PYMNTS

SEPTEMBER 28, 2020

The Federal Trade Commission (FTC) found 184,000 instances of pandemic-related fraud had occurred in the United States since the end of August, resulting in the theft of more than $124 million,” per the new Playbook.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

JUNE 20, 2018

This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. Business scams are nothing new. The efforts come in tandem with eight state attorneys general, in addition to the New York Division of the U.S.

Scams 45

Scams Phishing Federal Trade Commission Wire 45

PYMNTS

MAY 21, 2020

Artificial intelligence (AI) and machine learning (ML) can analyze the thousands of transactions banks process each day in real time, and employee education efforts are proving effective in preventing deception via phishing emails or other social engineering techniques. This accounted for 20.3 percent of 3.2 This accounted for 20.3

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

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 69

Identity Theft FTC Account Takeovers Phishing 69

PYMNTS

MARCH 3, 2020

It’s just as bad stateside, with the Federal Trade Commission (FTC) concluding that Americans got taken for over $200 million via internet romance ruses last year alone. In fact, the FTC says online dating owns the dubious distinction of being the most commonly reported type of con for two years running.

Federal Trade Commission 53

Federal Trade Commission FTC Account Takeovers Ransomware 53

FICO

JANUARY 22, 2021

Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace. The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts. . Phishing attacks are on the rise during the pandemic.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 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. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Online and Mobile Banking 49

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

Center for Payments

NOVEMBER 21, 2023

The FBI warns consumers to be on the lookout for fake websites, counterfeit products, and phishing emails that appear to be coming from trusted retailers that consumers normally engage with. The Federal Trade Commission (FTC) offers tips to follow before making a financial donation to a charity this year.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

FICO

JANUARY 19, 2022

This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. Federal Trade Commission (FTC) is an important resource, taking in reports from consumers about problems they experience in the marketplace. Fake webpage for Royal Mail.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

MAY 14, 2020

Federal Trade Commission (FTC) recently reported American consumer shave already lost $13.4 million due to COVID-19-related fraud attempts — and that is just the losses the FTC knows about. Deep Dive: COVID-19’s Effect On eCommerce Security And The Future Of Onboarding.

Federal Trade Commission 60

Federal Trade Commission FTC Phishing Authentication 60