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Banks ask for help protecting customers from online romance scams – CNBC

The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that costs Americans billions of dollars each year: online romance fraud. Such digital crimes have skyrocketed since the pandemic, as criminals reach out to lonely Americans on social media by posing as attractive partners. “We […]

Big Bank Owes Millions of Dollars to Customers After Failing to Protect and Reimburse Victims of Fraud for Years: New York Attorney General – The Daily Hodl

New York state is suing one of the nation’s largest banks, accusing it of implementing weak security measures, deceiving customers about their rights and refusing to refund fraud victims as required by law. New York Attorney General Letitia James To tell Her office decided to sue Citibank after the bank failed to protect its customers […]

Citibank sued by NY AG for allegedly failing to protect customers from scammers

The New York State Attorney General’s Office announced Tuesday that it is suing Citibank for failing to protect customers from electronic fraud and secure refunds for victims, costing customers in the state millions of dollars. Under litigation In a lawsuit filed in federal court in Manhattan, Attorney General Letitia James alleges that Citi’s lax security […]

Citibank sued over failure to defend customers against hacks, fraud – BleepingComputer

New York Attorney General Letitia James accused Citibank of failing to protect customers from hacking and fraud and refusing to refund victims after allowing fraudsters to steal millions of dollars from their accounts. sued. The New York State Attorney General’s lawsuit against Citibank alleges that the financial institution also illegally refused to repay fraud victims, […]

Cyberattack on Mortgage Giant LoanDepot Exposes Sensitive Data of 16.6 Million Customers

LoanDepot, a leading provider in the loan and mortgage industry, has reported a significant cybersecurity breach that affected approximately 16.6 million customers. tech crunch report LoanDepot, one of the largest U.S. loans and mortgage companies, recently disclosed in a federal regulatory filing that a cyberattack that occurred on January 8 compromised the sensitive personal information […]

FTC: TurboTax maker deceived customers with ‘free’ services – The Hill

The Federal Trade Commission (FTC) ruled Monday that the maker of TurboTax deceived customers by claiming that a version of its online tax filing software for which most customers must pay was free. did. of The FTC opinion states: Intuit's TurboTax Free Edition is sold as a stripped-down version of its paid software for customers […]