Abrigo

FEBRUARY 6, 2025

Often, those figures include the victims entire life savings and likely underrepresent the full impact, as many victims do not report incidents due to shame or embarrassment. Fraudsters create fake profiles on dating apps and social media platforms, using stolen images and fabricated stories to build relationships with their targets.

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Abrigo

JANUARY 31, 2025

The Federal Trade Commission (FTC) reports a staggering $10 billion in consumer losses to fraud in 2023, up from $3.5 These numbers are likely lower than the actual losses, as many victims choose not to report due to embarrassment that they were fooled, possibly by someone they trusted. billion in 2020. Never pay a fee to get a job.

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PYMNTS

FEBRUARY 10, 2020

In the February Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including digital driver’s license initiatives around the country, biometric solutions for credit cards and the growing danger of fake profiles on social media. Deep Dive: How Fake Profiles Endanger Social Media Networks.

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Perficient

JANUARY 28, 2021

As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

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Abrigo

DECEMBER 10, 2024

Unfortunately, family members are often the most common perpetrators of elder fraud, accounting for 62% of reported cases. The FBI's 2023 Internet Crime Complaint Center (IC3) report highlighted a staggering $3.4 Scammers initially build trust through online interactions, often via social media or dating platforms.

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Abrigo

MARCH 12, 2025

In the aftermath of the devastating wildfires in California, scam artists exploited the situation by posing as legitimate charities soliciting relief donations through social media, emails, and phone calls. Reminding them to research a charitys annual reports, tax forms, and audits or speak with a representative before donating.

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Perficient

APRIL 3, 2024

Perficient insurance experts were interviewed for Forrester’s report, “ The Top Emerging Technologies In Insurance, 2024 ,” and discussed technologies expected to emerge in the insurance industry over the next five years, considering them now, and in the short-term, medium-term, and long-term future.

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Technology Report social media Industry 221

PYMNTS

DECEMBER 22, 2020

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS.

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PYMNTS

AUGUST 20, 2020

A database of nearly a quarter-million YouTube, Instagram and TikTok public profiles that was held by a now-shuttered company called Deep Social has made its way onto the Dark Web, The Next Web reported on Thursday (Aug. ” Deep Social provided, among other things, social media data. A Wednesday (Aug.

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social media Data Security Operations 285

PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The FTC is seeking an injunction in federal court that, as reported, could require divestitures of assets, including Instagram and WhatsApp.

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PYMNTS

DECEMBER 16, 2020

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. 15) rolled out a proposal for tough new regulations for digital services that cover online marketplaces, social media and other platforms.

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Bank Innovation

APRIL 17, 2017

According to a report by DataVisor– a big data security analytics provider– fraudsters are most active on social media platforms (no surprise there), and have to launch thousands of attacks on the platform in order to make a […].

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social media Big Data Fraud Analytics 191

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. Positives (Or Less Negative Than Before) Unrealized losses on held-to-maturity securities totaled $284.0

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social media FDIC Analysis System 221

PYMNTS

OCTOBER 4, 2020

A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. It was not a guarantee that Instagram was going to succeed," Zuckerberg said. "In

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

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Abrigo

DECEMBER 2, 2024

Indeed, between late February 2023 and late August 2023 alone, FinCEN received 15,417 reports representing $688 million in transactions related to mail theft-related check fraud. Among financial institutions attending Abrigo’s July webinar on fraud, 60% reported that check fraud has continued to increase in 2024.

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Abrigo

OCTOBER 19, 2023

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World. Stay up to date with cybersecurity threats.

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PYMNTS

JUNE 13, 2019

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims. 22 billion: Projected over-the-top (OTT) media revenue for 2019.

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PYMNTS

NOVEMBER 25, 2019

The tech firms received a report from researchers who came across the oneAudience software development kit (SDK) that provided third-party developers with access to personal information, CNBC reported. We encourage people to be cautious when choosing which third-party apps are granted access to their social media accounts.”.

