Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

APRIL 21, 2020

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. The scams often impersonate legitimate companies and have fake social media accounts.

social media 240

social media Fraud cryptocurrency blockchain 240

Abrigo

SEPTEMBER 18, 2020

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Adjust your scenario thresholds and ensure your front line staff is aware of these fraud red flags to help detect and deter COVID-19-related fraud.

Fraud 195

Fraud Trends social media Regulation 195

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.

social media 195

social media Fraud cryptocurrency Trends 195

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.

Fraud 150

Fraud How To social media Security 150

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

Fraud Resources Software Training 335

Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Report any scam or attempted fraud to the FBI and your financial institution. According to the FBI , victims of this type of investment fraud reported losses of $3.3 with reported losses of a staggering $1.3 billion in 2021.

Fraud 221

Fraud social media Training Trends 221

PYMNTS

APRIL 5, 2019

The majority of these groups use fairly obvious group names, including ‘Spam Professional,’ ‘Spammer & Hacker Professional,’ ‘Buy Cvv On THIS SHOP PAYMENT BY BTC , and ‘Facebook hack (Phishing),’” Talos wrote in a blog post. “These groups violated our policies against spam and financial fraud and we removed them.

Groups 190

Groups social media Fraud cryptocurrency 190

Abrigo

OCTOBER 3, 2014

In the wake of several widely publicized fraud scandals over the last dozen or more years, such as Enron and Lehman Brothers, regulation of the accounting industry has come to the forefront of the public’s attention. Blog Accountant' Image source: Rubiks.com.

New Jersey 270

New Jersey social media Industry Regulation 270

PYMNTS

DECEMBER 18, 2018

According to a report in Reuters , citing a blog post by Twitter , the social media company said it discovered the traffic to a customer support forum while looking into a security hole that makes user data, such as phone country codes, accessible to hackers. Twitter said it fixed that security vulnerability on Nov.

social media 148

social media cryptocurrency Security Bitcoin 148

PYMNTS

MARCH 8, 2019

Twitter isn’t the only social media site looking to boost its privacy measures. The social media giant has been under fire since it was revealed that the site was used to gather details on as many as 87 million users, and the data was then shared with Cambridge Analytica , a U.K. And while the stock has gained 4.8

social media 156

social media Tools Report Data 156

PYMNTS

SEPTEMBER 3, 2019

Banks may process $1 million worth of credit card fraud requests in a day, but ad fraud detectors can face up to 20,000 requests every second. Ad fraud is growing even worse due to the rise of real-time bidding (RTB), an advertising model in which advertisers automatically bid on ad placements as web pages are loaded.

Fraud 123

Fraud San Francisco social media Tools 123

Accenture: Banking

OCTOBER 3, 2017

Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. Trust in online platforms and social-media companies as providers of payments services is low. So why not?

social media 156

social media Millennials Online Fraud 156

PYMNTS

SEPTEMBER 6, 2016

The rise in social media fraud was noted in new research from cybersecurity firm Proofpoint. In the report, a new form of social media-based phishing attack, referred to as “angler phishing,” is discussed, and recent example of attempts from two fraudulent PayPal Twitter accounts are shown.

social media 100

social media Fraud Branding Examples 100

PYMNTS

FEBRUARY 16, 2020

Blockchain-based social media platform Steemit has partnered with the Tron foundation to bring users to Tron. Google’s role on the governing council will involve running a node and making an analysis available alongside their other public DLT datasets, according to Google Cloud developer advocate Allen Day in a blog post.

Bitcoin 168

Bitcoin Colorado Google Denver 168

Perficient

OCTOBER 15, 2020

OCI Streaming Service and Kafka Connect – excellent Oracle blog on use cases, set up and benefits of OCI Streaming Service and Kafka Connect. The OCI Streaming Service is fully managed so companies don’t have to worry about the complexity and operational burden of running all their data streams.

Analytics 332

Analytics Data Video Big Data 332

Abrigo

OCTOBER 19, 2023

Here are some ideas: Use social media platforms such as Twitter, Facebook, or LinkedIn to share cybersecurity tips, stories, or resources using the hashtag #BeCyberSmart or #SecureOurWorld.

Online 221

Online Security Resources Training 221

PYMNTS

APRIL 27, 2016

Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? Suppose you could build a model that would help financial institutions of any kind fill in those gaps with online and social data that could make thin files thick without increasing their risk?

Online 100

Online Data social media Fraud 100

Accenture: Banking

OCTOBER 9, 2017

In part one of my blog on atomizing payments, I explained how payments volumes are likely to expand 25 times or more in the future, resulting in trillions of new payments. Nowadays, communication is dominated by e-mail, texts and social media posts in volumes that dwarf those of the past using paper. Precedent and Implications.

