FTC on ID theft’s biggest threat, Hackers co-opt computers to mine bitcoin, Is Facebook too big to govern?

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October 30, 2017

Digital Identity Theft

The FTC On Identity Fraud’s Biggest Threat
 

And we thought account takeovers were bad. The FTC’s identity theft program manager, John Krebs, told Karen Webster in a recent digital discussion that identity theft — now fueled by the Equifax hack — is creating even bigger problems. New account fraud is at all-time high — and a hard knot for consumers to untangle once made. Here’s why, and what the industry needs to do about it.

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PYMNTS Topic TBD

Millennials 'Feather' Their Nest With Furniture Subscriptions
 

Millennials move often — between jobs, locales and apartments. They’re used to flexibility when it comes to all manner of goods and services — from renting textbooks to a ride in someone else’s car. So, why should quality furniture should be any different? That’s what Feather’s CEO, Jay Reno, describes as the latest trend as millennials feather their transient nests, in this week’s Topic TBD.
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Cryptocurrency

PYMNTS Talk Back: The Bitcoin Breakdown
 

Well, when you say bitcoin is the financial services equivalent of the emperor with no clothes, it’s inevitable that you’ll get a rise out of people. Boy, did we. Some people thanked us for being gutsy and saying it out loud, others thought that we were sort of right, while others questioned our parentage and literacy, calling us idiots. But, hey, it pays to read the comments — how else would we know that Microsoft will soon be dropping a cryptocurrency “stunner” on us all?

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Platform Governance

Facebook: Too Big To Govern?
 

Facebook will make another trip to Capitol Hill tomorrow to answer lawmakers’ questions about its role in letting the Russians use its platform to spread fake news and influence the outcome of the 2016 U.S. presidential election. Karen Webster says that the general issue of fake news and fake accounts on social media isn’t all that new — but does raise some interesting concerns now regarding platform governance. For one, what happens when platform owners fail to balance the need to make money, the interests of their investors and the needs of their key stakeholders? And when regulators move in to fill the void?

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