INTERPOL Warns Of ‘Metacrime’ On The Metaverse – 2024

INTERPOL Warns Of ‘Metacrime’ On The Metaverse

An Insight into Crime of the Future in the Metaverse

Authors:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
•  INTERPOL

About This Article

INTERPOL’s new white paper delves into the emerging challenges of the Metaverse, highlighting the rise of ‘Metacrime.’

From grooming and radicalization to cyber-attacks targeting critical infrastructure and virtual property theft, law enforcement faces multifaceted threats in virtual realms. The paper underscores the complexities of investigating crimes where physical evidence is absent, emphasizing the need for digital forensic expertise. Yet, it also recognizes the potential for law enforcement, including advanced simulation and immersive training.

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New York State Goes After Citibank For Failing To Protect & Refund To Scam Victims – January 2024

New York State Goes After Citibank for Failing to Protect & Refund to Scam Victims

New York State Attorney General Files Lawsuit Against Citibank for Scam Victim

Author:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.

About This Article

The New York Attorney General, Letitia James, filed a lawsuit against Citibank for negligence in protecting customers from fraud, alleging that the bank failed to implement strong security measures and improperly denied reimbursement to victims.

Citi’s lax security protocols led to millions of dollars being stolen from customers, with some losing their life savings. Victims reported delayed responses to fraud claims, with Citi often leaving them on lengthy holds, allowing scammers to continue their activities. The lawsuit highlights the importance of robust security measures and swift responses to fraud reports by financial institutions.

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Scam Reimbursement Part 2 – Takeaways from UK Regulatory Actions to Combat APP Scams – 2024

Takeaways from UK Regulatory Actions to Combat APP Scams

Regulatory Actions that Reduce Scam Victim Losses

Author:
•  Ken Palla, Retired Director, MUFG Union Bank – Courtesy of BioCatch

Article Abstract

“Global Insights: Learning from UK Regulatory Measures to Combat APP Scams”

Non-UK financial institutions can glean valuable insights from the UK’s regulatory approach to combatting authorized push payment (APP) scams. Beyond the focus on reimbursement, key lessons include the importance of developing standardized scam reporting metrics, implementing controls to prevent scams, and active participation in industry associations for intelligence sharing.

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Scam Reimbursement Part 1 – UK Payment Systems Regulator Final Scam Reimbursement Model – 2024

UK Payment Systems Regulator Final Scam Reimbursement

Implementing Widespread Scam/Fraud Victim Reimbursement in the United Kingdom = A Model for the World!

Author:
•  Ken Palla, Retired Director, MUFG Union Bank – Courtesy of BioCatch

Article Abstract

“UK Payment Systems Regulator Sets Precedent with Final Scam Reimbursement Guidelines”

The UK Payment Systems Regulator (PSR) released comprehensive scam reimbursement requirements, effective October 2024, offering a global model.

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FTC: Alexa Data Abuse – 2023

FTC: Alexa Data Abuse

Author:
•  Elisa Jillson, U.S. Federal Trade Commission (FTC) – reprinted

Article Abstract

The Federal Trade Commission (FTC) underscores critical violations in Amazon and Ring’s handling of consumers’ private data, voice recordings, and video footage. Amidst AI’s burgeoning presence, the complaints highlight companies’ negligence towards customer privacy, breaching the FTC’s Biometric Policy Statement. Emphasizing the pivotal nexus of AI and privacy, the FTC urges caution in data collection, stressing the need for consumer control.

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