New research from TransUnion’s Consumer Financial Hardship studies found that phishing is the top digital fraud scheme worldwide related to the COVID-19 pandemic.
There was a 7.3 percent increase in the cost of fraud year-over-year for U.S. e-commerce and retail merchants, according to a new LexisNexis Risk Solutions report.
The Federal Communications Commission proposed a $225 million fine against Texas-based health insurance telemarketers for making approximately 1 billion illegally spoofed robocalls.
According to the Federal Trade Commission’s Report, from January 1st through April 15th, Americans have reported losing $13.44 million dollars to fraud and they’ve received 18,235 reports related to COVID-19. To avoid coronavirus scams, it’s crucial to understand and identify the red flags and behaviors of “fear scammers.”
TransUnion released its quarterly analysis of global online fraud trends, which found that the telecommunications, e-commerce and financial services industries have been increasingly impacted.
When an incident or disaster occurs, security and fraud investigators go to work. They must be able to rely on innovative processes and tools that allow them to swiftly locate and analyze the information needed to determine the proper resolution or action. Credit unions need intuitive solutions that can be leveraged across multiple departments in a moment's notice to be more efficient and effective in today’s challenging environment.
In light of the reports of theft of COVID-19 stimulus checks (which one headline called “pure hell”), it’s instructive to look back at recent breaches of IRS systems and processes.
The Federal Bureau of Investigation (FBI) has posted a Public Service Announcement (PSA) noting that the Internet Crime Complaint Center (IC3) has seen an increase in reports of online extortion scams during the current "stay-at-home" orders due to the COVID-19 crisis.
