2001 Fraud Online Operations 
PYMNTS
JANUARY 22, 2019
Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 52 percent.
PYMNTS
MAY 22, 2017
The ransomware attack affected a range of players, including delivery services like FedEx, automakers including Renault and Nissan, transportation operations such as Germany’s Deutsche Bahn and even medical systems such as the U.K.’s 11, 2001, terrorist attacks. s National Health Service.
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CB Insights
MAY 23, 2019
Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Pixelon: Online video vaporware. And others disappear forever.
PYMNTS
JUNE 29, 2020
As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. Wirecard, focused on online payments, in recent years created Boon, a mobile app payment system tied to Europe, and offered WeChat Pay to European merchants as recently as this year.
PYMNTS
JANUARY 1, 2021
You hear a lot about the new normal and stuff like that, but I really see it as banking at the speed of life,” said CarrieAnne Cormier , senior vice president of Retail Operations and Strategy at Avidia. As told by Citi and GE , the pandemic prompted a massive online shift as stores closed and consumers became wary about venturing out.
PYMNTS
OCTOBER 13, 2017
Amid all this embrace of mobile commerce, half of all chargebacks come from the online channel, and the cost for online retailers tied to fraud is 8.6 Recognizing the device and patterns of usage, he said, turns out to be useful tools and effective predictors of potential fraud in an eCommerce environment.
CB Insights
OCTOBER 29, 2018
Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: September 3, 2001. Zynga and OMGPOP. Date: March 21, 2012. Price: $210M. a viral gaming hit for iOS and Android. HP and Compaq. Price: $25B.
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