PYMNTS

MARCH 7, 2018

The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The new cards are being issued to protect consumers from identity theft. With that in mind, Medicare is removing Social Security numbers from its cards and replacing them with a unique Medicare number.

FTC

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.

FTC

PYMNTS

JUNE 8, 2016

Mobile phones have become the latest target of hackers, according to a new note published on the FTC’s website by Lorrie Cranor, the FTC’s chief technologist. According to data from the FTC, there has been a growing trend of ID theft as a result of mobile phones being hacked into.

FTC

FICO

NOVEMBER 24, 2020

The fraud problem has gone viral - consumers have filed more than 130,000 reports of fraud to the FTC and have lost $182 million to these activities during the pandemic. Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. It Pays to Protect Yourself.

Identity Theft

VISTA InfoSec

JUNE 21, 2023

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.

Data Breach

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC

PYMNTS

MARCH 2, 2018

But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016.

Scams

PYMNTS

DECEMBER 17, 2020

As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The FTC marked $201.26 million in coronavirus-related fraud this year and 38,792 cases of identity theft. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds.

Scams

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. 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.

Financial Crimes

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

FTC

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

National Merchants Association

AUGUST 5, 2022

Card Present Transaction : Pros and Cons Pro: Card Present Transactions Are More Secure Merchant account service providers consider card present transactions more secure than card not present transactions. According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft.

Credit Cards

National Merchants Association

AUGUST 5, 2022

Card Present Transaction : Pros and Cons Pro: Card Present Transactions Are More Secure Merchant account service providers consider card present transactions more secure than card not present transactions. According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft.

Transactions

National Merchants Association

AUGUST 5, 2022

Card Present Transaction : Pros and Cons Pro: Card Present Transactions Are More Secure Merchant account service providers consider card present transactions more secure than card not present transactions. According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft.

Transactions

National Merchants Association

AUGUST 5, 2022

Card Present Transaction : Pros and Cons Pro: Card Present Transactions Are More Secure Merchant account service providers consider card present transactions more secure than card not present transactions. According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft.

Credit Cards

PYMNTS

NOVEMBER 4, 2019

From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks. According to the PYMNTS Securing B2B Payments Report , criminals last year successfully made off with $4.2 International Issues.

Online and Mobile Banking

FICO

DECEMBER 5, 2022

Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 million consumer fraud and 1.4

Online and Mobile Banking

National Merchants Association

AUGUST 5, 2022

Card Present Transaction: Pros and Cons Pro: Card Present Transactions Are More Secure Merchant account service providers consider card present transactions more secure than card not present transactions. According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft.

Credit Cards

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 Despite these important differences, more than half (56%) of consumers believe RTP are more secure than credit card transactions and three-quarters feel RTP processes include sufficient security checks.

Real Time Payments

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

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. That is what happens when politicians create rules,” Madhu said.

Security

FICO

AUGUST 12, 2019

Industry estimates attribute around 80% of credit card fraud losses to synthetic identity fraud and child identity theft. (On On a clarifying note, synthetic identity creation is sometimes considered first-party fraud, whereas identity theft is considered third-party fraud. How Fraudsters Target Children.

Identity Theft