Financial institutions should watch for suspicious activity that may indicate relationship investment scams and should use specific Suspicious Activity Report (SAR) filing instructions and key terms to help law enforcement detect these scams, the Financial Crimes Enforcement Network (FinCEN) said in a Wednesday (Feb. 26)...
Banks and payment companies have been slow to adopt a new platform in the U.K. that is meant to streamline the reimbursement of consumers who have fallen victim to online fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Securities and Exchange Commission has created a unit to protect retail investors against fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The Department of Justice said Tuesday (Feb. 18) that a district court in Miami permanently barred 10 individuals and entities from making unauthorized debits to the bank accounts of consumers and small businesses. Get the Full Story Complete the form to unlock this article and...
Account takeovers are among the most insidious threats to banks and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Scammers aren’t just throwing darts at a board anymore — they’re getting personal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The digital shift that started during the pandemic sent consumers toward social media platforms for online shopping, which are considered card-not-present transactions. It continues today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The payments industry has long been chasing the ideal of a frictionless experience. The problem? Achieving that is close to impossible when security is also a priority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
