PYMNTS

MARCH 27, 2017

As far as cryptocurrencies have come in recent years, a number of security and fraud risk elements still remain. The ability to reliably tie cryptocurrency transactions to individuals could be a game changer for law enforcement. But developers are working to bring the seedier side of bitcoin to a close.

cryptocurrency 100

cryptocurrency Security Bitcoin blockchain 100

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

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Fraud National Security social media 78

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

AUGUST 28, 2019

We are excited to bring our secure and scalable technology to Azure customers as we continue working with Microsoft Azure Marketplace to develop cloud-enabled blockchain solutions.”. And the United Kingdom’s National Liberal Party (NLP) has posted what it believes is the only coherent policy regarding cryptocurrencies.

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Policies National cryptocurrency Bitcoin 116

PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. After that time, they purportedly stole ether, bitcoin and NEO to the tune of $20 million.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” The key phrase above is “any lawful business.”

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

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.

US 227

US Cyber Security Security National 227

PYMNTS

FEBRUARY 21, 2018

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

Bitcoin 132

Bitcoin Fraud Payments cryptocurrency 132

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. ” Similar predicaments of public image arise when a government falls victim to fraud. .

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PYMNTS

NOVEMBER 18, 2020

18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. While the digital coin has been going through waves in its price point, some analysts and cryptocurrency fans said they think the trajectory is uphill. MPC-based and cold storage crypto wallets are secured and were not compromised.”.

Bitcoin 151

Bitcoin Report cryptocurrency Security 151

PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Keeping An Eye On Fraud.

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PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

PYMNTS

APRIL 26, 2020

The site, coronaprevention.com, was posted on a hacker’s forum the day after the virus was declared a national pandemic by the President, according to a complaint. The owner of a site that wanted to sell fake coronavirus cures and accept payment in bitcoin has been seized by the U.S. Attorney’s Office for the District of Colombia.

Bitcoin 154

Bitcoin blockchain Fraud New York 154

FICO

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me.

Fraud 105

Fraud Course Examples US 105

PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. His charges involve Q3 telling investors the company used a proprietary algorithm that guaranteed returns trading on cryptocurrency.

Taxes 160

Taxes Bitcoin cryptocurrency New York 160

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The individual was charged with different contraventions of securities laws in a U.S. The SEC claims that the ICO served as an illicit unregistered offering of securities, the report stated.

Florida 151

Florida Lending blockchain National 151

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

cryptocurrency 101

cryptocurrency National Fraud Security 101

PYMNTS

JULY 16, 2019

A group of Venezuelan nationals filed a fraud suit in Florida federal court claiming they were duped into a Ponzi scheme involving cryptocurrency purportedly backed by diamonds. and cryptocurrency venture Argyle Coin of making bogus claims, Law360 reports. .

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cryptocurrency Florida Fraud Groups 115

PYMNTS

MARCH 29, 2019

According to The Next Web , fraudsters create fake campaign pages on Facebook and promote their posts using celebrity endorsements of a specific cryptocurrency. s national fraud helpline has found that in the 12 months leading up to March 19, investors lost over £15 million ($19 million) to bitcoin scams. In addition, the U.K.’s

Bitcoin 116

Bitcoin blockchain Fraud cryptocurrency 116

PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. The debate still hinges on what a security is.

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Marketing cryptocurrency Conference Security 109

PYMNTS

JANUARY 30, 2018

In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. must comply with federal securities laws.

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Texas social media FDIC Dallas 111

PYMNTS

NOVEMBER 15, 2019

German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20.

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DC social media Bitcoin cryptocurrency 100

PYMNTS

JANUARY 1, 2021

Beyond the specific operating activities of companies themselves, entire industries and activities within financial services are likely to face a broad swath of regulations — particularly in the ongoing efforts to stamp out fraud and abuse. In the nascent and burgeoning cryptocurrency space, the U.S.

Regulation 352

Regulation social media Course Apple 352

PYMNTS

APRIL 28, 2019

Between September and November of last year, $78,000 worth of cryptocurrencies held by investors living in Singapore were lost as the result of scams. The country is also the top of the list when it comes to general fraud schemes. This is just the latest crypto scam to hit the country.

Bitcoin 148

Bitcoin Fraud cryptocurrency National 148

Abrigo

NOVEMBER 11, 2021

The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. Usually, the ransom is a substantial amount of money or cryptocurrency. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. Usually, the ransom is a substantial amount of money or cryptocurrency. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

South State Correspondent

FEBRUARY 14, 2022

While real estate, airplanes, boats, and automobiles have a transparent chain of title, that title and associated purchase information are stored in various forms in various counties and cities across the nation. Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.)

blockchain 195

blockchain cryptocurrency Data Payments 195

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. A PYMNTS survey of a national sample of 2,147 U.S. Top Trackers And Reports. Why the disconnect?

Cards 151

Cards Data Mobile Survey 151

PYMNTS

JULY 28, 2017

The victims are usually forced to pay via cryptocurrency to get their data back and have a small timeframe to do so. Interpol had estimated more than 100,000 organizations across 150 nations had been hit by the malware, dubbed WannaCry. National Security Agency, and that there was more than 126,000 cases of fraud.

San Diego 101

San Diego Fraud National Google 101

PYMNTS

NOVEMBER 28, 2018

The UPnProxy vulnerability that was used more than a year ago as a National Security Agency (NSA) hacking tool is still going unpatched by hundreds of thousands of computers. Combined, Akamai is calling the new attack EternalSilince, noted TechCrunch.

Tools 135

Tools Security National cryptocurrency 135

PYMNTS

APRIL 26, 2019

Hackers are still using classified exploits built by the National Security Agency two years after they were stolen, this time to mine for cryptocurrency. In other cryptocurrency news, Cryptoinvest reported Thursday (April 25) Disney could acquire a majority stake in Nexon , the Korean gaming company.

Bitcoin 115

Bitcoin cryptocurrency blockchain Security 115

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

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blockchain National New York cryptocurrency 113

CFPB Monitor

JULY 6, 2021

The Priorities, listed according to FinCEN “[i]n no particular order,” are as follows: Corruption; Cybercrime; Domestic and international terrorist financing; Fraud; Transnational criminal organizations; Drug trafficking organizations; Human trafficking and human smuggling; and. The Priorities and Their Utility. Proliferation financing.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

MARCH 25, 2019

Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP.

cryptocurrency 196

cryptocurrency Compliance Fraud System 196