PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. Meng used a Hong Kong company known as Skycom Tech to do business with telecom companies based in Iran from 2009 to 2014. Meng’s presentation was an act of fraud. On Friday (Dec. Officials claim that Ms. In 2016, U.S.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

NOVEMBER 8, 2018

According to the FTC , the company violated the settlement struck in 2012 that stemmed from charges that the company had aided and abetted wire fraud. Court documents stated that the revised fraud prevention system that was put in place after the settlement was ineffective. This announcement came separately on Thursday. and Canada.

Fraud 160

Fraud Dallas System Company 160

PYMNTS

MARCH 23, 2020

Officials are warning of a rise in phishing attacks, while retailers have also been warned about fraud risks, with Amazon recently removing 1 million products for allegedly making fraudulent claims, recent Forbes reports said. Secret Service Department of Homeland Security wrote in a warning published earlier this month.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

Abrigo

AUGUST 20, 2021

The activity stretches from crimes we know, such as phishing, internet auction fraud, and advanced fee schemes to human trafficking, illegal trade in natural resources (diamonds, timber, etc.), Drug trafficking reached $320 billion in profits in 2009, including $85 billion in cocaine and $68 billion in opiates. Fraud Prevention.

Training 195

Training Strategy Fraud National 195

PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. In other U.S.

Bitcoin 124

Bitcoin Security cryptocurrency social media 124

PYMNTS

JANUARY 28, 2020

In the January Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including a retrospective look at the CU industry in the 2010s, an examination of hybrid cloud technology and a new synthetic identity security threat that could steal hundreds of thousands of dollars. billion in 2009 to $1.54 trillion in 2019.

Innovation 155

Innovation St. Louis Fraud United States 155

NCR

SEPTEMBER 15, 2017

While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. Where it is prevalent, EMV has proven to be a highly effective method of preventing card-present/counterfeit card fraud. The shift to e-commerce CNP fraud.

Fraud 84

Fraud Cards Security US 84

PYMNTS

MAY 2, 2019

That’s according to Onapsis, the security firm, which told Reuters it found new ways to exploit weaknesses in systems that weren’t patched correctly. Despite the fact that SAP issued information on how to correctly patch the vulnerability in 2009 and 2013, around 90 percent of affected SAP systems haven’t been secured.

Software 129

Software Security System Fraud 129

PYMNTS

FEBRUARY 24, 2016

But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. In the relative good news department, the NRF highlights one retailer in particular that is on the right track in addressing potential internal fraud: IKEA.

Retail 100

Retail Fraud Survey Branding 100

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

Fraud 100

Fraud Analytics Data Payments 100

PYMNTS

MARCH 15, 2019

The Hong Kong Securities and Futures Commission has issued its largest-ever fine, which landed on international investment banks for what the watchdog found to be failings in their initial public offering sponsorship roles. UBS and Standard Chartered’s fines were also related to the 2009 IPO of China Forestry.

America 100

America Regulation Fraud Security 100

PYMNTS

MAY 26, 2016

Dashlane secured $22.5 According to TransUnion, these integrated services will cover a wide range of areas, including monitoring, identity and fraud protection, credit information and breaches. Our mission has always been to make identity and payments simple and secure everywhere. and globally.

Management 100

Management Capital Fraud Security 100

Banking 2020

SEPTEMBER 15, 2015

Payment security and speed go hand in hand, according to the Federal Reserve and NACHA. is growing closer to becoming a reality with the formation of a Board Advisory Group that will help NACHA realize its plans to create faster and more secure payments that meet the needs of banking institutions, merchants and many others. Prevention.

Fraud 40

Fraud Payments St. Louis Security 40

PYMNTS

APRIL 1, 2020

Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed. Online sellers could instead rely on 3D Secure 2.0 The Durbin Amendment.

Cards 141

Cards Payments Security Fraud 141

PYMNTS

MAY 28, 2020

In the May Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the challenges facing deployment of APIs amid the COVID-19 pandemic, new online initiatives from nationwide FI chains and community banks and the security challenges that are plaguing digital banking programs.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

AUGUST 16, 2019

As with many aspects of the mobile ordering scene, however, fraud continues to creep into the picture. The fraudsters were able to use weak security questions to have password change requests sent to their emails — many customers did not change their birthdates from the app’s default setting, granting hackers access to their accounts.

New York City 191

New York City Mobile New York Fraud 191

PYMNTS

MARCH 18, 2020

“Unfortunately, given the lucrative nature of card skimming, Magecart attacks will continue to evolve and surprise security researchers with new capabilities. They’re learning from past attacks to stay one step ahead, so it’s on the security community to do the same,” the cybersecurity firm said.

San Francisco 140

San Francisco Groups Cards Security 140

PYMNTS

MARCH 5, 2019

He added that he had no knowledge that Troika companies received funds related to fraud. There was also the revelation that, from 2009 to 2011, Vardanyan donated $200,000 to the Prince’s Charities Foundation. Vardanyan admitted that he knew of Roldugin, but said, “I haven’t done any business with him personally.

