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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

“The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. We are seeing gangs involved in drug trafficking and firearms offenses turning to fraud, targeting victims across the U.K. Fraud that was in turn prevented by the unit amounted to as much as $8.2

Fraud 180
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Theranos Thrashed By Investor Law Suit

PYMNTS

The suit was filed by San Francisco-based Partner Fund Management in Delaware Court of Chancery on Monday October 10. Holmes can no longer work in labs until the appeal is settled, and testing operations were shut down in Arizona. Theranos, a U.S. The firm faces civil and criminal investigations. million in February 2014.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers.