PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

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blockchain Security Bitcoin United States 145

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.

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Fraud Cyber Security Data Software 177

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

We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro , chief operating officer of boat rental and charter marketplace GetMyBoat , told PYMNTS. But] we’ve been around since 2013 … and we’ve been growing year over year.

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PYMNTS

AUGUST 24, 2016

A flaw that was previously discovered in the Android operating system’s Linux kernel is now believed to impact four in five devices, an estimated 1.4 According to Hacked , not only can attackers utilize the security flaw to obtain unencrypted traffic but also destroy encrypted traffic. “We was released in 2013.

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PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. They were shut down for violating unfair practice prohibitions.

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Taxes Fraud Operations Security 134

PYMNTS

MARCH 26, 2020

The company said it was looking into a “security incident” that involved unauthorized access with a third-party company. Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.” Zack did not say anything beyond that.

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PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. million settlement, the department store operator has agreed to take steps to prevent another breach from happening in the future.

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Maryland Cards Payments Data 158

PYMNTS

AUGUST 21, 2018

21) that it discovered a sophisticated cyber-operation named Dark Tequila, which has been targeting Mexicans for the past five years. The security software company said the suspected actor behind Dark Tequila is thought to be Spanish speaking and Latin American in origin. Kaspersky Lab announced on Tuesday (Aug.

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Analysis America Operations Security 112

PYMNTS

MARCH 18, 2019

A new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen significantly, according to a report in the Financial Times. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013.

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Report Innovation Study Security 124

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

Company 102

Company New York City Fraud Retail 102

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data. “One

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PYMNTS

OCTOBER 11, 2016

A letter sent to investors of Partner Fund Management said, “Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company.”. Theranos, a U.S. million in February 2014.

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PYMNTS

MARCH 26, 2018

Europol contends the group has been operating since 2013 and has members in 40 countries around the globe. They sent malware-infected emails to bank employees to access their networks and servers to engage in the fraud. The attackers targeted around 100 financial institutions. and across Europe.

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ATM Groups Fraud Security 101

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

PYMNTS

JANUARY 5, 2017

Researchers champion digital payments as a way to combat the security, speed and efficiency problems associated with paper checks. The research, also published by the AFP for its 2016 Electronic Payments Survey , found a 1 percent increase in the use of paper checks for B2B payments compared to levels seen in 2013.

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Payments Survey Fraud Software 100

PYMNTS

JULY 3, 2017

So-called “cheap flight” operators were once notorious for drip pricing, with the Office of Fair Trading (OFT) estimating that the airline industry alone was charging consumers £300 million a year (that’s $379,672,500 USD) in card surcharges at its peak. The Rise of CNP Fraud. Complex Cross-Border B2B Payments. Consumer Protection.

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Online Payments Fraud Cards 112

PYMNTS

AUGUST 8, 2017

According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million. The Federal Trade Commission (FTC) announced news on Monday (Aug.

Cards 112

Cards Fraud America Lending 112

PYMNTS

AUGUST 1, 2018

Europol contended that the group has been operating since 2013 and has members in 40 countries around the globe. The attackers targeted around 100 financial institutions (FIs), sending malware-infected emails to bank employees to access their networks and servers to engage in the fraud. Asia and Europe. economy.

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Groups United States ATM Fraud 101

PYMNTS

JULY 28, 2017

The Korea Financial Security Institute is now reporting a second group using Lazarus that has been attacking South Korea since 2013. North Korea now cares more about making money than causing disruptions or cyberterrorism,” said Joon Kim, owner of Naru Security Inc., The data was largely sold to consumers in China and Taiwan.

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PYMNTS

JUNE 4, 2018

The combination of leaked National Security Agency (NSA) tools, plus state-sponsored capabilities, triggered a systemic event,” Mark Camillo, head of cyber for EMEA at AIG, said in a statement. researcher hadn’t quickly found and activated the kill switch.”. “The researcher hadn’t quickly found and activated the kill switch.”.

