PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Epic Games indicated that the California-based tech firm has provided an extension without an end for fans to get into the survival game. Helping QSRs Fight Food Fraud. Top News . In the U.S.,

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PYMNTS

APRIL 10, 2019

authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation. The fraud, which resulted in more than $1.2 Medicare’s anti-fraud unit announced that it took adverse administrative action against 130 DME companies that submitted over $1.7

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PYMNTS

AUGUST 26, 2019

As reported, many of those indicted are Nigerian nationals. Attorney’s Office for the Central District of California. District financial department staff, according to reports, will now attend mandatory fraud prevention training before being allowed to authorize any payments, said the site. Late this past week, on Thursday (Aug.

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PYMNTS

MARCH 2, 2020

The February 2020 The Credit Union Tracker ® notes that many CUs already utilize the Automated Cybersecurity Examination Tool provided by the National Credit Union Administration ( NCUA ). That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA).

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PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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PYMNTS

JANUARY 13, 2020

in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. The PYMNTS January 2020 Digital Identity Tracker examines the issues, as well as advances in mobile biometric security, “deepfake” detection and more. The launch of EMV chip cards in the U.S.

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PYMNTS

DECEMBER 18, 2020

Sources couldn't say exactly how many people had been affected by the attacks, and the Department of Homeland Security (DHS) is continuing to investigate. In addition to this latest attack, another also recently happened involving the California cybersecurity firm Fire Eye, less than a week ago. The DHS said on Thursday (Dec.

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PYMNTS

AUGUST 12, 2020

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Last week, SocialCatfish.com , an identity verification nonprofit, reported U.S.

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PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.

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PYMNTS

MARCH 30, 2020

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. As Bryant said, the tool offers a way for CUs to measure the effectiveness of their fraud programs. “It

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Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Data How To Community Bank California 91

PYMNTS

FEBRUARY 20, 2020

We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. Security will need a top-down inspection as 5G becomes ubiquitous. Along with that come the same security and fraud concerns that attended the 4G/LTE world.

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Leadership Technology Security California 237

PYMNTS

JANUARY 12, 2021

In California, state and local police last month broke up a ring that allegedly used fake coupons to get merchandise for free or reduced prices, then brazenly resold the items at a Sacramento storefront. He said the problem also includes things like complex returns fraud, cyber frauds, near-perfect counterfeiting and more.

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PYMNTS

AUGUST 27, 2019

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal.

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Data Report Los Angeles California 122

PYMNTS

MARCH 19, 2020

Phone scammers claiming to be from the Centers for Disease Control and Prevention (CDC) are saying they have a vaccine to cure the coronavirus (COVID-19), and are asking for credit card and Social Security numbers from unsuspecting victims to reserve it, according to a report by The Verge. Do not fall prey!” Thank you.”.

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PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. During a hearing for the U.S. Equifax disclosed the hack in September of 2017.

Data 177

Data Security National Online 177

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

JUNE 15, 2018

After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court to settle a class action suit. Wells Fargo announced in May that it had agreed to pay $480 million to settle a securities fraud class-action suit.

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PYMNTS

JULY 28, 2017

In the spring, a massive cyberattack hit everything from the United Kingdom’s National Health Service, European automakers, Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries. National Security Agency, and that there was more than 126,000 cases of fraud.

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San Diego Fraud National Google 101

PYMNTS

SEPTEMBER 30, 2020

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

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Regulation Data Regional Examples 175

PYMNTS

OCTOBER 23, 2018

This new system would offer improved access to identity verification information, which could be used by businesses and the government to authenticate transactions and prevent fraud or cyberattacks. Scotland, meanwhile, is looking to distributed ledger technologies (DLTs) to develop secure digital identity credentials.

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Trends blockchain California Security 134

PYMNTS

OCTOBER 28, 2019

Disney is offering mobile concession ordering at its California and Florida amusement parks, and several universities are introducing similar options at their on-campus dining halls. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States.

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PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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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 total raised to date comes in at $70 million.

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Policies California United States Management 191

CFPB Monitor

MARCH 12, 2019

The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. Nearly half of these reported scams involved government imposters that falsely claimed to be from the IRS, Social Security Administration, other government agency to get victims to turn over money and/or personal information.

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Nevada Georgia Florida Delaware 74

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. million in Q2 of this year alone, with the value of loans held by credit unions now almost at $885 billion.

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PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. Securities and Exchange Commission has halted the trading of three companies based in Oregon after examining their balance sheets. United States.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

JULY 5, 2018

Regulators around the world continue to seek breathing room, asking for exemptions from the rule because, they say, it stymies cross-border law enforcement actions that focus on fraud and manipulations of markets.

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Regulation Data Exercises Online 102

PYMNTS

AUGUST 29, 2016

Earlier this month, federal prosecutors in California accused two men from Brooklyn of selling drugs on Dark Web marketplace AlphaBay. Almashwali, 31, a Yemeni national, and Farooq, 24, a Pakistani national, were charged last week with conspiracy and distributing heroin and cocaine.

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Online National Operations California 101

CB Insights

APRIL 10, 2019

The biometric software behind facial recognition applications can identify facial structures, contours, and expressions, making it a no-brainer for security and identification purposes. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps.

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Independent Banker

AUGUST 26, 2015

The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Anti-fraud measures also are built into electronic signature systems. Howard Schneider is a financial writer in California.

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San Francisco Lending System Atlanta 70

PYMNTS

JANUARY 7, 2019

Department of Homeland Security (DHS). As of late December, 40 states were compliant with the law (designed to bring a higher level of security, and confidence, to personal ID documents), as Jumio CRO Robert Prigge told Karen Webster in a new PYMNTS interview. However, progress continued, and as of Jan.

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South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). During the two weeks, there were over a hundred significant cyberattacks by nation-states on national and regional banks that you could watch unfold in near real-time (bel0w) at Gartner and Money 20/20.

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Fintech Labs Insights

NOVEMBER 12, 2015

Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. HQ: San Francisco, California. HQ: Glendale, California. HQ: National, Maryland. Source: WSJ.

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

SEPTEMBER 19, 2016

Ripple will use the funding, which takes the company’s total capital to more than $93 million , to grow its customer base and its team, as well as help secure strategic partnerships. Founded in 2012 and headquartered in San Francisco, California, Ripple demonstrated its technology as OpenCoin at FinovateSpring 2013.

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San Francisco New York Financial Technology Technology 12

PYMNTS

OCTOBER 8, 2018

And, according to recent research from the University of California Berkeley School of Information, the average fan who attends a Suns game spends about $82 on the experience, a total that includes the ticket, parking, a hot dog and a beer. That review turned up the attempted fraud, and the $500 million has been returned to Angola.

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