PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. In other news, the U.S. The SEC filed its complaint against Qin and Virgil Capital in the Southern District of New York on Dec.

Capital 175

Capital Security cryptocurrency Fraud 175

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” Every Transaction Is Assessed for Fraud. FICO’s patented and proven fraud analytic capabilities have helped organizations save $90 billion+ per year.

Fraud 98

Fraud Cards Analytics Mobile 98

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Cards 98

Cards US Data Fraud 98

PYMNTS

DECEMBER 16, 2018

The Office of the New York State Attorney General Barbara Underwood announced late last week it reached settlements with five companies whose mobile apps failed to keep user data safe when it was being sent over the internet. The companies under the settlement have to put in place comprehensive security that protects users’ data.

Security 139

Security New York Data Mobile 139

PYMNTS

DECEMBER 17, 2018

17) that it will strengthen the security of its app after receiving several complaints from users about charges that were made in error. Several consumers noted that they didn’t have the app installed, but their credit cards were billed for purchases they never made. Japanese payment provider PayPay said Monday (Dec.

Security 158

Security Payments New York Mobile 158

PYMNTS

JULY 8, 2020

Adding to the series of legal difficulties for Wirecard , the Justice Department is looking to see if the German payments company had an essential part in a purported $100 million bank fraud case involving a digital cannabis firm, The Wall Street Journal reported, citing unnamed sources. The FBI’s New York field office and the U.S.

Fraud 142

Fraud United States New York Maine 142

PYMNTS

AUGUST 5, 2019

Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change their personal identification numbers (PINs), TechCrunch reported on Monday (Aug. PINs are typically stored in a “particularly secure part of our systems.” . “No Monzo customers. In the U.S.

Security 116

Security Los Angeles San Francisco New York 116

PYMNTS

JANUARY 3, 2020

Parking meters in New York City won’t take credit cards because they weren’t programmed to get card payments after Jan. 1, 2020, according to a report by the New York Post. All through the five boroughs, people were reporting that meters wouldn’t accept credit card payments due to a software bug.

New York City 131

New York City New York Software Cards 131

PYMNTS

OCTOBER 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. According to the leaked data, card information for sale on BriansClub showed a steady increase of inventory. million card records for sale.

Cards 122

Cards New York City New York Data 122

PYMNTS

AUGUST 1, 2019

Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. Names, addresses, email addresses, dates of birth and phone numbers were all exposed, including the Social Security Numbers of 140,000 U.S.

Capital 122

Capital Data Cards Seattle 122

PYMNTS

OCTOBER 26, 2017

In New York, a worker at Chevron Phillips Chemical Co. And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. It’s a scary thought for any organization to consider that one of its biggest security threats may be coming from within.

Fraud 108

Fraud Payments Cards Policies 108

PYMNTS

OCTOBER 6, 2020

Case in point: The Wall Street Journal recently reported that the bankrupt owner of New York Sports Clubs and Lucille Roberts might have to pay out about $850,000 in chargebacks and refunds. The Fraud Factor. Of course, with the massive uptick in card-not-present transactions, fraud has been on an upswing, too.

Fraud 205

Fraud Exercises Examples New York 205

PYMNTS

APRIL 30, 2020

Feng Chen, 31, of Brooklyn, New York, was charged with alleged theft of U.S. mail that included some $12,000 in government stimulus checks, other checks and credit cards, authorities said. He was arrested after police found an open bench warrant in his name for criminal charges involving identity theft in New York County. .

New York 141

New York Fraud Cards Report 141

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Good news, of course, but that doesn’t mean the pressure is any less. Classic fraud deflection is rules-based.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. In partnership with the offices of eight state attorneys general (AGs), the New York division of the U.S. Postal Inspection Service, two U.S.

Maine 108

Maine Fraud Operations Survey 108

PYMNTS

APRIL 1, 2019

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

Las Vegas 124

Las Vegas Cards Data Los Angeles 124

PYMNTS

APRIL 2, 2018

Retailer Hudson’s Bay has disclosed that customers at Saks and Lord & Taylor stores in North America have had their payment cards compromised. The breach, which is believed to involve 5 million cards, would be one of the largest involving payment cards over the past year. A company spokeswoman declined to comment further.

