PYMNTS

JULY 16, 2018

The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters , a private company, as well as its chief executive and part owner Bradley Hochstein. a unit of Security Group, donated $2,000 to CFPB acting director Mick Mulvaney during the run-up to the 2016 election, noted the report.

National 104

National Security Groups Company 104

PYMNTS

OCTOBER 13, 2017

Australian government agencies are reportedly plagued by company card fraud and misuse, according to new analysis from media company Fairfax Media. By certain accounts, some agencies are seeing more than $100,000 in misspend. Reports in the Sydney Morning Herald on Thursday (Oct. Reports in the Sydney Morning Herald on Thursday (Oct.

Fraud 100

Fraud Cards Company Analysis 100

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. As noted by The New York Times , some sophisticated attacks are surfacing, and they show bells and whistles such as artificial intelligence.

National 112

National United States New York Study 112

PYMNTS

JANUARY 10, 2019

The auditors found that misused EU funds totaled 391 million euros or $451 million in 2017, in line with the past four years, but the EU’s anti-fraud investigative office OLAF was only able to indict EU member states in 45 percent of cases. The auditors warned that a lack of staff or funding may force it to rely on national authorities.

Fraud 141

Fraud National Regulation Report 141

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. According to the National Association of Realtors, there were more than 106,000 real estate brokerage firms in the United States. of the United States GDP, with estimates exceeding $3.9

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

JUNE 2, 2017

Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. But how about when the machine feeds you? percent during Q1.

Fraud 109

Fraud Conference Online Samsung 109

PYMNTS

MAY 12, 2017

According to Director of National Intelligence Daniel Coats, smart devices are more than an attractive target for hackers for profit — they could also be the launching ground for attacks on U.S. intelligence efforts in the future. “Russia is a full-scope cyber actor that will remain a major threat to U.S.

National 101

National Security US Community 101

PYMNTS

FEBRUARY 20, 2017

But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. Turning a bit more inward, the 2016 U.S. In commerce, that process extends to ensure that the transaction has a good chance of succeeding, where buyers will get what they bought in goods or services and sellers will get paid.

Fraud 102

Fraud Innovation US National 102

FICO

JUNE 19, 2018

Last week, the National Board for Customer Disputes in Sweden, after reviewing cases referred to them, have ruled that banks should be liable for so-called "push payment" fraud losses over a certain amount. Authorised push payment fraud , or APP fraud, is gaining in popularity in the criminal community.

Fraud 67

Fraud Payments ATM Regulation 67

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 purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. companies, reports said.

Fraud 100

Fraud Cards Lending Analysis 100

CFPB Monitor

DECEMBER 1, 2016

The CFPB has issued its November 2016 complaint report which highlights complaints about “other financial services,” a category that includes debt settlement, credit repair, check cashing, and money orders. In February 2016, the CFPB began accepting complaints about federal student loans.

Oklahoma 60

Oklahoma Oklahoma City Rhode Island Report 60

SWBC's LenderHub

APRIL 1, 2016

Here are some of the cold hard facts from the 2016 Report to the Nations on Occupational Fraud and Abuse : For a business owner, it can be hard to think about your trusted employees engaging in dishonest or fraudulent activities that could harm your company, but the fact of the matter is, it happens more often than you think.

Fraud 60

Fraud National Report Company 60

CFPB Monitor

SEPTEMBER 28, 2016

The CFPB has issued its September 2016 complaint report which highlights complaints about money transfers and complaints from consumers in Pennsylvania and the Philadelphia metro area. In March 2016, the CFPB began accepting complaints about federal student loans. The CFPB began taking money transfer complaints in April 2013.

Pennsylvania 60

Pennsylvania Report Philadelphia Wyoming 60

PYMNTS

JANUARY 9, 2020

as there is in the rest of the world,” said Stephanie Martz, senior vice president and general counsel of the National Retail Federation (NRF) , the world’s largest retail trade association. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. million instances of fraud and two million computer misuse offenses in England and Wales alone. .

Fraud 74

Fraud Digital Banking Survey Security 74

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. The shift to e-commerce CNP fraud.

Fraud 84

Fraud Cards Security US 84

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. Getting ahead of what’s next.

Security 100

Security Mobile Las Vegas User Experience 100

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. . But individual consumers aren’t the only victims of identity theft.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

NOVEMBER 8, 2018

According to a report in Reuters , UBS is facing accusations of laundering the proceeds of tax fraud and illegally going after clients in France. The PNF (National Financial Prosecutor’s Office) has not provided details of the irrational way these amounts were calculated.