Data 109

Data National Bitcoin System 109

PYMNTS

DECEMBER 20, 2019

They engaged in a phishing scheme, sending emails to employees and agents of the companies, seeking outstanding bills and asking the companies to send money to accounts in Latvia and Cyprus that Rimasauskas operated, according to U.S. federal prosecutors. In a statement on Thursday, U.S.

Google 133

Google Maine Report Operations 133

PYMNTS

JUNE 14, 2018

But for some businesses, this risk can prevent them from obtaining the banking services they need to operate, according to Thomas Skala, chief executive officer and president of telecommunications and payments company Genie Gateway. This security, he added, is largely behind the development of Genie Gateway’s Check22 Platinum solution.

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Fraud Survey Cards Industry 101

Abrigo

MAY 5, 2022

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Fraud Prevention. Financial Businesses.

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Community Lending Maine Resources 195

PYMNTS

AUGUST 15, 2016

According to statistics from the Association of Financial Professionals, 50 percent of companies were still using paper checks as of 2013. We send payments electronically internationally; however, locally, we prefer the added security of having checks signed” was another frequent response.

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Survey Fraud Payments Data 100

PYMNTS

MAY 2, 2017

Rimašauskas has since been charged with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft. The news that the two tech giants were the victims of such an attack comes as instances of BEC fraud have been on the rise across the globe.

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social media Google Fraud Video 108

PYMNTS

MARCH 10, 2016

The FTC said in a press release that it filed its lawsuit in 2013 but that, before then, the people and entities banned had operated a “massive scam” that took money from consumer accounts without authorization.

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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.

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New York Fraud System social media 188

PYMNTS

SEPTEMBER 15, 2017

Diehards, however, are still crying “ hodl ” — the cryptocurrency community’s rallying cry, inspired by an enthusiastic misspelling of “hold” in a 2013 Reddit thread. What goes up must come down, as they say, and many are predicting that bitcoin’s time has come (or at least they’re hoping that’s the case). This week, U.K.’s

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Bitcoin cryptocurrency blockchain Regulation 177

PYMNTS

DECEMBER 6, 2018

Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

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Data social media Tools Video 116

PYMNTS

JULY 21, 2017

Their respective operators have also been arrested. But as of yesterday, Dutch police were reporting that Hansa Market has been under their control since June and that they’ve been using the last several weeks to operate the site and monitor the vendors and customers. You got this one law enforcement.”

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Marketing National New York Conference 100

PYMNTS

AUGUST 29, 2016

26) they seized around €1 million earlier in 2016 in connection with a operation that was being run on an online dark market. In a report by CoinDesk , a representative of Finland’s customs office said the online drug site was named Valhalla, which has been in operation since Oct. Finland customs agents announced on Friday (Aug.

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Online National Operations California 101

PYMNTS

JANUARY 16, 2017

The FTC said the leaders of the illegal operations, Justin Ramsey and Aaron Michael (“Mike”) Jones, had been sued by state attorneys general for telemarketing violations in the past. According to the FTC, the defendants made millions of robocalls during 2012 and 2013 from the DNC Registry.

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PYMNTS

OCTOBER 14, 2016

Many may turn out to be false positives and/or have nothing to do with SWIFT messages, but it is key that these reviews take place and banks’ environments are secured,” the Brussels-based interbank cooperative said in a statement in May. Companies that provide support services to those industries also appear to be targets.

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Security System Tools Data 100

PYMNTS

NOVEMBER 15, 2017

EY Ops Chain and SAP Leonardo will help companies quickly develop and deploy blockchain solutions that connect business operations across their systems, on a platform already widely used by companies worldwide.”. HPE said its distributed ledger technology (DLT) solution is faster and more secure than bitcoin or Ethereum blockchains.

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blockchain Analysis Tools Technology 130

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. said U.S. So, Now What?

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Lending Fraud Management San Francisco 135

PYMNTS

MAY 31, 2018

What these financial players need is a common language, a standard set of rules and operating procedures that they can use to work together efficiently. Originally debuted in 2004 and revised in 2013, it is intended to serve as a common platform for payments messaging between systems in the financial industry.

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System Payments Tools Industry 100