PYMNTS

DECEMBER 14, 2020

The release stated these types of scams, which "have no basis in reality," have intensified and grown in scope since the pandemic, which has resulted in millions of people losing their jobs due to pandemic restrictions. Scams investigated in this particular sweep have netted over $1 billion from victims, the release stated.

FTC 76

FTC Scams Federal Trade Commission Law Enforcement 76

FICO

DECEMBER 21, 2020

Prediction 1: Scams Will Become the Leading Fraud Type — and Not Just in the UK. Here’s the fraud-trend twist: In 2020, Authorized Push Payment (APP) scams are expected to eclipse card fraud in the UK for the first time , fueled by niche schemes related to the pandemic. How can this lead to a rise in employment scams?

Employment Scam 52

Employment Scam Scams Push-to-Card Governance 52

The Fintech Times

JANUARY 17, 2024

When asked what kinds of fraud they were the victims of, the most common responses were: Credit card fraud (59 per cent) Identity theft and phishing (21 per cent) Employment scams (12 per cent) Investment fraud (10 per cent) “Millennials have embraced digital payments and mobile banking, which dominate how we access banking services today.

AI 57

AI Financial Crimes Crime Security 57