Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Phishing scams: Phishing scams use emails with malicious links to gather personal details, such as users’ crypto wallet key information. The invested crypto goes straight into the scammer's wallet.

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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.

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PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By By teaming up, states can share the resources and information.

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PYMNTS

MARCH 20, 2020

India is making a move to tighten controls on big tech companies like Amazon and require them to turn over data and other requested information in a timely manner, Reuters reported on Friday (March 20), citing sources. It also coincides with increased eCommerce and other online traffic due to the coronavirus.

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Abrigo

JULY 10, 2023

Takeaway 3 Inform your customers of the latest AI fraud trends and give them best practices to avoid it. Perpetrators who access the victim's online banking profile can alter crucial details such as their address and phone number and take over the victim’s account, obtaining complete control. Don’t rely solely on this response.

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Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

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William Mills

FEBRUARY 25, 2016

Social media is no longer the shiny new toy in the PR and marketing toy box. Today, financial providers and FinTech firms alike know they must integrate social media into their communications strategies. For many FinTech companies, social media serves primarily as a source for leads.

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PYMNTS

AUGUST 20, 2019

European Union antitrust regulators announced that they are “currently investigating potential anti-competitive behavior” related to Facebook ’s Libra. Maxine Waters, will hold a meeting with Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger. Facebook has said it will release Libra sometime in 2020.

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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. It would then use the information to recommend products. 11), as reported by Coindesk.

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PYMNTS

APRIL 12, 2018

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. introduced The Customer Online Notification for Stopping Edge-provider Network Transgressions (CONSENT) Act. Simpson, Consumer Watchdog’s privacy and technology project director.

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PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Many members first engage with their CU through its website or other online portal.

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PYMNTS

OCTOBER 16, 2019

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

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PYMNTS

DECEMBER 19, 2019

A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. The tech companies cited included social media giant Tencent , Sina Corp., Sohu.com Ltd. and Xiaomi Corp. The apps must comply by Dec.

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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.

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PYMNTS

MARCH 26, 2020

Who you were before the crisis should inform who you are during the crisis. If a retailer finds itself in a place of delivering crisis-specific information, as CVS and its competitors are, that should come from a brand stance that emphasizes reliability and trust. Even highly-regulated industries are catching on to this.

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Perficient

SEPTEMBER 29, 2020

They’re highly regulated. On the website, Gina finds a Health Bot that advises she try Urgent Care and shares the nearest location and online scheduling. She ignores the first one, but responds to later emails and schedules online. She books an appointment online. It’s the social media or TurboTax experience.

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PYMNTS

JANUARY 29, 2021

Legislators in the European Union have informed Alphabet , Facebook , Apple and Amazon that they are open to delaying a potential hearing beyond Feb. The European Parliament had invited the leaders of the firms to a hearing in Europe to aid them in forming an opinion on stringent new regulations that the European Commission had put forward.

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social media Apple Online Regulation 148

PYMNTS

AUGUST 23, 2018

Sure, the social media platform said it lost one million active users from Europe after the General Data Protection Regulation (GDPR) took effect on May 25, tightening privacy regulations and making it more difficult for online advertisers to target consumers. Don’t cry for Facebook. Too Much Uncertainty.

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PYMNTS

AUGUST 10, 2018

At first glance, 2018 is shaping up to be a year that has brought meaningful consumer, regulatory and legislative backlash against lax online privacy. Overall, 69 percent of consumers favor GDPR-like regulations in the United States. Except, maybe not. Privacy Changes. One recent survey found that 78 percent of U.S. Privacy Punishment.

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PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

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CB Insights

JULY 31, 2018

The tech giant’s latest facial recognition patent highlights an image search system that incorporates information from social networks — potentially including Facebook, Twitter, Gmail, online blogs, and more. A handful of states have enacted laws regulating the collection and use of facial recognition data.

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PYMNTS

NOVEMBER 22, 2018

s data watchdog in response to the social media site’s Cambridge Analytica scandal. after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”. Facebook plans to appeal a fine issued by the U.K. ’s An estimated 1 million U.K.

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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.

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PYMNTS

NOVEMBER 27, 2018

“Dominant online platforms have more power to shape public opinion than newspapers or the television ever had, yet they face very little regulation or liability,” Rometty said. after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

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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.

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PYMNTS

AUGUST 18, 2019

Maxine Waters, will hold a meeting with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, according to Bloomberg. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. He said Libra’s associated Calibra wallet plans will be regulated by the U.S. “The

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PYMNTS

FEBRUARY 12, 2019

The group is asking a parliamentary panel on information technology to investigate the tech giants. The panel recently summoned Jack Dorsey , CEO of Twitter, to come and talk about how to protect citizens’ rights on social media and other online platforms. We’re calling everyone.

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PYMNTS

JULY 29, 2019

Companies that embed the button on their websites can be held liable for collecting users’ personal data because they are allowing the information to be transferred to Facebook, Reuters reported. A consumer association in Germany said the plugin allowed the social media company to collect data on the site’s users, the news outlet said. “We

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PYMNTS

JANUARY 9, 2019

Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies. Financial Times highlighted a 2016 blog post in which Parakilas warned about the impact of social media. “We Parakilas felt his concerns weren’t taken seriously at the time.

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Apple social media Google Policies 122

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.

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social media Fraud Security Online 100

Abrigo

NOVEMBER 17, 2023

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. The FTC further addresses the highest losses by type of fraud scheme.

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PYMNTS

JULY 9, 2019

The subcommittee revealed that it would “examine the impact of market power of online platforms on innovation and entrepreneurship.”. It’s “the combination of information control and market power that should worry antitrust regulators the most,” the letter said. We are here to help.”.

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social media Apple Policies Innovation 109

NCR

NOVEMBER 29, 2016

The impact of online reviews is growing, according to ReviewTrackers research. More than 1 in 3 people won’t eat at a restaurant with 3-stars on online review websites like Yelp, Facebook and Google. The online review space has entered the social media era, and banks are struggling to catch up.

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PYMNTS

OCTOBER 31, 2019

EU antitrust regulators are now investigating whether Facebook’s Marketplace is unfair regarding online classified ads, according to a report by Reuters. Regulators are also looking into the marketplace’s growth, and into Facebook’s commercial ties with its rivals. . The platform exists so people can buy, sell and trade items.

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PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). European Tone.

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PYMNTS

SEPTEMBER 13, 2019

Congressman Jerrold Nadler, House Judiciary Committee chairman, said the requests will help with an ongoing investigation, noting “growing evidence that a handful of corporations have come to capture an outsized share of online commerce and communications.”. antitrust laws apply to big tech so it can better police anti-competitive behavior.

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social media Apple Policies Regulation 122

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Informally Talk to Your Customer. Capture this information and have employees report on it. Customer reviews on Yelp/Google, survey results, chat transcripts, and social media comments. Review Qualitative Data.

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