Consumer Financial Protection Bureau – Computer Security Articles

The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

November 19, 2021 admin A Little Sunshine, bob sullivan, Consumer Financial Protection Bureau, cuna mutual insurance, ken otsuka, Latest Warnings, Web Fraud 2.0, zelle scam

Credit to Author: BrianKrebs| Date: Fri, 19 Nov 2021 21:36:30 +0000

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. Naturally, a great deal of phishing schemes that precede these bank account takeovers begin with a spoofed text message from the target’s bank warning about a suspicious Zelle transfer. What follows is a deep dive into how this increasingly clever Zelle fraud scam typically works, and what victims can do about it.

Independent Krebs

LabCorp: 7.7 Million Consumers Hit in Collections Firm Breach

June 4, 2019 admin American Medical Collection Agency, American Traffic Solutions, Consumer Financial Protection Bureau, data breaches, EZPass, LabCorp, Quest Diagnostics breach, Retrieval-Masters Credit Burea

Credit to Author: BrianKrebs| Date: Tue, 04 Jun 2019 21:45:59 +0000

Medical testing giant LabCorp. said today personal and financial data on some 7.7 million consumers were exposed by a breach at a third-party billing collections firm. That third party — the American Medical Collection Agency (AMCA) — also recently notified competing firm Quest Diagnostics that an intrusion in its payments Web site exposed personal, financial and medical data on nearly 12 million Quest patients. Just a few days ago, the news was all about how Quest had suffered a major breach. But today’s disclosure by LabCorp. suggests we are nowhere near done hearing about other companies with millions of consumers victimized because of this incident: The AMCA is a New York company with a storied history of aggressively collecting debt for a broad range of businesses, including medical labs and hospitals, direct marketers, telecom companies, and state and local traffic/toll agencies.

Independent Krebs

In a Few Days, Credit Freezes Will Be Fee-Free

September 10, 2018 admin alex holden, CFPB, Consumer Financial Protection Bureau, credit freeze, credit lock, CreditKarma, Equifax, Experian, Federal Trade Commission, FTC, Innovis, Lisa Holden, NCTUE, security freeze, Security Tools, The Coming Storm, TransUnion

Credit to Author: BrianKrebs| Date: Tue, 11 Sep 2018 02:26:06 +0000

Later this month, all of the three major consumer credit bureaus will be required to offer free credit freezes to all Americans and their dependents. Maybe you’ve been holding off freezing your credit file because your home state currently charges a fee for placing or thawing a credit freeze, or because you believe it’s just not worth the hassle. If that accurately describes your views on the matter, this post may well change your mind.