Remove blockchain Remove Fraud Remove Security Remove social media
article thumbnail

Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

PYMNTS

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. at the World Bank. ”

article thumbnail

Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

PYMNTS

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. It would then use the information to recommend products.

Bitcoin 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

Security 129
article thumbnail

Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence.

article thumbnail

Facebook Hires Former PayPal Employees For Blockchain Team

PYMNTS

Facebook is shoring up its secretive blockchain team with hires from PayPal, according to a report by Bloomberg , and the company might be planning to release its own type of cryptocurrency, which could be announced as soon as the next quarter. Tomer Barel, who spent almost 10 years watching risk and fraud for PayPal, was also hired.

article thumbnail

Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough

PYMNTS

The scams often impersonate legitimate companies and have fake social media accounts. In the crypto and blockchain sphere, Ripple said integrity is important — and hard to attain with the presence of so many fraudulent actors and predatory scams. More than $13 million has been lost overall due to coronavirus-related fraud.

article thumbnail

Deep Dive: How Securing Customer Onboarding Can Curb Negative Option Billing Subscription Creep

PYMNTS

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

Security 130