PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

Fraud 110

Fraud Security Retail Tools 110

PYMNTS

MARCH 8, 2019

United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions, when selling the currency. Ignatov is from Bulgaria and was charged with wire fraud conspiracy. She disappeared in October of 2017 and is still at large.

Fraud 123

Fraud Las Vegas cryptocurrency United States 123

PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

Security 100

Security Payments Boston Fraud 100

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Security 131

Security Fraud Analytics Tools 131

PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 According to the report, 3ve (pronounced “Eve”), which is what the group called its online ad fraud campaign, was active since 2014 but could have been around for longer.

Google 128

Google Fraud Online Operations 128

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. He was promoted to President and CEO in 2008. In 2019, it expanded by buying its fourth branch from a competitor.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. The rule of thumb here is that after committing account takeover fraud, those fraudsters lie in wait before using the stolen account.

Fraud 159

Fraud Risk Management Customer Experience Trends 159

PYMNTS

JUNE 22, 2020

Prosecutors allege Vinnik operated BTC-e without anti-money laundering (AML) controls and policies, which resulted in criminals laundering proceeds derived from illegal activities. Authorities also claim Vinnik operated several BTC-e accounts, including some tied to thefts from other virtual currency exchanges such as Mt.

Bitcoin 181

Bitcoin United States Fraud Policies 181

PYMNTS

FEBRUARY 21, 2020

A taxicab medallion is a numbered plate required to operate a yellow cab. James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent.

Fraud 223

Fraud New York City New York Taxes 223

PYMNTS

JUNE 17, 2020

The company has been doing this since 2017 when the Defense Advanced Research Projects Agency granted it funding the first time. The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. percent in 2017 to 6.7 Among the features is real-time scoring. billion transactions.

Fraud 101

Fraud Study ATM Training 101

PYMNTS

MAY 8, 2019

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. Fraud Allegations. days to pay their suppliers in 2017, an increase from 2016.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. million the defendants raised in 2017 and 2018.

Operations 115

Operations social media Bitcoin Security 115

PYMNTS

JUNE 4, 2018

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya , AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous four years combined, RT reported. researcher hadn’t quickly found and activated the kill switch.”.

Data 109

Data National Bitcoin System 109

PYMNTS

FEBRUARY 9, 2017

Brokers/dealers were concerned about the potential for consumers to exercise their rights under Regulation E to assert that a transaction was unauthorized up to 60 days after its settlement, despite the fact that securities settlement transactions are exempt from Reg. Beyond Securities Transactions. A Window Of Opportunity.

Security 100

Security Risk Management Conference Industry 100

PYMNTS

JUNE 10, 2020

This has increased the need for FIs to develop convenient mobile onboarding experiences, but those that lack confidence in their ability to secure such channels appear to be reluctant to offer them. They need to thoroughly vet new customers and comply with security obligations to prevent crime from proliferating. Tapping Mobile KYC .

Mobile 130

Mobile Security Examples Study 130

PYMNTS

JULY 31, 2020

The company has since been delisted, and Luckin has fired its chief executive officer and chief operating officer. Securities and Exchange Commission (SEC) is investigating Luckin, which is domiciled in the Cayman Islands. The Journal also noted that the U.S. Lu denied any knowledge to the paper.

Regulation 151

Regulation Fraud Report Security 151

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. What’s great about virtual conferences is that you can register , today, to attend.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59

PYMNTS

JUNE 14, 2019

The good news in the world of fighting fraud and cybercrime is that, by the numbers, the battle against the thieves has shown to be tipping toward the white hats. As GIACT EVP David Barnhardt noted in a recent conversation with Karen Webster, overall fraud dropped 15 percent between 2017 and 2018.

Fraud 100

Fraud Industry System Lending 100

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

Fraud 182

Fraud Payments Compliance Regulation 182

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

Survey 52

Survey Fraud Cyber Security Compliance 52

PYMNTS

NOVEMBER 18, 2020

18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We It fell slightly, hitting 17,542.52 as of 3:39 p.m.

Bitcoin 151

Bitcoin Report cryptocurrency Security 151

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Cloud computing’s scalability, flexibility and cost-efficiency are facilitating AP automation adoption.

Software 223

Software Fraud System Survey 223

PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. I could use the app to build upon it, or build my profile” from other sources of data, such as Social Security data.

Mobile 100

Mobile Fraud Security Data 100

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The biggest obstacle is that the major card networks are setting the standards for how payment networks operate, Martz said.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JULY 29, 2019

These FIs are increasingly relying on AI and automation not only to secure platforms and streamline their back-office operations, but also to improve their customer-facing services. The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

PYMNTS

JULY 12, 2020

Dunzo said it has taken steps to secure the gaps in its system and added additional layers of security protocols. The company operates in Bengaluru, Delhi, Gurugram, Pune, Chennai, Jaipur, Mumbai and Hyderabad, Money Control reported.

Google 200

Google Data Security Course 200

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.

Taxes 134

Taxes Fraud Operations Security 134

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

MAY 1, 2019

To recap, the AG accused Tether (of the Tether stablecoin) and the Bitfinex operator of possibly defrauding crypto investors. Bitfinex is the cryptocurrency exchange that last week was swept up in an investigation over a coverup alleged by the New York State Attorney General to have involved as much as $850 million in losses.

Bitcoin 139

Bitcoin Fraud New York cryptocurrency 139

PYMNTS

SEPTEMBER 21, 2020

Among the scams highlighted include HSBC in Hong Kong, which allowed a $15 million Ponzi scheme to move its money even after the business was being barred from operating in three states. Between 1999 and 2017, FinCEN flagged more than $2 trillion in suspicious transactions.

Report 279

Report North Carolina United States New York 279

PYMNTS

JUNE 13, 2019

But recent cybersecurity and fraud incidents connected to Amazon could serve as warnings to the B2B commerce ecosystem: If Amazon can fall victim to a hack, anyone can. and India in 2017. Amid that push, Amazon released stats on its B2B operations last year, noting that Amazon Business is growing faster than its retail operations.

Fraud 139

Fraud Retail Industry Fintech 139

PYMNTS

MARCH 7, 2019

According to CNBC , the Senate Homeland Security and Governmental Affairs Subcommittee on Investigations is holding the hearing, and has also released a report on how Equifax handled its data security leading up to the data breach that resulted in 143 million people’s credit card data being exposed.

Security 117

Security Meeting Leadership Data 117

PYMNTS

SEPTEMBER 24, 2020

FIs that offer remittances must also comply with a variety of regulations intended to help ensure that terrorists and other criminals are unable to abuse the services to finance illicit operations and hide ill-gotten funds. Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up.

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

JUNE 30, 2020

A summary of Wirecard ’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet. The firm reportedly said it worked with 170,000 small companies and 33,000 large and medium-sized merchants in 2017.

Regulation 222

Regulation Report Operations Payments 222

PYMNTS

APRIL 12, 2019

It’s no secret that fraud is evolving as the bad guys and bad girls look to stay one step ahead of the ones wearing the white hats, warding off fraudulent transactions with the aid of prudence and good technology. Thus, business email compromise fraud (BEC) is evolving too.

Fraud 116

Fraud Examples Resources Security 116

PYMNTS

JUNE 2, 2020

In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 Ultimately, Wotoken stole an estimated $1 billion in crypto from more than 715,000 victims, with one operator having ties to the $118 million PlusToken Ponzi scheme earlier this year . billion, and could exceed the 2019 loss of $4.5

Report 131

Report Bitcoin ATM cryptocurrency 131