Remove Regulation Remove Security Remove social media
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HSBC To Staff: Stay Off Bank’s Social Media Accounts

PYMNTS

21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept.

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Fraud typologies all financial institutions should know

Abrigo

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details.

Fraud 221
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Will Our Love-Hate Relationship With Social Media Ever Break?

PYMNTS

consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. Yet those same people find it hard to quit the Facebook, Twitter and social media platforms.

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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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Crypto scams & crypto fraud detection for financial institutions

Abrigo

Loose government regulation : The lack of regulation in the crypto space can create opportunities for fraudulent schemes. Although the regulatory agencies have pushed for enhanced regulation , it is unlikely that the incoming administration will call for oversight anytime soon. Global targeting: The U.S.

Fraud 195
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Facebook Threatens EU Pullout As Data Sharing Comes Under Scrutiny

PYMNTS

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. government. That could prove to be “immensely complicated,” the Times reported, and likely highly expensive. “A

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US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

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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