Payments 159

Payments social media Industry Cards 159

PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. In a blog post, the company said that on July 4 it experienced a network intrusion that led to a breach of some of its customers’ data.

social media 100

social media Data Security Company 100

FICO

NOVEMBER 22, 2021

Not to mention, the window for fraud has grown because retail events kicked off in October to counter concerns about supply chains and logistics. Growth in e-Commerce has Seen Fraud Surge. The fraud problem has gone viral. France and Germany have seen fraud increase during the pandemic. In the U.S. In the U.S.

Fraud 98

Fraud Cards Retail Online 98

Accenture: Banking

APRIL 17, 2017

The survey showed that most are confident about their ability to protect their assets and their customers from fraud, malware, and a host of other security breaches. The post Ch-ch-changes—It’s time to address cybersecurity threats in banking appeared first on Accenture Banking Blog.

social media 174

social media Survey Security Report 174

PYMNTS

SEPTEMBER 11, 2019

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. Tom Grundy, founder of crowdfuded media outlet Hong Kong Free Press (HKFP), complained on social media Wednesday (Sept. 11) that BitPay had suddenly stopped passing on funds from donors.

blockchain 119

blockchain Company Bitcoin social media 119

South State Correspondent

JULY 18, 2024

According to a 2022 Association for Financial Professionals report, 66% of organizations experience check fraud. In our last deep dive into the cost of checks for banks ( HERE ), we estimate that checks will end up costing banks about $12 per check (below) in 2024 when you add up branch costs, operational processing, and fraud.

Fraud 195

Fraud Payments Operations social media 195

PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints.

Bitcoin 135

Bitcoin ATM blockchain social media 135

FICO

DECEMBER 17, 2020

That said, my 2021 fraud predictions have nothing to do with witchcraft – although 2020 has certainly conjured unprecedented challenges – and everything to do with the metaphorical crucible, “a place or situation in which concentrated forces interact to cause or influence change or development.” What exactly was “the crucible?”

Fraud 59

Fraud social media Mobile Data 59

PYMNTS

SEPTEMBER 9, 2016

According to Sophos’ Naked Security blog, media outlets have accused Russia of trying to tamper with political computer systems in order to breed public distrust and spread false information. Many experts are looking directly at Russia for these attempts and breaches.

social media 100

social media Security Mobile Examples 100

PYMNTS

MAY 28, 2018

On a Twitter post, the company said: “There is absolutely NO TRUTH in the sensational headlines of a video doing rounds on social media. ” Meanwhile, a Paytm spokeswoman pointed BuzzFeed to a company blog in which it again denied the contents of the video and stated that it never received requests from law enforcement. “To

Data 108

Data Video social media Meeting 108

PYMNTS

MARCH 29, 2018

In a blog post , Graham Mudd, product marketing director at Facebook, disclosed the new move, saying the social media giant will shut down Partner Categories. This product enables third-party data providers to offer their targeting directly on Facebook.

Data 109

Data social media Marketing Security 109

PYMNTS

SEPTEMBER 4, 2017

Instagram, the photo sharing social media network owned by Facebook, said late last week that a cyberattack impacted more people than it previously thought. The breach comes even after Instagram has beefed up its security by initiating two-factor authentication measures in March.

social media 111

social media Exercises Security Software 111

Insights on Business

FEBRUARY 13, 2019

Cyber fraud – including executive digital impersonation. –> Browse more Think 2019 financial services blogs. Also follow the social media platforms to stay informed with the latest updates : . IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

Cyber Security 137

Cyber Security Security Exercises social media 137

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.

Fraud 52

Fraud social media Cards Security 52

FICO

FEBRUARY 27, 2023

Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! You can read more about our judges in this blog post. See all Posts chevron_left Blog Home expand_less Back To Top Related posts Meet The 2022 FICO Decisions Awards Winners!

Meeting 98

Meeting social media Management Analytics 98

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

Fraud 52

Fraud Groups Analytics Compliance 52

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

FICO

APRIL 28, 2021

Early on in the pandemic, FICO detected a 3x surge in medical equipment fraud. Three men were charged with conspiracy to commit wire fraud in a criminal complaint filed Feb. A Comprehensive Fraud Checklist. government agencies have published alerts about COVID vaccine fraud. 9 in federal court in Baltimore. Numerous U.S.

Fraud 52

Fraud social media Baltimore Security 52

PYMNTS

JUNE 21, 2016

Unfortunately, the GoToMyPC service has been targeted by a very sophisticated password attack,” the company’s blog post read. “To To protect you, the security team recommended that we reset all customer passwords immediately. Effective immediately, you will be required to reset your GoToMyPC password before you can login again.

social media 100

social media Software Tools Security 100