PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 The big question for me is what on earth did EY do when they signed off the accounts?”

Fraud 290

Fraud Report Security Company 290

PYMNTS

JUNE 29, 2020

Infraud was created in 2010 by Svyatoslav Bondarenko, 34, of Ukraine, to promote and grow interest in the Infraud Organization as the premier destination for purchasing retail items with counterfeit or stolen credit card information online, the Justice Department alleged in the indictment. In April, a joint study by the U.S.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent. In the U.K.,

Fraud 101

Fraud Payments Data Cards 101

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Deep Dive: How Card Networks Must Compete For Merchants’ Debit Routing.

Cards 165

Cards Security cryptocurrency Payments 165

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

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 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

SEPTEMBER 21, 2020

Since 2010, prosecution has been delayed by 18 banks for anti-money laundering, according to BuzzFeed. Standard Chartered moved cash for a Dubai business that was later accused of laundering cash on behalf of the Taliban. Between 1999 and 2017, FinCEN flagged more than $2 trillion in suspicious transactions.

Report 279

Report North Carolina United States New York 279

PYMNTS

MARCH 2, 2020

In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. The fraud reportedly started in 2010, according to the FTC, when the company falsely implied it was affiliated with the U.S.

Payments 165

Payments Fraud Analytics Cards 165

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. 2010 and Sept. 2010 and Sept. In a statement by Carmen Ortiz, U.S.

Fraud 100

Fraud Massachusetts Boston Security 100

PYMNTS

MAY 1, 2017

The controversy over SWIFT’s security flaws, especially those tied to its messaging terminals, has been growing since 2016. A number of officials have spoken out against SWIFT’s lack of action in addressing these flaws and broader security concerns. The network reportedly released new security standards for its customers in April.

Security 112

Security Fraud Resources Software 112

PYMNTS

APRIL 2, 2020

The Durbin Amendment is a 2010 law that gives merchants some choice in which networks route their debit payments, so networks want to entice retailers with speed and convenience. Signature debit is often more prone to fraud because signatures are relatively easy to fake and rarely subjected to scrutiny.

Cards 130

Cards Comparison Fraud Retail 130

PYMNTS

DECEMBER 15, 2019

Workers in the bank’s foreign exchange team allegedly brought tens of millions of pounds to the bank by rigging exchange rates between 2010 and 2014. Atom Bank, Currencycloud, Modulr and Iwoca secured a portion of the 775 million pounds ($1 billion) allocated from RBS as a government mandate to support competition in the market.

Fintech 130

Fintech Security Company Payments 130

PYMNTS

FEBRUARY 26, 2019

There are holdouts – business processes mired in manual labor , the ever-present suite of security risks wherever data is exchanged. 30 million: The total amount of funding raised by Green Dot before going public in 2010. 30 million: The total amount of funding raised by Green Dot before going public in 2010.

Policies 134

Policies Data Meeting Security 134

PYMNTS

JUNE 22, 2016

In what is being considered the country’s biggest class-action lawsuit to date, the watchdog claims DNB charged customers roughly six times more to manage their funds over the course of 2010–2014, the Financial Supervisory Authority and the Norwegian School of Economics and Business Administration stated. District Court in Atlanta.

Atlanta 101

Atlanta Security New York Cards 101

PYMNTS

APRIL 19, 2017

A biometric security startup with a fast growing membership-based secure identification program just recently scored a considerable amount of additional funding. CLEAR , the popular security line-busting experience that can be found at some 21 airports and six baseball stadiums around the U.S.,

Security 100

Security Customer Experience Cards Fraud 100

PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. This has a two-pronged effect of making the site more visible and accessible, while reducing vetting and onboarding hassles and, along with them, fraud. “I Know Your Customer’s Preferences.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

APRIL 1, 2020

This is thanks to a 2010 federal law known as the Durbin Amendment, which requires that merchants be able to select from at least two unaffiliated networks through which they can route their transactions. Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time.

Cards 141

Cards Payments Security Fraud 141

PYMNTS

DECEMBER 30, 2019

18 and was unveiled last week, Microsoft says Thallium has been active since 2010, and that the hacking group poses a threat “today and into the future.”. While the precise location of the hackers is unknown, the complaint says they are generally believed to operate in North Korea based on information obtained from the security community.

social media 131

social media Groups Operations Community 131

PYMNTS

JUNE 13, 2017

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. In February, U.S.

