How Consumers Justify Friendly Fraud
Friendly fraud results in losses to retailers of more than $100 billion a year. However, most people who commit this crime feel justified in their actions. According to data from Socure, more than half of respondents who engaged in friendly fraud over the recent holiday season cited financial struggles—such as rising interest rates and inflation—as […]
UK Mulls Ransom Payments Ban Amid Surge in Ransomware Incidents
The UK’s Home Office is considering regulations that would ban many of the country’s critical organizations from making payments to criminals in the event of a ransomware attack. The proposed rules would make it a criminal offense for public entities like schools, city councils, and healthcare providers to make payments to cybercriminals who are holding […]
Why the U.S. Needs to Strengthen Crypto Regulations
Familiarity with and ownership of cryptocurrency are on the rise. Research indicates that 40% of U.S. adults now own crypto. This growing demand is likely driven by consumers looking to find alternative investment opportunities that offer potential higher returns than traditional banking. Additionally, there’s a widespread belief that blockchain-based technologies represent the future, encouraging many […]