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National Consumer Protection Week: Keeping your personal data safe in a digitally connected world

Webroot

March is a time for leprechauns and four-leaf clovers, and as luck would have it, its also a time to learn how to protect your private data from cybercrime. Each year, the first week of March (March 2-8) is recognized as National Consumer Protection Week (NCPW).

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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “Members don’t have to request to use Zelle.

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Credit Freezes are Free: Let the Ice Age Begin

Krebs on Security

Enacted in May 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act rolls back some of the restrictions placed on banks in the wake of the Great Recession of the last decade. Spouses may request freezes for each other by phone as long as they pass authentication. But it also includes a silver lining.

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Credit Card Fraud VS. Debit Card Fraud: Are you Protected?

Identity IQ

Credit Card Fraud VS. Debit Card Fraud: Are you Protected? Consumer protection laws differ in each case and knowing the differences can help to keep your accounts safe from identity theft. While there are protections for both, you can face more liability for fraudulent charges than if you’d used your credit card instead.

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PSD2 Regulation and Compliance

Thales Cloud Protection & Licensing

PSD2 Regulation and Compliance josh.pearson@t… Wed, 09/04/2024 - 23:44 The PSD2 directive is a cornerstone of payment legislation in Europe, designed to enhance consumer protection, foster innovation, and create a more integrated and secure European payment landscape. Initially, PSD2 was set to take full effect on September 14, 2019.

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We dig into the Game Players Code

Malwarebytes

Banks are noticing just how much time is spent dealing with gaming theft issues. LLoyds Bank, in response to the never-ending glut of financial gaming fraud, has come up with something called “ Shield against scams ”. Two-factor authentication was rather uncommon in most gaming circles years ago, but it’s pretty much the default now.

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Turning Aspiration into Action to Protect Financial Institutions

Thales Cloud Protection & Licensing

Security professionals know adequate security requires encryption, tokenization, authentication, and access management, so why are their good intentions too often sidelined? The proliferation of cloud adoption, the advancement of open banking systems and strict data privacy regulations are just a few. Compliance v.