Remove Cybersecurity Remove FTC Remove Identity Theft
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What to do if your company suffers a data breach

VISTA InfoSec

Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S.

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Experts May Overestimate SMBs’ Understanding Of Cyber Threats

PYMNTS

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Yet, the data suggests that small businesses may not be aware of the risk they face from cybercriminals.

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How PNC Is Fighting Pandemic-Fueled Financial Crime

PYMNTS

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. million total fraud incidents last year, and also set a new record for the highest amount of identity theft cases in any year in history.

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Fighting The Known Unknowns In Digital Identity Fraud

PYMNTS

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.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

FICO

A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 million identity theft reports filed in 2021, many of which relate back to banks and lenders. These statistics are based on roughly 2.8 million consumer fraud and 1.4 See all Posts. chevron_left Blog Home.

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Study: COVID-19 Fraud Reaches $100M

PYMNTS

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.

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