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. According to Krebs on Security , the $1 million goes to settle a lawsuit by 15 attorney generals stemming from that data breach.

North Carolina 100

North Carolina Massachusetts Security Data 100

PYMNTS

APRIL 8, 2019

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Riskified , which was founded in 2013 and is based in Tel Aviv, is potentially considering going public, possibly by 2020.

Fraud 181

Fraud Samsung Capital Online 181

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

MAY 5, 2020

A little-known Puerto Rican company, Bitcoin Manipulation Abatement (BMA), has filed a lawsuit against Ripple , accusing the blockchain firm of breaking rules when it ran a recent securities sale, CoinDesk reported. billion XRP sale with the relevant authorities. billion sale now is more than it had in any assets otherwise.

Puerto Rico 176

Puerto Rico San Francisco Fraud Bitcoin 176

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

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

MARCH 1, 2019

If preventative measures aren’t taken, however, faster payments could open the door to more fraud and cyberattacks. Fraud opportunities. Rapid, irreversible payments limit the time FIs have to conduct fraud checks before clearing payments, increasing the risks of fraud and cyberattacks. Security strategies.

Security 134

Security Payments Fraud Cards 134

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

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

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

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

FEBRUARY 27, 2020

Hamilton left a complaint by investors in place, which alleged that Ripple had been selling unregistered securities. 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. XRP fell 8.2

Oakland 151

Oakland California Fraud New York 151

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

JUNE 16, 2016

Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot says in a new federal antitrust lawsuit. It’s the latest large retailer to raise the security concerns, with a lawsuit filed this week in U.S. District Court in Atlanta. Even with chips, U.S.

Security 100

Security Cards Atlanta Fraud 100

PYMNTS

MAY 16, 2018

The report recommends a collaborative approach among information security and compliance team members. 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.

Fraud 100

Fraud Compliance Cleveland Ohio 100

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. Robert Holmes, a security professional for Proofpoint Inc.

Fraud 102

Fraud Report Security Trends 102

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.

New York City 100

New York City Fraud New York Big Data 100

PYMNTS

SEPTEMBER 10, 2019

While cooperating in all aspects of the investigation, we are devoting our utmost efforts to procedures for securing/recovering the leaked funds.”. billion has been lost to the Business Email Compromise scam between 2013 and 2018. Toyota said it would disclose amendments to its March 2020 earnings forecast documents if necessary.

Fraud 117

Fraud Payments Security Tools 117

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

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.

blockchain 145

blockchain Security Bitcoin United States 145

PYMNTS

MAY 10, 2016

The Federal Trade Commission (FTC) is running a security check on mobile devices. The agency announced yesterday (May 9) that it has issued orders to eight mobile device manufacturers to share with the FTC the details about their particular processes in issuing security updates in instances when their smartphones, tablets, et al.,

Security 100

Security Mobile Samsung Apple 100

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

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 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

MARCH 17, 2016

The scope of the December 2013 breach remains undisclosed at this time. Amex’s letter offered up various tips for account security and encouraged customers to sign up for instant notifications of potential suspicious activity. All cardholders are encouraged to review their statements, particularly in the next 12-24 months.

Data 50

Data California System Security 50

PYMNTS

AUGUST 24, 2016

The vulnerability allows an attacker to take over a device’s internet traffic through a TCP connection, enabling secure connections to be exposed in nearly 80 percent of all activated Android devices across the globe. percent of the Android ecosystem,” security firm Lookout explained in a blog post. “We was released in 2013.

Security 100

Security Google Operations System 100

PYMNTS

AUGUST 21, 2020

But] we’ve been around since 2013 … and we’ve been growing year over year. The GetMyBoat platform then integrated payments functionality, allowing owners and renters anywhere in the world to transact securely — often updating cross-border payments issues that have been a bane of the modern boat-renting world.

Fraud 317

Fraud US Examples Tools 317

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

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

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

MAY 2, 2019

That’s according to Onapsis, the security firm, which told Reuters it found new ways to exploit weaknesses in systems that weren’t patched correctly. Despite the fact that SAP issued information on how to correctly patch the vulnerability in 2009 and 2013, around 90 percent of affected SAP systems haven’t been secured.

Software 129

Software Security System Fraud 129

PYMNTS

NOVEMBER 5, 2019

Launched in 2013, California-based Robinhood offers commission-free trading. In the meantime, the traders that have used this method could be held liable for the money and guilty of securities fraud, said Donald Langevoort, a law professor at Georgetown University. “If

Fraud 102

Fraud California Security Apple 102

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

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

PYMNTS

DECEMBER 9, 2019

Securities and Exchange Commission (SEC) revoked it for “a string of frauds,” according to the Global Trade Review. The SEC said that by 2013, TOF was in serious trouble due to liquidity issues stemming from investor redemption requests and repayment obligations on loans the fund drew from international development banks.

America 131

America Fraud Groups Security 131

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. The Maryland Attorney General Brian Frosh announced Tuesday (Jan. In a press release , the Maryland AG said Neiman Marcus agreed to pay $1.5

Maryland 158

Maryland Cards Payments Data 158