FICO

AUGUST 21, 2020

When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. There’s one fraud pattern that’s highly predictable: when the economy goes down, fraud goes up. A Resurgence of Specific Fraud Types.

Scams 52

Scams Phishing Fraud Detection Issuers 52

Fintech Review

DECEMBER 3, 2024

Phishing attacks and malware remain prevalent, undermining consumer confidence. They aim to ensure consumer protection, foster competition, and promote innovation. Traditional methods like cash are vulnerable to theft, while checks can be forged. Digital payments, despite their advantages, introduce new risks.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

The Fintech Times

DECEMBER 21, 2023

This directive will introduce new regulations to enhance security and consumer protection in the EU, which will underscore the industry’s ongoing commitment to efficient and secure open banking. Every fintech will have to review its compliance processes to support and ensure a smooth transition.”

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

PYMNTS

MARCH 14, 2016

The sites were scored in three categories: consumer protection, site security and privacy, with 100 points possible in every category. Four of the sites tested did not authenticate accounts via email, which is highly correlated with phishing scams (which have been on the rise this year by a reported 400 percent.)

IRS 40

IRS Security Phishing Privacy 40

The Payments Association

OCTOBER 14, 2024

Click to explore key changes to APP fraud reimbursement rules Click here to open infographic By reducing the cap to £85,000, the PSR aims to balance the need for robust consumer protection with the realities of operating in a competitive payments market. The FCA expects PSPs to contribute to and utilise shared fraud databases actively.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

PYMNTS

JULY 20, 2017

Digital Shadows recommends that consumers protect themselves from fraud by being careful of job postings offering well-paid jobs to re-ship goods, often offering to work from home; never sharing your PIN over email or phone; ensuring any place new that you shop with uses 3D Secure; and checking your statements carefully.

Credit Cards 49

Credit Cards Phishing Breach Database 49

Payment Savvy

NOVEMBER 8, 2022

In the late seventies, the US government passed an act known as the EFTA, confirming various consumer protections for different methods of ‘electric’ money. Under this act, the following payment options are protected under the EFTA; Electronic Checks. This would be classed as an ACH payment.

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

PYMNTS

SEPTEMBER 27, 2017

Michael Lai, CEO and founder of the consumer protection website Sitejabber, said even Googling the charity can turn up the sites scammers want people to see alongside the real ones – that’s exactly where the bad guys want their fake sites to appear! Spear phishing is an even more targeted way for fraudsters to gain trust from victims.

Scams 52

Scams Phishing Non-Bank Addressing 52

PYMNTS

APRIL 22, 2020

The sites were used as phishing schemes, authorities said. Working alongside our law enforcement partners and the private industry, the Civil Division’s Consumer Protection Branch is taking action against all manner of COVID-19 consumer scams,” said Assistant Attorney General Jody Hunt in a statement.

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

Clearly Payments

JANUARY 8, 2025

Other key factors include: Consumer Protection : Most credit cards come with fraud protection and the ability to dispute charges, building trust among users. Cyber Attacks and Scams : However, cryptocurrency holders can fall victim to phishing scams, exchange hacks, and other forms of cybercrime.

Credit Cards 105

Credit Cards Cryptocurrency Cross-Border Volume 105

The Fintech Times

FEBRUARY 12, 2025

Personalised phishing attack: AI-generated emails, texts, and chat messages mimic actual communication styles, making phishing scams more believable and removing the red flags banks had previously wanted consumers to look out for. Two common goals: enhancing consumer protection and safeguarding society as a whole.

Romance Scams 59

Romance Scams Scams AI Deepfake 59