Cards 108

Cards America New York Security 108

FICO

DECEMBER 7, 2021

But of course I bring my smartphone, which contains more of my life than ever before: credit and debit cards, vaccine pass, car insurance, and all manner of apps that I’ve woven into daily routines: Amazon and Walmart, PayPal and Venmo, drugstore, grocery and food delivery, banking, brokerage and more. A Launch Pad for Fraudsters.

Fraud 52

Fraud Cards Payments Course 52

PYMNTS

JULY 30, 2019

Software engineer Paige Thompson, 33, allegedly boasted about the hack and left crumbs for investigators to follow, The New York Times reported. Seattle-based Thompson was charged with one count of computer fraud and abuse following her arrest on Monday (July 30). I’ve basically strapped myself with a bomb vest,” Ms.

Capital 219

Capital Seattle United States New York 219

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

DECEMBER 20, 2019

Others are getting into the act, and quickly too, including New York City-based mobile store Bandit, various pop-ups and so-called “phantom kitchens” without seating from quick-service restaurants (QSRs) including Wendy’s and Chick-Fil-A. Fraudsters rely on this fact and tirelessly seek to exploit new openings. Chargebacks Bite.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 Cryptocurrency security firm CipherTrace revealed that crypto criminals have already stolen more than $1.2 Cybercriminals also developed ingenious new techniques to drain millions more from user accounts and wallets.

Report 153

Report cryptocurrency Fraud Bitcoin 153

PYMNTS

OCTOBER 23, 2018

The New York Attorney General announced that Wells Fargo & Company has agreed to pay a $65 million fine in connection with its “cross-sell” business model, related sales practices, and publicly reported cross-sell metrics. When the truth was finally made public, New York investors lost millions of dollars.

New York 139

New York Fraud Community Bank Strategy 139

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

Fraud 148

Fraud Missouri California Report 148

PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . About 140,000 Social Security numbers and 80,000 bank account numbers were compromised. . Reuters reported. and 6 million in Canada.

Capital 108

Capital Connecticut Washington social media 108

PYMNTS

OCTOBER 24, 2018

Fewer consumers use physical currency when making purchases, and are instead turning to more modern, digital methods of payment, particularly when making purchases online with debit cards. Fraud is a huge consideration for us,” Bonkowski said. The Future of Fraud Protection. and around the globe. and around the globe.

Fraud 166

Fraud Cards Online Data 166

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

JANUARY 18, 2019

Recently, Taco Bell opened three more Cantina venues in New York City. It’s easier for Taco Bell, Shake Shack and other major chains to leverage their existing reputations to get new customers to put their trust — and credit card information — into their apps. For the rest of the latest headlines, download the Tracker.

Mobile 164

Mobile New York City Fraud Security 164

PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

PYMNTS

FEBRUARY 3, 2020

He reportedly had two different PAN cards, which he used to create the initial 14 companies. The cybersecurity publication Naked Security reported that $6 million was stolen from a New York company via invoice fraud. . Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

Taxes 132

Taxes New York Fraud Report 132

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 100

Security Data System New York 100

PYMNTS

JUNE 22, 2016

The Norwegian Consumer Council has accused big bank DNB of overcharging customers 690 million kroner (approximately $83 million) for management fees related to “falsely active funds,” The New York Times reported on Tuesday (June 21). than cards used in Europe and elsewhere in the world. District Court in Atlanta.

Atlanta 101

Atlanta Security New York Cards 101

PYMNTS

JANUARY 20, 2020

In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment. There were also New York Post reports that the technology might make an appearance at Whole Food checkouts this year.

Payments 277

Payments Data Cards New York 277

PYMNTS

MARCH 25, 2019

Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to check the balance on his transit pass, and finds himself locked out at the turnstile. Building New Consumer Habits. cities in the next few years. Kirkpatrick mused.

New York City 179

New York City Los Angeles New York Training 179

PYMNTS

APRIL 24, 2017

A Russian hacker was sentenced to 27 years in federal prison for stealing credit card numbers and selling the data online, according to The New York Times. Seleznev was convicted for running a credit card and identity theft business out of his homes in Indonesia and Russia. “This prosecution is unprecedented.”

Cards 118

Cards US Seattle United States 118

PYMNTS

NOVEMBER 4, 2016

From a person’s payment information to their mother’s maiden name, hackers have everything they need to pose a legitimate customers and keep perpetrating fraud. Identity data is the critical currency for perpetrating online fraud. These are some grim results. According to Tripwire, they may just be a little too confident.

Data 100

Data Cards Retail Security 100