PYMNTS

OCTOBER 7, 2020

Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. Such schemes are proliferating as the pandemic and economic hard times make consumers more vulnerable than ever to crooks. As PYMNTS’ Preventing Financial Crimes Playbook recently noted, the U.S.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

PYMNTS

SEPTEMBER 18, 2017

customers may have been compromised. Late last week, the Federal Trade Commission made the rare public announcement that it was looking into the breach, prompted by the attention the case has generated. These moves come after the company disclosed a major data breach in which 143 million U.S.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. This led to a security breach that compromised the data of approximately 2.1

FTC 53

FTC Data Security Consumer Security 53

PYMNTS

AUGUST 20, 2019

According to Bloomberg , the Federal Trade Commission has been investigating whether YouTube breached the Children’s Online Privacy Protection Act (COPPA) by using targeted, or “behavioral,” ads on videos that are likely to be watched by children.

FTC 44

FTC Federal Trade Commission Compromise Breach 44

PYMNTS

AUGUST 8, 2019

The court decision could have billions of dollars in consequences for the company, and it follows in the heels of a recent fine of $5 billion that Facebook agreed to pay to the Federal Trade Commission over privacy issues. . It’s not like a Social Security card or credit card number where you can change the number.

Federal Trade Commission 43

Federal Trade Commission Privacy Social Security Compromise 43

PYMNTS

NOVEMBER 27, 2017

The suits also claim that consumers were harmed by having their data compromised without being notified in a timely manner. As a result, plaintiffs have filed three separate potential class-action lawsuits in California and Oregon that allege Uber was negligent in its failure to protect consumer data.

Federal Trade Commission 40

Federal Trade Commission Data Breach Breach Legal 40

PYMNTS

JULY 27, 2016

The significant jump in complaints, also a record number for complaints submitted to the Federal Trade Commission, are predicted to worsen in the future. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

PYMNTS

DECEMBER 4, 2018

Marriott has estimated that around 327 million of those affected had information compromised that included names, passport numbers, email addresses and Starwood account information. The Federal Trade Commission needs real powers with strong teeth in order to punish companies that lose or misuse Americans’ private information.

Federal Trade Commission 43

Federal Trade Commission Data Breach Breach Database 43

FICO

JANUARY 22, 2021

Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace. FICO® Falcon® Compromise Manager identifies compromised merchants, the time window during which payment card information is stolen, and the cards that are at risk.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

FEBRUARY 6, 2017

Research has found that new-account fraud more than doubled from 2014 to 2015, with nearly 7 million individuals having their Social Security numbers (SSN) compromised in 2015, an increase of more than 63 percent from the previous year. The Federal Trade Commission estimates that synthetic fraud costs U.S.

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59

FICO

MARCH 8, 2021

What to do if your tax return is compromised. File a complaint with the Federal Trade Commission at identitytheft.gov. I memorized my SSN as a young teen, and I recommend this to anyone. Keep your physical Social Security Card in a secure place, ideally, a safe deposit box. Don’t store your SSN on your phone, either.

Tax Refunds 52

Tax Refunds Identity Theft IRS Federal Trade Commission 52

PYMNTS

JUNE 20, 2018

This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. Department of Justice said it had arrested 74 individuals who allegedly committed fraud via business email compromise scams.

Scams 45

Scams Phishing Federal Trade Commission Wire 45

PYMNTS

OCTOBER 30, 2017

According to John Krebs, manager of the identity theft program at the Federal Trade Commission (FTC), the situation between the good guys who are trying to protect the systems and the bad guys who are trying to break into and exploit them will always be very asymmetrical. Known Unknowns.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

PYMNTS

JULY 14, 2017

In four words, the Federal Trade Commission (FTC) — which about a month ago gave its official thumbs down to the merger on antitrust grounds. Data compromised ran the gamut from credit cards to biometric information. Fizzle: Biometric Data: Nothing’s sacred in security, it seems. High tech, high stakes. .

FTC 40

FTC Federal Trade Commission CFPB Legal 40

Center for Payments

NOVEMBER 21, 2023

The FBI reports, “…victims end up paying for an item, while also giving away personal information and credit card details, then receive nothing in return except a compromised or stolen identity.” The Federal Trade Commission (FTC) offers tips to follow before making a financial donation to a charity this year.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

FICO

APRIL 29, 2022

About 56,000 romance scams, totaling $139 million in losses, were reported to the Federal Trade Commission last year, according to agency data. 04%), NACHA officials say business email compromise attempts are on the upswing – just as they are across every channel. ACH volumes in the United States increased 8.7%

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

FICO

APRIL 20, 2023

environment is not faring any better; according to the US Federal Trade Commission (FTC) , US consumers lost at least $8.8 In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals. billion in scams in 2022, a 30% increase over 2021.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

PYMNTS

JUNE 27, 2019

After that wave of complaints about gauging, the Federal Trade Commission (FTC) began warning hotels and online booking sites against opacity in pricing — so the problem was rectified to the extent that most online booking platform at this point list both the base price and the total price with fees.

Federal Trade Commission 44

Federal Trade Commission FTC Compromise Consumer 44

PYMNTS

SEPTEMBER 18, 2017

And, in the case of Equifax, they make that consumer data vulnerable to compromise — an egregious lapse in security for a company that is, above all, an information and data repository.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

Nanonets

MAY 31, 2023

According to the Federal Trade Commission, USA, over 1.4 Compromised Employees: Internal employees willingly or unwittingly collude with external fraudsters to execute payment fraud schemes, leveraging their knowledge and access to circumvent controls.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

FICO

JANUARY 19, 2022

This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

APRIL 16, 2018

That’s what the Federal Trade Commission ’s Consumer Protection division is there for, not to mention class action lawyers, as well as similar regulatory authorities in other countries. It’s why I said then that Google Search and Amazon and platforms like them — not Facebook — are among the new power brokers in our world.

Consumer 48

Consumer Credential Compromise Product 48

PYMNTS

APRIL 30, 2018

Additional steps must be taken to ensure that business-related data is not compromised. In addition to Zuckerberg’s grilling on Capitol Hill , the Federal Trade Commission (FTC) also recently launched an investigation into Facebook. The Need for Greater GDPR Compliance.

Rules 47

Rules Authentication Breach Compliance 47

PYMNTS

MAY 31, 2020

Conversely, Jon Callas , a technology fellow of the American Civil Liberties Union, said he believes Zoom’s approach is a “reasonable compromise.”. The Federal Trade Commission is said to be looking into privacy concerns regarding Zoom, Chairman Joseph Simons said last week. The CEO is looking at different arguments.

Security 60

Security Federal Trade Commission Encryption Privacy 60

PYMNTS

FEBRUARY 14, 2020

B2B Targeted: The FBI reports that Business email compromise (BEC) scams are on the rise. Big Tech and Expanding Probes: A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. An estimated $1.77 billion in losses were due to BEC fraud last year.

Business Email Compromise 52

Business Email Compromise Cross-Border Romance Scams FTC 52

PYMNTS

NOVEMBER 6, 2017

In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised. Biometrics May Not Be the Panacea.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

JUNE 26, 2019

Washington is increasingly concerned about the size and reach of tech companies, and both the Department of Justice and the Federal Trade Commission recently announced probes into major tech operations. “These people are all Democrats; it’s totally biased toward Democrats.”.

Federal Trade Commission 40

Federal Trade Commission Third Party Vendors Government Governance 40