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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PYMNTS

SEPTEMBER 21, 2020

In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. according to Metro. according to Metro. That could prove to be “immensely complicated,” the Times reported, and likely highly expensive.

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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. Developments From The Mobile Order-Ahead World.

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PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

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PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. The days of stopping by brick-and-mortar establishments to check out menus and sample food are long gone, replaced by scanning social media accounts, hashtags, user reviews and digital images before selecting where to spend hard-earned money.

Operations 156

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PYMNTS

JUNE 14, 2019

And the idea is to take advantage of the ongoing rise of mobile commerce and social media to create, in essence, digital communities centered around pets — and not just ones that spark to life when little Fido goes missing, or plots an escape from a dog park or a particular section of the beach in the summer. Social Media Aspect.

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PYMNTS

FEBRUARY 13, 2020

Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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Bank Innovation

JUNE 12, 2018

That according to new documents released yesterday by Congress that contain written responses from the social media company on its data and privacy […].

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PYMNTS

DECEMBER 18, 2018

Twitter, the microblogging website operator, saw its stock tank in trading on Tuesday (Dec. Twitter said it fixed that security vulnerability on Nov. While we cannot confirm intent or attribution for certain, it is possible that some of these IP addresses may have ties to state-sponsored actors,” the social media company said.

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PYMNTS

DECEMBER 5, 2018

That’s what led him to Goodworld, an online platform that removes the friction from digital donations, making them possible (and secure) by using hashtags. Think about it: A person who makes a donation in the public sphere of social media might encourage others to do the same. Portable Hashtag. percent, plus $.30

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PYMNTS

JANUARY 21, 2019

During its investigation, Sixgill discovered that $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

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PYMNTS

DECEMBER 18, 2020

Social distancing guidelines, stay-at-home orders and mandated dining room closures around the U.S. This revenue free fall could result in 100,000 restaurants nationwide closing either temporarily or permanently, with 40 percent of all restaurant operators unsure whether they can survive six months into the future.

Fraud 229

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Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. ” Brian Bell, Perficient’s Insurance Principal, who was also quoted in the report, highlights the significance of another emerging technology: critical event intelligence.

Technology 221

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PYMNTS

JULY 2, 2020

WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters. and other countries.

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PYMNTS

JANUARY 27, 2021

The social media company reported $27.19 Facebook Chief Operating Officer Sheryl Sandberg noted on the call with analysts that Facebook rolled out a new shop tab on Instagram in Q4. billion in cash and cash equivalents and marketable securities as of Dec. Facebook, Inc. reported on Wednesday (Jan. billion as of Dec.

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PYMNTS

NOVEMBER 19, 2020

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I In other news, the U.S.

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PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” Information Commissioner Elizabeth Denham confirmed the action with CNBC, saying that Facebook failed to keep the personal information of its users secure.

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social media Data Security Report 134

PYMNTS

MARCH 20, 2020

Malware targeting computers running the Windows 7 operating system were especially hard-hit, rising 125 percent, according to the report. Lax security steps that are frictionless for consumers may let bad actors in, for example, but those that require too much work from customers can result in lost sales. About The Playbook.

Industry 225

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Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Security is a big theme at IBM Think this year. Feeling safe.

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PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. Suppliers often feel that such transactions are secure and enable them to avoid the processing fees involved in accepting credit cards. Savoring Safety.

Security 150

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PYMNTS

JANUARY 28, 2021

Generating the funds to pay for their operations often requires novel strategies, however, as most of these organizations can no longer hold in-person galas and other fundraising events. Social media-based campaigns are also proving to be especially useful during the health crisis.

social media 199

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PYMNTS

AUGUST 6, 2020

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data. 4) for $24 each.

Software 194

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PYMNTS

APRIL 27, 2020

Employing professionals to build out AI solutions, integrate automation into customer flows, and develop blockchain-based offerings is costly, and banks that lean on these tools to attract customers without implementing the appropriate security protocols could find themselves plagued by fraud or faced with compliance challenges.

Digital Banking 248

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PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. federal securities laws.

Operations 115

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PYMNTS

OCTOBER 6, 2018

Social media channels, particularly the photo-based Instagram, are excellent places for celebrities to connect with their fans — and show off their stuff. But the downside to social media is that it’s also an excellent information channel for the dishonest. The Instagram Problem.

Los Angeles 148

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BankInovation

AUGUST 13, 2024

In response to the outage, which the bank attributed to a “technical issue,” Monzo moved to its backup system to get operations back up and running, Monzo said on social media platform X today. British challenger bank Monzo reported an outage today that halted some card payments and outbound bank transfers.

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PYMNTS

NOVEMBER 17, 2020

Telecommunications companies face a number of challenges in their day-to-day operations, however. Bank accounts, credit cards, social media and more are linked to cellphone numbers, meaning cybercriminals can easily complete two-factor authentication (2FA) checks and seize control of victims’ funds and personal data.

Fraud 267

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PYMNTS

JULY 16, 2019

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. For other companies, GDPR is the main concern as they move to expand operations within Europe.

Strategy 188

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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. East Security believes a North Korean hacking group called Kim Soo-Ki is responsible for the email scam.

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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.

Fraud 150

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PYMNTS

APRIL 8, 2020

billion in cash, marketable securities, cash equivalents, no financial debt and $500 million in available credit. It was a very different world just a few months ago when the social media platform’s revenue surpassed the $1 billion threshold after a strong holiday season.

San Francisco 168

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PYMNTS

MARCH 27, 2020

District- and state-level limitations are hampering operations, Reuters reported, citing unnamed sources. It has been a challenge for some companies to secure curfew passes for their delivery staffers, for example. Many users in the country have asked Amazon for assistance on social media regarding the ordering of critical products.

social media 141

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PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S.

cryptocurrency 206

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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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PYMNTS

JANUARY 21, 2021

Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology. What’s more, businesses have also begun to experience whiplash for not prioritizing the security of their customers. That’s a recipe for negative reviews and frustrated feedback on social media.

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PYMNTS

SEPTEMBER 28, 2018

Want a nod to the power of a message – to the power of social media? The WhatsApp message, which had been attributed to Equirus Securities, was sent months ago and then surfaced again on the messaging platform on Thursday, according to unnamed sources. Bloomberg reported Friday (Sept.

social media 156

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PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

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