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Study Shows Alarming Rise in Smartphone Identity Theft Among UK Consumers

The Fintech Times

Fighting fraud According to the research, not only were respondents’ social media and email accounts accessed, but one in four individuals also fell victim to digital wallet theft, resulting in monetary losses. Our research suggests that currently, they are not doing enough.

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One Out Of Five U.K. Firms Hit By Hackers Last Year

PYMNTS

Cyberattacks risk companies’ finances, confidence and reputation, with victims reporting not only monetary losses, but costs from disruption to their business and productivity. Banks and police forces tend to have in-house staff for these sorts of issues. For about 15,000 people, sensitive financial data also made it out the door.

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PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

“These types of fraud have a profound impact on victims, not only in terms of monetary loss but also in the emotional and psychological toll they exact. The post PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims appeared first on The Fintech Times.

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What is High-Risk Merchant Account & Processing?

National Merchants Association

For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Usually, it simply refers to the type of goods and services a merchant is selling or the industry they do business in. appeared first on National Merchants.

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What is High-Risk Merchant Account & Processing?

National Merchants Association

For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Usually, it simply refers to the type of goods and services a merchant is selling or the industry they do business in. appeared first on LOLA POS.

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What are Returned Check Fees: Definitions, Costs, and Prevention Strategies

EBizCharge

The repercussions of such incidents extend beyond monetary losses to one’s economic reputation and legal ramifications. Indirect costs may also arise, such as potential hits to credit scores and relationships with vendors or service providers, including health care providers or behavioral health services.

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