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US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

District Court for the Southern District of Florida with wire and bank fraud and conspiracy for seeking $24 million in forgivable PPP loans. They were charged with conspiracy to commit bank and wire fraud, bank fraud, wire fraud, false statements to a financial institution and money laundering.

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Data Breaches Impact Unemployment Benefit Applicants In Four States

PYMNTS

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers. a Little Rock, Arkansas software company, developed the jobless benefits system for $3 million.

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Goldman Sachs Denied Dismissal Of Class-Action Lawsuit Over Subprime Mortgages

PYMNTS

The class-action lawsuit – the Arkansas Teacher Retirement System v. The court dismissed Goldman’s assertion that class-action lawsuits based on “general” statements should not be allowed because it could cause securities fraud claims to become “a form of investor insurance” triggering waves of warrantless litigation. “We

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Payments Processor nCourt Left Years Of Data Exposed

PYMNTS

Payments processor nCourt , used by Arkansas and Oklahoma to collect court and utility fees, has apparently left years of user data unsecured, according to a report by TechCrunch. nCourt runs two court payment sites in the aforementioned states: courtpay.org and utilitypay.org.

Data 141
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Small banks' battle to thwart unemployment scams

American Banker

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

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Why Voice Authentication’s Doing Prison Time

PYMNTS

Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers. Department of Defense (DOD) or NATO , for instance.

Fraud 161
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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

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