Abrigo

JANUARY 14, 2021

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Stopping PPP Fraud in New Round of Funding. PPP Fraud Spikes.

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Fraud Compliance Community Trends 195

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.

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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. In the United States, the FBI posted guidelines on its website for avoiding COVID-19 crime.

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Report United States social media Guidelines 274

PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

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PYMNTS

SEPTEMBER 8, 2019

TechCrunch reviewed many of the documents and reported that most of those impacted were located in the United States. Local data breach notification laws state that companies need to notify state attorneys general when large numbers of users are affected.

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Online United States Security Data 184

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S. In the report from the U.S.

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cryptocurrency United States social media Regulation 206

PYMNTS

SEPTEMBER 16, 2020

We may be wondering what’s on the other side of commerce, banking, and “normal” life after the pandemic — but rest assured it will be done (at a significant and accelerating pace) online. Online identity verification has many forms,” Laing told PYMNTS. A Pragmatic Approach.

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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.

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Fraud San Francisco social media Tools 123

PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. The company said its technology prevented one fraud attempt every 51 seconds during the month, totaling 22,000 thwarted attacks.

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Video Report Meeting United States 211

PYMNTS

SEPTEMBER 4, 2019

In online commerce, though, friction is part of the equation. Financial institutions, she said, had been focused on fighting fraud at the expense of ease of use. Fraud, however, has evolved, too. We’re obviously seeing a lot more fraud going to online and mobile channels. Healthy Friction, Evolving.

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Online Fraud Mobile Data 110

Abrigo

APRIL 6, 2022

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. On April 1, 2022, new computer-security incident notification requirements for banks and their service providers take effect in the United States.

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Security Regulation District of Columbia United States 195

PYMNTS

JANUARY 13, 2021

“The benefit of having a federally chartered bank is that it preempts all the state laws,” Anchorage President Diogo Mónica told CoinDesk. The clarity of being regulated by the oldest regulator for banks in the United States … sends a very clear message.”. In other news, the U.S.

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PYMNTS

DECEMBER 20, 2019

Apple, Facebook, Google and Amazon have all been in the cross-hairs of regulators around the globe, and several probes by the U.S. In September, the search giant was fined almost 1 million euros to authorities in the country to take care of a probe regarding fiscal fraud. government are happening as well.

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Google Comparison United States Regulation 131

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms. Synchrony Financial Upgrades Its AML Strategy As Fraud Grows.

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Fraud Digital Banking Strategy Security 126

Abrigo

JUNE 23, 2020

We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success. Over 2,000 financial institutions are hosted in the ADC, which is independently owned by Abrigo and housed in the United States. BSA Rules and Regulation. Fraud Prevention.

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Software Community Fraud Resources 195

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

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Regulation Regional Data United States 188

PYMNTS

JUNE 6, 2019

When new regulations take effect, especially sweeping ones that impact eCommerce, at least some firms take a “wait-and-see” approach. As McLain noted, when it comes to privacy and GDPR for merchants, “at the end of the day, it’s about allowing consumers to exercise their rights under that regulation.” Call it the chain of doubt.

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Fraud Exercises Regulation Study 180

PYMNTS

JULY 25, 2018

A recent decision by the Supreme Court of the United States ended a ban on legalized sports gambling, and has the potential to change how sports fans from coast to coast experience games. The court’s decision allows individual states to open online gambling to residents. It’s quite tricky in the U.S., com must clear.

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Online Regulation Fraud New Jersey 100

PYMNTS

SEPTEMBER 16, 2019

The requests come on top of a busy week in antitrust investigations where, as has been widely reported, a group of 50 attorneys general stood on steps of the United States Supreme Court on Monday and announced an investigation into Google’s advertising practices. The road may be long — and the probe itself will be sweeping.

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social media Google Taxes Arkansas 122

PYMNTS

JULY 25, 2018

billion online pyramid scheme that involved more than 220,000 investors. Earlier this year, a Chinese court sentenced two people to life in prison for fraud, with 19 others getting up to 12 years in prison for their part in a pyramid scheme. In addition, 19 others involved in the fraud were given sentences of up to 12 years.

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United States Fraud Regulation Report 100

PYMNTS

SEPTEMBER 4, 2018

Indeed, new payment regulations seem to be pushing payment cards toward the future. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. Meanwhile, Visa recently released data showing that counterfeit fraud ticked down at U.S.

