PYMNTS

JULY 14, 2019

Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

blockchain 140

blockchain Bitcoin Fraud social media 140

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

Fraud 178

Fraud US Mobile Las Vegas 178

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Studies abound on the impact of payments fraud, said Volmar. percent of fraud?”. It’s unlivable.

Security 101

Security Online blockchain Fraud 101

PYMNTS

AUGUST 19, 2019

Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. Corporate Wire Fraud.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

MAY 18, 2018

Bitcoin buyers beware: A new report in The Wall Street Journal has found hundreds of tech firms are using deceptive or fraudulent tactics to attract investors. One example used was the case of “Jeremy Boker,” who is listed as a co-founder of Denaro, an online-payment project that claimed to have raised $8.3

Bitcoin 102

Bitcoin Fraud Examples Security 102

PYMNTS

OCTOBER 26, 2020

million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue. On P2P marketplace Paxful , traders are selling up to $16.2

Bitcoin 169

Bitcoin cryptocurrency blockchain Video 169

PYMNTS

FEBRUARY 21, 2018

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

NOVEMBER 13, 2018

According to a report in The Next Web , scammers tweeted out links to scam giveaways that encourage users to send small amounts of cryptocurrency to have a chance at winning more than $31 million worth of bitcoin. Earlier in November, several European online retailers were victims of a similar attack, noted the report.

Bitcoin 180

Bitcoin cryptocurrency Retail Report 180

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 23, 2019

A new survey has found that 19 percent of bitcoin traders have been the victim of a hack on cryptocurrency exchanges, while 15 percent of consumers have been hit with crypto fraud. It is an exciting industry to be involved in, but it is one that is built upon trust.

Bitcoin 139

Bitcoin cryptocurrency Security Fraud 139

PYMNTS

OCTOBER 30, 2017

What’s more, the report quoted Ji as saying that China is aiming to enhance its regulations for all online financing businesses, and that all of the financing activity should at the very least be subjected to a basic amount of oversight. Bitcoin started the year at around $1,000 and is now trading at over $6,000.

Online 100

Online Bitcoin Regulation cryptocurrency 100

PYMNTS

JUNE 23, 2019

A new survey has found that 19 percent of bitcoin traders have been the victim of a hack on cryptocurrency exchanges, while 15 percent of consumers have been hit with crypto fraud. It is an exciting industry to be involved in, but it is one that is built upon trust.

Bitcoin 129

Bitcoin cryptocurrency Security Fraud 129

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

APRIL 21, 2020

Ripple said it wants to protect its customers from disingenuous online giveaways and impersonations pretending to be from the company. The giveaways, Ripple explained, constitute fraudulent online contests where people are told if they send money, they could get more in return, usually through airdrop.

social media 240

social media Fraud cryptocurrency blockchain 240

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Bitcoin is like a [crypto] 101 version.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. He attempted to conceal the evidence in part by using a bitcoin “mixing” service. . million in bitcoin.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

JUNE 7, 2016

BitGo , the online platform that has said it is among the most secure bitcoin wallets, was hit Saturday (June 4) with a massive DDoS attack. The firm has said that its platform helps eliminate the wait for bitcoin transactions to be settled, touting its near-instant completion of transactions.

Bitcoin 100

Bitcoin Security Management Online 100

PYMNTS

MAY 12, 2019

In recent weeks the price of bitcoin has been increasing. That was 70 percent of all the fraud in 2018, reported Reuters, citing CipherTrace. They were then able to reset passwords and then access his online accounts. Reuters noted that losses from the theft of cryptocurrency have increased to $1.2

Fraud 116

Fraud US cryptocurrency California 116

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

Bitcoin cryptocurrency Cards Community 100

PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. Crypto has been held up by critics as a conduit to fraud and money laundering. The mechanics and clumsiness of it all have not helped.

cryptocurrency 324

cryptocurrency blockchain Bitcoin Security 324

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. federal securities laws.

Operations 115

Operations social media Bitcoin Security 115

PYMNTS

NOVEMBER 28, 2019

And a hacking group has been mass-scanning the internet looking for Docker platforms that have application programming interface (API) endpoints exposed online.

Bitcoin 176

Bitcoin Community Groups Innovation 176

PYMNTS

DECEMBER 4, 2020

This week, Stripe introduced banking services, we get a glimpse of the EU's upcoming Digital Services Act and PYMNTS' data reveals online purchases ruled Black Friday. Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The Weekender can catch you up. Why the disconnect?

Cards 151

Cards Data Mobile Survey 151

PYMNTS

JULY 16, 2020

This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8 The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing.

Mobile 181

Mobile Payments System Bitcoin 181

PYMNTS

JULY 24, 2019

Security researchers Noam Rotem and Ran Locar discovered the database and reported their findings to TechCrunch. In other news, cryptocurrency loan startup YouHodler forgot to password protect a server, which led to customer credit cards and user transactions being exposed for nearly one month. The company then pulled the database offline.

Regulation 108

Regulation Bitcoin New York Online 108

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

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

OCTOBER 23, 2018

An Elon Musk message on Twitter – apparently a joke about bitcoin that fell flat – ended up causing the messaging and social media platform to lock down the account of the co-founder of both Tesla and PayPal. 22), featured a female anime character with bitcoin-branded garb, and text from Musk that read “Wanna buy some bitcoin?”

social media 115

social media Bitcoin cryptocurrency Course 115

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

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. KeyBank’s Costly Payroll Fraud Problem . A loss for KeyCorp – but by far not the weeks’ biggest, or most explosive case of fraud. Starting with. Bulgaria’s Big Breach .

Data 100

Data Security Fraud Indiana 100

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

APRIL 18, 2019

” The three men allegedly used a system to streamline their revenue as well, funding prepaid debit cards with bitcoin and withdrawing it as cash. . “They were a significant vendor,” said Nicolas Christin, a computer scientist at Carnegie Mellon University and tracker of the dark web. All three men have pleaded not guilty. “To

ATM 100

ATM Online New York Bitcoin 100

PYMNTS

NOVEMBER 21, 2017

According to a news report in The Next Web , Confido, which said it was developing a trustless payment network for online shopping, has taken down its website and its value declined 90 percent after letting investors know that a legal issue will stop development of its project for good.

Bitcoin 118

Bitcoin social media cryptocurrency Security 118

PYMNTS

SEPTEMBER 11, 2019

Fraud Trends. According to an earlier analysis of this particular fraud trend, Ronnie Tokazowski , senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. Fraud Crackdown. billion in 2018.

Fraud 163

Fraud social media Cards Bitcoin 163

PYMNTS

FEBRUARY 9, 2020

Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Companies paid an average of $84,116 in the last quarter of 2019 to get their files back from online thieves, according to data from security firm Coveware.

Data 189

Data New York Bitcoin Security 189

Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

United States 284

United States cryptocurrency Bitcoin National 284

PYMNTS

NOVEMBER 15, 2019

Founded in 2011 by Harald Seiz, the firm offered online purchases of “cryptonyzed gold” tokens, offering customers a commission to sign up other “affiliates.” German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme.

DC 100

DC social media Bitcoin cryptocurrency 100