PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. Meng used a Hong Kong company known as Skycom Tech to do business with telecom companies based in Iran from 2009 to 2014. The presentation appeared to claim that Huawei operated in Iran in compliance with the sanctions.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. “We the ATM has been under siege, as cyberthieves have targeted the machines, up threefold since 2014.

ATM 100

ATM Fraud Mobile Regional 100

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

Fraud 120

Fraud Retail Cards National 120

PYMNTS

FEBRUARY 14, 2017

Lebedev and Gross are part of a group of nine people who are facing charges in the case, which was discovered during an inquiry in the data breach at JPMorgan, which the bank disclosed in 2014. That breach potentially impacted 83 million customer accounts, noted the report. According to prosecutors, Coin.mx

Operations 100

Operations Bitcoin Fraud Data 100

PYMNTS

JUNE 14, 2016

Recognizing that problem for station owner/operators, in 2014, Visa introduced the Visa Transaction Advisor (VTA) to help these retailers fight back, especially given the anticipated lag in equipping fuel pumps with EMV readers. As a result of that pilot, there was a 23 percent reduction in fraud.

Fraud 100

Fraud Operations Cards Analytics 100

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. One such attack by the group Unlimited Operations was able to net over $40 million.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

JULY 11, 2016

Late last week, The Register reported that 105 suspects of credit card fraud were arrested in Asia and Europe after a cybercrime ring was busted by authorities. The investigation spanned two continents and targeted the fraud gang, which was led out of Malaysia and eventually reached 14 countries in Europe.

Fraud 100

Fraud Cards ATM Groups 100

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 109

Security Data Fraud Regulation 109

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

NOVEMBER 16, 2016

Unless it’s fraud you are talking about. At the end of 2014, the average U.S. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of this year. Fraud attempts show that $7.30 The data is sobering.

Fraud 100

Fraud Retail Online Data 100

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 100

Security Data System New York 100

PYMNTS

SEPTEMBER 12, 2018

federal judge says that securities law applies to crypto fraud, China has a lead in an important patent area and a major bank makes a big investment push in cities. 11), touting the success of the operation four years after its launch. Judge Says US Securities Law Applies t o Crypto Fraud Cases.

Detroit 100

Detroit Chicago Fraud Washington 100

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. billion worth of the industry in 2014. A few other security companies are slated for their own floats, reports said, including Blue Coat Systems and Optiv Security.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

MAY 10, 2019

businesses operating in four distinct industry sectors, and violated the privacy of over 78 million people by stealing their PII. businesses. Benczkowski said in a press release. These defendants allegedly attacked U.S.

National 115

National Data Indianapolis Fraud 115

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. A September to Remember. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

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

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. He and an accomplice operated from Nigeria, targeting the U.S., The scams netted an alleged $25 million from 2014 to 2016. “In

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. BEC, the acronym for business email compromise scams, is getting its share of attention.

Washington 122

Washington Fraud Security Report 122

PYMNTS

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. Banking as a service makes it far easier for [entities] from startups to multinational corporations to access and create simple, fast, secure and transparent full-fledged financial products,” Athavale said.

System 165

System Management Tools Cards 165

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.”. million in February 2014. Theranos, a U.S.

San Francisco 100

San Francisco Delaware Arizona California 100

PYMNTS

JUNE 5, 2019

According to a report from Quartz , “over the past seven years, a New York City-based fraud ring allegedly stole more than $19 million worth of iPhones by posing as cell phone subscribers to get new devices at little or no cost. But cryptos have done a great job of acting as conduits to all sorts of fraud. Targeting Dead People.

cryptocurrency 132

cryptocurrency Fraud New York City social media 132

NCR

SEPTEMBER 7, 2016

Fraud continues to be a significant challenge for the financial services industry. As organizations within the sector expand the number of channels within which they operate, they must keep one step ahead of criminals looking to take advantage of any weak links. The organization claimed fraud has risen 71 per cent over the last decade.

