Quick analysis: Everything Up in Aug and YTD For the first time in several years, it is starting to look like the big three (TCPA, FDCPA and FCRA) may all have a year-over-year increase together. The next month or two will be more telling, but we’ll definitely keep an eye on this trend. In August, TCPA was up 20.9% over July and 4.4% over this time last year. FDCPA was up 3.5% over July and 13.1% over this time last year. And FCRA was up 4% over July and 14.8% over this time last year.
Notorious hacker “IntelBroker” is offering to sell a large amount of sensitive data from Cisco allegedly stolen from a June 2024 breach along with two fellow hackers the threat actor called “EnergyWeaponUser” and “zjj.” Cisco is reportedly investigating the breach claims after Intel Broker posted a sample of stolen data on BreachForums. “Cisco is aware of reports that an actor is alleging to have gained access to certain Cisco-related files,” a Cisco spokesperson told BleepingComputers. “We have launched an investigation to assess this claim, and our investigation is ongoing.”
On October 11, 2024, the Federal Communications Commission announced that the effective date for Telephone Consumer Protection Act (TCPA) rules on revoking consent for unwanted robocalls and robotexts is set for April 11, 2025.
The debt collection software market size has experienced significant growth in recent years. It is projected to increase from $3.75 billion in 2023 to $4.11 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the historical period include the growing integration of debt collection software with customer relationship management (CRM) systems, the heightened need to optimize collection expenses, the rising adoption of multichannel collection strategies, the demand for self-service payment options, and the widespread use of smartphones
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