Page 2 - John Buzzard News Today

By Victor Omondi In January, Justin Faunce lost $500 to a scammer posing as a Wells Fargo employee, and he hoped the bank would reimburse him. Mr. Faunce had been a long-time Wells Fargo customer and right away reported the scam involving Zelle, a popular money transfer app. Even though Mr. Faunce had been duped […]

The banks say its not their problem, even though they own the system.

Zelle, the payments platform used by millions of customers, is a popular target of scammers. But banks have been reluctant to make fraud victims whole — despite owning the system.

Automation, a good criminal network and the ability to use accounts as an alias are some of the factors contributing to synthetic ID fraud, says a panel of three

BankInfoSecurity June 2, 2021 gsuparna) • May 25, 2021     John Buzzard, a fraud-fighting specialist at NICE Actimize To effectively battle against P2P payment fraud, its essential that financial institutions make sure their fraud teams and AML teams closely collaborate, says John Buzzard, a fraud-fighting specialist at NICE Actimize. In this video interview with Information Security Media Group, Buzzard also dis...

Sontiq’s resolution specialists team will deliver ‘white glove’ security resolutions

Getty Images Whether it’s fake online shopping sites, identity theft or scam artists using phone or email, fraud is on the rise, with a record 1.3 million cases in the first nine months of 2020, according to the Federal Trade Commission.  Although anyone can become a victim, FTC data show that consumers age 80 and older are far more likely to be scammed by phone and lose the most money, a median of $1,250. “Even if you do everything perfectly, you can still be susceptible to fraud,” sa...