PYMNTS

OCTOBER 13, 2020

The Federal Trade Commission reported recently that credit card fraud is now the most common form of identity theft. Merchants must be on the lookout for a variety of criminal activities, and credit card fraud is an increasingly important one. Read more in the Tracker.

Account Takeovers 69

Account Takeovers Accounts Federal Trade Commission Verification 69

Stax

NOVEMBER 11, 2024

Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. Beyond the inconvenience of mailing a paper check, there is an increased risk of identity theft.

ACH 88

ACH Checks Identity Theft Payments 88

Innovative Payments Association

JUNE 26, 2024

Just a few days ago I learned that my mother was the victim of bank account fraud. Identity Theft: Scammers steal seniors' personal information to open accounts or make purchases in their name. Like most things, fraud hits a little differently when it is closer to home.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

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. Third-party account takeovers were only responsible for 7 percent of fraud losses.

Online and Mobile Banking 49

Online and Mobile Banking Cross-Border Federal Trade Commission Fraud Prevention 49

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. The Many Ways To Play At Fraud.

Identity Theft 69

Identity Theft Account Takeovers FTC Phishing 69

PYMNTS

NOVEMBER 6, 2017

After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft. The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

Nanonets

MAY 31, 2023

According to the Federal Trade Commission, USA, over 1.4 million individuals in the United States fell victim to identity theft in 2021. Account Takeover: Criminals gain unauthorized access to customer accounts, allowing them to make fraudulent transactions or transfer funds.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52