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Regulators Eyeing Social Media In Europe

PYMNTS

Against the backdrop of social media controversy — remember Facebook , of course, and 87 million users’ data exposed to Cambridge Analytica — oversight is tightening in Europe. We do not accept that the internet is some sort of ‘Wild West’ where no moral values can apply.”. Also, in the U.K.,

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Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

A scam usually begins with online contact via social media or dating apps. Conduct regular employee training : Financial institutions should educate their employees about the risks associated with pig butchering scams and other fraud schemes. Navigate your BSA exam with tips from this on-demand webinar.

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Closing the Social Media Gap

William Mills

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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Top 10 Crypto scams to look for in 2023

Abrigo

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Social media scams: The FTC reports that half of those who have reported crypto losses since 2021 said the scam began with an ad, post, or message on social media. Stay in the know.

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How FIs Can Train Human And AI Employees To Work Together

PYMNTS

Along the way, training employees to work with new systems is not always easy — especially if they have to learn multiple new systems in a short span of time as their employer overhauls the organization’s functions and roles. Training People and AI to Work Together. Second, although similar — the new workforce is a whole new beast.

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

Abrigo

They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Reports from variou s government and news sources i ndicate the existence of organized groups, often in other countries, exploiting individuals, including victims of human trafficking, to defraud U.S.

Fraud 195
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AI fraud challenges: How to guard against losses

Abrigo

Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online. Ensure all personnel in contact with clients are trained to ask the right questions, not just the easy ones. Staying current with AI fraud will help safeguard your organization and clientele.

Fraud 150