The newly released 2014 ACI Global Fraud Survey (links at bottom) paints a dramatic picture of the global debit/credit card fraud picture – raising a litany of concerns for consumers and financial institutions. Trust? In line with the study’s name and the different behavioral and fraud levels around the world, trust remains a huge issue regarding consumers’ trust of financial […]
Tag: Fraud
2 Million Online Fraud Complaints – And Growing…
A dubious milestone was recently reached at the Internet Crime Complaint Center (IC3). IC3, which sounds like an arthritis and sore muscle liniment, was formerly known as the Internet Fraud Complaint Center, and is a U.S. governmental partnership between the National White Collar Crime Center, FBI, and Bureau of Justice Assistance. Sadly, however, November 9, 2010 […]
Amendment to the Electronic Fund Transfer Act Would Shift Risk of Loss to Banks
Just a step below widows and orphans on the sympathy scale, at least when it comes to ripoffs and theft, sit school districts, boards and local municipalities. And in a era of tight budgets, when school districts are robbed of tax monies from halfway around the world via ACH/wire fraud, state and federal politicians take […]
