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

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

PYMNTS

AUGUST 17, 2020

The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency. How QSRs Are Fighting Digital Food Fraud. Fed Exploring ‘Hypothetical’ Digital Currency With MIT. Just Eat Takeaway to End Its Gig Worker Model.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

JUNE 25, 2018

MetLife was charged with making false statements to investors on Monday (June 25) by the securities regulator in Massachusetts. In February, MetLife said it would increase the reserves by $510 million, Reuters reported, noting the impacted retirees who live both in and out of Massachusetts number around 13,500.

Massachusetts 108

Massachusetts Regulation Security New York 108

PYMNTS

APRIL 17, 2019

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “The fear of identity fraud and cyberattacks holds the digital economy back from its full potential,” said Rodger Desai, CEO of Payfone, in a press release.

Fraud 116

Fraud Massachusetts Maine Lending 116

American Banker

JUNE 15, 2020

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

Arkansas 41

Arkansas Massachusetts Maine Fraud 41

PYMNTS

NOVEMBER 15, 2019

Department of Justice announced that two Massachusetts men were arrested and charged with conducting a scheme to take over victims’ social media accounts and steal their cryptocurrency.

DC 100

DC social media Bitcoin cryptocurrency 100

PYMNTS

APRIL 6, 2016

The pair charged — Ross McLellan and Edward Pennings — face a five-count indictment, touching on conspiring to commit securities fraud and wire fraud and also two counts apiece of securities and wire fraud. The indictment itself alleges that the two — during a timeframe that stretched between Feb. 2010 and Sept.

Fraud 100

Fraud Massachusetts Boston Security 100

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Keeping An Eye On Fraud.

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cryptocurrency Bitcoin Course Boston 258

PYMNTS

MARCH 19, 2019

New Jersey is the second state to outlaw cashless stores after Massachusetts, which signed a similar bill into law back in 1978. Violations after that would be subject to the New Jersey Consumer Fraud Act and fines could be as high as $20,000.

New Jersey 125

New Jersey Philadelphia San Francisco Massachusetts 125

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. North Carolina is also part of the probe. And earlier this week, U.S.

North Carolina 108

North Carolina New Jersey Connecticut social media 108

PYMNTS

DECEMBER 6, 2018

Additional violations would fall under the consumer fraud act, which means retailers could face penalties of up to $20,000. So far, only Massachusetts has a law banning cashless stores. But companies like Amazon , as well as other major retailers, have spoken out about the legislation.

NJ 133

NJ New York City New Jersey Philadelphia 133

CFPB Monitor

APRIL 7, 2020

Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

PYMNTS

NOVEMBER 26, 2019

Senators Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter asking whether the technology could be accessed by foreign entities or whether it posed a risk to national security.

Data 130

Data Delaware Oregon Maryland 130

PYMNTS

SEPTEMBER 20, 2017

In addition, Massachusetts Attorney General Maura Healey filed a lawsuit against the company, accusing it of not doing enough to protect consumers against the massive breach, impacting three million in the state. “Equifax needs to pay for its mistakes, make our residents whole and fix the problem so it never happens again.”.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

PYMNTS

SEPTEMBER 25, 2020

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Report: Hanging Up The Phone On Mobile Remittance Fraud. A bank executive sent a memo to the workforce saying that they must not post to social media until 11 a.m. Time on Tuesday (Sept. 22) at the earliest.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

MAY 2, 2018

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. The Superintendent of Leominster Public Schools, Paula Deacon, was surprised to learn of the extortion demand and contacted police, ABC News reported. “I

Bitcoin 104

Bitcoin Data Massachusetts System 104

PYMNTS

OCTOBER 11, 2019

However, buy online, pickup in-store (BOPIS) involves card-not-present (CNP) transactions, putting retailers on the hook for any fraud. Polar Park in Worcester, Massachusetts is using a platform from Standard Cognition to allow customers to buy snacks, drinks and souvenirs without scanning or checking out. Solutions .

Retail 117

Retail Study Minnesota Video 117

PYMNTS

JUNE 3, 2019

Some politicians, like Massachusetts Senator Elizabeth Warren , have been calling for the breakup of tech giants. Even with the Facebook Cambridge Analytica scandals, which helped to calibrate attention on tech giants’ handling of user data, there hasn’t been any real regulatory agreement into oversight of these companies until now.

social media 109

social media Massachusetts Washington Google 109

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals.

Illinois 161

Illinois Google New Hampshire Texas 161

PYMNTS

SEPTEMBER 22, 2017

Back in June, the Massachusetts Senator said in a letter to Federal Reserve Chairwoman Janet Yellen that the Fed should remove the dozen executives sitting on the board of the beleaguered bank. The scandals at the bank have resulted in lawmakers calling for the board to be ousted.

