Fintech News

FEBRUARY 27, 2024

The Act is notably focused on consumer protection, imposing stringent penalties for market misconduct and manipulation. As we look towards 2024, the dual focus on fostering growth in the digital asset sector while ensuring consumer protection is expected to remain a key theme in Malaysia.

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APACS Regulations Stablecoins Cryptocurrency 132

PYMNTS

MARCH 2, 2018

“While we received fewer overall complaints in 2017, consumers reported losing more money to fraud than they did the year before,” Tom Pahl, the acting director of the FTC’s Bureau of Consumer Protection, said in the press release. Identity theft complaints followed close behind, making up nearly 14 percent of all complaints.

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Scams Identity Theft FTC Federal Trade Commission 55

PYMNTS

DECEMBER 14, 2020

“Scammers are preying on the unemployment and anxiety arising from the pandemic by making false promises of big income working from home,” said Andrew Smith , director of the FTC’s Bureau of Consumer Protection , in the release. “If

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FTC Scams Federal Trade Commission Law Enforcement 76

Fintech News

SEPTEMBER 29, 2024

As early as 2021, CNBC reported that criminals were exploiting weaknesses in the application processes of BNPL platforms, often using clever tactics like identity theft and account takeovers, making unsuspecting victims foot the bill. BNPL fraud is not a new phenomenon.

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BNPL Scams Identity Theft Non-Bank 131

PYMNTS

MARCH 2, 2016

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams related to impostors. The identity theft designation has been the top complaint category for the past 15 years, said the FTC.

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FTC Identity Theft Law Enforcement Scams 41

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? It’s important for consumers to realize that when they do business with somebody, they may be doing business with more than one party,” Clare said. For consumers, protection means paying close attention.

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Cybersecurity Identity Theft Data Breach Breach 40

PYMNTS

DECEMBER 16, 2018

Armed with that information, the hacker could engage in nefarious activities such as identity theft and credit card fraud, the AG said. That resulted in the chance that a hacker could intercept information the user enters into the app.

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Security Identity Theft Settlement Encryption 55

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? It’s important for consumers to realize that when they do business with somebody, they may be doing business with more than one party," Clare said. For consumers, protection means paying close attention.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 40

Segpay

DECEMBER 13, 2024

ID Fraud Risks: With identity data breaches on the rise, organizations face the challenge of protecting sensitive data that could lead to identity theft. By applying strict privacy protections in identity management processes, organizations can reduce their exposure to these risks.

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Privacy Compliance CCPA Authentication 105

FICO

JANUARY 13, 2020

The FCC will issue updated interpretations of the Telephone Consumer Protection Act in 2020. The Telephone Consumer Protection Act (TCPA) has long been a concern to many organizations that are frustrated by their inability to effectively use modern technology to communicate with their customers or members.

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Authentication AML Finance OCC 52

PYMNTS

AUGUST 5, 2020

Maine led the pack, where monthly complaints of coronavirus scams and identity theft quadrupled from March through July, the study said. But the scams are not limited to the giant states. Even small states saw huge increases in COVID-related fraud in recent months.

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FTC Federal Trade Commission Scams Identity Theft 112

PYMNTS

FEBRUARY 6, 2018

He noted that in all the news reports detailing the ravages of identity theft, one thing is notably missing: A list of free services – from the government and elsewhere – that can help individuals monitor whether they have been compromised and how to protect themselves. Data Point Number Two: 15.4 million Hours.

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Identity Theft Social Security Addressing Consumer 48

FICO

MAY 17, 2019

Next followed a surge in account takeover and identity theft as data breaches make personally identifying information a commodity on the Dark Web. As the years passed by, fraud evolved to target lower hanging fruit (as it always does).

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FBI Credit Risk Identity Theft Law Enforcement 75

The Fintech Times

MAY 14, 2025

Card identity theft losses have increased by 200 per cent since 2021, while human trafficking alone has become a nearly 400billion industry. As the world leans deeper into card-based transactions, financial crime is no longer just easier to commit – it’s also becoming more sophisticated, scalable, and dangerous.

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Financial Crimes Crime Money Laundering Identity Theft 45