PYMNTS

APRIL 10, 2019

authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation. The fraud, which resulted in more than $1.2 Medicare’s anti-fraud unit announced that it took adverse administrative action against 130 DME companies that submitted over $1.7

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PYMNTS

AUGUST 26, 2019

As reported, many of those indicted are Nigerian nationals. Attorney’s Office for the Central District of California. District financial department staff, according to reports, will now attend mandatory fraud prevention training before being allowed to authorize any payments, said the site. Late this past week, on Thursday (Aug.

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PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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PYMNTS

MARCH 2, 2020

The February 2020 The Credit Union Tracker ® notes that many CUs already utilize the Automated Cybersecurity Examination Tool provided by the National Credit Union Administration ( NCUA ). That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA).

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California Fraud Pennsylvania Community 130

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In terms of legislation, Senn said NASAA supports the “Senior Investor Pandemic and Fraud Protection Act” and the “COVID-19 Restitution Assistance Fund for Victims of Securities Violations Act.”.

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US Cyber Security Security National 227

PYMNTS

AUGUST 12, 2020

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Last week, SocialCatfish.com , an identity verification nonprofit, reported U.S.

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PYMNTS

JANUARY 13, 2020

in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. Among those not tuning it out is the National Retail Federation (NRF), which has complained about the EMV-PIN weakness and the liability issues it creates for NRF members.

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Trends Fraud Cards National 136

PYMNTS

JANUARY 12, 2021

In California, state and local police last month broke up a ring that allegedly used fake coupons to get merchandise for free or reduced prices, then brazenly resold the items at a Sacramento storefront. He said the problem also includes things like complex returns fraud, cyber frauds, near-perfect counterfeiting and more.

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Retail Florida San Francisco Sacramento 226

PYMNTS

AUGUST 22, 2019

Justice Department has announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs, as reported on Thursday (Aug. Attorney’s Office for the Central District of California, told the news outlet.

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Los Angeles Fraud United States National 113

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. Companies in California and throughout the nation are entrusted with customers’ valuable private information. 26) that they have reached a settlement with Uber Technologies Inc.,

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

DECEMBER 14, 2020

Justice Department, National Security Agency and the White House. We have been advised this attack was likely conducted by an outside nation state and intended to be a narrow, extremely targeted and manually-executed attack, as opposed to a broad, system-wide attack,” SolarWinds’ statement said. military, along with the U.S.

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Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Comprehensive data privacy laws remain a hot topic for state legislatures, with a number of states following California’s lead and passing their own version of the California Consumer Privacy Act.

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PYMNTS

MARCH 30, 2020

One example can be seen in setting up fraud alerts, which can be sent proactively to the member in case of a suspicious transaction. As more fraud shifts from card-present to card-not-present commerce, it’s been imperative to thwart attempts to impersonate consumers and assume control of their accounts.

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Tools Fraud Data Security 143

PYMNTS

DECEMBER 18, 2020

military, along with the Justice Department, National Security Agency and the White House — said it was aware of the attacks and had told clients to update their security software as soon as they could. In addition to this latest attack, another also recently happened involving the California cybersecurity firm Fire Eye, less than a week ago.

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Report Software Security California 218

PYMNTS

AUGUST 27, 2019

The American Bankers Association (ABA) implored the National Credit Union Association (NCUA) to withdraw a proposal that would allow federal CUs to have 50 percent of their deposits come from other CUs and government entities, boosting the current 20 percent cap. How California Coast Credit Union is Transforming in the Digital Age.

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Data Report Los Angeles California 122

PYMNTS

JULY 28, 2017

In the spring, a massive cyberattack hit everything from the United Kingdom’s National Health Service, European automakers, Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries. National Security Agency, and that there was more than 126,000 cases of fraud.

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San Diego Fraud National Google 101

PYMNTS

JUNE 15, 2018

After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court to settle a class action suit. Wells Fargo announced in May that it had agreed to pay $480 million to settle a securities fraud class-action suit. To claim funds, customers have until July 7.

California 109

California Fraud National Security 109

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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Bitcoin Regulation blockchain Delaware 132

PYMNTS

FEBRUARY 20, 2020

California-based robotics firm Nuro has been the first to get permission from the Feds to test self-driving cars … so buckle up. Along with that come the same security and fraud concerns that attended the 4G/LTE world. Smart Cities and 5G Threats. Brave New World of 5G. It’s a technology with the power to transform the way we live.

