PYMNTS

AUGUST 17, 2020

The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts. The year-over-year cybersecurity budget increase amounts to an average spend of $2,691 per employee.

Business Email Compromise

PYMNTS

JANUARY 28, 2021

PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020.” This development comes as 68 percent of fraud experts report increases in cybercrime over the past year.”.

Federal Trade Commission

PYMNTS

OCTOBER 24, 2019

Democratic Senators are calling on the Federal Trade Commission (FTC) to conduct an inquiry into Amazon regarding the Capital One breach, The Wall Street Journal reported on Thursday (Oct. They want the FTC to determine if Amazon’s negligence violates federal law as an “unfair business practice.” .

FTC

Clearly Payments

OCTOBER 7, 2024

Increased Fraud Risks The rapid shift to online and digital payments brought with it an increase in fraud and cybersecurity threats. Federal Trade Commission (FTC) reported that Americans lost over $5.8 Rise in Fraud : Payment fraud increased by 35% in the first year of the pandemic.

Cross-Border

PYMNTS

OCTOBER 2, 2020

More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported last month. Singapore isn’t the only country dealing with online theft.

Scams

PYMNTS

JANUARY 30, 2020

Federal Trade Commission (FTC) is investigating whether these companies illegally prevented merchants from routing debit transactions over alternate networks. Old forms of cybersecurity are not enough to keep up with fraudsters’ increasingly innovative attacks. A Big-Picture Approach To Thwarting Debit Fraud.

Debit Card

PYMNTS

MAY 21, 2020

Identity theft is also a constant fraud threat, with the Federal Trade Commission (FTC) stating that more than 650,57o cases of identity theft were reported in 2019. The FTC attributes this increase to the trove of personal data leaked by high-profile breaches, such as at Capital One and Equifax. percent of 3.2

Financial Crimes

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

PYMNTS

MARCH 3, 2020

It’s just as bad stateside, with the Federal Trade Commission (FTC) concluding that Americans got taken for over $200 million via internet romance ruses last year alone. In fact, the FTC says online dating owns the dubious distinction of being the most commonly reported type of con for two years running.

Federal Trade Commission

PYMNTS

NOVEMBER 14, 2019

FTC Probing Visa, Mastercard About Debit Card Practices. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg. Investors from the U.S.

Debit Card

PYMNTS

MAY 31, 2019

The knock-on impacts of small business lending innovation continue to reverberate in the industry, with regulators now exploring small business borrower rights and protections, cybersecurity firms addressing data risks and the small business borrowers with more financing options than ever before. Earlier this month, the U.S.

Finance

PYMNTS

JANUARY 6, 2017

Chad Schamberger, director of engineering at VirtualArmour , joined this week’s Hacker Tracker to share his insights on some of the biggest news impacting the cybersecurity space. Fraud On The Line. The customer service industry in India has transformed into a new — and lucrative — channel for fraudsters.

Scams

Center for Payments

NOVEMBER 21, 2023

The Federal Trade Commission (FTC) offers tips to follow before making a financial donation to a charity this year. The FBI reports, “Charity scam solicitations may come through cold calls, email campaigns, crowdfunding platforms, or fake social media accounts and websites. Additional Tips Hot off the press, the U.S.

Holiday Scams

PYMNTS

APRIL 30, 2018

Understanding that the brave new world of connectivity also creates a set of challenges, the European Commission has begun outlining guidelines for companies in the space and promoting heightened cybersecurity to keep citizens’ personal data safe. The Need for Greater GDPR Compliance.

Rules

PYMNTS

AUGUST 5, 2020

These states accounted for one third of more than 150,000 instances of COVID-related fraud reported nationally by the Federal Trade Commission (FTC) since mid-March. million to date, according to the FTC. Those cases have cost victims a total of $97.5 But the scams are not limited to the giant states.

FTC

Clearly Payments

FEBRUARY 8, 2024

Additionally, payment regulation mandates stringent security measures, data protection standards, and adherence to anti-money laundering (AML) regulations to thwart fraud, cybersecurity breaches, and illicit financial activities. Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations.

Regulations

PYMNTS

FEBRUARY 14, 2020

The Cost of Love: Broken hearts club: Consumers report losing more than $200 million to romance scams last year, as estimated by the FTC. Big Tech and Expanding Probes: A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. That’s up 40 percent over 2018. An estimated $1.77

Business Email Compromise

PYMNTS

DECEMBER 16, 2020

More than $134 million was lost to such scams in 2019, according to the Federal Trade Commission (FTC), while $117 million was lost to them during the first half of 2020 alone. Victims reported that Facebook and Instagram were the most common avenues for these schemes.

Bots

PYMNTS

AUGUST 28, 2017

Other high profile victims of the cybersecurity breach include the chief technologist of the Federal Trade Commission (FTC). The hacked phone number trick is on the rise: In 2013, there were 1,038 such incidents reported; by January 2016, that number had increased to 2,658.

CFPB