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.

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Fraud US Mobile Las Vegas 178

PYMNTS

OCTOBER 15, 2020

The FBI is warning homebuyers to be on the lookout for internet criminals who are sneaking into online conversations between buyers and mortgage companies or other participants in the sale process and providing false instructions that dupe purchasers into wiring funds to the criminals’ accounts, CNBC reported Thursday (Oct.

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Fraud Report America California 162

PYMNTS

JUNE 29, 2018

The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times.

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PYMNTS

SEPTEMBER 22, 2020

Fraud has soared during the coronavirus, spurred by the massive shift to digital that has left doors open for scammers. In addition, many people were banking online for the first time, and may have been unaware of the warning signs for fraud. .

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Report Fraud California Online 256

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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Fraud Apple California Innovation 141

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California.

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Security Capital Analytics Software 189

PYMNTS

OCTOBER 23, 2017

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. The Security Love Triangle. saving money) over security. When you get hacked, that’s what happens.”. B@d Pa$$w0rds.

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Fraud San Jose Security Data 133

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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California Taxes Online Meeting 52

PYMNTS

DECEMBER 27, 2016

Backpage.com Chief Executive Carl Ferrer, along with two controlling shareholders, are facing fresh charges from California Attorney General Kamala Harris, who last week filed a lawsuit alleging the online media company engaged in pimping and laundering money.

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California Google Report Online 101

PYMNTS

NOVEMBER 23, 2018

An anonymous researcher warned the publication of the security flaw on the USPS website. Perhaps more troubling is that the researcher allegedly warned USPS about the security issue a year ago but did not receive a response. “It seems like the only access control they had in place was that you were logged in at all.

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Security Data California Report 157

PYMNTS

DECEMBER 7, 2017

The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. The sales were for renters’ insurance and term life policies that are offered by four insurance firms via the referral program.

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California CA Regulation Policies 108

PYMNTS

MAY 12, 2019

According to a report in Reuters citing California Superior Court documents, Terpin won the civil judgment against Nicholas Truglia, who Terpin said was part of the scheme to steal digital tokens from him after gaining access to his mobile phone. That was 70 percent of all the fraud in 2018, reported Reuters, citing CipherTrace.

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Fraud US cryptocurrency California 116

PYMNTS

SEPTEMBER 29, 2016

One of the unintended consequences in the rise of eCommerce is a related rise in cyberfraud attacks on online shoppers. Since its founding, Shape Security’s clients — which count among them two of the world’s top airlines, both the world’s largest banking and hotel chains, one of the top 10 retailers in the world and “one of the largest U.S.

Online 100

Online Security Fraud Retail 100

PYMNTS

SEPTEMBER 24, 2020

These considerations are especially important during the ongoing coronavirus pandemic as the wave of legitimate customers now doing their banking online has prompted a corresponding spike in fraud. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand.

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Compliance Fraud Regulation Security 151

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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Fraud Cards South Dakota West Virginia 100

PYMNTS

SEPTEMBER 4, 2019

She noted that the consumer attitude toward their personal data and the security protecting that data is changing. “We In online commerce, though, friction is part of the equation. Financial institutions, she said, had been focused on fighting fraud at the expense of ease of use. Fraud, however, has evolved, too.

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Online Fraud Mobile Data 110

PYMNTS

JULY 10, 2020

Oakland, California-based issuer processor Marqeta, which is backed by Goldman Sachs, is preparing for an initial public offering (IPO) and seeking out investment banks for advice. Punjab National Bank Faces Third Major Fraud In As Many Years. A Digital ID Fix To Closing The Telehealth Security And Patient Confidence Gap.

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National Fraud Oakland Payments 130

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+. By Katie Kuehner-Hebert. Rehman Khan, Travelers.

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Fraud social media Millennials Examples 133

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. It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .

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Study Data Regulation Digital Banking 192

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.

Las Vegas 210

Las Vegas Fraud Software California 210

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

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware. Losses from those malware deployments came in at $70 million.

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Fraud North Carolina US Nebraska 131

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. In some cases, reports claim, billings from subcontractors were double what the subcontractor says it actually billed the developer.

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Company Los Angeles Fraud Data 174

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware. Losses from those malware deployments came in at $70 million.

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Groups Fraud North Carolina US 130

PYMNTS

DECEMBER 9, 2020

The pandemic has spurred consumers to go online for all manner of daily activities — and the fraudsters are following them. The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. Data security is such an important topic,” he said.

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Regulation Security Data Course 234

PYMNTS

JANUARY 8, 2020

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

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San Diego Cards New Jersey Massachusetts 130

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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Regulation Data Regional Examples 175

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. They are likely living life, now more than ever, online. “As

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Tools Fraud Data Security 143

PYMNTS

SEPTEMBER 8, 2020

The technology update “will help customers get access to funds securely and quickly,” the San Diego, California-based firm said, adding that the new release will give financial institutions (FIs) “even more control over” the mobile deposit feature. The goal is to streamline and automate the onboarding process.

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Mobile San Diego California Survey 130

PYMNTS

JANUARY 13, 2020

And beginning earlier in the month, new laws seek to tackle “rogue traders and online tricksters,” as denounced in a statement by Vera Jourova, the EU’s commissioner for values and transparency. That applies, too, to online ticket sales. A California CFPB? Penalties in the New Year.

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Data social media Regulation California 131

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.

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Payments Fraud Security Technology 172

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. firms were falling victim to online attacks, noting that there were 1,200 data breaches in the U.S.

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Data Security National Online 177

PYMNTS

JANUARY 20, 2019

Pinduoduo , the Chinese Nasdaq-listed Internet marketplace that lets consumers get discounts from merchants, announced Sunday (January 20) that an online collective stole tens of millions of yuan worth of discount vouchers. Reuters , citing Pinduoduo, said the group took advantage of a loophole on the platform to steal the vouchers.

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Apple California Fraud Regulation 148

PYMNTS

MAY 13, 2019

On March 14, 2019, Boost.com experienced unauthorized online account activity in which an unauthorized person accessed your account through your Boost phone number and Boost.com PIN code,” the company said. Boost did notify the California attorney general, which is required by law if more than 500 people are affected by the same incident.

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Mobile Fraud California Strategy 145

PYMNTS

AUGUST 28, 2019

California-based Imperva , a principal cybersecurity provider that works to prevent website breaches, has said it was hacked, The Next Web reported on Wednesday (Aug. The popular security vendor said its cloud-based firewall product exposed user data online, including email addresses, passwords, API keys and SSL certificates.

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Data California Security Policies 164

PYMNTS

JUNE 27, 2019

For better authentication, financial institutions (FIs) are experimenting with artificial intelligence (AI) and biometrics, attempting to create security measures that don’t frustrate consumers. In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities.

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Customer Experience Digital Banking Innovation Security 109

PYMNTS

NOVEMBER 7, 2019

PSPs face complexities when building secure, satisfactory payment experiences for European customers, as countries’ approaches to implementing SCA requirements differ. Merchants in California, for example, are bracing as the state prepares to launch its California Consumer Privacy Act (CCPA), due to debut in January.

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Regulation Survey California Retail 123