New Jersey 100

New Jersey System Industry Fraud 100

PYMNTS

DECEMBER 7, 2016

But however different American Express may be from its founding days, according to Anré Williams, President of Amex Global Merchant Services, there’s one thing that has never changed: Getting things — be they physical goods or digital payments — from point A to point B securely and without issue. The changing commerce landscape.

Fraud 100

Fraud Security Mobile Trends 100

Tech and Finance

JUNE 10, 2019

Department of Homeland Security last week released an update to its list of 16 critical infrastructures, which included financial services such as payments and clearing and settlement of securities. Valerie Abend, managing director, Accenture Security, said the department took a comprehensive view of security. “It

Security 31

Security Risk Management Payments National 31

PYMNTS

JANUARY 12, 2018

Companies put a lot of emphasis on security with features like multi-factor authentication, Carter said, but that’s like putting extra deadbolts on the front door while leaving the back door wide open. Even a perfect app can be plugged into a de-bugger and disassembled into pieces that a cybercriminal can use to commit fraud.

Payments 118

Payments Software Mobile Security 118

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

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

FEBRUARY 20, 2017

District Judge Esther Salas in New Jersey sentenced Vovnenko after he pleaded guilty last year to aggravated identity theft and conspiracy to commit wire fraud, reported Reuters. Vovnenko was also told to pay restitution of $83,368. He also stole debit and credit card numbers.

New Jersey 109

New Jersey Fraud Cards Online 109

PYMNTS

OCTOBER 3, 2016

Securities and Exchange Commission to investigate the disclosure action taken by Yahoo’s executives. According to Warner, less than 100 of 9,000 public companies have reported a data breach since 2010. “I Mark Warner (D-VA) asked the U.S. I don’t know that we need new rules.

Guidelines 185

Guidelines Security Data Company 185

PYMNTS

MAY 2, 2016

Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. The rise in that “tax gap,” according to the Feds, may be due to better measurement rather than fraud actually getting worse.

Taxes 100

Taxes US United States Fraud 100

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. In 2010, LendingClub added to its war chest with a $24.5 On Friday (Sept.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JUNE 19, 2017

Bertrand was charged with 20 counts of failing to pay federal income taxes, Medicare and Social Security for the company’s employees between 2010 and 2014. Total alleged unreported cash and stock compensation was around $2.86 million, and total alleged tax loss to the U.S. was about $594,000.

New York City 108

New York City Taxes New York Operations 108

PYMNTS

APRIL 10, 2018

In payments security, the key is the key. Think of it as management by “other duties as assigned,” which is hardly an effective endeavor, as the most important security asset in a firm used to protect information (arguably the most important asset overall) is handled by people who, in some cases, have volunteered to take on the task.

Management 144

Management Security United States Data 144

PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18).

Online 179

Online Utah Cards Operations 179

PYMNTS

MAY 8, 2017

According to a blog post published Friday by Tenable Network Security: “Authentication still worked,” even when the wrong hash was entered, Tenable Director of Reverse Engineering Carlos Perez wrote. “We And these chips have been out on the market in some — but not all — Intel chipsets since 2010.

United States 103

United States System Security Analysis 103

PYMNTS

AUGUST 6, 2018

Wells Fargo , the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. The computer glitch impacted some accounts that were in the foreclosure process between April of 2010 and October of 2015.

United States 120

United States Software Taxes National 120

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

SEPTEMBER 25, 2017

Add the Consumer Financial Protection Bureau to the list of federal agencies expected to punish Equifax for the massive security breach that exposed the personal data of around 143 million Americans. But legal experts said it is likely to weigh in using powers it wields under the 2010 Dodd-Frank Act.

Massachusetts 116

Massachusetts Security Regulation Data 116

PYMNTS

NOVEMBER 2, 2016

Shadow Brokers, the group behind the publishing this past August of National Security Agency hacking tools, has posted a new leak that the group said showcases hundreds of organizations the NSA targeted over greater than a decade. “Many missions into your networks is/was coming from these ip addresses.” 22, 2000, and Aug.

Groups 100

Groups Security Analysis Data 100