Bank Innovation

APRIL 17, 2017

Fraud campaigns targeting online financial services tend to be smaller, and subtler than fraud campaigns conducted for other online platforms.

social media 191

social media Big Data Fraud Analytics 191

PYMNTS

DECEMBER 18, 2020

Eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud.

Fraud 229

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Perficient

FEBRUARY 11, 2021

Is there potential for this sign-up to commit fraud or abuse? What kind of online presence does this email have? EmailRep is a system of crawlers, scanners, and enrichment services that collects data on email addresses, domains, and internet personas. Is this a throwaway account? Is this a trustworthy sender?

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social media Tools Data Fraud 493

Abrigo

DECEMBER 2, 2024

Education, collaboration, and advanced fraud detection software can help prevent it. Education, collaboration, and advanced fraud detection software can help prevent it. The AML/CFT Officer or fraud officer plays a crucial role in any financial institution efforts to fight check fraud. They’ve evolved.

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Fraud Virginia Software Report 195

PYMNTS

JUNE 8, 2018

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. s TSB , for example, the bank saw attempted fraud rise up to 70 times, Reuters reported.

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social media Cyber Security Fraud System 101

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. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022. billion in 2021.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". The seeming intent across the pond to reign in Big Tech’s scope also is echoed in the U.K.

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Regulation social media Course Apple 352

PYMNTS

SEPTEMBER 30, 2019

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. The average loss was $600. The gift cards are sold at a discount in exchange for cryptocurrency.

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PYMNTS

APRIL 21, 2020

Ripple said it wants to protect its customers from disingenuous online giveaways and impersonations pretending to be from the company. The giveaways, Ripple explained, constitute fraudulent online contests where people are told if they send money, they could get more in return, usually through airdrop.

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social media Fraud cryptocurrency blockchain 240

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. One of the most important links in the chain of e-commerce fraud is the “mule”. Fraud Prevention. Fraud Trends. Fraud Prevention.

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Abrigo

OCTOBER 19, 2023

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. You might also like this whitepaper: "Protecting banking customers starts with you." But how did Cybersecurity Awareness Month start?

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PYMNTS

DECEMBER 8, 2020

The holidays aren't always so cheery as the risk of fraud plagues consumers and retailers alike. With the pandemic accelerating a surge in eCommerce volumes, online fraud threats are at their peak, and everything from chargeback fraud to online product scams are dampening the holiday spirit. Corporate-Facing Fraud.

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Fraud Survey Philadelphia Online 178

PYMNTS

DECEMBER 17, 2020

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences. Before, they were limited to one or two areas. Today, they’re pretty much everywhere.”.

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PYMNTS

AUGUST 19, 2019

Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We We are seeing gangs involved in drug trafficking and firearms offenses turning to fraud, targeting victims across the U.K. Fraud that was in turn prevented by the unit amounted to as much as $8.2

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PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

Millennials 149

Millennials Fraud Report social media 149

Abrigo

DECEMBER 10, 2024

Education, collaboration, and advanced fraud detection software can help prevent it. The increasing threat of elder fraud On December 4, 2024, FinCEN, along with the supervisory agencies, issued a s tatement on e lder f inancial e xploitatio n, or elder fraud. Get details What is elder financial exploitation?

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Abrigo

NOVEMBER 17, 2023

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.

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Fraud Training Trends Compliance 195

PYMNTS

NOVEMBER 17, 2016

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.

social media 100

social media Security Company Survey 100

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding. At The Consumer Level.

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Fraud Strategy social media United States 295

Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Takeaway 3 Romance scams can happen to anyone, but staying informed and following these precautions can create a safer online dating experience. Report any scam or attempted fraud to the FBI and your financial institution.

Fraud 221

Fraud social media Training Trends 221

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

Bank Innovation

APRIL 20, 2016

Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. A common attack against a Read More.

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PYMNTS

DECEMBER 18, 2020

INTERPOL states on its website : "(W)e are seeing an increase in counterfeit medical products, fraud and cybercrime.". The paper also stated that pharmaceutical companies and shippers are on the lookout for thieves seeking to intercept doses.

Report 274

Report United States social media Guidelines 274

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.

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Fraud Trends social media Regulation 195

TheGuardian

NOVEMBER 22, 2023

Women describe being groomed, abused and scammed online, in evidence to home affairs select committee Police, banks and social media platforms are failing to tackle the growing crime of romance fraud, leaving victims without justice and “banging their heads against a wall”, MPs have been told. Continue reading.

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social media Fraud Online 70

PYMNTS

NOVEMBER 17, 2020

That sets the stage for fraudsters to follow the money as consumers transact online — and steal a large chunk of that money. Panelists included Schalk Nolte , CEO of Entersekt ; Jen Martin , head of Fraud Operations at KeyBank ; and Karen Boyer, Fraud Intelligence Director, Financial Crimes at People’s United Bank.

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Fraud Mobile social media Security 195

TheGuardian

MAY 10, 2023

Boss of industry body UK Finance accuses tech companies of ‘profiting’ from scams on their platforms The boss of the banking industry body UK Finance has called on social media companies to reimburse victims of online fraud, accusing them of “profiting” from scams taking place on their platforms. Continue reading.

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social media Fraud Online Industry 59

PYMNTS

OCTOBER 30, 2020

Those efforts have reduced the threat of fraud at physical payment terminals, but many consumers are now shifting to shopping digitally. Fraudsters often plant advertisements on social media platforms that link to fake retail sites, enabling them to prey on distracted consumers or those whose vigilance slips.

Cards 192

Cards Online Fraud social media 192

PYMNTS

NOVEMBER 30, 2020

They use their mobile devices for everything from checking the weather to posting on social media to pulling up real-time maps and using them to navigate to new destinations. There are other benefits that the function could provide, however, including more robust fraud protection. The report surveyed 2,141 U.S.

Fraud 171

Fraud Data social media Millennials 171

PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

Industry 225

Industry Fraud social media Security 225

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

PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

Fraud 177

Fraud Mobile social media Customer Experience 177

PYMNTS

OCTOBER 14, 2016

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? And even if you do confirm their identity, how do you know that person can be trusted?

Fraud 100

Fraud Online social media Risk Management 100

PYMNTS

JUNE 11, 2019

Phone numbers, email addresses, usernames and other online signifiers have become vital to digital identity verification, as the world becomes increasingly connected. Online universities have become increasingly popular among nontraditional students who need convenient and flexible class schedules.

Online 145

Online blockchain social media Security 145

TheGuardian

MAY 28, 2023

Firms ‘should contribute to refunds’ as two-thirds of online scams now originate in Facebook and Instagram More than two-thirds of all online shopping scams affecting UK consumers start on Facebook and Instagram, with social media now a “wild west” for fraud, according to one of Britain’s biggest banks.

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PYMNTS

JUNE 11, 2019

owning laptops and 91 percent owning mobile devices, there’s never been greater opportunity for digital fraud. Total losses due to fraud were a staggering $4.2 One of the most insidious forms of fraud is account takeovers (ATOs). Developments from around the Digital Fraud World. With 83 percent of consumers in the U.S.

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social media Fraud Analytics Study 151