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Google social media Security Apple 226

PYMNTS

JANUARY 3, 2019

You can be sure that one area of regression involves social media. New research, in fact, supports that idea — specifically, the high value that consumers attach to Facebook , and the high cost it would take to make them leave the social media platform. But that doesn’t mean consumers plan to leave Facebook anytime soon.

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PYMNTS

JUNE 10, 2020

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. In a statement, authorities said they intend to coordinate investigations and potential actions over TikTok’s practices across the EU, Bloomberg reported.

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Policies Data social media Video 253

PYMNTS

JANUARY 25, 2019

The latest company to be affected may be food delivery app Deliveroo, according to a report in the Financial Times. data protection watchdog is looking into the company after it reported “limited fraudulent activity” on some customers’ accounts. In 2016, customers took to social media to complain about a similar thing.

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PYMNTS

DECEMBER 27, 2020

Grubhub drivers are fuming over a new company policy that has led to dramatically reduced tipping, the Financial Times reported, citing exchanges with drivers and posts by other drivers on the Reddit social media platform.

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California social media Policies Company 269

PYMNTS

MARCH 8, 2019

Twitter announced an update to its abuse reporting functions that will allow its users to specify personal information issues. “We We want to move faster in reviewing reported Tweets that share personal information. Twitter isn’t the only social media site looking to boost its privacy measures.

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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.

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PYMNTS

JANUARY 28, 2020

Secure payments provider PCI Pal launched a new digital service on Tuesday (Jan. 28) that will let organizations offer ultra-secure payments across a multitude of channels, from social media to email and everything in between. Using the service, customers will be able to pay securely through any channel.

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Security Payments social media California 141

PYMNTS

JUNE 24, 2020

The bank said the decision was to “preserve an adequate competitive environment that ensures the functioning of a payment system that’s interchangeable, fast, secure, transparent, open and cheap,” Bloomberg reported. The Central Bank’s decision is a setback for the social media giant.

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Payments social media System Regulation 282

PYMNTS

MAY 8, 2020

Earnings reports from those companies show just how abruptly things have shifted. Management said in remarks that it began offering free virtual terminal access for merchants and retailers to accept secure online and contactless transactions. Fiserv reported that its Merchant Acceptance internal revenues were up 6 percent, to $1.2

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PYMNTS

JUNE 23, 2020

The German Federal Court has ordered Facebook to comply with an order from the country’s antitrust regulator and stop data collection of users in the country, Reuters reported Tuesday (June 23). Securities and Exchange Commission. The ruling is a setback for the U.S.

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PYMNTS

JULY 16, 2020

And, there will be flexible person-to-person (P2P) services with added layers of security authorizations. “Today’s consumers increasingly expect a seamless payment experience across multiple channels — whether it’s through social media, physical point-of-sale or eCommerce,” he said, according to the release. ”

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PYMNTS

OCTOBER 11, 2018

Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already. In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits.

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Apple social media blockchain Security 203

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . It also outlines some of the frictions entities face when doing so. .

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PYMNTS

JANUARY 28, 2021

Squarespace announced that it had applied for a confidential registration to go public with the Securities and Exchanges Commission (SEC), a release says. The brief press release doesn't constitute an offer to sell and doesn't mean there's any offer to buy securities on the table.

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PYMNTS

JANUARY 27, 2021

reported on Wednesday (Jan. The social media company reported $27.19 Drilling down into numbers reported in financial supplements that accompanied the earnings release, Facebook said that monthly active users (MAU) were 2.8 Facebook reported family monthly active people (MAP) of 3.3 Facebook, Inc.

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social media Report Security Operations 197

PYMNTS

OCTOBER 22, 2018

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. CNET , citing a report from The Information, reported Facebook has reached out to several security companies that could be takeover targets.

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PYMNTS

DECEMBER 16, 2018

Facebook , the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a multibillion dollar fine, reported CNN. It confirmed to CNN late last week that it started a “statutory” inquiry into the social media giant after it received several reports of data breaches.

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Data social media Regulation Report 202

PYMNTS

JANUARY 21, 2019

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency.

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