Decision-makers from payments businesses across the UK have identified Authorised Push Payment (APP) fraud as the top threat to both their businesses and consumers. This is according to the first findings of an in-depth financial crime survey by The Payments Association, which champions innovation and collaboration across the industry, due for full publication later this month.

APP Scams Are the Most Dangerous Type of Fraud, According to The Payments Association Report

New TotallyMoney research found that 23.3 million adults are now locked out of accessing mainstream financial products, which is driving growth in unregulated and illegal money lending:. 23.3 million adults are unable to access mainstream financial products (under-served), including credit cards and loans — an increase of 3.14 million (15.5%)...

TotallyMoney Warns 23.3 Million Adults May Now Be Locked Out of Accessing Mainstream Financial Products and Services

New York Post

Apple has released new guidance for iPhone users amid an alarming uptick in deceptive phishing scams.

The ploys occur when hackers “use sophisticated tactics to persuade you to hand over personal details,” according to the tech giant. 

Typically, scams come under the guise of emails imitating real companies, fake popup ads, and convincing phone calls known as “spoofing.”



The latter typically appears to be from a believable phone number and may falsely warn, for example, that your iCloud has been hacked and needs to be urgently resolved. In most cases, you will ultimately be sent to a phony website to share passwords...

Apple warns users to take these steps amid alarming uptick in phishing cyberattacks

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

PYMNTS

As aggregators compete to win the spending of financially struggling consumers, more players in the space are expanding their acceptance of Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payments. Target-owned same-day delivery aggregator Shipt, for instance, recently said it has begun accepting these benefits on its marketplace, reaching...

Aggregators Expand SNAP EBT Acceptance to Woo Paycheck-to-Paycheck Shoppers

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Three major retail banks in Singapore are slated to retire the use of one-time passwords (OTPs) for customers who have digital tokens, in a move that aims to combat phishing scams. To be phased out within the next three months, OTPs will remain available to customers of the three banks...

These banks to retire one-time passwords for customers with digital tokens

A new study by the University of Portsmouth has revealed that older adults in the UK, particularly those over the age of 75, are experiencing an unprecedented number of attempted telephone frauds. The research is published in the journal International Review of Victimology. Conducted over 18 months with nearly 2,000...

New study highlights the alarming rise of telephone fraud targeting older adults in the UK

New Jersey State

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Washington, PA

Poshmark alleged data privacy violations: Who’s affected?. If you made purchases from the popular consumer retail site www.poshmark.com and reside in California, Washington, Pennsylvania, Florida or Massachusetts, you may be eligible to participate in a data privacy investigation. Please complete the form on this page to learn more. Online...

Poshmark data privacy investigation

Bryce Gruber

The color yellow is gorgeous, eye-catching, and downright happy for most people. So much so that it's the main hue in the world-famous happy face—but science says it's not the best color to wear on a date.

You Shouldn't Wear Yellow on First Dates, Here's Why

Anika Jindal

Affluent people can splurge their money on the most luxurious possessions and lifestyles. However, most rich people are wise with money, refrain from making unnecessary purchases, and instead put their money to profitable use. Check out the list of 12 such things.

12 Things People Who Are Good With Money Will Never Spend On

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Bacon County, GA

Daily Coffee Press

On Monday, a search at a Bacon County home by investigators resulted in the discovery of a large quantity of illegal drugs, including methamphetamine and cocaine. However, the suspects are currently not in custody.

Drug Bust Uncovers Methamphetamine and Cocaine in Bacon County Residence

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Singapore has set in motion an aggressive plan to retire one-time passwords (OTPs) for its retail banking customers within the next three months. The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) said the new authentication process will employ digital tokens in lieu of passwords as a better way to protect against phishing attacks aimed at stealing customer banking credentials. Banking customers will use digital tokens on their mobile devices to authenticate to their accounts on mobile apps and on the banks' websites.

Singapore Banks Ditch One-Time Passwords

The pandemic caused many massive changes in the real estate industry. The one discussed most often is the shift to remote work and its impact on the office market. Another significant change that’s talked about less is the surge of multifamily rental fraud. Multifamily managers have increasingly shifted to online applications, widening the playfield for disreputable applicants who use more sophisticated fraud techniques. Meanwhile, many property managers are still using outdated fraud detection techniques that aren’t working.

Tech is Helping Detect Sophisticated Rental Fraud Schemes

AT&T Corp. disclosed today that a new data breach has exposed phone call and text message records for roughly 110 million people — nearly all of its customers. AT&T said it delayed disclosing the incident in response to “national security and public safety concerns,” noting that some of the records included data that could be used to determine where a call was made or text message sent. AT&T also acknowledged the customer records were exposed in a cloud database that was protected only by a username and password (no multi-factor authentication needed).

Crooks Steal Phone, SMS Records for Nearly All AT&T Customers

NewsBreak

Three in Ten Adults Have Been a Victim of Financial Fraud; Spurring Industry to Continue Investment to Protect Consumers

As fraud rates continue to rise, nearly all adults in the UK (94%) now say they are taking additional steps to avoid falling victim to scams,...

Three in Ten Adults Have Been a Victim of Financial Fraud; Spurring Industry to Continue Investment to Protect Consumers

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