PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

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cryptocurrency United States social media Regulation 206

PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Another study found that the number of correspondent banking relationships in existence worldwide had dropped 22 percent from 2011 to 2019. .

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Compliance Tools Fraud Regulation 223

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. 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. The shift to e-commerce CNP fraud.

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PYMNTS

JUNE 2, 2016

50+ | Number of cyber breaches detected by the Federal Reserve between 2011-2015. 30 | Number of “information disclosure” incidents reported by the Fed’s national cybersecurity team between 2011-2015. 140 | Number of hacking attempts cited out of 310 reports by the Fed’s Board of Governors in a four-year period.

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Data Washington National Regional 100

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

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Fraud Video Case Study United States 40

PYMNTS

NOVEMBER 15, 2019

Founded in 2011 by Harald Seiz, the firm offered online purchases of “cryptonyzed gold” tokens, offering customers a commission to sign up other “affiliates.” Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20.

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PYMNTS

JANUARY 28, 2019

citizen who was deported last year from Singapore over fraud and drug charges, reportedly posted the information online after gaining access to the registry from Ler Teck Siang, a doctor who had previously run the Ministry of Health’s National Public Health Unit. Farrera Brochez, a U.S.

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Online Data Fraud Report 122

FICO

FEBRUARY 16, 2021

In June 2020, the US Social Security Administration (SSA) launched their electronic consent-based verification service (eCBSV). The eCBSV is an electronic service that offers registered members, such as banks, the ability to confirm the social security number of their customers, with the customers consent. LizLasher@fico.com.

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Fraud Security National Examples 52

PYMNTS

MARCH 25, 2016

In a press release posted on Thursday (March 24), the DOJ confirmed that the individuals were charged by a grand jury in the Southern District of New York and are accused with launching an extensive campaign of DDoS attacks against 46 victims between late 2011 and mid-2013. Through the work of our National Security Division, the FBI, and U.S.

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New York National Security Tools 100

CFPB Monitor

SEPTEMBER 14, 2018

Pursuant to the Act, nationwide consumer reporting agencies must provide free national security freezes, which prevent potential lenders from accessing a consumer’s report and, in turn, limit an identity thief’s ability to open accounts in the consumer’s name. The Act’s new requirements take effect on September 21, 2018.

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Compliance Fraud Security National 68

PYMNTS

JUNE 19, 2018

“Since our founding in 2011, we’ve remained completely dedicated to our customers’ security and success. ” According to the executive, as the threat landscape worsens and the lines blur between nation-state and criminal adversaries, CrowdStrike will be there to provide protection to its customers.

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Security Capital National Industry 101

PYMNTS

MAY 4, 2016

The Russian national behind global banking malware that was responsible for stealing money from bank accounts across the U.S. Nikita Kuzmin, who created the “Gozi” malware, pled guilty to various computer intrusion and fraud charges back in May 2011, the United States Attorney for the Southern District of New York said in a press release.

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United States Fraud New York Software 100

PYMNTS

MARCH 23, 2016

The Justice Department said on Tuesday (March 22) that it has charged three Syrian nationals — each of them identified as being members (current or former) of the Syrian Electronic Army (SEA) — with counts of hacking and conspiracy. government and a number of international organizations, including media firms.

social media 100

social media Virginia United States National 100

PYMNTS

JULY 27, 2017

Since 2011, the 38-year-old has been running a criminal organization which administers one of the most important websites of electronic crime in the world.”. Reuters cited police as saying $4 billion or more in virtual currency had been laundered through the platform since 2011, which was the year it was founded.

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cryptocurrency Bitcoin National Operations 100

PYMNTS

MARCH 28, 2016

The Fed ultimately settled on a 21 cent cap plus 0.05% of the transaction for fraud recovery (up from their original proposal of 12 cents). Pre-2011, debit card interchange fees averaged in the 44 cent range. percent of the transaction for fraud recovery and allowed another 1 cent for fraud prevention in most cases.”.

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Retail Fraud Cards Regulation 100

PYMNTS

AUGUST 9, 2016

Security researchers have identified the once unknown hacking group behind a malicious malware called Remsec. Reuters reported on Monday (August 8) that the newly discovered group has been around since 2011 and is linked to cyber espionage attacks in various countries around the world. Remsec is primarily designed to spy on targets.

