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JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 million euros ($1.9 million) from its victims. And Azarus has raised $1.8

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FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. In addition, the SEC alleges Montroll and the exchange failed to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. In a parallel criminal case, the U.S.

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PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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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.

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OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. Coin Telegraph reported that Token Analyst found that almost 1.2

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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. Building The (Retail) Use Cases.

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PYMNTS

MAY 27, 2016

Gox bitcoin drama got a little more dramatic this week. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. Gox bitcoin.

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SEPTEMBER 28, 2017

When it comes to Bitcoin and other digital currencies, Morgan Stanley chief executive officer James Gorman sees potential, something with which his counterpart at JPMorgan does not agree. None of us operate in isolation in the ecosystem in which we live,” Gorman said. “If Speaking during a Wall Street Journal event on Wednesday (Sept.

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PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 billion in fraud and theft seen last year.

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PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

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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. “In

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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.

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PYMNTS

OCTOBER 21, 2018

JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in droves. The CEO also sees technology as the key way to address and fend off cyberattacks and financial fraud.

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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.

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PYMNTS

FEBRUARY 26, 2019

It was designed to settle transactions with clients of its wholesale payments operation, mainly for international and securities transactions related to blockchain. Currently, the digital token is being tested inside the bank with corporate clients, unlike bitcoin , which is open source and can be accessed by anyone.

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PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities. Bitcoin Role.

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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

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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PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. Hard Fork reported that Matjaz Skorjanc, the co-founder of NiceHash, was reportedly taken into custody on Monday (Sept.

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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. Financial risk. Legal risk. Compliance risk (including, but not limited to, compliance with.

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MAY 27, 2016

I was reminded yesterday in my digital discussion with the CEO of Forter, Michael Reitblat, that 83 percent of the fraud attacks last year were the result of botnets, besting some of the more “tried and true” tactics like account takeovers and phishing. Absurd seems to be a good word to use to describe the whole of bitcoin, too.

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OCTOBER 5, 2020

“Designing a CBDC that is universally accessible but that can be stored only at approved intermediaries is a technological challenge that should be investigated,” the bank concluded.

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OCTOBER 1, 2020

With the opportunities and advantages of operating a financial institution in the United States comes the obligation for those businesses to do their part to help in driving out crime and corruption,” Acting Manhattan U.S. As it stands, Braintrust is a completely distributed network and is in 15 nations throughout the globe.

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NOVEMBER 28, 2019

“We regret to inform you that Gladius Network LLC has ceased operations effective immediately and has filed for dissolution. Despite our best efforts, the company no longer has funds to continue operations. We still believe in the power of our technology, and if anyone in the community is interested in pursuing it we welcome it.”

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PYMNTS

SEPTEMBER 18, 2020

Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards.

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MARCH 11, 2016

As infamous bitcoin criminals like Ross Ulbricht have learned, it’s not impossible to get caught. And, as law enforcement has learned, the dark side of bitcoin has its perks. And then, there was Mark Karpelès, the former bitcoin tycoon, who is in police custody in Japan under charges of fraud andembezzlement for his Mt.

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PYMNTS

FEBRUARY 9, 2020

Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If What we find most concerning is that it causes not just direct costs, but also indirect costs of lost operations,” said Herbert Stapleton, FBI cyber section chief. “We and Europe.

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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. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

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AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. In simple terms, SPEDN processes transactions made with cryptocurrencies such as bitcoin, Ethereum and Litecoin, among others.

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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.

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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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FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. which the institution plans to deploy in its corporate payments operation. BitRail doesn’t yet operate in the B2B payments space. “Adoption is like water,” he said.

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Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Fraud Prevention. Fraud Trends. FinCEN Guidance on Cyber Fraud – Video.

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Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Fraud Prevention. Fraud Trends. FinCEN Guidance on Cyber Fraud – Video.

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PYMNTS

AUGUST 21, 2017

The banking industry is familiar with fraud schemes, and its solution of implementing security technologies in apps has significantly reduced the risk of theft of critical financial data,” Chebyshev said. Bitcoin Surges — And Faces Another Split. It has been a busy week for blockchain, particularly in the Bitcoin neighborhood.

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JULY 20, 2017

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money.

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PYMNTS

APRIL 14, 2017

The encrypted open source technology that records, stores and transfers information on a public forum in a secure manner to ensure no tampering takes place is truly unique. 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.

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