PYMNTS

MARCH 23, 2018

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. Bitcoin was trading at $8,505.18 The new service will include blockchain tools for developers of a wide range of apps that serve a variety of needs, from supply chain data tracking to insurance fraud prevention. as of 4:24 a.m., according to CoinDesk.

Bitcoin 116

Bitcoin cryptocurrency blockchain Report 116

PYMNTS

JUNE 17, 2020

The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

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PYMNTS

SEPTEMBER 20, 2016

While various criminals have tried it, the “bitcoin isn’t money, therefore I can not be guilty of a financial crime” defense never really works out. District Judge Alison Nathan in Manhattan as she rejected a motion to dismiss two charges against Anthony Murgio related to his alleged operation of Coin.mx.

Bitcoin 100

Bitcoin New York Resources Operations 100

PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., The price of bitcoin reached $607.31

Bitcoin 100

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PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies.

Policies 116

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Perficient

SEPTEMBER 16, 2022

Consumer protection – Concern for the consumer was emphasized throughout the letter as the FRB highlighted risks to the public due to price volatility, misinformation, fraud, as well as the outright loss or even theft of assets. Engaging in Crypto-Asset-Related Activities: A Federal Reserve Checklist. Financial risk. Legal risk.

Compliance 275

Compliance Risk Management System Regulation 275

PYMNTS

MARCH 15, 2020

The March 10 letter outlined nine items that the agency expects cryptocurrency companies to include it the plan, such as how operational disruptions would be handled and what is being done to protect its employees. . We have a standing Crisis Management Team continually reviewing new information as it comes in.

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PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

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cryptocurrency Fraud Security Bitcoin 193

PYMNTS

JUNE 8, 2020

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex. The group managed to get $12 million from 2,000 investors, Coindesk reports.

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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

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PYMNTS

NOVEMBER 22, 2020

Malicious actors have now managed to momentarily take control over several cryptocurrency platforms by scamming employees at GoDaddy, the domain hosting service for these sites, in multiple attacks. 18, NiceHash discovered that hackers had been able to briefly redirect email and web traffic to privateemail.com, operated by Namecheap Inc.

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cryptocurrency Bitcoin Security Innovation 131

PYMNTS

APRIL 6, 2018

According to news from The Wall Street Journal , citing South Korean prosecutors, officials detained Kim Ik-hwan, the chief executive of Coinnest — the country’s sixth-largest cryptocurrency exchange based on bitcoin trading volume — and the head of another bitcoin exchange that was not named.

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PYMNTS

SEPTEMBER 18, 2018

EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition. Bitcoin , however, is far behind, taking 17th place. The company has since confirmed the hack.”.

Security 186

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PYMNTS

MAY 16, 2016

fleet managers consider fuel card fraud a major issue , found oil giant Shell in its first Fraud Matters report on the fleet card industry. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. Those services include bitcoin and peer-to-peer lending, analysts said.

Fintech 108

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PYMNTS

SEPTEMBER 11, 2019

Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud. Granting a license would be contingent on managing those risks, according to reports.

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PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. For example, our Fraud Desk department is a business model innovation we came up with to help customers who need to augment their fraud operations that go beyond our models/products.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

JUNE 26, 2017

victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. The actors charge varying amounts in bitcoin to provide the decryption keys to the victim.”. bitcoin, or about $4,600, is the price. “MSIL or Samas.A

Bitcoin 108

Bitcoin System Tools Operations 108

PYMNTS

JULY 27, 2017

Alexander Vinnik, the 38-year-old Russian man who is accused of being behind the BTC-e virtual currency exchange and bitcoin laundering $4 billion or more, has reportedly been arrested in Greece. Their respective operators have also been arrested.

cryptocurrency 100

cryptocurrency Bitcoin National Operations 100

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

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PYMNTS

APRIL 14, 2017

Primarily, blockchain technology is being used in the finance world among various monetary entities to securely transfer bitcoins or make monetary transactions. It’s one of the few technologies that has the potential to transform the way exchanges are made in different forms in today’s digital revolution.

blockchain 107

blockchain Bitcoin Regulation Technology 107

PYMNTS

NOVEMBER 15, 2017

Together, SAP and EY said they are pushing for corporate adoption of blockchain in the area of supply chain management, a common target of open-source blockchain projects. Their partnership deploys EY’s Ops Chain supply chain management solution built on distributed ledger technology.

blockchain 130

blockchain Analysis Tools Technology 130

PYMNTS

MAY 19, 2017

Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access. Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

Bitcoin 116

Bitcoin Security Software National 116

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”.

