2001 Fraud Online Regulation 
PYMNTS
MAY 22, 2017
That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. 11, 2001, terrorist attacks. To get more banks into the two-step authentication mix, Clarke recommends regulation, which would compel mandatory compliance. “A
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
DECEMBER 10, 2020
Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. KYC regulations require companies to prevent money laundering and protect themselves from being linked to criminal enterprises by accurately verifying their customers?
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. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Pixelon: Online video vaporware.
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
As told by Citi and GE , the pandemic prompted a massive online shift as stores closed and consumers became wary about venturing out. The year-over-year increase in cross-border online sales was even more dramatic in other regions. There was another inconspicuous but remarkable dimension to these trends, however.
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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