Taxes 128

Taxes Fraud New York Community 128

PYMNTS

NOVEMBER 10, 2019

Ukraine is coming to terms with international lenders to settle an aid agreement concerning the nationalization of Privatbank, the country’s largest lender, Bloomberg reported on Saturday (Nov. The relief solution comes as Ukraine promises to recover losses associated with the Privatbank’s nationalization. The group made $4.1

New Jersey 101

New Jersey Fraud National Groups 101

PYMNTS

MARCH 12, 2018

Fraud experts warn it could be a business-shuttering mistake to assume an SMB is less susceptible to fraud than large enterprises. This week’s B2B Data Digest examines the data released in PwC’s latest report, “ Pulling fraud out of the shadows.”. Worse, according to PwC’s Marino, this figure may be misleading.

Fraud 135

Fraud Resources Survey Data 135

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. billion USD. The effectiveness of the U.S.

Security 110

Security Report National Millennials 110

PYMNTS

NOVEMBER 20, 2017

Late payments, coupled with other headaches like fraud and card chargebacks, mix for a messy start to the new year. “But it’s clear late payments and issues around fraud continue to be a serious burden for these businesses and need to be addressed.” That includes fraud and chargebacks, analysts said.

Fraud 100

Fraud Survey Payments America 100

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland. Robertson controlled.”.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. More than 4.5

Security 129

Security blockchain San Francisco United States 129

PYMNTS

OCTOBER 22, 2018

In 2016, the Australian Tax Office pushed for a nationwide standard of electronic invoices. The retail sector’s adoption of eInvoicing standards was then followed by the launch of the Digital Business Council, which was developed for the sole purpose of creating a national framework of standardizing eInvoices.

Taxes 139

Taxes Fraud National Industry 139

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. The scams netted an alleged $25 million from 2014 to 2016. “In He and an accomplice operated from Nigeria, targeting the U.S., ” The Larger Trends.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

MAY 1, 2017

The controversy over SWIFT’s security flaws, especially those tied to its messaging terminals, has been growing since 2016. Federal prosecutors are building cases against North Korea that would point toward that nation as being behind the theft at the Bangladesh central bank.

Security 112

Security Fraud Resources Software 112

CFPB Monitor

FEBRUARY 1, 2016

The CFPB has issued its January 2016 complaint report which highlights “other financial service” complaints and complaints from consumers in New York State and the New York metro area. The most common issues identified by consumers were problems with fraud or scams (46 percent) and customer service or relations (21 percent).

Metro 60

Metro New York Montana Mississippi 60

PYMNTS

NOVEMBER 21, 2016

The Telegraph noted Three said the National Crime Agency is looking into the hack and that three people were arrested. Meanwhile, Three said in a statement that, during the last four weeks, it has seen an increasing level of attempted handset fraud. As investigations are ongoing, no further information will be provided at this time.”.

Data 100

Data National Fraud Course 100

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. Small businesses are also found to be adopting anti-fraud tools more slowly than larger companies, researchers said. Dive into the data below to make up your own mind. .

America 100

America National Capital Survey 100

PYMNTS

NOVEMBER 5, 2019

The latest entrant to the government-issued digital ID scene is France, which recently announced a new national identification program that leverages facial recognition biometrics to verify citizens’ identities. Synthetic identity fraud continues to grow, but far slower than when it ran rampant in 2015 and 2016.

Data 101

Data Fraud Security Trends 101

PYMNTS

MARCH 29, 2018

Conventional wisdom: Online fraud is becoming an increasingly serious threat, one that’s likely to get a lot worse before it gets any better. More than 160,000 cyberattacks were reported last year – more than double the rate recorded in 2016 – making 2017 the worst year on record. Fraud is a hot topic that consistently makes headlines.

Fraud 108

Fraud Compliance System Data 108

PYMNTS

JANUARY 28, 2019

citizen who was deported last year from Singapore over fraud and drug charges, reportedly posted the information online after gaining access to the registry from Ler Teck Siang, a doctor who had previously run the Ministry of Health’s National Public Health Unit. Farrera Brochez, a U.S.

Online 122

Online Data Fraud Report 122

PYMNTS

APRIL 18, 2018

Many remember the move by the government in November of 2016 to take high denominated currency out of the market to curb corruption. Also adding to the concern is the fraud at Punjab National Bank , the state bank that issued fake loans. That resulted in a run on the banks and India’s focus on moving to a cashless economy.

ATM 100

ATM National Maine System 100

NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. ” The fraud implications. The nuts and bolts of PSD2.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

DECEMBER 3, 2018

For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017. The bank claimed $2.4 million in losses under its cyber insurance policy, but the insurer disputed the claim and offered $50,000.

Virginia 184

Virginia Policies Security National 184