Remove Federal Trade Commission Remove Identity Theft Remove Phishing
article thumbnail

How PNC Is Fighting Pandemic-Fueled Financial Crime

PYMNTS

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. The identity theft rate in 2019 was 46.4 percent of 3.2

article thumbnail

It Can Help Happen to You

Innovative Payments Association

Secure Personal Information: Never give out personal information over the phone, through email, or online unless you initiated the contact and are sure of the recipient's identity. Identity Theft: Scammers steal seniors' personal information to open accounts or make purchases in their name.

Scams 52
article thumbnail

What to do if your company suffers a data breach

VISTA InfoSec

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.

article thumbnail

Fraudsters Find New Opportunities With Vaccine And Stimulus Scams

PYMNTS

The IRS is encouraging consumers to screenshot these fraudulent texts and email them to the agency at phishing@irs.gov. 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.

Scams 84
article thumbnail

Experts May Overestimate SMBs’ Understanding Of Cyber Threats

PYMNTS

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.

FTC 73
article thumbnail

5 Ways to Fight Holiday Shopping Fraud in 2021

FICO

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.

Scams 98
article thumbnail

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. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.