PYMNTS

DECEMBER 12, 2019

Shopin planned to use the funds to compile profiles on shoppers that would be maintained on the blockchain and track purchase histories across online retailers. The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s FinTech unicorn Square. .

Bitcoin 131

Bitcoin Fraud Regulation social media 131

Bank Innovation

JUNE 2, 2017

Venmo not accepted,” future online sale ads might read, at least for this recent victim of fraud on the reigning “killer” P2P payment app. “Accepting payments in cash or crypto only.

Bitcoin 270

Bitcoin Fraud Online Payments 270

PYMNTS

AUGUST 19, 2019

Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We Fraud that was in turn prevented by the unit amounted to as much as $8.2

Fraud 180

Fraud Delaware Maryland social media 180

Chris Skinner

MARCH 1, 2020

Things we’re reading today include … Nationwide leads race for £1.9bn Sainsbury’s Bank deal Lloyds Bank faces fresh police inquiry over fraud claims Bank of England passed ‘misuse’ firm for due diligence three times ‘Swindled with bitcoin’: Australian victims count cost of online finance scam The rise and dramatic (..)

Bitcoin 294

Bitcoin Fraud Online 294

PYMNTS

NOVEMBER 13, 2018

According to a report in The Next Web , scammers tweeted out links to scam giveaways that encourage users to send small amounts of cryptocurrency to have a chance at winning more than $31 million worth of bitcoin. Earlier in November, several European online retailers were victims of a similar attack, noted the report.

Bitcoin 180

Bitcoin cryptocurrency Retail Report 180

PYMNTS

MAY 18, 2018

Bitcoin buyers beware: A new report in The Wall Street Journal has found hundreds of tech firms are using deceptive or fraudulent tactics to attract investors. One example used was the case of “Jeremy Boker,” who is listed as a co-founder of Denaro, an online-payment project that claimed to have raised $8.3

Bitcoin 102

Bitcoin Fraud Examples Security 102

PYMNTS

JULY 14, 2019

Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

blockchain 140

blockchain Bitcoin Fraud social media 140

PYMNTS

NOVEMBER 16, 2020

Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud.

Fraud 178

Fraud US Mobile Las Vegas 178

PYMNTS

APRIL 10, 2019

In other bitcoin news, two men in Singapore were arrested on charges that they promoted OneCoin, a multi-billion dollar cryptocurrency pyramid scheme. In New Haven, a bitcoin phisher was sentenced to a year in prison for a dark web scheme to rob people of cryptocurrency, according to reports.

Bitcoin 116

Bitcoin New York cryptocurrency United States 116

PYMNTS

JULY 27, 2017

Once bank accounts or credit cards are hacked, either online or at big box stores, trust in the payment processing system can dwindle — and that trust can become difficult to build back up. When it comes to making purchases online, there are so many options available. Although most U.S. Although most U.S.

Bitcoin 124

Bitcoin Security cryptocurrency social media 124

PYMNTS

AUGUST 19, 2019

Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin. This latest report follows recent warnings by government authorities and organizations about an increase in Islamist terrorist organizations using bitcoin and other digital coins to raise funds.

Bitcoin 150

Bitcoin Groups Video New York 150

PYMNTS

MARCH 23, 2018

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. Bitcoin was trading at $8,505.18 The new service will include blockchain tools for developers of a wide range of apps that serve a variety of needs, from supply chain data tracking to insurance fraud prevention. as of 4:24 a.m., according to CoinDesk.

Bitcoin 116

Bitcoin cryptocurrency blockchain Report 116

PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. In addition, the SEC alleges Montroll and the exchange failed to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

OCTOBER 26, 2020

million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue. On P2P marketplace Paxful , traders are selling up to $16.2

Bitcoin 169

Bitcoin cryptocurrency blockchain Video 169

PYMNTS

FEBRUARY 28, 2020

Cloud-based platforms are particularly juicy targets for digital fraud. File hosting service Dropbox is devoting substantial efforts to its fraud prevention measures, seeking to protect its more than 600 million users — who have 400 billon stored files, and upload 1.2 billion files each day. Dropbox Versus Hackers.

Fraud 130

Fraud Training Security Data 130

PYMNTS

APRIL 21, 2020

Ripple said it wants to protect its customers from disingenuous online giveaways and impersonations pretending to be from the company. The giveaways, Ripple explained, constitute fraudulent online contests where people are told if they send money, they could get more in return, usually through airdrop.

social media 240

social media Fraud cryptocurrency blockchain 240

PYMNTS

OCTOBER 30, 2017

What’s more, the report quoted Ji as saying that China is aiming to enhance its regulations for all online financing businesses, and that all of the financing activity should at the very least be subjected to a basic amount of oversight. Bitcoin started the year at around $1,000 and is now trading at over $6,000.

Online 100

Online Bitcoin Regulation cryptocurrency 100

PYMNTS

MAY 15, 2019

There’s an email scam going around that involves scammers claiming to have webcam footage of people watching porn, with threats to release the info if not paid a hefty ransom in bitcoin, according to a report by Fortune. On average, a payout equals $593.56, which comes out to 0.073 bitcoin.

