PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. For example, the number of instances in which attackers went after Social Security numbers increased eightfold between 2016 and 2017.

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FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

JUNE 21, 2016

Acer further noted that passwords, login credentials and Social Security numbers were not impacted by the breach. “Based on our records, we have determined that your information may have been affected, potentially including your name, address, card number, expiration date, and three-digit security codes.

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

MAY 22, 2020

The Federal Trade Commission (FTC) has received 18,235 reports of virus-centric scams since the beginning of the year, and these incidents have resulted in more than $13.4 I got an email just recently that said that my Social Security number had been frozen and to click ‘this link’ to unfreeze it.”.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

MARCH 3, 2020

Presidents have the authority to fire appointees, but some agencies, like the Securities and Exchange Commission (SEC), Federal Trade Commission (FTC) and the Federal Reserve have complicated multi-member leaders structures that aren’t as easy to remove. The CFPB was founded in 2010.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Federal Reserve 52

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. As part of the settlement, Grago is prohibited from falsely claiming the extent of the security provided by any company he owns and operates.

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FTC Data Security Security Consumer 53

PYMNTS

SEPTEMBER 22, 2017

In that data breach, the fraudsters may have stolen numerous important and identifying information on consumers, including birth dates and Social Security numbers. Even the Federal Trade Commission (FTC) has gotten in on the action, announcing in a rare statement last week that it is looking into the breach.

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Data Breach Federal Trade Commission Breach FTC 49

FICO

MARCH 8, 2021

Filing early will reduce the chances that a financial criminal will use stolen personal information (your name and Social Security Number [SSN] or Tax Identification Number [TIN]) to file a fraudulent tax return first, snatching, literally, a refund out of your hands. Don’t share your Social Security Number.

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Tax Refunds Identity Theft IRS Returns 52

PYMNTS

AUGUST 8, 2019

The court decision could have billions of dollars in consequences for the company, and it follows in the heels of a recent fine of $5 billion that Facebook agreed to pay to the Federal Trade Commission over privacy issues. . It’s not like a Social Security card or credit card number where you can change the number.

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Federal Trade Commission Privacy Social Security Compromise 43

PYMNTS

APRIL 5, 2018

The breached information included names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers. Federal Trade Commission. as well as the credit card numbers of approximately 209,000 people. Then last month, the company announced that it had identified 2.4

Federal Trade Commission 43

Federal Trade Commission Request for Comment Breach Data Breach 43

PYMNTS

JULY 31, 2019

In May, the Federal Trade Commission launched an investigation into the MCA industry and allegations of its unfair lending practices. While designed to connect small business owners to quick capital for a boost to their cash flow, the MCA has earned a reputation for some predatory behavior, like sky-high interest rates and fees.

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Federal Trade Commission Small Business Underwriting Risk Mitigation 65

PYMNTS

MARCH 10, 2016

The Federal Trade Commission said on Wednesday (March 9) that it requested, and a federal district court granted, bans on seven people, Ideal Financial Solutions and that company’s subsidiaries from collecting or disclosing consumer information.

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FTC Credential Consumer Federal Trade Commission 40

PYMNTS

OCTOBER 9, 2017

million customers’ personal data , including Social Security numbers, may have been hacked in a cyberattack. Since the company announced the data breach, its CEO Richard Smith has retired , and inquiries have been launched by every state attorney general and the Federal Trade Commission.

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Cybersecurity Data Breach Federal Trade Commission Breach 40

Innovative Payments Association

JUNE 26, 2024

Be Aware of the Different Types of Scams Phishing Scams: Seniors may receive emails or phone calls pretending to be from their bank, asking for sensitive information like passwords or social security numbers. Too Good to Be True Offers: If an offer promises unusually high returns or benefits with little to no risk, it's likely a scam.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

SEPTEMBER 22, 2017

The company’s shares have fallen more than 30 percent since the hack, which exposed consumer names, Social Security numbers, birthdates, addresses and, in some cases, drivers’ license numbers. He is already slated to appear before the U.S. House of Representatives on Oct. The company also reported 209,000 U.S.

UDAAP 46

UDAAP CFPB Federal Trade Commission Breach 46

PYMNTS

FEBRUARY 6, 2017

Research has found that new-account fraud more than doubled from 2014 to 2015, with nearly 7 million individuals having their Social Security numbers (SSN) compromised in 2015, an increase of more than 63 percent from the previous year. The Federal Trade Commission estimates that synthetic fraud costs U.S.

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Federal Trade Commission Scams Credit Cards Fraud Prevention 59

Payment Savvy

JUNE 7, 2023

Although Venmo itself is a reputable company that uses state-of-the-art security technologies, it has faced some privacy issues in the past, which even resulted in a settlement with the Federal Trade Commission. How to Set Up Venmo for Business?

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Venmo Transaction Limits Accounts Transactions 98

Center for Payments

FEBRUARY 10, 2023

Protect your social security number. In most cases, criminals use a child’s social security number to get started. Freezing your credit provides protection against fraudsters looking to utilize your information to open a new account. Be sure to check your credit report regularly for any suspicious activity.

Identity Theft 40

Identity Theft Federal Trade Commission Social Security Privacy 40

PYMNTS

DECEMBER 1, 2017

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. All in, hackers managed to nab names, email addresses and phone numbers of 50 million Uber riders around the world, as well as the data of about 7 million drivers, which includes 600,000 U.S.

Breach 57

Breach Data Breach Office of the Comptroller of the Currency Federal Trade Commission 57

PYMNTS

MARCH 19, 2020

Jennifer Leach, associate director of the Division of Consumer and Business Education at the Federal Trade Commission, wrote a blog post predicting that scammers could try and pose as official entities to wrench money out of victims. Leach laid it out clearly: the government would not ask for any payment to access the funds.

Privacy 56

Privacy Federal Trade Commission Scams Government 56

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

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Security Consumer Office of the Comptroller of the Currency Identity Theft 43

FICO

AUGUST 12, 2019

For many years, fraudsters have exploited the Social Security Numbers (SSN) of recently deceased persons, a technique called ghosting. Social Security Administration in the way it generates SSNs. Child identity fraud is a combination of both, as described below.). How Fraudsters Target Children.

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Identity Theft Federal Trade Commission Credit Cards Social Security 40