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. The FTC is requesting that once the new cards are received, the old ones should be shredded immediately.

FTC 49

FTC Scams Identity Theft Federal Trade Commission 49

PYMNTS

MARCH 2, 2016

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams related to impostors. The identity theft designation has been the top complaint category for the past 15 years, said the FTC.

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FTC Identity Theft Law Enforcement Scams 41

PYMNTS

JUNE 8, 2016

Mobile phones have become the latest target of hackers, according to a new note published on the FTC’s website by Lorrie Cranor, the FTC’s chief technologist. According to data from the FTC, there has been a growing trend of ID theft as a result of mobile phones being hacked into.

FTC 42

FTC Identity Theft Crime Credential 42

FICO

NOVEMBER 24, 2020

The fraud problem has gone viral - consumers have filed more than 130,000 reports of fraud to the FTC and have lost $182 million to these activities during the pandemic. Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. It Pays to Protect Yourself.

Identity Theft 98

Identity Theft Scams Online and Mobile Banking Account Takeovers 98

PYMNTS

MARCH 2, 2018

But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016.

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Scams Identity Theft FTC Federal Trade Commission 55

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

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FTC Cybersecurity Small Business Federal Trade Commission 73

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

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. million total fraud incidents last year, and also set a new record for the highest amount of identity theft cases in any year in history.

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

JULY 20, 2020

In related news, the Federal Trade Commission (FTC) reported that its top complaint has been fraud, according to a PYMNTS report. There were over 47,000 fraud complaints from March through June, alongside over 14,000 identity theft complaints and nearly 4,000 Do Not Call complaints.

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CFPB Consumer Financial Protection Bureau (CFPB) Consumer Identity Theft 64

PYMNTS

DECEMBER 17, 2020

As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The FTC marked $201.26 million in coronavirus-related fraud this year and 38,792 cases of identity theft. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds.

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Scams IRS Federal Trade Commission FTC 84

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

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FTC Fed Federal Trade Commission Identity Theft 53

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

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

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

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

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

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

FICO

NOVEMBER 30, 2022

Another colleague of mine, TJ Horan, recently wrote a post about the growth of scams and the potential for regulation and noted that: Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 million from debit card payments, and $82.2 million from payments apps and services.

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Scams Push-to-Card Fraud Prevention CashApp 52

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. billion in scams in 2022, a 30% increase over 2021.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

FICO

DECEMBER 5, 2022

A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 million identity theft reports filed in 2021, many of which relate back to banks and lenders. These statistics are based on roughly 2.8 million consumer fraud and 1.4

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52