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02/06/2023
How Zelle Scams Work and How to Protect Against Them
Make Use of
Zelle makes sending money to friends, family members, and selected small businesses easy and convenient.
02/06/2023
Why Russia's cyber-attacks have fallen flat
Mint - The Economist
Wars are testbeds for new technology. The Korean war saw jet fighters employed at scale for the first time. Israel pioneered the use of drones as radar decoys in its war with Egypt in 1973.
02/06/2023
FedNow Says Features Will Help FIs ‘Raise the Bar’ on Fraud Management
PYMNTS
The Federal Reserve’s FedNowsm Service, a new instant payments infrastructure for the nation’s financial institutions (FIs), is expected to catalyze broad access to instant payments for consumers and businesses. When it launches later this year, the 24/7 service will come equipped to support popular use cases such as account-to-account (A2A) transfers and bill pay, in addition to features that help mitigate fraud.
02/06/2023
Emergency Relief Funds: Significant Improvements Are Needed to Address Fraud and Improper Payments
U.S. Government Accountability Office
The federal government distributed funds quickly during the COVID-19 pandemic. This led to an increase in fraud and other "improper payments"—payments that shouldn't have been made or were made in the incorrect amount. The extent of fraud in COVID-relief programs is not yet known but our estimate suggests that one program, Unemployment Insurance, made over $60 billion in fraudulent payments.
