PYMNTS

OCTOBER 17, 2017

So far, only information from the company’s user account database was leaked, which included details like email addresses, usernames and encrypted passwords for accounts that were created between 2008 and November of 2013. Currently, the company said it has found no evidence that there were any unauthorized logins or wrongdoing.

Data 101

Data Security Company System 101

PYMNTS

DECEMBER 21, 2018

The findings came from a survey of 2,000 individuals between 2013 to 2018. AppZen said there is no finding that certain verticals are more or less prone to expense fraud. billion has been stolen via BEC from October 2013 to May 2018. The FBI noted that as much as $12.5

Fraud 152

Fraud Policies Survey Report 152

PYMNTS

NOVEMBER 18, 2016

Adobe is reportedly only paying $1 million over a lawsuit that has to deal with its data breach back in 2013 that put the payment records of around 38 million at risk. 2013, Adobe received an alert that the hard drive for one of its application servers was nearing capacity. Krebs on Security broke news of the hack back on Oct.

North Carolina 100

North Carolina Massachusetts Security Data 100

PYMNTS

FEBRUARY 18, 2019

So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in other, relatively old-fashioned ways.

Fraud 122

Fraud Operations Security Software 122

PYMNTS

JANUARY 29, 2019

prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. government charged Huawei Technologies , two affiliated companies and chief financial officer Meng Wanzhou with bank and wire fraud, as well as conspiracy in connection with business in Iran.

Fraud 130

Fraud Washington New York Conference 130

PYMNTS

JUNE 15, 2016

The FBI is warning about the increasing risk of wire transfer fraud. As part of its newly launched public awareness campaign on wire transfer fraud, the FBI provided tips to help companies detect and fight the threats. Billion | The amount hackers have attempted to steal from businesses using wire fraud between October 2013-May 2016.

Fraud 100

Fraud Data Report Company 100

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

Fraud 164

Fraud Marketing US Resources 164

PYMNTS

APRIL 9, 2019

The letter also calls on the Financial Conduct Authority (FCA) to investigate Lloyds Chief Executive Antonio Horta-Osorio, claiming he knew about the ongoing fraud as far back as 2011, but failed to initiate an investigation. Reports in City A.M. The scam has already led to the imprisonment of several former executives.

Fraud 122

Fraud Groups Report Regulation 122

PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. The company allegedly used Skycom as recently as 2013 as an “unofficial subsidiary” to import U.S.-made 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

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total. But that’s not all.

Taxes 144

Taxes Fraud Risk Management Data 144

PYMNTS

MARCH 12, 2020

Each sector and country encounters different fraud types that providers must be ready to detect and thwart. In a recent interview with PYMNTS, he discussed tailoring fraud-fighting to merchants’ needs and how attention to local trends primes processors to fight money laundering and misbehavior when taking their operations global. .

Fraud 130

Fraud Analysis Regional Examples 130

PYMNTS

NOVEMBER 6, 2019

Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm , a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. Fraud Faces the Machine. What is Affirm?

Fraud 100

Fraud System Cards Data 100

PYMNTS

MAY 5, 2020

According to BMA, Ripple didn’t have utility when it first sold XRP in 2013 — its sole value came from a speculative investment, and the $1.1 The firm also alleged that Ripple purposefully misrepresented its sale in order to puff up the price at which it could sell XRP. billion sale now is more than it had in any assets otherwise.

Puerto Rico 176

Puerto Rico San Francisco Fraud Bitcoin 176

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. The 62-year-old California resident will face a minimum of a decade in prison, according to the Department of Justice.

Bitcoin 130

Bitcoin Fraud cryptocurrency California 130

PYMNTS

JUNE 7, 2019

Allied Wallet , an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped facilitate fraud and launder money, according to a report by the Financial Times. The relationship between the two entities lasted from 2013 to 2018.

Fraud 108

Fraud Regulation Report Company 108

PYMNTS

MAY 16, 2018

Also noted by the site, Ernst & Young’s Global Fraud Survey has set its sights on compliance efforts. Local news stories show that fraud – across payroll schemes and otherwise – remains alive and well across the globe. The losses mounted amid double payments, irregular allowances and “ghost workers.”.

Fraud 100

Fraud Compliance Cleveland Ohio 100

FICO

FEBRUARY 18, 2020

But has this shift in consumer habits created a growing rideshare fraud problem? Since 2013, there has been a significant rise in TNCs’ market share in the US within this merchant category. Rideshare fraud provide an ideal testing ground for stolen card numbers, which are loaded into the ridesharing apps to fraudulently pay for rides.

Fraud 52

Fraud Cards US Regional 52

PYMNTS

MAY 12, 2017

speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. million in the U.S.

Fraud 128

Fraud ATM Google Study 128

PYMNTS

MAY 8, 2017

Cyber wire fraud via email had increased during the last seven months of last year, according to a new warning from the Federal Bureau of Investigation. billion from October of 2013 through December of 2016. billion from October of 2013 through December of 2016. The schemes are known as business email compromises.