Company 129

Company Fraud Compliance Regulation 129

PYMNTS

JUNE 1, 2017

Symantec Security, a leading security research firm, raised this concern in a recent blog post. Surprisingly, the hacker flew under the watchful radar of security analysts for years. The auto-tech company reported the issue back in 2009, while Symantec recently identified the malware in 2014.

Tools 116

Tools Security National Groups 116

PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

Operations 228

Operations Payments Compliance System 228

PYMNTS

JULY 27, 2016

The agency mailed out a first round of checks on June 11, 2009, and the second round on April 9, 2010. While the illegal activities happened years ago, credit card fraud is a huge problem around the globe, costing credit card issuers billions of dollars. In 2014, fraud on credit cards, debit cards and prepaid cards reached $16.31

Cards 100

Cards Fraud Operations Report 100

PYMNTS

JULY 29, 2019

Earlier this month, the bank’s former chief operating officer, Ángel Cano, along with seven other current and former bank executives, including former security chief Julio Corrochano, were named as a person of interest in the investigation. Cano served from 2009 to 2015 as deputy to González.

Security 100

Security US Report Operations 100

PYMNTS

JUNE 17, 2019

Europol, the European Union police organization, is calling for increased security and vigilance in response to a string of attacks on ATMs throughout the continent, according to a report by the Associated Press. The attacks include 21 countries. In the U.S.,

ATM 109

ATM Security Trends Marketing 109

PYMNTS

AUGUST 27, 2018

Last year, there were over 16 million victims of identity fraud, which resulted in over $16 billion of losses. According to Gallup, the percentage of respondents who worried about identity theft has ranged from 67 percent to 70 percent annually since 2009. In addition, 66 percent say they fret about having their identities stolen.

Arizona 100

Arizona Survey United States Fraud 100

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. True in 2009. It took us 18 months to launch the product in a legal and compliant and secure way. Well, that’s how we remember it, anyway.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

MARCH 18, 2019

Rethinking Security Strategies . Worldwide, banks paid out approximately $321 billion between 2009 and 2016, for example, because they failed to comply with money laundering, terrorist financing and other regulations. . Financial and Ethical Security Strategies.

Compliance 181

Compliance Regulation Chicago Tools 181

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The SEC Finding. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

MAY 25, 2016

Apple’s encryption battle against the FBI may have simmered down, but Apple is not backing down on further bolstering the security of its devices. The tech giant has rehired Jon Callas, a top security professional, who cofounded many secure communications companies, including Blackphone, PGP Corp.

Apple 100

Apple Security Course System 100

PYMNTS

SEPTEMBER 20, 2019

Launched in Paris in 2009, Vestiaire Collective has a community of more than 8 million members in 50 countries worldwide that list 40,000-plus new pieces every week. These generations also have more buying power than others, and their speed and convenience expectations are largely unaffected by authentication and security needs.

Online 118

Online Millennials Community Fraud 118

Independent Banker

MAY 25, 2016

estimates there will be 26 billion physical devices connected together by 2020, a nearly 30-fold increase from 900 million in 2009. However, perhaps nowhere could the Internet of Things transform banking more than in systems and data security. The technology research think tank Gartner Inc. in Stamford, Conn.,

Community Bank 70

Community Bank Community System Analysis 70

PYMNTS

AUGUST 26, 2016

Those counts included wire fraud and intentional damage to a protected computer. 2009 to Oct. The son of a Russian parliament member, Seleznev was found guilty on 38 of 40 charges brought against him. The case hinges on hacks that took place from Oct.

Nevada 100

Nevada Georgia Washington Fraud 100

PYMNTS

APRIL 11, 2016

While the agency confirmed the former employee had legitimate access to the data it still does not explain how the individual was able to walk away with supposedly secure information without realizing. The memo was distributed on March 18 by FDIC Chief Information Officer and Chief Privacy Officer Lawrence Gross Jr.

FDIC 100

FDIC Data Washington Security 100

PYMNTS

AUGUST 19, 2019

Chipotle was one of the first QSRs to embrace digital ordering, rolling out its first iPhone mobile order-ahead app in 2009. When it comes to securing its rewards program, Chipotle’s strategy is twofold, with both internal security measures and cooperation with third-party security firms. Keeping Bad Actors at Bay.

Security 108

Security System Mobile Analysis 108

PYMNTS

NOVEMBER 21, 2018

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. percent use it to fight internal fraud. “AI Data Mining. PYMNTS found that 81.8

Data 192

Data System Technology Fraud 192

PYMNTS

AUGUST 10, 2017

The executive, using statistics from Hong Kong Police, told Reuters that the number of cybersecurity incident reports have jumped to 6,000 in 2016 from 1,500 back in 2009. National Security Agency, and the tally comes to more than 126,000 cases of infection, though that number has likely risen. billion in the same time period.

National 122

National Policies Groups Report 122

PYMNTS

NOVEMBER 25, 2019

The founding director of the Web Foundation , he launched the non-profit in 2009 “to advance the open web as a public good and a basic right,” according to its website. . “I “Whether you’re a company or a government, controlling the web is a way to make huge profits or a way of ensuring you remain in power.”.

Strategy 130

Strategy New York Google Software 130