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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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The FFIEC’s Origins and Purpose for Banking Industry

Centraleyes

central banking system. The Office of the Comptroller of the Currency (OCC) – Regulates and supervises national banks and federal savings associations. The Consumer Financial Protection Bureau (CFPB) – Protects consumers in the financial marketplace.

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AI Regulation in Finance: Steering the Future with Consumer Protection at the Helm

Centraleyes

The AI revolution in finance presents numerous opportunities and, simultaneously, the potential for many risks , specifically regarding consumer protection. AI is a data-hungry beast, and banks produce a staggering amount of data these days. This can put consumer financial information at risk.

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Cybercriminals Accelerate Online Scams During Ramadan and Eid Fitr

Security Affairs

Middle Eastern enterprises, facing this heightened risk, are urged to bolster consumer protection and reinforce their brand security. Notably, in the Kingdom of Saudi Arabia (KSA), consumer spending topped regional charts, exceeding $16 billion.

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12 Online Resolutions for 2021

Adam Levin

It’s not worth the risk. Check your financial accounts and credit reports: With news of e-skimming malware stealing payment card information (on the seller’s side of things) and regular data breaches and leaks, it’s more important than ever to monitor your bank and credit card statements in 2021.

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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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