Fraud 102

Fraud Report Security Trends 102

PYMNTS

AUGUST 17, 2018

To that end, a finance platform based in Switzerland, Advanon, has grappled with fraud, as reported by p2p-banking.com. The invoices were then financed by 78 private investors – and the fraud resulted in ill-gotten gains worth about two million euros. 1 of 2013 and the end of March 2018.

Fraud 100

Fraud Payments Wisconsin social media 100

PYMNTS

NOVEMBER 15, 2016

New York City has a new fighting chance against the proliferation of cyber fraud in the form of a state-of-the-art, $10 million digital crime laboratory. Security solutions provider RSA estimates a 173 percent increase in cases of mobile fraud worldwide between 2013 and 2015. is to the whims of cybercriminals. data breach ).

New York City 100

New York City Fraud New York Big Data 100

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

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. Another business, homewares company Sage and Clare, was out $7,360 after falling for such fraud.

Fraud 177

Fraud Cyber Security Data Software 177

PYMNTS

SEPTEMBER 10, 2019

billion has been lost to the Business Email Compromise scam between 2013 and 2018. It’s unclear how much money that company lost, while cyber experts also say it’s not certain whether such “deepfake” tactics will become the norm. Cybersecurity company Agari recently released data that estimates $13.5

Fraud 117

Fraud Payments Security Tools 117

PYMNTS

APRIL 14, 2017

The Association for Financial Professionals (AFP) came out with some scary statistics this month: B2B payments fraud is not only on the rise, but at its highest levels ever since the AFP began recording this information. much of the data offers a pessimistic outlook on how companies are at risk for payments fraud. “We

Fraud 101

Fraud Data Payments Survey 101

PYMNTS

MARCH 17, 2016

The scope of the December 2013 breach remains undisclosed at this time. American Express has disclosed a data breach that occurred more than two years ago and is actively encouraging customers to monitor their accounts for fraudulent activity.

Data 50

Data California System Security 50

PYMNTS

APRIL 10, 2017

That’s in addition to the $285 million Lloyds had already set aside to cover rising costs surrounding the issue, which stems from fraud and unfair fees on small business customers of HBOS before Lloyds acquired the company in 2009. “That this is taking so long is regrettable but understandable.”

Fraud 100

Fraud Report Groups Payments 100

FICO

MAY 17, 2019

In the past 6-12 months, synthetic identity fraud has skyrocketed and has been one of the hottest topics in the financial crimes domain. Many of us remember 2013 when the FBI announced that they had dismantled a major criminal ring committing credit card fraud. this presents a pernicious problem.

Fraud 75

Fraud US Cards Training 75

ZootBlog

MAY 18, 2016

This is the first in a two-part series as we look more deeply at fraud concerns and best practices for managing this ever-changing threat. Over the past couple of weeks we’ve been discussing fraud mitigation strategies on ZootBlog—everything from EMV chip cards to encryption, tokenization, and biometrics.

Fraud 67

Fraud Taxes United States Study 67

PYMNTS

DECEMBER 11, 2020

As goes banking, so goes fraud. PYMNTS December 2020 AML/KYC Tracker® done in collaboration with Trulioo probes the heightened fraud climate accompanying the mobile-digital shift, zeroing in on key aspects of prevailing in the digital fraud wars. It has ever been thus.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

AUGUST 21, 2020

But] we’ve been around since 2013 … and we’ve been growing year over year. Admittedly, the GetMyBoat platform is seeing its share of fraud during its volcanic 3,900 percent booking increase. But the company takes keeping boat owners and renters safe from fraud seriously.

Fraud 317

Fraud US Examples Tools 317

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

SEPTEMBER 9, 2016

PYMNTS recently spoke with Luis Rojas, vice president of product management for Guardian Analytics , an online banking security firm, about the effect of a faster processing environment, the potential for increased fraud and how to mitigate that risk. The Mountain View, Calif.-based People are bracing for a similar spike here,” he added.

Fraud 100

Fraud Analytics Data Payments 100

FICO

FEBRUARY 5, 2019

EnterCard, one of the leading Scandinavian finance companies, has sharply reduced its fraud rate and generated massive savings using the FICO ® Falcon ® Platform to combat payments fraud and communicate with its 1.7 Its achievements earned EnterCard a 2018 FICO ® Decisions Award for Fraud Control.

Analytics 53

Analytics Fraud Groups Customer Experience 53

PYMNTS

FEBRUARY 27, 2020

The judge disagreed with the complaint by Ripple that the lawsuit wasn’t timely because it was filed five years after XRP was offered in 2013. Bitcoin has been friendly to crime in the past, becoming popular for perpetrators of ransomware and fraud. XRP fell 8.2

Oakland 151

Oakland California Fraud New York 151

The Paypers

JULY 11, 2016

(The Paypers) Counterfeit fraud losses have declined steadily relative to other categories since the industry's EMV liability shift took effect, according to an Auriemma Consulting Group (ACG) study.

Fraud 28

Fraud Study Cards Groups 28

ZootBlog

NOVEMBER 23, 2015

There are more types of financial fraud to manage than ever before—debit and credit card, check, online banking, electronic, ACH—the list goes on. An example is cross-channel or multi-faceted fraud, where information is gained in one channel and used to commit fraud in another, making it even more challenging to combat.

Fraud 60

Fraud Security ATM Online 60