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Cards Payments United States Maine 110

PYMNTS

AUGUST 22, 2018

Fortunately, security players are working to roll out solutions to help stem the tide of bad actors, both online and in the real world. Security threats aren’t just limited to online platforms. Bad actors aren’t just stealing sensitive information; they are hoping to wreak havoc on airport security in the U.S.

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Trends US Fraud Security 101

PYMNTS

AUGUST 11, 2017

He received a total of $8,700, which he used for a laptop, a mobile phone and a VPN communications network, all of which the FBI says he used to communicate with the Islamic State network. While he knew the money was meant to conduct a terrorist attack in the United States, Elshinawy told the FBI he never planned to carry it out.

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PYMNTS

JUNE 26, 2019

The SCA mandate could cost them more than $75 billion in sales, especially as fraud protection becomes more critical than ever and PSD2 creates more transparency in the banking world. SCA is intended to make online transactions safer for consumers. But some worry it could add friction and possibly result in fewer online sales.

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California Regulation Fintech Data 109

PYMNTS

AUGUST 1, 2018

MGM officials will also reportedly help the league detect fraud and game-fixing. Under this market access agreement, each company will have a path to expand [its] online and mobile gaming presence across 15 states.”. The new venture will have exclusive access to all U.S.

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe has announced that Stripe Terminal , a set of SDKs, APIs, and pre-certified card readers that lets users accept in-person payments, is now available all over the United States.

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San Francisco Fraud United States Google 100

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe has announced that Stripe Terminal , a set of SDKs, APIs, and pre-certified card readers that lets users accept in-person payments, is now available all over the United States.

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San Francisco Fraud United States Google 100

PYMNTS

OCTOBER 14, 2019

Cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. It’s not a fantasy, but a reality for a growing number of drivers in the United States.

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Training United States Innovation California 187

PYMNTS

OCTOBER 10, 2019

Take online security as another ongoing example. Indeed, cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. It’s not a fantasy, but a reality for a growing number of drivers in the United States.

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United States Retail Online Training 175

PYMNTS

MARCH 15, 2019

Connected commerce is among the hottest trends in retail, and not just for streaming or ridesharing or online gaming services, but for subscription purchases, too. In fact, according to new PYMNTS research, digital services are expanding in the United States and in markets around the world. Growth and Complexity.

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Retail Payments Cards United States 146

PYMNTS

JULY 20, 2017

Making purchases online has effectively taken a global economy and made it more localized due to the ability to click a few buttons and have practically anything delivered from anywhere in the world. It can be argued that one of the biggest threats to online transactions can be data breaches where money is either stolen or lost altogether.

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blockchain Bitcoin Delaware Illinois 105

PYMNTS

NOVEMBER 21, 2018

AI’s less sophisticated (but much more well-known) cousin machine learning needs supervision to learn, though the technology is certainly capable of high-level fraud prevention and business operational tasks — which is why financial institutions have adopted ML, as the report has shown. percent use it to fight internal fraud. “AI

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Data System Technology Fraud 192

PYMNTS

SEPTEMBER 6, 2019

It’s another thing to walk the walk, especially when it comes to giving sellers the chance to gain new revenue via online marketplaces and new markets. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. Regulators Taking Close Look At Payroll-Advance Apps. consumers are expected to be shopping online by 2021.

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Innovation Payments Apple United States 116

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. When we talk about fraud, whatever kind it is,” he told Webster, “we often talk about susceptibility.”

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Fraud Security social media Tools 106

PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. There’s an international component of gun trafficking that can be aided by illicit sales done online.

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Data United States Chicago Community 177

PYMNTS

SEPTEMBER 9, 2019

Hurricane Dorian may be officially over, but for those in the Southeastern United States and the Bahamas, the rebuild is just getting started. Checks also come with their own fraud and security problems, particularly in chaotic situations when it is easier than usual for the wrong person to intercept and misuse a payment.

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Payments Industry Cards United States 171

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Synthetic identity fraud – where identities are stitched together from disparate pieces of information, often from a mosaic of individuals – is a burgeoning field. Regulation as Saving Grace? Think again.

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Security Data Fraud Regulation 109