Current

DECEMBER 9, 2020

California unemployment benefits could help to see you through until your next job arrives. But signing up for California unemployment benefits can seem like a job in and of itself. In 2020, California unemployment benefits were critical for many people. In May 2020, for example, California's unemployment rate was 16.3%.

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CB Insights

JULY 9, 2021

Unit21 , a fraud prevention platform, has raised $34M in Series B. The round drew participation from Tiger Global Management, ICONIQ Capital, Gradient Ventures, A. The post This Tiger Global-Backed Company Raised $34M To Bolster Its Financial Fraud Detection Platform appeared first on CB Insights Research. Want the full post?

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Fraud Company California Analytics 72

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. The 62-year-old California resident will face a minimum of a decade in prison, according to the Department of Justice.

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Bitcoin Fraud cryptocurrency California 130

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity. Maybe a topic for next year?

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Conference Las Vegas Fraud Case Study 221

PYMNTS

OCTOBER 20, 2016

As if it couldn’t get any worse for embattled Wells Fargo, Los Angeles Times is reporting that the California Department of Justice is looking into criminal identity theft over the creation of the fake accounts. She also wants information about accounts Wells Fargo workers opened in other states.

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California Los Angeles Report Cards 100

FICO

FEBRUARY 16, 2023

California earned the dubious distinction of the top state for skimming event locations, with 47% of the total for the year. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

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PYMNTS

DECEMBER 13, 2016

California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. And the hits keep on coming for Wells Fargo.

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PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

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Fraud Missouri California Report 148

PYMNTS

MARCH 30, 2020

Keap, an Arizona-based customer relationship management (CRM) software and marketing platform for small business, announced a partnership with Stripe on Monday (March 30). As a result of the alliance, Keap customers will have access to Stripe Radar fraud protection tools.

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Payments Arizona Fraud America 159

PYMNTS

SEPTEMBER 8, 2020

1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. million was siphoned from one New Zealand business in a scam linked to invoice fraud. million per targeted attack. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1

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Company Los Angeles Fraud Data 174

PYMNTS

MARCH 2, 2020

That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA). That sounds ominous because it is, and CUs that don’t take identity fraud and cybertheft super seriously face losing more than what hackers steal.

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California Fraud Pennsylvania Community 130

PYMNTS

SEPTEMBER 12, 2020

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. 8) that the Securities and Exchange Commission (SEC) was investigating the company for alleged fraud. “We.

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Las Vegas Fraud Software California 210

PYMNTS

NOVEMBER 24, 2020

Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares. The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3

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Arizona Pennsylvania Capital Washington 264

PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

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Fraud Security Cards System 228

PYMNTS

JULY 19, 2020

Plaid is facing a lawsuit which alleges that it has violated users’ privacy and used customers’ private data in inappropriate manners for years, affecting over 200 million individual accounts, according to a court filing with the northern district of California. billion, PYMNTS reported.

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California Data Software Report 207

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

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Fraud social media Millennials Examples 133

PYMNTS

MAY 6, 2020

Federal and state officials are investigating Wells Fargo regarding the bank’s management of Paycheck Protection Program (PPP) loans. The lender is also being sued as part of a class-action lawsuit filed in New York and California. and Alexhd, LLC in California. The banks are accused of playing favorites with PPP applications.

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PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Data Management. Based in Finland and with offices in California, MariaDB offers enterprises an open source database solution.

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Analytics Data Capital San Francisco 189

PYMNTS

MARCH 27, 2020

California’s Pathlight announced a $7 million Series A funding round this week for its B2B technology that enables businesses to streamline day-to-day team management operations. Even so, an impressive $114 million was raised by U.S. Arkose Labs. Landing the largest funding round of the week is Plastiq , a U.S.

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Cards Fintech Capital California 181

PYMNTS

DECEMBER 9, 2020

His comments come at a time when California is arguably taking the lead in consumer data privacy protections. That translated, and still translates, into new ways of thinking about information security, and breaking down silos between departments and various risk management efforts. Looking At Trust .

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Regulation Security Data Course 234

FICO

NOVEMBER 30, 2022

Senior Director, Product Management. By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US).

