PYMNTS

OCTOBER 6, 2017

He is accused of operating BTC-e, a cryptocurrency exchange that traded in bitcoin but was actually a laundering ring used to bankroll crimes, such as hacking and drug trafficking as far back as 2011. Vinnik is the accused mastermind behind a $4 billion bitcoin laundering ring and is one of seven Russians arrested or indicted on U.S.

Bitcoin 109

Bitcoin United States US Fraud 109

PYMNTS

SEPTEMBER 24, 2020

FIs that offer remittances must also comply with a variety of regulations intended to help ensure that terrorists and other criminals are unable to abuse the services to finance illicit operations and hide ill-gotten funds. Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up.

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

OCTOBER 13, 2020

billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. The report relays a series of anecdotes, such as Ponzi schemes and other fraudulent methods , and points out that in 2019, over $4.5 The report also provided a summary of actions and investigations into various cases involving crypto.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

OCTOBER 7, 2020

Attorney’s Office for the Southern District of New York charged four operators of a purported international digital-currency “Ponzi scheme” with money laundering and fraud. Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. A month earlier, the U.S. The Dark Web Likes Bitcoin, Too .

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

PYMNTS

MARCH 5, 2019

from a Russian-operated network of 70 offshore companies in one of the largest banking leaks. 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. billion ($4.6

Company 129

Company Fraud Compliance Regulation 129

PYMNTS

MARCH 3, 2020

The Department of Justice charged two Chinese nationals with laundering over $100 million worth of cryptocurrency and operating an unlicensed money transmitting business. Some have pointed to a similar attempt by H&R Block, when it tried to purchase another do-it-yourself tax software company in 2011 but was blocked by regulators.

Apple 132

Apple National cryptocurrency Payments 132

Banking 2020

NOVEMBER 24, 2015

First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3

Fraud 40

Fraud Cards Cyber Security System 40

PYMNTS

DECEMBER 24, 2019

The attacks have been attributed to a group known as APT20, which is thought to operate at the behest of Beijing per a report from Dutch cybersecurity firm Fox-IT, ZDNet reported. While its hacking reportedly dates back to 2011, researchers lost track of its operations in 2016-17, before starting to track the group again in 2018.

Groups 132

Groups Analysis Report Operations 132

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.

cryptocurrency 100

cryptocurrency Bitcoin National Operations 100

Jeff For Banks

OCTOBER 5, 2020

According to the Office of Inspector General (OIG) In-Depth Review (IDR) of the incident: "Enloe State Bank failed because the President and the senior-level Vice President perpetrated fraud by originating and concealing a large number of fraudulent loans over many years. The FDIC issued this guidance in June 2011. For over a decade.

FDIC 78

FDIC Fort Worth Dallas Texas 78

PYMNTS

APRIL 1, 2020

These larger operators sometimes made deals with card issuers, under which the latter would agree to only route payments over the former’s networks. This then prompted the Federal Reserve to decide in 2011 to restrict interchange fees on PIN debit cards to no more than $0.21 Online sellers could instead rely on 3D Secure 2.0

Cards 141

Cards Payments Security Fraud 141

PYMNTS

AUGUST 21, 2018

That prompted an individual in San Diego to launch a lawsuit against Google , while activists are wondering if the practices violate the company’s 2011 agreement with the FTC. If the suit goes forward, it could include millions of people.

Google 100

Google San Diego California Exercises 100

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

Fraud 120

Fraud Taxes Community Cards 120

Insights on Business

OCTOBER 31, 2019

Algo FIRST was acquired by IBM as part of the Algorithmics acquisition which took place in October 2011. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution. During its time at IBM, FIRST has become closely aligned and integrated with IBM OpenPages.

Case Study 79

Case Study Study Compliance Risk Management 79

Insights on Business

OCTOBER 31, 2019

Algo FIRST was acquired by IBM as part of the Algorithmics acquisition which took place in October 2011. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution. During its time at IBM, FIRST has become closely aligned and integrated with IBM OpenPages.

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

OCTOBER 22, 2018

The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year. In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

DECEMBER 28, 2018

The FTC was looking into a few things, including whether Facebook violated a 2011 consent order when it told consumers it would keep their information private , but repeatedly didn’t do so. The commission’s budget ran out on Friday (Dec. FTC workers aren’t allowed to do any work on the probe while the shutdown is in progress.

Washington 129

Washington Operations Report Company 129

PYMNTS

SEPTEMBER 17, 2018

Park, said the complaint, was part of a hacker group backed by the North Korean government (where operations were conducted in part through Chosun Expo Joint Venture, a state-owned entity), and the charges unsealed by the United States tied him to other attacks, including headline-grabbing 2017 WannaCry 2.0 Park is being charged by the U.S.

New York 188

New York Fraud System social media 188

PYMNTS

AUGUST 1, 2019

Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs). KiwiCo was founded in 2011 and offers seven different subscription boxes focused on different age groups or interests.

