Remove Account Takeovers Remove FTC Remove Identity Theft
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5 Ways to Combat Fraud During the Holidays

FICO

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.

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Why Online Retail Fraud Is On the Rise

PYMNTS

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.

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Securing Consumer Data Beyond The SSN

PYMNTS

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. Biometrics May Not Be the Panacea.

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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. The Many Ways To Play At Fraud. Known Unknowns.