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Groups Software Maine Security 100

PYMNTS

OCTOBER 11, 2017

million – ranging from 2011 to 2016 – held information that did not put the 700,000 consumers to whom those records belonged at risk. The news about Britons exposed to the data breach comes on the heels of disclosures of other nations being impacted outside the United States. In reference to the news affecting the U.K.,

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United States Data National Security 100

PYMNTS

DECEMBER 8, 2017

The volatile cryptocurrency has made international waves, though, with some big-name investors backing the growing digital currency, some national governments banning its mining or use as a payment method and still others claiming it to be either a boon or a dangerous bubble.

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Bitcoin cryptocurrency Video National 105

PYMNTS

JUNE 2, 2016

Between 2011 and 2015, the U.S. The records show more than 50 “unauthorized access” and more than 30 “information disclosure” incidents were reported by the Fed’s national cybersecurity team because they affected the Board of Governors. Federal Reserve was targeted in more than 50 cyberattacks.

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Report Data Washington Security 100

PYMNTS

JANUARY 3, 2017

The trial got under way after the United Nations denied a request by Equatorial Guinea at the end of last year to halt proceedings on the argument that Obiang is covered by diplomatic immunity. Obiang is the son of the country’s president, Teodoro Obiang Nguema.

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Taxes National Report Fraud 145

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. It also allowed a 1 cent adjustment if the issuer implements fraud-prevention standards. . In 2014, in NACS v. Board of Governors of the Federal Reserve System , the D.C.

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North Dakota Cards Regulation Fraud 78

Jeff For Banks

MARCH 20, 2016

billion in equity capital since its founding in 2011. Since 2011, SoFi has funded over $6 billion in loans (through December 15, 2015). SoFi started in 2011, so the tide has not yet gone out on them. Remember during the depression when the National Housing Act of 1934 created the Federal Housing Administration (FHA).

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Virginia Risk Management Capital Comparison 60

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

Fintech Labs Insights

APRIL 22, 2016

Fraud protection company Featurespace uses behavioral analytics to catch new fraud attacks as they happen to better protect financial services companies and their clients. Featurespace showed its ARIC fraud manager at FinovateEurope 2016 in London. This eliminates the need to export batch data to test updates.

Fraud 12

Fraud Analytics System Customer Experience 12

FluentBanking

APRIL 18, 2020

Such limits may be attained in two to three years (2010, 2011 and 2012, respectively) after making the course contents, reading materials, library facilities and coaching facilities available to the candidates. each case, for standing second in the examination by securing at least 55% marks in the aggregate. Two Eastern Bank Ltd.

Regulation 52

Regulation Case Study Security Management 52

CFPB Monitor

JUNE 26, 2022

It highlights new EFE typologies and potential red flags and builds upon a related advisory issued in 2011. Similarly, the Federal Trade Commission reports that older adults account for 35 percent of the victims associated with filed fraud reports when a consumer has provided an age. The Advisory is detailed. Background.

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social media Fraud Resources United States 78

PYMNTS

MAY 8, 2017

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. 80 percent of U.K.

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Data US Guidelines Cyber Security 101

CB Insights

JUNE 6, 2019

Declared Bankruptcy: 2011. By December 2011, it was under $30/kg. By September 2011, Solyndra’s business model had fallen apart. In tests conducted by the National Highway Traffic Safety Administration (NHTSA), The Coda was awarded a rating of 5 stars out of 5 for its side-impact and rollover tests. Founded: 2011.

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Apple Branding Google Company 78

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. The company released the Jawbone Up, the first fitness-tracking wristband, in 2011 — but it was too late. Table of Contents.

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Report San Francisco Capital New York 78

PYMNTS

SEPTEMBER 17, 2019

Treasury Department officials are getting set to implement the law passed by Congress last year that will expand the scope of national-security reviews of foreign investment deals, including those involving satellites, oil refineries, financial-market systems and drinking water utilities. Mnuchin said in a statement Tuesday (Sept.

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United States National Washington Leadership 108

PYMNTS

FEBRUARY 15, 2018

According to a report in CNN , officials from the CIA, NSA, FBI and Defense Intelligence Agency testified before the Senate Intelligence Committee this week that smartphones made by these Chinese companies are a security threat to consumers in the U.S. “And it provides the capacity to conduct undetected espionage.”

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CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. Indeed, co-founder Alejandro Resnik, the CEO, told the WSJ in 2015 that it was looking to raise a “monster round” of $300 million at a $2 billion valuation to fuel its national expansion. A most-wanted founder. via TechCrunch.

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