PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). I think the FTC’s numbers are almost certainly just the tip of the iceberg when it comes to fraud losses,” Breyault told CNBC. “We We know fraud is historically an under-reported crime.”.

US 175

US Fraud Illinois Washington 175

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware.

Groups 130

Groups Fraud North Carolina US 130

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Sardine , a fraud detection platform solution provider, raised a Series B round from Visa and ConsenSys. Helix partnered with Unit21 for fraud and risk management solutions for fintechs. LevelField Financial Inc.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

APRIL 29, 2020

But to get the money out the door quickly, Congress allowed banks to skip the step of checking for fraud or errors, as long as borrowers provided documentation. Typically, the Treasury depends on lenders to audit the small business loans it backs. The SBA is a shoestring agency with several thousand employees.

Pennsylvania 353

Pennsylvania Illinois Comparison Lending 353

PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Arkansas 133

Arkansas Data Colorado Ohio 133

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Fraud-fighting recommendations. Illustration by Cnythzl/iStock. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

JANUARY 8, 2020

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

CFPB Monitor

APRIL 11, 2022

The stipulated order requires the dealerships to pay $9,950,000 to the FTC to provide monetary relief to consumers, and $50,000 to the Illinois Attorney General Court Ordered and Voluntary Compliance Payment Projects Fund. In its press release , the FTC calls the settlement “a record-setting monetary judgment for an FTC auto lending case.”.

Illinois 78

Illinois Policies Lending Retail 78

PYMNTS

FEBRUARY 6, 2020

Finrails AP offers increased visibility into cash flow, and the platform has built-in fraud detection via Positive Pay. Signature Bank is a relationship-based commercial bank headquartered in Rosemont, Illinois. A customer service team will assist vendors in moving to electronic payments. It is owned by Signature Bancorporation, Inc.,

Illinois 167

Illinois Chicago Cards Payments 167

PYMNTS

JANUARY 27, 2020

Illinois printed and mailed $1.3 Illinois could have saved an estimated $1 million by digitizing its payments. Advocates argue that digital funds deposited on debit cards are less prone to fraud and error, with speed and convenience for recipients. Not all states feel the same.

Payments 130

Payments Illinois Texas Tennessee 130

PYMNTS

FEBRUARY 4, 2019

Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers. Department of Defense (DOD) or NATO , for instance.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

APRIL 15, 2020

The April Mobile Order-Ahead Tracker® explores the latest digital ordering developments, including measures that restaurants and delivery apps are taking to continue operating during the pandemic, how some of these steps have backfired and how quick-service restaurants (QSRs) are battling the uptick in fraud attempts.

Mobile 153

Mobile Fraud Illinois Chicago 153

PYMNTS

SEPTEMBER 28, 2016

The FTC and the states of Illinois and Ohio said they secured the consumer redress as part of a settlement of charges against One Technologies in Jan. They were also charged with violating the Illinois Consumer Fraud Act and the Ohio Consumer Sales Practices Act. com, FreeScoreOnline.com and ScoreSense.com.

Illinois 100

Illinois Ohio Online Fraud 100

Independent Banker

SEPTEMBER 30, 2021

Here’s how two community banks are protecting their customers from falling victim to fraud. Mainly, the instances [of money mules] consisted of unemployment benefits fraud and were identified through our anti-money laundering [AML] detection system,” says Marlena Taglieri, the $7.7 Fighting fraud through education. Source: FBI.

Community Bank 91

Community Bank Fraud Community Training 91

PYMNTS

JANUARY 17, 2020

As the new PYMNTS Merchant Fraud Decisioning Playbook shows, fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. To do so, however, these companies will need to make some adjustments to their fraud protection strategies.

Retail 149

Retail Security Fraud Illinois 149

CFPB Monitor

MARCH 9, 2021

and its founder and former chief executive officer violated the Consumer Financial Protection Act and the Telemarketing Sales Rule by processing payments for companies engaged in internet-based technical-support fraud. In its second lawsuit filed under Acting Director Uejio, the CFPB alleges that BrightSpeed Solutions, Inc.

Payments 78

Payments Illinois Fraud Software 78

PYMNTS

FEBRUARY 1, 2019

According to Bloomberg , Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to find any potential unknown violations. And earlier this week, U.S.

North Carolina 108

North Carolina New Jersey Connecticut social media 108

Abrigo

AUGUST 22, 2019

16 in Chicago, Illinois Oct. Finding ongoing BSA training to stay on top of the latest information about money-laundering and fraud is possible, thanks to regional, local and online resources aimed at making it convenient and cost-effective. Fraud Prevention. 5 in Richmond, Virginia Oct. 21 in Houston, Texas Nov. Learn More.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

AUGUST 30, 2016

However, back in July, Illinois’ voter registration database was hacked and subsequently was shut down for two weeks. The Illinois Board of Elections has blamed the incident on “foreign hackers,” but of course, this can be difficult to pin down. The Flash warning doesn’t explicitly cite which states’ databases were affected.

