PYMNTS
MAY 28, 2020
The bank robbers who decades ago would have pulled off in-person heists have in many cases instead become cybercriminals who hack into mobile accounts, purchase stolen credit card information on the dark web and impersonate customers online or over the phone. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.
PYMNTS
FEBRUARY 1, 2021
At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. An individual has pleaded guilty to wire fraud, bank fraud and money laundering charges.
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PYMNTS
AUGUST 23, 2018
Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.
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
PYMNTS
SEPTEMBER 17, 2018
Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.
PYMNTS
AUGUST 10, 2016
Newkirk issues identification cards for insurance plans, and in early July, it discovered a server that housed information on members of payer organizations was accessed without the proper authorization. An inquiry into it found access was first made in May.
CFPB Monitor
DECEMBER 1, 2016
Prepaid card complaints showed the greatest percentage decrease based on a three-month average, decreasing about 51 percent from the same time last year (August to October 2015 compared with August to October 2016). A majority of complaints (51%) involved fraud or scam by debt settlement or credit repair companies as the primary issue.
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