PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. The Federal Trade Commission (FTC) has reported 61,898 pandemic-related complaints since the outbreak began, totaling $45.1 About the Tracker.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

PYMNTS

OCTOBER 1, 2019

Across the European Union, new strong customer authentication (SCA) requirements went into effect on Sept. The new regulations aim to reduce fraud by requiring merchants to use multifactor authenticatio n (MFA) solutions such as PINs and biometrics to approve online payments and transactions greater than €30 ($37 USD).

Romance Scams 62

Romance Scams Scams Federal Trade Commission FTC 62

FICO

NOVEMBER 7, 2022

Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible. All Parties Agree that Scams are Bad, But Not on Who Is Liable.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52