Illinois 105

Illinois United States Security Course 105

PYMNTS

SEPTEMBER 23, 2019

A woman’s from Illinois. Today I decided to change my iTunes credit card. I used the take picture feature. It read my card well, but then when I saved the card, someone else’s credit card was saved! I have her full name, billing address and last 4 digits of her credit card! That felt like I could steal their money any time.

Apple 193

Apple Security Report Payments 193

PYMNTS

JUNE 27, 2016

But that might be changing, as judges in Illinois and California are considering letting these lawsuits proceed. Seventh Circuit judges said victims of the luxury department store’s breach shouldn’t have to wait until a fraud occurred before being allowed to sue. Judges, however, are disagreeing. wrote Judge Diane Wood.

Illinois 101

Illinois California Data Fraud 101

PYMNTS

APRIL 30, 2019

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. That’s not only because of the motivation to fight and prevent fraud, though that is certainly a big part of it.

Fraud 161

Fraud Illinois Regulation Online 161

PYMNTS

AUGUST 16, 2019

Developed by researchers at the University of California, San Diego and the University of Illinois Urbana-Champaign, the app can pinpoint Bluetooth-enabled skimmers while keeping pumps and cash machines intact. A new app, nicknamed Bluetana , can detect even the most discreet skimmers on gas pumps and bank ATMs.

Security 121

Security San Diego Data Illinois 121

PYMNTS

AUGUST 14, 2019

Developed by researchers at the University of California, San Diego and the University of Illinois Urbana-Champaign, the app can pinpoint Bluetooth-enabled skimmers while keeping pumps and cash machines intact, the news outlet said. student Nishant Bhaskar.

ATM 116

ATM San Diego Cards Illinois 116

NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 75

ATM Fraud Illinois Cards 75

CFPB Monitor

JANUARY 27, 2015

The Illinois AG filed two lawsuits using her Section 1042 authority. In March 2014, the Illinois AG filed a state court lawsuit against a small loan lender alleging violations of the Dodd-Frank UDAAP prohibition as well as state law violations. In April 2014, the defendant removed the case to an Illinois federal court.

Regulation 60

Regulation Illinois Mississippi Florida 60

PYMNTS

AUGUST 23, 2018

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

Cards 112

Cards South Carolina North Carolina Nebraska 112

PYMNTS

JULY 10, 2020

For instance, he pointed to statewide initiatives in California and Illinois that have focused on biometrics. Webster noted that KYC and AML procedures aren’t governed by global standards. However, Cohen said that in the U.S., various forms of privacy legislation have been making headway.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

NOVEMBER 30, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they plan to launch their own investigations. “We’ve been in touch with several state attorney general offices and the FTC to discuss this issue, and we stand ready to cooperate with them going forward,” Uber said in a company statement.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

DECEMBER 12, 2018

The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments. Companies like Dunkin’ are not the only victims of a data breach, of course.

Report 165

Report Payments Data Illinois 165

PYMNTS

NOVEMBER 23, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they were launching their own investigations. “We’ve been in touch with several state attorney general offices and the FTC to discuss this issue, and we stand ready to cooperate with them going forward,” Uber said in a company statement. Meanwhile, in the U.K.,

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

NCR

AUGUST 4, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 40

ATM Fraud Illinois Cards 40

PYMNTS

APRIL 15, 2019

Even so, retailers must protect against theft and fraud without adding friction for employees and customers in the age of automation. The approximate number of Illinois residents employed by the vending and convince services industry is 7,000.

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

JULY 20, 2017

Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money. With Illinois gearing up to put regulations in place for blockchain, Delaware has made a significant dent with the passing of its blockchain regulation amendments to its state’s law earlier this month. In the U.S. From the U.K.

blockchain 105

blockchain Bitcoin Delaware Illinois 105

NCR

FEBRUARY 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 40

ATM Fraud Illinois Cards 40

Independent Banker

OCTOBER 31, 2022

We are continuing to explore relationships with fintechs, especially as it relates to fraud prevention and providing more value to our customers,” says chief deposit officer Dan Hancock. William Atkinson is a writer in Illinois. In the future, we also will consider expanding into other parts of the state.”.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

CFPB Monitor

OCTOBER 25, 2022

In issuing its own guidance regarding indirect auto lending in 2018 , then- DFS Superintendent Maria Vullo stated “As the federal government stands down on protecting consumers from financial frauds and abuses, DFS stands up to safeguard New Yorkers from unfair lending practices.

New York 78

New York Lending Community Bank Community 78