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Fraud Management Customer Experience Strategy 52

Independent Banker

OCTOBER 1, 2022

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. Those banks that have rigorous in-house vulnerability management programs in place could comment on that to provide customers a higher level of comfort,” Hickok says. By Katie Kuehner-Hebert.

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Data How To Community Bank California 91

FICO

APRIL 20, 2023

One significant consideration for businesses turning to RTP is the potential for fraud in various forms, from fake invoices to mules requesting refunds for goods that were initially stolen. In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals.

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Survey Payments Fraud Management 52

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. Technology can help prevent such fraud, particularly that associated with beneficial ownership of company and using shell companies in support of fraudulent activities. The good news?

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Company Payments Fraud Meeting 163

FICO

APRIL 26, 2023

The challenge for banks is balancing the ease and convenience of RTP with fraud prevention for authorized push payment fraud (APP fraud) – without impacting customer experience. Better detection Overwhelmingly, customers want banks to improve their fraud detection capabilities to stop scams before they happen.

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Survey Fraud Management Customer Experience 52

PYMNTS

NOVEMBER 5, 2019

Launched in 2013, California-based Robinhood offers commission-free trading. In the meantime, the traders that have used this method could be held liable for the money and guilty of securities fraud, said Donald Langevoort, a law professor at Georgetown University. “If Robinhood didn’t say how many people were impacted by the mistake.

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Fraud California Security Apple 102

PYMNTS

JUNE 29, 2020

Connie Ngo , CertiK’s marketing manager, told CoinDesk in an email that the companies agreed “it would make sense to formally partner with one another as a public promise of Hdac’s focus on security and a symbol of CertiK’s ability to support larger enterprise-level solutions such as Hdac’s.”

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blockchain Security Bitcoin Boston 168

FICO

APRIL 8, 2020

Increased use of biometrics to verify identity is likely to continue – so what steps need to be in place in order manage identity using biometrics? If the device profile has also changed, you know there is a potential SIM swap fraud and prevent access or invoke step-up authentication. Identity validation. Authentication.

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Management Examples Meeting Security 52

CB Insights

DECEMBER 9, 2021

TRM Labs , a blockchain intelligence platform provider, has raised $60M in Series B round that drew participation from Tiger Global Management, American Express Ventures, Visa, PayPal Ventures, Square, and Citi Ventures. How’s the company performing?

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Software Compliance blockchain California 63

PYMNTS

DECEMBER 18, 2020

As had already happened with SolarWinds' networking management software, Microsoft products were then used to foist scams on others, Reuters writes. In addition to this latest attack, another also recently happened involving the California cybersecurity firm Fire Eye, less than a week ago. sources told Reuters. On Sunday (Dec.

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Report Software Security California 218

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. API management platform Cloud Elements landed an undisclosed investment from American Express Ventures, the companies said this week.

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Fintech Capital Security Fraud 188

PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. consumers are also upping their eCommerce mobile app use.

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Study Data Regulation Digital Banking 192

PYMNTS

FEBRUARY 20, 2020

You really need an application to connect [IoT platforms] — that network is critical,” Vikas Butaney, vice president of product management for technology and software solutions provider Cisco, told PYMNTS. “We California-based robotics firm Nuro has been the first to get permission from the Feds to test self-driving cars … so buckle up.

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Leadership Technology Security California 237

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Comprehensive data privacy laws remain a hot topic for state legislatures, with a number of states following California’s lead and passing their own version of the California Consumer Privacy Act.

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PYMNTS

JANUARY 31, 2020

The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes. It also failed to refund finance charges and fees in full after customers brought up legitimate disputes or fraud claims. It filed the complaint in the U.S. District Court for the District of Rhode Island.

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Rhode Island Lending Cards New York 116

PYMNTS

OCTOBER 20, 2017

PYMNTS takes a look at those cybersecurity firms, plus a few of the treasury management, blockchain and logistics firms that also grabbed fresh funding. This California-based startup has a particular cybersecurity focus: payments fraud. Feedzai provides its AI-based fraud management tool to banks and businesses.

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Capital blockchain Fraud Security 109

PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The company’s platform offers insurance for general liability, management liability, cybercrime and a range of other coverage.

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Policies California United States Management 191