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PointPredictive announces new fraud risk tech at Auto Finance Summit

BankInovation

LAS VEGAS – PointPredictive announced Wednesday during the Auto Finance Summit it has launched a new tool aimed at helping auto lenders minimize fraud risk.

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Payments Company Owner Gets Jail Time For Debit Fraud

PYMNTS

Gareth David Long, a 41-year-old Las Vegas resident, was sentenced to 70 months in prison for fraud for stealing money from victims’ accounts, the Department of Justice said in a press release. Long pled guilty in November of 2019 to a scheme where he committed wire fraud and aggravated identity theft.

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SaaS Firm CEO Resigns; Layoffs, SEC Investigation Follow

PYMNTS

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. The Las Vegas Review-Journal reported that Adam Rogas resigned on Sept. She declined to provide details of the investigation.

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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

PYMNTS

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud.

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Prosecutors Charge OneCoin Leaders With Fraud In Pyramid Scheme

PYMNTS

Ignatov is from Bulgaria and was charged with wire fraud conspiracy. His older sister Ignatova, also from Bulgaria, was charged with wire fraud, and also securities fraud and conspiracy. The scheme amounts to fraud, prosecutors say. He was arrested on Wednesday (March 6) at LAX.

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Security Researchers Find Dangerous iPhone Exploits

PYMNTS

Two researchers, Natalie Silvanovich and Samuel Groß, who work alongside Google ’s security initiative Project Zero , have found some “interactionless” malicious bugs in iOS that allow hackers to take control of an iPhone through iMessage without even making the victim engage with the texts or click a link, according to reports.

Security 108
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Tech, Global Network Of Merchants Can Combat Ecommerce Fraud

PYMNTS

Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. With the rapid changes to the payment space driven by mobile devices, EMV and other solutions, online fraud will only continue to rise, said Emailage.

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