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PYMNTS

JANUARY 26, 2017

Frechtling outlined ways that G2’s whitepaper found cybercriminals have managed to take advantage of alternative payment systems and cryptocurrencies to run illicit activities. G2 found a criminal network operating illegal online pharmacies in Europe. One such method is what Frechtling called a “redirect.”

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PYMNTS

MAY 15, 2017

In China, individual users utilizing their Windows operating systems were impacted. Action Fraud, the U.K.’s s signals intelligence agency, who is now managing director of cybersecurity firm PGI Cyber, told Bloomberg. El Mundo reported attackers want a ransom paid in bitcoin, Bloomberg stated. Similarly FedEx Corp.,

Cyber Security 101

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PYMNTS

DECEMBER 26, 2016

Digital identities are one of the most powerful but underutilized tools in combating fraud and financial crime in real time, Gafke told PYMNTS. This is a fundamental change to the way institutions have historically managed risk,” he explained. A year ago, bitcoin was hot, and companies rushed to add bitcoin to their checkout form.

Payments 125

Payments Innovation Bitcoin Tools 125

PYMNTS

MAY 23, 2017

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. We don’t think that this is an operation run by a nation-state,” said Vikram Thakur, Symantec’s security response technical director.

Cyber Security 108

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PYMNTS

SEPTEMBER 6, 2016

In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Citing the PYMNTS Global Fraud Attack Index , Jenkins explained that there were 27 fraud attacks for every 1,000 transactions in Q4 2015, an increase of 215 percent over 12 months.

Security 100

Security CA Payments Big Data 100

PYMNTS

DECEMBER 6, 2019

operations. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets.” . Report: Crypto Fraud Losses Reach $4.4B The total volume of fraud tied to crypto shows losses in the range of $4.4 Top News . Fun, Cool and Otherwise Interesting .

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PYMNTS

JUNE 22, 2017

When most people picture the kinds of fraud and theft eCommerce had a tendency to attract, the popular mental image is of a fairly high-tech enterprise — hackers, crackers and data jackers vacuuming up card information en masse and either selling it to the highest bidder or using it to snag themselves some unearned lucre.

Online 134

Online Fraud Retail Survey 134

PYMNTS

MARCH 15, 2018

Or, at least, that’s the pessimist’s view — a more optimistic estimate puts the odds somewhere around 1 in 128 billion, which is a much more manageable statistical impossibility. It even managed to garner a $3.1 For those whose eyes glazed over on digit 15 or 16 in the above figure, that rounds out to about 1 in 9.2 quintillion.

Payments 108

Payments Millennials US Fraud 108

PYMNTS

MARCH 15, 2016

The security firms have identified more than half a dozen ransomware attacks over the last few months that seem to have similar techniques to those of the state-sponsored attacks used to gain unauthorized access to networks and software management services, Reuters reported Tuesday (March 15). All in, victims paid out about $24.1

US 100

US Software Apple Comparison 100

Vitalik Buterin

APRIL 16, 2019

One of the larger examples of “private censorship” in cryptocurrency communities was the decision of Theymos, the moderator of the /r/bitcoin subreddit, to start heavily moderating the subreddit, forbidding arguments in favor of increasing the Bitcoin blockchain’s transaction capacity via a hard fork. Deplatforming. I would argue, no.

Bitcoin 64

Bitcoin Conference Community cryptocurrency 64

FICO

APRIL 23, 2019

In between coloring eggs, if you picked up a paper or scrolled through a news site, you probably would have seen the news that $130 million cash was found at the house of the ousted president of Sudan and how the US government foiled a money laundering operation by drug traffickers using bitcoins. Money never sleeps, as they say.

Analytics 40

Analytics Compliance Fraud Analysis 40

CB Insights

JULY 20, 2017

Identity Management: This is the largest category in our market map and it houses some of the fastest growing subcategories across the cybersecurity industry as a whole. These companies address fraud, network access privileges and the management of login credentials, and offer products and services related to authentication.

Security 30

Security Company Compliance Marketing 30

CB Insights

AUGUST 14, 2018

“Our guests don’t want the Airbnb feel and scent,” said Christopher Norton, EVP of global product and operations at the Four Seasons, speaking to Fast Company a couple of years ago. “A lot of people who don’t ever operate in [the car manufacturing industry] don’t understand and have a tendency to underestimate.”.

Bitcoin 78

Bitcoin Apple Industry Nebraska 78

NCR

AUGUST 18, 2017

It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector. Identity management, know your customer (KYC) processes, and anti-money laundering (AML) are other areas that can be streamlined by blockchain technology.

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