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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks.

Fraud 195
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MENA Region Holds Regulatory Clues For Merchants

PYMNTS

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.

Regional 130
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Big Tech Compliance Tracker: Apple To Pay $113M Over Alleged iPhone 'Throttling'; Officials: European Commission Needs To ‘Scale Up’ Regulation

PYMNTS

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. New Digital Regulations Could Let EU Ban Tech Firms. California will get $24.6

Apple 193
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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

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.

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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

PYMNTS

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
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Senate Antitrust Panel To Look At Big Tech Acquisitions, Competition

PYMNTS

Big technology companies have become some of the most powerful organizations in the world. Regulatory scrutiny of large technology companies has been increasing in recent months. The social media giant could be faced with billions of euros in fines as well as forced to alter some of its business operations.

Minnesota 181
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EU Shakes Up Digital Policy To Get Competitive In Tech

PYMNTS

The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. The proposals coincide with efforts by some EU countries to levy digital taxes on large American technology companies.

Policies 151