Consumers lost $201 million to romance scams in 2019, an increase of nearly 40% from a year prior, according to new data from the Federal Trade Commission’s Consumer Sentinel Network.
Browsing: Cyber crime
With the potential for cyberattacks against the U.S. rising as a result of geopolitical tensions, the FDIC and OCC yesterday issued a joint statement reminding financial institutions of the principles of sound cybersecurity risk management.
When all banks are pushing forward in the race to adopt the latest innovation and emerging technologies, remember that cybersecurity is essential to remain competitive while protecting account holders. Be the trusted resource that empowers consumers to guard against fraud and cyber-attacks.
As phishing becomes a top cyber threat—with losses growing to nearly $30 million in 2017 from $8 million in 2015, according to the FBI—ABA and the Federal Trade Commission today released a new infographic highlighting this growing problem.
Bank investments in technology can create more vulnerability to tech-savvy fraudsters.
For payments fraud professionals, fighting fraud can seem like a marathon with a finish line that keeps moving further and further away.
From phishing to synthetic ID theft, emerging and resurgent fraud risks are keeping bankers on their toes.
Six steps to protect your bank’s data.