PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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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 18, 2019

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. The government shutdown currently underway has meant that regulators have not as of yet responded to the Friday reports.

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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. A scam usually begins with online contact via social media or dating apps. Would you like other articles like this in your inbox?

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Abrigo

MARCH 8, 2024

They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Using victim artificial intelligence (AI), they gather personal information from platforms like Facebook and Instagram to customize their schemes. The best defense is a good offense.

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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.

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PYMNTS

JANUARY 13, 2020

In other examples, end users must be informed when prices are based on their internet browsing histories. Sites are also required to offer free services that inform users when data is being collected and how it may be used. In India, Too. As reported by Reuters, the IT ministry is examining a two-tiered system for the rules.

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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

FEBRUARY 28, 2019

The New York State Department of Financial Services has requested information from Facebook regarding apps that were sending sensitive personal data to the site, according to a report by The Wall Street Journal. The regulator is stepping up an investigation after the report showed the apps sent data like body weight and menstrual cycles.

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South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

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PYMNTS

OCTOBER 4, 2020

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. Facebook declined to discuss the information. The FTC didn’t immediately respond to a WSJ request for comment.

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PYMNTS

JANUARY 3, 2019

You can be sure that one area of regression involves social media. New research, in fact, supports that idea — specifically, the high value that consumers attach to Facebook , and the high cost it would take to make them leave the social media platform. But that doesn’t mean consumers plan to leave Facebook anytime soon.

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PYMNTS

DECEMBER 16, 2020

Social media fraud has been on the rise during the past year. Such schemes entail fraudsters falsely advertising offers from restaurants on social media, then duping victims into paying for them and absconding with the funds. Deep Dive: How The Trends Of 2020 Can Inform The Coming Decade’s Fraud-Fighting Goals.

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PYMNTS

APRIL 12, 2018

Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined. It would also give enforcement authority to the Federal Trade Commission (FTC). It would also give enforcement authority to the Federal Trade Commission (FTC).

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PYMNTS

OCTOBER 1, 2020

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Merchants, their payment providers and their regulators must keep up,” per the new Guide.

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PYMNTS

JUNE 2, 2019

According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout. There was a file attached to the email claiming to include more information, but would instead run malicious code when opened.

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Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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PYMNTS

SEPTEMBER 30, 2018

Ireland’s Data Protection Commission, which is Facebook’s lead privacy regulator in Europe, has requested more information from the company about the breach, including which EU residents might be affected. billion if regulators find the company violated the bloc’s strict new data privacy law.

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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.

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Perficient

SEPTEMBER 29, 2020

They’re highly regulated. She’s informed, but she isn’t barraged with pushy notifications. Health systems that succeed in building “stickiness” do things like use gamification and social media tools. It’s the social media or TurboTax experience. It’s information on the go! And so much more.

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PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 31, stood at 2.5

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PYMNTS

APRIL 9, 2019

The social media giant also is taking responsibility for data’s misuse by third parties, reports Reuters — and where, according to a statement from the Commission, the company “has not acted with due professional diligence.”. The changes come in the wake of several high-profile security breaches and lapses.

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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. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), Department of Justice (DOJ) and Federal Trade Commission (FTC).

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PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World.

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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.

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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

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

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PYMNTS

DECEMBER 4, 2018

The massive data breach revealed by Marriott last week might hurt its customers beyond the personal information that was stolen. Marriott has estimated that around 327 million of those affected had information compromised that included names, passport numbers, email addresses and Starwood account information.

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PYMNTS

FEBRUARY 25, 2020

The rub here is that personalization depends on consumers giving personal information. That transaction has spawned major regulations in the European Union (GDPR) and California (CCPA). Thirty-three percent of consumers report that lack of security features have stopped them from using voice commerce.

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PYMNTS

MAY 25, 2020

The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. Phishing attacks are some of the most common scams. Secret Service. Several banks in the U.K.

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PYMNTS

DECEMBER 6, 2019

Blackburn told Zhu in a letter in November that she worries the social media app “is paving the way for the Chinese government to gain unfettered and unsupervised access to our children’s lives.” (The CFIUS) has formally rolled out a national security review formally into the company’s acquisition of TikTok precursor Musical.ly.

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PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Time on Tuesday (Sept. 22) at the earliest.

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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. So much of digital identity relates to the question of security. So, what does the future hold, given the current reality of individual digital ID?

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PYMNTS

APRIL 10, 2019

A study by Symantec, a cybersecurity company, showed that two out of every three hotel sites have leaked personal data, which could include credit card and passport information, according to a report by Reuters. Candid Wueest, the primary researcher on the Symantec study, said it’s fairly easy for criminals to get the information.

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PYMNTS

APRIL 5, 2018

Reeling from its latest data scandal , social media giant Facebook is taking steps to spell out in plain English how it gathers and uses the data of its users. According to a report in Bloomberg , the social media giant is spelling out how it collects and uses data in its Terms of Service and Data Use Policy.

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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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Independent Banker

OCTOBER 14, 2014

A status update on banks and social media. According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. .* 140-word summary of the social media guidance.

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