PYMNTS-MonitorEdge-May-2024

financial scams

Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate
Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate
November 22, 2024  |  Fraud Prevention

With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...

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Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
October 23, 2024  |  Fraud Prevention

Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial...

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Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023  |  Security & Fraud

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals...

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Financial Scams Against UK Consumers, Biz Up 16 Pct
Financial Scams Against UK Consumers, Biz Up 16 Pct
March 21, 2019  |  Security & Fraud

Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. The Financial Times, citing the trade body UK...

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CFPB: Older Consumers Log Most Payments Complaints
CFPB: Older Consumers Log Most Payments Complaints
June 01, 2017  |  CFPB

The Consumer Financial Protection Bureau released its monthly complaint report Wednesday (May 31) that showed older consumers frequently report servicing problems with reverse mortgages, difficulties...

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