PYMNTS

NOVEMBER 2, 2018

1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm. The audit covered the period of July 1, 2014 to Dec. News came Thursday (Nov. A Bit Of Victory.

Fraud 168

Fraud Company Massachusetts United States 168

PYMNTS

JANUARY 25, 2019

Corporate fraud – from within the company, and from without – continues to make headlines and headway, with the past week having seen some revisits on stories from even a few years back. Steve Barber, AA audit committee chair, said that in cases like those seen at the cake firm, such activity would be hard to find.

Fraud 129

Fraud Report Strategy Company 129

PYMNTS

FEBRUARY 21, 2020

The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000. It also set up an artificial floor for bids and permitted taxicab brokers and large owners to “bid up” medallion prices.

Fraud 223

Fraud New York City New York Taxes 223

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. “We the ATM has been under siege, as cyberthieves have targeted the machines, up threefold since 2014. billion yen ($252 million).

ATM 100

ATM Fraud Mobile Regional 100

PYMNTS

FEBRUARY 2, 2017

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. According to the research, during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud.

Fraud 100

Fraud Strategy Cards Security 100

PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. Meng used a Hong Kong company known as Skycom Tech to do business with telecom companies based in Iran from 2009 to 2014. Meng’s presentation was an act of fraud. On Friday (Dec. Officials claim that Ms. In 2016, U.S.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

DECEMBER 7, 2018

Serious Fraud Office (SFO) unsuccessfully attempted to have Judge Sir John Royce’s decision overturned. Tesco acknowledged in the autumn of 2014 that it overstated profits, the BBC said. “And it’s the Serious Fraud Office that is under the spotlight for its handling of this case.”

Fraud 108

Fraud Regulation Report National 108

PYMNTS

MAY 25, 2016

Radial , an omnichannel and fraud solutions provider, is promising to take away merchant woes with a suite of solutions, which it says improves order conversion rates and helps eliminate fraud. 2015, online fraud is forecast to explode from an estimated $3.1 With the introduction of EMV chip technology in Oct.

Fraud 109

Fraud Taxes Retail Tools 109

PYMNTS

NOVEMBER 13, 2020

The SEC claims that Tolstedt publicly discussed and endorsed Wells Fargo’s “cross-sell metric” as a way of keeping track of the bank's financial success from mid-2014 to mid-2016.

Fraud 230

Fraud California Community Bank Security 230

Gonzobanker

DECEMBER 22, 2014

It’s time for the 2014 GonzoBanker Awards! And won’t address the biggest area of fraud growth, which is card-not-present. Last year, we gave Salesforce the Big Buzz award and it moved well beyond that in 2014. It’s hard for us to recall a conversation about lead/pipeline management in 2014 where Salesforce’s name didn’t come up.

Los Angeles 101

Los Angeles Apple Risk Management California 101

PYMNTS

JANUARY 17, 2017

German and Israeli anti-fraud technology startup Fraugster is working to make fraud detection smarter. Founded in 2014, Fraugster has developed artificial intelligence technology that the company uses to help detect and eliminate payment fraud.

Fraud 100

Fraud Technology Data Capital 100

PYMNTS

MARCH 1, 2019

He served jail time in connection with fraud and conspiracy, centered on accounting tricks that were partly used to cover financial losses. The Enron fraud resulted in estimated losses in the tens of billions of dollars, and relied in part on mark-to-market accounting, which inflated asset values. Founder and Chairman Kenneth L.

Fraud 108

Fraud Payments Report New York 108

PYMNTS

MAY 16, 2016

The search for the Bangladesh cyberheist fraudsters has taken an interesting turn with new research indicating the involvement of the same hackers behind the 2014 hack on Sony Pictures. “The implementation of this function is very unique.

System 100

System Security Analysis Tools 100

PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. Companies appear to be overconfident in their ability to avoid fraud.

Fraud 118

Fraud Survey Payments System 118

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

Fraud 120

Fraud Retail Cards National 120

PYMNTS

APRIL 5, 2017

Paygilant, the frictionless mobile payments fraud detection company, announced Tuesday (April 4) it was able to show how Citi was able to reduce operational costs associated with mobile wallet transactions. With mobile wallet transactions worldwide expected to exceed $1.5 This is extremely valuable to Citi,” he said.

Fraud 101

Fraud Operations Tools Mobile 101

PYMNTS

JUNE 14, 2016

Recognizing that problem for station owner/operators, in 2014, Visa introduced the Visa Transaction Advisor (VTA) to help these retailers fight back, especially given the anticipated lag in equipping fuel pumps with EMV readers. As a result of that pilot, there was a 23 percent reduction in fraud.