Security 108

Security Cards Fraud Survey 108

PYMNTS

APRIL 27, 2018

In a press release , Amazon said billions of products were sold worldwide on its platform last year, with half of those items coming from SMBs operating through its Marketplace. Among last year’s highlights, Amazon Lending surpassed loaning $3 billion to small businesses since the program started in 2011.

United States 101

United States Examples Apple Lending 101

PYMNTS

DECEMBER 8, 2017

The firm reported it had stopped its mining operations for approximately 24 hours as of Thursday (Dec. At least 36 heists have been perpetrated against cryptocurrency exchanges since 2011, most notably the 2014 collapse of bitcoin market Mt. Early estimates came in around 47,000 bitcoins, but the number has since risen.

Bitcoin 105

Bitcoin cryptocurrency Video National 105

PYMNTS

OCTOBER 31, 2016

According to a report in New York Post , KPMG has green-lighted Wells Fargo’s public financial documents from 2011 to 2016, which are the five years the Consumer Financial Protection Bureau honed in on with its investigation of the fake accounts, said Sen. President and Chief Operating Officer Timothy Sloan replaced Stumpf.

New York 100

New York Report Cards Operations 100

PYMNTS

AUGUST 12, 2019

Considering a company could have thousands — or even millions — of subscribers, this volume of credit cards could become a target for fraud. PYMNTS recently spoke about security with Bill Onderdonk, chief operations officer at KiwiCo, a monthly science, technology, engineering, art and math (STEAM) subscription box for children.

Retail 118

Retail Video Security Software 118

PYMNTS

DECEMBER 19, 2018

In 2011 it signed a consent agreement with the FTC that prevents it from sharing data on users without their clear consent. While most of the special privileges went to big tech companies, the paper noted that Facebook also extended them to online retailers, entertainment website operators, automakers and media firms.

Data 127

Data social media New York Apple 127

PYMNTS

JUNE 6, 2016

“We announced the liability shift four-plus years in advance of the date in August 2011, knowing that much of the rest of the world had already invested in chip technology and that there were quite a few suppliers that had chip technology in their terminals and also chip capable card technology available,” she said.”

Fraud 100

Fraud Cards Technology Data 100

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.

New York 100

New York National Security Tools 100

PYMNTS

JUNE 2, 2016

Between 2011 and 2015, the U.S. However, our security program and processes for detecting and countering attacks are robust, and our critical operations have never been affected,” the Fed’s statement explained. Federal Reserve was targeted in more than 50 cyberattacks.

Report 100

Report Data Washington Security 100

FICO

SEPTEMBER 29, 2022

By moving beyond the current one-size-fits-all approach, telecom operators can customise the user experience by identifying user personas and applying an analytical overlay to their customer data assets, to continually deliver critical insight and targeted customized experiences. But it’s all about trust.

Analytics 52

Analytics Data Risk Management Customer Experience 52

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. In 2011, LendingClub added another $25 million in Series D funding in a round lead by Union Square Ventures. The SEC Finding. said U.S.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

MAY 31, 2016

As noted in The Wall Street Journal Tuesday , the fact remains that lenders are “awash in new regulations,” with swelling ranks of both interpreters and enforcers bringing “striking changes” to banks and their own internal day-to-day mindsets and operations. among other agencies.

Regulation 100

Regulation Compliance Industry Course 100

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. Sigma aims to streamline business operations. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations.

Online 98

Online Company Retail Payments 98

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

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. Some companies just push their luck a little too far. Total Funding: $1.1B.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

APRIL 25, 2016

Fraud is moving en masse online , though, as in-store methods are getting harder and crooks look to find the weakest link. According to the PYMNTS/Forter Global Fraud Attack Index , online fraud attacks have jumped by 11 percent since the shift in the U.S. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 100

CB Insights

OCTOBER 29, 2018

Date: October 2011. With Apotheker fired in 2011 for a slew of missteps that had contributed to the company’s massive losses, nothing ever came of the acquisition. Date: August 15, 2011. HP and Autonomy. Price: $11.1B. Chairman and CEO Leo Apotheker, during his brief time in charge at HP, backed the company’s $11.1B

Google 76

Google Software Innovation Company 76

Fintech Labs Insights

FEBRUARY 21, 2017

Today’s funds come from Madrid-based Mundi Ventures, a technology-focused VC firm that also operates in Barcelona, London, and Seattle. Founded in 2011, Qumram offers banks technology that lets them record and replay all digital activity and interactions with clients. million in funding today.

social media 15

social media Seattle Compliance User Experience 15

Fintech Labs Insights

JANUARY 28, 2016

Voice fraud prevention and authentication startup Pindrop closed a $75 million funding round. This installment brings the company’s total funding to $122 million since it was founded in 2011. an area in which, according to Fortune , phone fraud rates exceed those in the U.S. Protected 360+ million calls.

Georgia 12

Georgia Fraud America Google 12