PYMNTS

JANUARY 11, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. Mehta is represented in the matter by the California law firm Erickson Kramer Osborne. Robinhood, the lawyers state, hasn't kept up.

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California Security Training Report 240

PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud.

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Fraud Analytics New Jersey Data 128

PYMNTS

MAY 24, 2019

However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. Can Device Manufacturers and Governments See Eye to Eye on IoT Security?

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California San Francisco Charlotte Security 188

PYMNTS

AUGUST 16, 2019

A new Bluetooth security flaw was discovered that could leave users’ data unprotected and open to hackers, The Verge reported on Friday (Aug. The weakness was discovered by researchers who presented their findings at the USENIX Security Symposium. But the technology also makes it easier to counteract attacks.

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Security San Diego Data Illinois 121

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.

Fraud 228

Fraud Security Cards System 228

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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California Data Online New York 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

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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US Cyber Security Security National 227

PYMNTS

MARCH 30, 2020

The collaboration with California-based Stripe enables Keap’s more than 250,000 global customers to pay directly on an order form or invoice, and is designed to help customers improve checkout completion, fight fraud and scale faster, Keap said. Making this process easier and faster is a top priority for our customers.”.

Payments 159

Payments Arizona Fraud America 159

PYMNTS

FEBRUARY 20, 2020

Chinese firm Huawei Technologies is seen as being in the lead at present, as technologists in the West slog through issues around standards. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. Brave New World of 5G.

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Leadership Technology Security California 237

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

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

Technology 119

Technology Mobile Google Software 119

PYMNTS

DECEMBER 9, 2020

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. His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Data security is such an important topic,” he said.

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Regulation Security Data Course 234

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%).

Cards 98

Cards US Data Fraud 98

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

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

NOVEMBER 24, 2020

Metromile launched in 2016 and is currently available in eight states, including California, New York, Washington, Pennsylvania and Arizona. Metromile also licenses its cloud-based software to other insurance companies to help them increase efficiency, automate claims, reduce fraud losses and boost employee productivity.

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Arizona Pennsylvania Capital Washington 264

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

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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Trends Fraud Cards National 136

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., Companies in California and throughout the nation are entrusted with customers’ valuable private information.

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San Francisco District of Columbia Data California 172

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

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 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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Tools Fraud Data Security 143

PYMNTS

MAY 28, 2020

Google’s security experts had their hands full in April, as its Threat Analysis Group ( TAG ) emailed 1,755 warnings to users whose accounts were targets, the California-based global technology company wrote on its blog Thursday (May 27). APP was designed specifically for high-risk accounts.

Google 175

Google Report Security California 175

PYMNTS

NOVEMBER 2, 2018

In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. Mission Secure. Shape Security. Veritas Finance. Cloud Elements. W2 is a U.K.-based

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Fintech Capital Security Fraud 188

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. a mobile banking app.

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Mobile San Diego California Survey 130

PYMNTS

JUNE 27, 2019

Fraudsters are finding new ways to slip past technological defenses, which leaves banks constantly upgrading the tools used to keep them out. For better authentication, financial institutions (FIs) are experimenting with artificial intelligence (AI) and biometrics, attempting to create security measures that don’t frustrate consumers.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

MARCH 14, 2019

Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit.

New York 122

New York Data social media California 122

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.

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Company Payments Fraud Meeting 163

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Small Idea – It’s Our Kid’s Technology. It was a sobering thought to realize that we are all really building most of this technology for our kids. Complicated technology sucks, but mortality sucks more. Big Idea – Trends.

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Conference Technology Las Vegas Trends 195

PYMNTS

OCTOBER 20, 2017

Two cybersecurity companies came out on top, but they both focus their enterprise security efforts in different ways. Duo Security. The $70 million raise by Duo Security makes this cybersecurity startup the latest unicorn in the industry. This California-based startup has a particular cybersecurity focus: payments fraud.

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Capital blockchain Fraud Security 109

PYMNTS

OCTOBER 11, 2016

A letter sent to investors of Partner Fund Management said, “Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company.”. Theranos, a U.S. million in February 2014.

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San Francisco Delaware Arizona California 100

PYMNTS

NOVEMBER 3, 2017

Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness. Based in Finland and with offices in California, MariaDB offers enterprises an open source database solution. Expense Management.

Analytics 189

Analytics Data Capital San Francisco 189

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 23, 2018

Another round of attempts to get bitcoin exchange-traded funds approved by the Securities and Exchange Commission has failed. Bloomberg , citing the Securities and Exchange Commission, reported the government agency rejected bitcoin ETFs from ProShares , GraniteShares and Direxion , citing concerns that the funds would be easily manipulated.

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Bitcoin cryptocurrency California blockchain 102

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.

Trends 134

Trends blockchain California Security 134

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. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

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Regulation Data Regional Examples 175