Fraud 100

Fraud Operations Cards Analytics 100

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent. In the U.K.,

Fraud 101

Fraud Payments Data Cards 101

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

MARCH 30, 2016

TSYS’ ProPay has paired up with InfoTrax to help direct selling companies battle fraudsters by integrating ProPay’s Guardian CyberShield fraud detection and protection service into its DataTrax back-office software. It is also used to prevent account takeover, payment fraud, identity spoofing, malware and data breaches.

Fraud 100

Fraud Company Software Tools 100

PYMNTS

JUNE 21, 2019

In 2014, the company dealt with something similar with its payment processing systems. How To Build A High Performing Platform Payments Fraud Team. For digital platforms, fraud represents a two-headed beast. Target Says Weekend Outage Due To NCR Glitch. What the Launch of Facebook’s Libra Means For Payments.

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

JULY 11, 2016

Late last week, The Register reported that 105 suspects of credit card fraud were arrested in Asia and Europe after a cybercrime ring was busted by authorities. The investigation spanned two continents and targeted the fraud gang, which was led out of Malaysia and eventually reached 14 countries in Europe.

Fraud 100

Fraud Cards ATM Groups 100

PYMNTS

NOVEMBER 3, 2020

Aleksandr Brovko, 36, formerly of the Czech Republic, pleaded guilty in February to conspiracy to commit bank and wire fraud. In the March Digital Fraud Tracker, PYMNTS explores how artificial intelligence and machine learning could help stem the surge in security breaches. The sentence was handed down by Senior U.S.

Virginia 260

Virginia United States Fraud Course 260

PYMNTS

DECEMBER 21, 2020

Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. Bolt deals with fraud reduction through detecting mouse pointer locations, typing speed and accuracy, copying and pasting behavior, and other data surrounding browsing, cart and checkout. Data from the IBM U.S. billion, the report says.

San Francisco 245

San Francisco Innovation Fraud Capital 245

PYMNTS

MARCH 31, 2016

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. Fraudsters have been able to stay one step ahead,” said Karen Webster, CEO of PYMNTS.com.

Fraud 100

Fraud Online Resources Survey 100

PYMNTS

AUGUST 3, 2017

Back in 2004, fraud was on the rise globally. Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few.

Fraud 123

Fraud Payments Security Data 123

PYMNTS

FEBRUARY 10, 2017

While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud. Identity Fraud On The Rise. What’s more, the amount the bad guys stole rose by close to $1 billion to $16 billion. to the same degree as other countries,” he noted. “A

Fraud 100

Fraud Cards ATM Trends 100

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

NOVEMBER 16, 2016

Unless it’s fraud you are talking about. At the end of 2014, the average U.S. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of this year. Fraud attempts show that $7.30 The data is sobering.

Fraud 100

Fraud Retail Online Data 100

Payments Dive

FEBRUARY 23, 2016

The data is based on hundreds of millions of transactions from global retailers during the 2014 and 2015 holiday shopping seasons.

Report 150

Report Fraud Retail Data 150

Abrigo

JANUARY 30, 2023

sales volume averaged nearly 14 percent between 2014 and 2018. Red flags How banks are poised to help stop sanctions evasion According to FinCEN, foreign investment in CRE surged to $72.6 billion in 2021, nearly doubling the previous year’s figure. Foreign investment as a share of total U.S. as a safe haven for investment.

Marketing 195

Marketing Fraud Compliance Training 195

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. The culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014 with advisory FIN-2014-A007. Fraud Prevention.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

SEPTEMBER 9, 2016

PYMNTS recently spoke with Luis Rojas, vice president of product management for Guardian Analytics , an online banking security firm, about the effect of a faster processing environment, the potential for increased fraud and how to mitigate that risk. The Mountain View, Calif.-based People are bracing for a similar spike here,” he added.

Fraud 100

Fraud Analytics Data Payments 100

NCR

SEPTEMBER 15, 2017

While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. Where it is prevalent, EMV has proven to be a highly effective method of preventing card-present/counterfeit card fraud. The shift to e-commerce CNP fraud.

Fraud 84

Fraud Cards Security US 84

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

Fraud 148

Fraud Security Resources Survey 148

PYMNTS

JANUARY 27, 2020

The same report found that the total cost of a data breach had risen 12 percent since 2014. Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. million in 2019 — a 1.5

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Capital 268

Capital New Jersey Groups New York 268