Fraud 40

Fraud Cards Study Software 40

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. may actually be putting users’ security at risk.

Security 100

Security Data US Trends 100

PYMNTS

OCTOBER 28, 2019

A security researcher discovered that credit card-stealing malware was inserted into the code of the American Cancer Society’s online store, according to TechCrunch. He said they’re a “thriving criminal underworld that has operated in the shadows for years.”. Magecart is only now becoming a household name,” he added.

Groups 101

Groups Cards Security Analytics 101

PYMNTS

OCTOBER 28, 2019

A security researcher discovered that credit card-stealing malware was inserted into the code of the American Cancer Society’s online store, according to TechCrunch. He said they’re a “thriving criminal underworld that has operated in the shadows for years.”. Magecart is only now becoming a household name,” he added.

Groups 100

Groups Cards Security Analytics 100

PYMNTS

DECEMBER 18, 2019

PYMNTS recently spoke with Caroline Larson, Caribou Coffee’s senior director, about how the chain switched Caribou Perks from a surprise-and-delight model to a points-based system, as well as how it keeps its mobile app secure. Caribou’s current rewards system is quite different from what was offered when it debuted in 2014, Larson said.

Mobile 130

Mobile Innovation System Security 130

Banking 2020

JANUARY 29, 2016

Protecting a financial services organization against fraud requires much more than a strong password policy and client education. The sophistication of cyber attacks and high risk of fraud necessitate a comprehensive anti-fraud program that includes policies, processes and technologies. Step 2: Perform a root cause analysis.

Fraud 40

Fraud Analysis Policies Training 40

PYMNTS

JUNE 16, 2018

Using Masterchain will reduce operating costs by up to five times, the white paper claims, and will accelerate contract processing. European Union sanctions against Russia for its annexation of Crimea in 2014 sparked concerns that SWIFT may remove Russia from its system.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

AUGUST 14, 2017

Researchers at FireEye, the security firm, said in a research report covered by Reuters that the Kremlin hackers were aiming to steal the password credentials for business travelers and Western government officials using Wi-Fi networks in hotels mainly in eight countries in Europe. Benjamin Read, manager of cyber espionage analysis for U.S.-based

Report 167

Report Maine Security Analysis 167

PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. We have already been able to expand operations to the U.S. The company is based in the U.K.

blockchain 100

blockchain Tools Compliance Security 100

PYMNTS

AUGUST 12, 2019

The latest Subscription Commerce Tracker explores how subscription-based businesses are adapting to an ever-changing market, and how they keep their payments experience secure and how new models are emerging to stay competitive. What Security Means For Subscriptions.

Retail 118

Retail Video Security Software 118

PYMNTS

JUNE 19, 2017

Bertrand was charged with 20 counts of failing to pay federal income taxes, Medicare and Social Security for the company’s employees between 2010 and 2014. Karson said that Soupman’s goal is to keep the company’s soups on grocery shelves across the country and to continue business operations as usual. was about $594,000.

New York City 108

New York City Taxes New York Operations 108

PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” The data, which was processed from 2007 through 2014, was accessible to developers of third-party vendors without the Facebook users providing consent.

social media 134

social media Data Security Report 134

PYMNTS

JULY 27, 2016

According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get. While the illegal activities happened years ago, credit card fraud is a huge problem around the globe, costing credit card issuers billions of dollars.

Cards 100

Cards Fraud Operations Report 100

PYMNTS

OCTOBER 17, 2017

federal prosecutors were “building cases” against North Korea for the cyberattack, which has also been linked, in part, to the 2014 Sony Pictures hack. There is some good news, though: After the Bangladesh heist prompted SWIFT and banks to boost security controls, it does appear that Lazarus has had difficulty getting into the system.

Report 100

Report System California Groups 100

PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Supply Of Data.

Payments 195

Payments Data Fraud social media 195