Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. Here are several suggestions for tightening security.

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PYMNTS

OCTOBER 15, 2020

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. Social media saw a deluge of complaints about the attacks, Bloomberg reported. Some users reported not hearing back from the company for multiple days.

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PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

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PYMNTS

APRIL 18, 2018

Despite Facebook’s data scandal with Cambridge Analytica, the number of people that are using social media platforms increased by more than 100 million during the first quarter of 2018. billion people around the globe using social media. TheNextWeb reported Facebook has 3.2

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PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

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PYMNTS

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. At the same time, a new report shows that fraudsters will take more than $12 billion off the table. That doesn’t count alienated customers who are ready to pull the trigger on social media with a bad review.

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Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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PYMNTS

NOVEMBER 17, 2016

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.

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PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

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PYMNTS

JULY 30, 2018

India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.

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PYMNTS

AUGUST 19, 2019

As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. Corporate Wire Fraud.

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PYMNTS

DECEMBER 26, 2019

The world’s biggest social media platforms are cracking down like never before. Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. A leading index of digital theft found that loyalty fraud exploded by 89 percent over 2018, opening a vast new front in the battle.

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PYMNTS

NOVEMBER 7, 2016

Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to alert Tesco. Others reported losing funds and being on hold for hours. Tesco issued a statement on Sunday (Nov.

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PYMNTS

NOVEMBER 30, 2020

They use their mobile devices for everything from checking the weather to posting on social media to pulling up real-time maps and using them to navigate to new destinations. There are other benefits that the function could provide, however, including more robust fraud protection. The report surveyed 2,141 U.S.

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Jack Henry

OCTOBER 2, 2023

The Federal Trade Commission (FTC) received reports on over 5.2 million cases of fraud in 2022, with imposter scams accounting for 20% of the total losses incurred – a whopping $2.7 billion in losses reported for this scam alone.

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PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

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PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

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PYMNTS

JULY 10, 2020

Using mobile apps to order ahead and pickup in-store has become much more popular during the health crisis, but the jump in online orders has prompted a corresponding rise in online fraud. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud. Mobile Order-Ahead Developments Around The World.

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Bank Innovation

APRIL 17, 2017

Fraud campaigns targeting online financial services tend to be smaller, and subtler than fraud campaigns conducted for other online platforms.

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PYMNTS

JULY 16, 2019

users to report suspicious ads that they suspect of being scams. The feature can be accessed by clicking the three dots in the top right corner of the Facebook ad, selecting “Report ad,” choosing “Misleading or scam ad” and then “Send a detailed scam report,” Financial Times reports. Facebook has launched a tool for U.K.

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PYMNTS

SEPTEMBER 30, 2019

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. The average loss was $600. The gift cards are sold at a discount in exchange for cryptocurrency.

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PYMNTS

JULY 1, 2019

Overall digital fraud increased by 13 percent in the past year, with the food and beverage industry seeing an increase of 60 percent – nearly four times above average. Chipotle’s customers reported a similar string of attacks in April, with victims swindled out of up to $500 USD each.

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PYMNTS

SEPTEMBER 12, 2018

In the inaugural issue of the Omni Security And Authentication Report , PYMNTS explores how banks are using technologies like artificial intelligence (AI) and neural networks to identify and build customer profiles and safeguard themselves and their customers against the rising threat of fraud. About the Report.

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PYMNTS

JUNE 11, 2019

owning laptops and 91 percent owning mobile devices, there’s never been greater opportunity for digital fraud. Total losses due to fraud were a staggering $4.2 One of the most insidious forms of fraud is account takeovers (ATOs). Developments from around the Digital Fraud World. With 83 percent of consumers in the U.S.

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PYMNTS

SEPTEMBER 16, 2019

17) will discuss the fraud problem stemming from influencer marketing. The event strives to unite the worlds of communications and marketing to stimulate conversations about digital marketing and influencer campaigns, PR Daily reported on Monday (Sept. The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept.

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PYMNTS

NOVEMBER 19, 2018

Facebook, the leading social media company, is facing pressure after The New York Times issued a damaging report, with the stock falling close to 5 percent during intraday trading Monday (Nov. consulting firm, to create opposition research on critics of the company.

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PYMNTS

APRIL 21, 2020

The scams often impersonate legitimate companies and have fake social media accounts. Ripple has been walking the walk in terms of its complaints, hiring a team of experts in cybersecurity and digital threat intelligence to combat fraud and implementing a new submission form online for users to report instances of fraud they’ve seen.

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PYMNTS

JULY 14, 2019

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Internal Revenue Service (IRS) may think about subpoenaing large technology firms in search of the unreported digital currency holdings of taxpayers, CoinDesk reported.

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PYMNTS

OCTOBER 5, 2020

More scams are taking place in the pandemic era, and fraudsters are now using Cash App to swindle consumers, according to a report from WPRI 12 , which cited the Better Business Bureau (BBB). There are a few variations taking place through the popular payment tool, the report stated.

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PYMNTS

DECEMBER 12, 2019

11), as reported by Coindesk. Twitter and Square CEO Jack Dorsey announced plans to support an independent team “of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media,” according to Coindesk.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The FTC is seeking an injunction in federal court that, as reported, could require divestitures of assets, including Instagram and WhatsApp. In the nascent and burgeoning cryptocurrency space, the U.S.

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Abrigo

OCTOBER 19, 2023

According to a report by IBM Security , the average cost of a data breach in the financial sector was $5.85 The report also found that it took an average of 233 days for financial organizations to identify and contain a breach. They also face constant cyberattacks from hackers who seek to disrupt services or steal money or data.

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PYMNTS

OCTOBER 29, 2018

As a research report released on Monday (Oct. The latest generation of these implants comes with management software for both clinicians and patients, installed on commercial-grade tablets and smartphones,” the report said, adding that the “connection between them is based on the standard Bluetooth protocol.”. Security Vulnerabilities.

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PYMNTS

DECEMBER 8, 2020

and Canada are on-track to field 4,300 pet scam reports this year, totaling more than $3.1 That’s more than double the rate from a year ago, and marks a nearly fivefold increase in this type of fraud since 2017. Common types of fraud involve, unsurprisingly, demands for money from “breeders” before you’ve even seen the pet.

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St. Louis Fraud social media Video 275

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

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PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. Malware targeting computers running the Windows 7 operating system were especially hard-hit, rising 125 percent, according to the report.

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PYMNTS

MARCH 8, 2019

Twitter announced an update to its abuse reporting functions that will allow its users to specify personal information issues. “We We want to move faster in reviewing reported Tweets that share personal information. Twitter isn’t the only social media site looking to boost its privacy measures.

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