Newsletter: September 2020 – Customer Stored Profiles

Everyday criminals are coming up with new inventive ways to defraud individuals, organizations, and businesses across the world. Exploiting vulnerabilities are a way of life for most of them and are now going above and beyond the normal fraud that is committed. Banks and lending institutions need to be even more diligent with protecting themselves and their consumers from these new fraud techniques. This new fraud centers around online shopping that would seem to be legitimate. They then take it one step further to work on thee motions of most shoppers by selling under the guise of personal protective equipment but never delivering goods, only collecting consumers personal information and payments.