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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.

Scams 361
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Customer Tracking at Ralphs Grocery Store

Schneier on Security

It says Ralphs may pry into "financial and payment information like your bank account, credit and debit card numbers, and your credit history.". More consumer protection laws will be required. Wait, it gets even better. The reaction from John Votava, a Ralphs spokesman: "I can understand why it raises eyebrows," he said.

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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. Does the FFIEC regulate credit unions?

Banking 52
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Non-Bank Financial Firms Are to Report Breaches in Less Than 30 Days

Heimadal Security

Federal Trade Commission (FTC) requires all non-banking financial institutions to report data breaches to FTC within 30 days. The amendment to the Safeguard Rule refers to security incidents that impact more than 500 people.

Banking 105
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8 Ways to Protect Yourself against Scams on Black Friday and Cyber Monday

Adam Levin

Scammers who use “phishing” emails (it looks like it’s from a brand you know, but it’s not) will include a link to a fake website where they’ll ask for your banking or other personal information. Credit cards come with consumer protections that limit your liability if your card information is stolen. Be wary of “free” offers.

Scams 239
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Major Banks Under Fire for Refusing Reimbursements to Victims of Online Payment Scams

Identity IQ

Major Banks Under Fire for Refusing Reimbursements to Victims of Online Payment Scams IdentityIQ Major U.S. banks, including JPMorgan Chase, Wells Fargo, and Bank of America, have come under intense scrutiny for their response to online payment scams. Key Takeaways Major U.S.

Scams 96