Risk Management 100

Risk Management Massachusetts Meeting Tools 100

Independent Banker

NOVEMBER 13, 2014

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Maria Korolov is a freelance writer in Massachusetts. Current Tech. By Maria Korolov. Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems.

ATM 93

ATM System Management Kansas City 93

PYMNTS

SEPTEMBER 25, 2017

In addition, Equifax is being sued by the state of Massachusetts , and is also facing a class-action lawsuit filed on behalf of 28 million small businesses impacted by the breach and another suit just filed by Summit Credit Union. The Federal Trade Commission and the Department of Justice are already investigating the cyberattack.

Massachusetts 116

Massachusetts Security Regulation Data 116

PYMNTS

NOVEMBER 29, 2019

The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker). Of the 94 million U.S.

Google 129

Google Mobile Data Capital 129

PYMNTS

DECEMBER 20, 2019

Fraud comes in many forms, and the fight against it never ends. The latter, synthetic identity fraud, is largely on the decline thanks to advanced artificial intelligence (AI) systems that recognize tiny inconsistencies in fake user profiles. The former can be further subdivided into two schemes: clean fraud and friendly fraud.

Fraud 130

Fraud Massachusetts Data Cards 130

PYMNTS

NOVEMBER 27, 2017

The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. In 2015, Santander’s Consumer USA Holdings unit paid $9.35 million to settle charges claiming it improperly repossessed cars of members of the U.S.

Massachusetts 101

Massachusetts Lending Policies Compliance 101

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

JULY 22, 2016

Snowden unveiled the device via livestream during a Massachusetts Institute of Technology Media Lab’s conference dubbed “Forbidden Research.”. Teaming up with well-known hacker Andrew “bunnie” Huang, the two designed the device, which is a piece of hardware that you put on your iPhone.

Massachusetts 100

Massachusetts Conference Video Software 100

PYMNTS

NOVEMBER 18, 2016

Massachusetts Attorney General Maura Healey said in a statement covered by Krebs on Security: “An investigation by the states revealed that, in Sept. According to Krebs on Security, the victims will walk away with a whopping $1.80. 2013, Adobe received an alert that the hard drive for one of its application servers was nearing capacity.

North Carolina 100

North Carolina Massachusetts Security Data 100

PYMNTS

OCTOBER 19, 2017

Back in June, the Massachusetts Senator said, in a letter to Federal Reserve Chairwoman Janet Yellen, that the Fed should remove the 12 executives sitting on the board of the beleaguered bank. In September, U.S. Senator Elizabeth Warren called again on the Federal Reserve to hold the board accountable.

Risk Management 100

Risk Management Massachusetts Leadership Management 100

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

PYMNTS

SEPTEMBER 22, 2017

Massachusetts Attorney General Maura Healey filed a lawsuit against the company, accusing it of not doing enough to protect consumers against the hack, while the U.S. She also questioned the overall regulatory framework for credit reporting agencies, which are not subject to the same levels of intense scrutiny as other consumer finance firms.

New York 116

New York Atlanta Massachusetts Regulation 116

PYMNTS

DECEMBER 8, 2017

In November, a Massachusetts man tried to buy an Xbox through the app and successfully met up with the seller, who directed him to a man across the street. The man forked over $20 and explained that the rest of the money was in his car.

Ohio 101

Ohio Massachusetts Texas Community 101

PYMNTS

DECEMBER 1, 2017

Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. eCommerce fraud and account takeover fraud are on the rise, and consumers should gird for some lumps of coal amid the holiday cheer. Cyber Grinch: What’s a holiday season without stress?

New York 144

New York Data Regulation Washington 144

PYMNTS

MAY 27, 2016

Early April saw Staples announce a partnership with Workbar that will see parts of three of the office supply retailer’s Massachusetts stores converted into communal workspaces available for on-demand rental. ” What a breach of etiquette to call out the retail security industry — however necessary it is.

Retail 100

Retail Las Vegas Millennials Conference 100

Independent Banker

AUGUST 26, 2015

Maria Korolov is a technology writer in Massachusetts. And the attacks on smaller financial institutions in particular have been increasing, according to the report, from 24 incidents with confirmed data losses in 2013 to 33 last year.

Massachusetts 70

Massachusetts Industry Data Training 70

CB Insights

FEBRUARY 5, 2020

Ask Kodiak , a Massachusetts-based company that helps agents/brokers find eligible and willing carriers for clients with specific risks, has partnered with Tarmika , a comparative rating platform for agents/brokers. Slope , an Atlanta-based actuarial modeling software platform, raised $1M in seed funding from Cofounders Capital. PARTNERSHIPS.

San Francisco 42

San Francisco New York Capital New Jersey 42