PYMNTS

MAY 21, 2020

Identity theft is also a constant fraud threat, with the Federal Trade Commission (FTC) stating that more than 650,57o cases of identity theft were reported in 2019. The identity theft rate in 2019 was 46.4 This accounted for 20.3 percent of 3.2 This accounted for 20.3 percent of 3.2

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

MARCH 7, 2018

The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The new cards are being issued to protect consumers from identity theft. With that in mind, Medicare is removing Social Security numbers from its cards and replacing them with a unique Medicare number.

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FTC Scams Identity Theft Federal Trade Commission 49

PYMNTS

MARCH 30, 2017

And fraudsters are getting more proactive — 2016 was a banner year for eCommerce fraud, powered by 1,093 breaches, according to the Identity Theft Resource Center, that made personal data and card information easier to get access to than ever.

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EMV Identity Theft Federal Trade Commission CHIPS 47

VISTA InfoSec

JUNE 21, 2023

The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. You can also include links to up-to-date information on identity theft if appropriate. This must be done using the electronic notice forms online. Secret Service offices.

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Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

DECEMBER 17, 2020

Earlier this month, the Federal Trade Commission and the Better Business Bureau both issued alerts warning people to watch out for phony messages alluding to access to a vaccine. million in coronavirus-related fraud this year and 38,792 cases of identity theft. The FTC marked $201.26

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Scams IRS Federal Trade Commission FTC 84

FICO

MARCH 8, 2021

File a complaint with the Federal Trade Commission at identitytheft.gov. You can report identity theft on most credit monitoring apps, as well. Continue reading to learn more and find out five ways to protect yourself from tax refund fraud. How do fraudsters commit tax refund fraud?

Tax Refunds 52

Tax Refunds Identity Theft IRS Returns 52

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.

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ACH Checks Identity Theft Payments 88

PYMNTS

JUNE 21, 2016

The company also included the following warning for consumers: “If you suspect that you are a victim of identity theft or fraud, you have the right to file a police report. Federal Trade Commission to learn about steps you can take to protect yourself against identity theft.”

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Looking at research from the Identity Theft Resource Center, QuickBridge pointed to small businesses in the healthcare, banking and finance, and retail sectors as particularly popular targets for cyberattackers.

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FTC Cybersecurity Small Business Federal Trade Commission 73

FICO

NOVEMBER 22, 2021

With that in mind, there are actions you can take right now to protect yourself from fraud and identity theft, regardless of your location around the globe. In 2020, the Federal Trade Commission received more than 2.1 In the U.S. Tip #1: Revisit Your Password Habits. Tip #5: Communicate Directly with Your Bank.

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Scams Online and Mobile Banking Identity Theft Credit Cards 98

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.

Account Takeovers 69

Account Takeovers Accounts Federal Trade Commission Verification 69

PYMNTS

SEPTEMBER 18, 2018

Federal Trade Commission on Tuesday (Sept. 18) shows how eCommerce can enable other forms of ID theft. But action from the U.S.

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FTC Fed Federal Trade Commission Identity Theft 53

PYMNTS

JULY 27, 2016

The significant jump in complaints, also a record number for complaints submitted to the Federal Trade Commission, are predicted to worsen in the future. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

Center for Payments

FEBRUARY 10, 2023

By Madison Howard, Manager, Member Communications, EPCOR Of those who have experienced identity theft, which happens when someone utilizes your personal information to commit fraud, many share that it is an overwhelming and mentally draining experience. Watch your mailbox. If you’re going out of town, request a mail hold with the U.S.

Identity Theft 40

Identity Theft Federal Trade Commission Social Security Privacy 40

Innovative Payments Association

JUNE 26, 2024

Identity Theft: Scammers steal seniors' personal information to open accounts or make purchases in their name. What to Do if You're Targeted If you suspect a scam, report it to your bank, local law enforcement, and the Federal Trade Commission. Consumers can find a list of resources on our consumer support page.

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Scams Federal Trade Commission Identity Theft Law Enforcement 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.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

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

National Merchants Association

AUGUST 5, 2022

According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft. The FTC received more than 88,000 credit card fraud reports in 2021. It also received about 69,750 payment app or service fraud reports.

Credit Cards 52

Credit Cards Federal Trade Commission FTC Point-of-Sale (POS) 52

National Merchants Association

AUGUST 5, 2022

According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft. The FTC received more than 88,000 credit card fraud reports in 2021. It also received about 69,750 payment app or service fraud reports.

Transactions 52

Transactions Credit Cards Federal Trade Commission FTC 52

National Merchants Association

AUGUST 5, 2022

According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft. The FTC received more than 88,000 credit card fraud reports in 2021. It also received about 69,750 payment app or service fraud reports.

Transactions 52

Transactions Credit Cards Federal Trade Commission FTC 52

National Merchants Association

AUGUST 5, 2022

According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft. The FTC received more than 88,000 credit card fraud reports in 2021. It also received about 69,750 payment app or service fraud reports.

Credit Cards 52

Credit Cards Federal Trade Commission FTC Point-of-Sale (POS) 52

PYMNTS

FEBRUARY 6, 2017

The Federal Trade Commission estimates that synthetic fraud costs U.S. The lack of an injured consumer makes synthetic fraud more difficult to confirm. Yet, this is a growing form of fraud that is impacting many industries, and the prevalence of synthetic fraud has risen every year since 2011. businesses $50 billion per year.

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Federal Trade Commission Scams Credit Cards Fraud Prevention 59

FICO

APRIL 20, 2023

environment is not faring any better; according to the US Federal Trade Commission (FTC) , US consumers lost at least $8.8 Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications. Debbie holds a B.A.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

National Merchants Association

AUGUST 5, 2022

According to the Federal Trade Commission (FTC), credit card fraud is the second-most prevalent type of identity theft. The FTC received more than 88,000 credit card fraud reports in 2021. It also received about 69,750 payment app or service fraud reports.

Credit Cards 40

Credit Cards Federal Trade Commission FTC Point-of-Sale (POS) 40

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. Common examples of external payment fraud include: Impersonation: Fraudsters pose as legitimate customers or vendors to deceive organizations into making unauthorized payments.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

PYMNTS

AUGUST 5, 2020

These states accounted for one third of more than 150,000 instances of COVID-related fraud reported nationally by the Federal Trade Commission (FTC) since mid-March. Maine led the pack, where monthly complaints of coronavirus scams and identity theft quadrupled from March through July, the study said.

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FTC Federal Trade Commission Scams Identity Theft 112

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

PYMNTS

MARCH 31, 2020

The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic, twice the number it received just a week ago. Fraud-related complaints were 4,544; do not call, 702; identity theft, 375; and other, 2,286.

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FTC Scams Federal Trade Commission Identity Theft 70

FICO

AUGUST 12, 2019

As I’ve blogged about previously, synthetic identity fraud is rampant , and fraudsters are growing ever-more sophisticated. Industry estimates attribute around 80% of credit card fraud losses to synthetic identity fraud and child identity theft. (On Child identity fraud is a combination of both, as described below.).

Identity Theft 40

Identity Theft Federal Trade Commission Credit Cards Social Security 40