchdog websites and legal databases, the questionable actors who Hennessy said “may not be operating at the surface level” start to reveal themselves. Hennessy noted that regulators at both the federal and state levels are refocusing on consumer protection.

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social media Examples Regulation Management 124

PYMNTS

JANUARY 9, 2019

Facebook is facing accusations from Vietnam that the social media giant did not remove content that it said was “slanderous,” reported Financial Times. Citing a briefing in Hanoi, Vietnam on Tuesday (Jan.

social media 108

social media Taxes Compliance Google 108

PYMNTS

JANUARY 31, 2019

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. They’re on the hook with regulators should something go wrong, after all. Funding platforms seek to bridge the gap between these parties and make the processes as safe as possible.

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Tennessee social media Fraud Guidelines 108

PYMNTS

JANUARY 28, 2019

Once the account fills up with V-bucks, it is then sold through a legitimate vendor like eBay, or on the dark web, for lower rates than the $10 for 1,000 gamers will get in the game or through an authorized online store. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

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Video Data Google Cards 128

South State Correspondent

OCTOBER 20, 2022

We don’t care if it is an ATM, a new branch design, a fraud database, a deposit account opening product, or a core system, time matters. Call or go online to change your address at Fidelity Bank, and you will receive a prompt with information about how to order new checks and/or update your loan insurance forms.

Policies 195

Policies Training Customer Experience Examples 195

PYMNTS

JANUARY 31, 2020

Even customer behavioral analysis can fall short of sensing some thieves, according to Doug Clare, vice president of fraud product management at the consumer credit score, analytics software and fraud detection platform provider FICO. The social media platform released its fourth-quarter earnings and full-year 2019 financials on Jan.

Cards 131

Cards Technology social media Meeting 131

NCR

MAY 22, 2017

Fighting fraud. For the banking sector, one of the most appealing promises big data holds is its ability to transform their fraud detection and prevention activities. More accurate fraud detection is only the tip of the iceberg, however, when it comes to improving the banking customer experience.

Big Data 85

Big Data Data social media Fraud 85

Abrigo

SEPTEMBER 18, 2020

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Adjust your scenario thresholds and ensure your front line staff is aware of these fraud red flags to help detect and deter COVID-19-related fraud.

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Fraud Trends social media Regulation 195