Bitcoin 147

Bitcoin Training Video cryptocurrency 147

PYMNTS

JUNE 29, 2016

Russell Moore, Director of Innovation at TSYS , agrees that it’s been misused in a myriad of ways, but feels that bitcoin and other cryptocurrencies offer merchants the chance to view payment processing in a new way. PYMNTS: What is the biggest misconception about bitcoin and digital currencies in terms of the payments processing perspective?

Bitcoin 123

Bitcoin cryptocurrency blockchain Innovation 123

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. He attempted to conceal the evidence in part by using a bitcoin “mixing” service. . million in bitcoin.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

JUNE 23, 2019

A new survey has found that 19 percent of bitcoin traders have been the victim of a hack on cryptocurrency exchanges, while 15 percent of consumers have been hit with crypto fraud.

Bitcoin 139

Bitcoin cryptocurrency Security Fraud 139

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Bitcoin is like a [crypto] 101 version.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

MAY 12, 2019

In recent weeks the price of bitcoin has been increasing. That was 70 percent of all the fraud in 2018, reported Reuters, citing CipherTrace. They were then able to reset passwords and then access his online accounts. Reuters noted that losses from the theft of cryptocurrency have increased to $1.2

Fraud 116

Fraud US cryptocurrency California 116

PYMNTS

JUNE 23, 2019

A new survey has found that 19 percent of bitcoin traders have been the victim of a hack on cryptocurrency exchanges, while 15 percent of consumers have been hit with crypto fraud.

Bitcoin 129

Bitcoin cryptocurrency Security Fraud 129

PYMNTS

NOVEMBER 15, 2018

Today’s coverage includes the latest way Instagram wants to appeal to online shoppers, along with fresh data about how fraudsters might attack on Thanksgiving Day. Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day. Data: Thanksgiving Day Will See Peak Fraud Attempts.

Bitcoin 185

Bitcoin Fraud America National 185

PYMNTS

JANUARY 19, 2021

CoinDCX Go users will be able to trade small amounts of 14 of the largest digital coins, including bitcoin, ether and binance coin, according to CoinDesk. Believing he was interested in another transaction, she transferred $448,700 in digital money to his online wallet in exchange for the equivalent in cash.

Bitcoin 144

Bitcoin Google cryptocurrency Innovation 144

PYMNTS

SEPTEMBER 28, 2018

For years, law enforcement has feared that bitcoin could make money laundering easier. And now, in a new analysis of 2,500 suspected crypto crimes that made use of bitcoin and Ethereum, The Wall Street Journal claimed that nearly $90 million worth of reportedly criminal proceeds have gone through crypto intermediaries in a two-year period.

Analysis 190

Analysis Bitcoin Fraud New York 190

PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., The price of bitcoin reached $607.31

Bitcoin 100

Bitcoin cryptocurrency Cards Community 100

PYMNTS

APRIL 10, 2017

Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Japan Gives Bitcoin a Big Thumbs Up. at the hands of the SEC, bitcoin world was looking for some good news. Yes, we checked.

Bitcoin 108

Bitcoin Data ATM New Jersey 108

PYMNTS

OCTOBER 30, 2017

Whether it was a bit of prescience – or perhaps a bit of prompting – we had a feeling that we might hear from the ecosystem after Karen Webster’s argument for just saying bye-bye to bitcoin. Bitcoin has only two proven use cases after eight years: criminal activity and speculation. “Few people speak out. How right she was.

Bitcoin 128

Bitcoin cryptocurrency blockchain US 128

PYMNTS

JUNE 7, 2016

BitGo , the online platform that has said it is among the most secure bitcoin wallets, was hit Saturday (June 4) with a massive DDoS attack. The firm has said that its platform helps eliminate the wait for bitcoin transactions to be settled, touting its near-instant completion of transactions.

Bitcoin 100

Bitcoin Security Management Online 100

PYMNTS

NOVEMBER 28, 2019

And a hacking group has been mass-scanning the internet looking for Docker platforms that have application programming interface (API) endpoints exposed online.

Bitcoin 176

Bitcoin Community Groups Innovation 176

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Studies abound on the impact of payments fraud, said Volmar. percent of fraud?”. It’s unlivable.

Security 101

Security Online blockchain Fraud 101

PYMNTS

OCTOBER 23, 2017

A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. The bitcoin exchange, Coin.mx , was linked to JPMorgan’s 2014 data breach , in which the account information of more than 83 million customers was compromised.

Florida 100

Florida Bitcoin New Jersey Software 100

PYMNTS

NOVEMBER 14, 2016

prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. Hill is linked to an illegal bitcoin exchange owned by a person in Israel that is accused of hacks on JPMorgan Chase. The records of more than 83 million accounts were compromised in that incident. Prosecutors contend Coin.mx

Florida 100

Florida Bitcoin Course Operations 100

PYMNTS

JULY 2, 2020

Zhao has a prominent status among the community, and rumors online began to circulate. According to RenrenBit, Zhao has been released and is now assisting police in investigations on anti-fraud and anti-money laundering issues, CoinDesk reported.

blockchain 131

blockchain Report Bitcoin cryptocurrency 131