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Leadership Technology Security California 237

PYMNTS

MARCH 19, 2020

One California police department recently warned its residents on Twitter about the malicious scam. The National Institute of Health on Monday (March 16) said that it was beginning a clinical trial of a vaccine in Seattle. Anyone receiving such a call should not under any circumstances give the caller any personal information or money.

Ohio 187

Ohio Seattle Payments California 187

Independent Banker

OCTOBER 1, 2022

There’s also been significant changes to cyber insurance, including increases in premiums and deductibles,” says Anna Kooi, national financial services leader in the Chicago office of Wipfli LLP. The California Privacy Rights Act ripple effect. Tom Tollerton, Forvis LLP. Effective Jan. Effective Jan. Tom Tollerton.

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Data How To Community Bank California 91

PYMNTS

OCTOBER 28, 2019

Disney is offering mobile concession ordering at its California and Florida amusement parks, and several universities are introducing similar options at their on-campus dining halls. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States.

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Mobile San Jose California Iowa 101

PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The total raised to date comes in at $70 million.

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Policies California United States Management 191

PYMNTS

OCTOBER 23, 2018

This new system would offer improved access to identity verification information, which could be used by businesses and the government to authenticate transactions and prevent fraud or cyberattacks. The country’s government recently announced a partnership with California-based firm Everest Technologies.

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Trends blockchain California Security 134

PYMNTS

MARCH 7, 2019

Among the most recent support for that point is a fresh push in California among lawmakers to make their strictest-in-the-nation data privacy law even tougher. The hearing took place at a time of increasing scrutiny for online privacy and security.

Data 177

Data Security National Online 177

PYMNTS

NOVEMBER 25, 2019

Mazie Hirono of Hawaii and Dan Sullivan of Alaska entered the bill into consideration earlier this month, and several CU organizations — including the Hawaii and Alaska Credit Union Leagues as well as the Credit Union National Association (CUNA) — have so far praised it. A California Credit Union Keeps its Marketing Efforts Trusted and SAFE.

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Alaska Hawaii California Analytics 154

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. million in Q2 of this year alone, with the value of loans held by credit unions now almost at $885 billion.

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Report Innovation Regulation National 114

PYMNTS

SEPTEMBER 30, 2020

MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

Regulation 175

Regulation Data Regional Examples 175

CFPB Monitor

MARCH 12, 2019

Credit card fraud was the most common type of identity theft report. Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. Georgia, Nevada, California, Florida, and Texas had the highest identity theft reports per capita. declined by 24% from 2017.

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Nevada Georgia Florida Delaware 74

PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States. Blockchain may be shaping up to be a topic left to individual states to handle.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

JULY 5, 2018

Regulators around the world continue to seek breathing room, asking for exemptions from the rule because, they say, it stymies cross-border law enforcement actions that focus on fraud and manipulations of markets.

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Regulation Data Exercises Online 102

PYMNTS

AUGUST 29, 2016

Earlier this month, federal prosecutors in California accused two men from Brooklyn of selling drugs on Dark Web marketplace AlphaBay. Almashwali, 31, a Yemeni national, and Farooq, 24, a Pakistani national, were charged last week with conspiracy and distributing heroin and cocaine.

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Online National Operations California 101

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. Ready to make the leap? Japan Gives Bitcoin a Big Thumbs Up. After some setback in the U.S.

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Bitcoin Data ATM New Jersey 108

CFPB Monitor

OCTOBER 11, 2018

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Office, participated in a panel on data, privacy, and fraud prevention policy. Finally, Adam Maarec, Of Counsel in Ballard’s D.C.

Policies 60

Policies Lending Data Online 60

Independent Banker

AUGUST 26, 2015

The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Anti-fraud measures also are built into electronic signature systems. Howard Schneider is a financial writer in California.

San Francisco 70

San Francisco Lending System Atlanta 70

Independent Banker

DECEMBER 31, 2021

Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. Katie Kuehner-Hebert is a writer in California. In fact, 16.5% Badger Bank in Fort Atkinson, Wis.,

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua.

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Fintech Strategy Leadership Lending 142