PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release. dollars between all of their accounts.”. Earlier this year, Ternio started to allow U.S.

cryptocurrency 267

cryptocurrency FDIC User Experience Security 267

PYMNTS

MARCH 8, 2019

United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions, when selling the currency. Ignatov is from Bulgaria and was charged with wire fraud conspiracy. The scheme amounts to fraud, prosecutors say.

Fraud 123

Fraud Las Vegas cryptocurrency United States 123

PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. Corporate Wire Fraud.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Financial Companies’ Security And Regulatory Obligations . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

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

MARCH 11, 2020

This year also kicked off the implementation of the Fifth Anti-Money Laundering Directive (5AMLD), which included among its provisions requirements that cryptocurrency companies be more vigilant in preventing financial crimes from being committed over their platforms. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide.

Fraud 150

Fraud Payments Guidelines Regulation 150

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 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. The EOS token is taken as a cryptocurrency in ICO.”. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.”

Security 186

Security cryptocurrency blockchain Bitcoin 186

PYMNTS

DECEMBER 11, 2020

As goes banking, so goes fraud. PYMNTS December 2020 AML/KYC Tracker® done in collaboration with Trulioo probes the heightened fraud climate accompanying the mobile-digital shift, zeroing in on key aspects of prevailing in the digital fraud wars. It has ever been thus.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy.

cryptocurrency 193

cryptocurrency Fraud Security Bitcoin 193

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. Aside from the political implications of such claims, The New Yorker ‘s report pointed to the fraud risks that organizations face, even from the C-Suite. It also highlighted the predicament that organizations face if a C-Suite executive is found committing fraud. In the U.S.,

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

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. Cryptos also help bad actors avoid sanctions.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

NOVEMBER 9, 2018

Silver Miller — America’s leading cryptocurrency investor law firm — announced it has filed lawsuits against AT&T and T-Mobile on behalf of crypto asset holders who were allegedly victims of “SIM swapping.”

Mobile 172

Mobile cryptocurrency Fraud Security 172

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.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

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

JUNE 17, 2020

The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

JANUARY 19, 2018

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading.

Operations 120

Operations Regulation US Bitcoin 120

PYMNTS

OCTOBER 2, 2019

The co-founder of a cryptocurrency hash power broker has been arrested in Germany over charges in the United States that he is one of several hackers who stole millions of dollars. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

blockchain 145

blockchain Security Bitcoin United States 145

PYMNTS

JANUARY 23, 2020

Cryptocurrency went from dark-web danger to high-tech investment opportunity seemingly overnight, and, as more consumers seek to use digital currency, more businesses are stepping into the space. The adoption of cryptocurrency among small- and medium-sized businesses (SMBs) may be larger than one might think.

cryptocurrency 145

cryptocurrency Fraud Payments Marketing 145

PYMNTS

JULY 16, 2019

Days after admitting to a hack that caused the loss of $32 million in cryptocurrency, Bitpoint Japan, a cryptocurrency exchange operator run by Remixpoint , said on Sunday (July 14) it has discovered an additional $2.3 This marks the eighth major cyberattack on a cryptocurrency in 2019 and is one of the largest.

cryptocurrency 128

cryptocurrency Security Survey Bitcoin 128

PYMNTS

AUGUST 21, 2020

In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Plus, Amazon has put some hiring on hold for its Alexa operation. Report: $50B in Cryptocurrency Moved Out of China. Report: Amazon Slows Alexa Staff Hiring to Improve Margin.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

PYMNTS

AUGUST 21, 2018

Amid the headlines about cryptocurrency fraud, hacked digital wallets, data breaches and synthetic identities, some methods of making off with ill-gotten gains may fly a bit under the radar — they may even seem quaint. In South Africa, there’s been a rise in debit order fraud.

Fraud 100

Fraud cryptocurrency Trends System 100

PYMNTS

AUGUST 10, 2020

A number of wealthy Indian business owners have succumbed as of late to scams that robbed them of their cryptocurrency, according to an India TV news report. Manan Shah , founder and CEO of Avalance Global Solutions , said he had seen “so many wealthy Indian falling into the trap of such fake cryptocurrency wallets in the recent past.”

Bitcoin 190

Bitcoin cryptocurrency blockchain Security 190

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

JANUARY 30, 2018

Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily. billion raised via controversial initial coin offerings (ICOs) have been lost to lapses in security, including phishing attacks.

blockchain 144

blockchain Security Software Tools 144

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S.,

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. The cryptocurrency now has a 27 percent loss YTD, despite gaining 46 percent in February when it was trading at $10,500.

cryptocurrency 150

cryptocurrency Bitcoin New York Regulation 150

PYMNTS

OCTOBER 4, 2019

Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent.

Fraud 108

Fraud Google Apple Chicago 108

PYMNTS

APRIL 15, 2019

Security solved. As it turns out, security researchers at Kaspersky Lab have found a darknet marketplace in which hackers are selling digital fingerprints. The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200.

Fraud 129

Fraud Data Security Ohio 129

PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

Security 202

Security Bitcoin Capital Analytics 202

PYMNTS

DECEMBER 9, 2020

Blockchain trade technology firm XREX has rolled out a cryptocurrency Exchange-as-a-Service (EaaS) technology called MyXchange. GUUD has sizable operations throughout Asia, and GUUD leaders have publicly announced intentions to grow in the region.

blockchain 175

blockchain Security cryptocurrency Regional 175

PYMNTS

JUNE 2, 2020

In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 Crypto intelligence company CipherTrace’s “ Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report ” revealed the thefts have escalated in the wake of the COVID-19 pandemic and ensuing global economic crisis.

Report 131

Report Bitcoin ATM cryptocurrency 131

PYMNTS

APRIL 26, 2020

According to the warrant, the seller then engaged with an undercover Homeland Security operative, talking about how cool it would be to sell “fake testing kits” with coronaprevention.com. The seller expressed a disdain that he couldn’t do it himself, not having enough funds to buy them from Chinese eCommerce site Alibaba.

Bitcoin 154

Bitcoin blockchain Fraud New York 154

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.”. ’ SEN is an important step toward changing this,” Joshua Rawlins, managing director of financial operations at Gemini, wrote in a blog post.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

SEPTEMBER 27, 2020

Russian telecom regulator Roskomnadzor looks to be targeting Binance , the world's largest cryptocurrency exchange, as a platform "disseminating prohibited information," according to Cointelegraph. In other news, illegal gambling gangs in China are using cryptocurrency to funnel over 1 trillion yuan ($146.6 24 of the news.

Bitcoin 210

Bitcoin Data cryptocurrency Regulation 210