PYMNTS
JULY 31, 2020
Corporate travel manager CWT paid $4.5 The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room.
PYMNTS
NOVEMBER 25, 2019
Ted Cash, general manager of ALP Utilities in Minnesota, revealed that his employees “found a quarantined email in a restricted account” after being contacted by the FBI. “We never got compromised, and never saw the phishing emails,” he said. The email was then downloaded onto a disk and sent to the FBI for analysis.
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MyBankTracker
SEPTEMBER 10, 2020
What nobody needs is life insurance fraud. Worrying about life insurance fraud probably isn’t high on your list of concerns, which is good, because the odds of something happening are likely rare, but it’s smart to have it on your radar. So if you’re concerned about life insurance fraud, don’t worry (much).
PYMNTS
FEBRUARY 22, 2019
News comes this week from Mississippi that state workers are being targeted by similar fraud attempts. In news a bit closer to home, AG Web reported that, in Minnesota, Jerome Robert Hennessey pleaded guilty to one count of mail fraud. It has been alleged that, in 2016, he falsified two invoices for a total of £700 ($911.65
PYMNTS
MARCH 28, 2019
What they are getting is that consumers want, and increasingly demand, a suite of services on the front end that make the financial management of their lives easier and more seamless. They can only prevent fraud or money laundering on the basis of what they’ve been programmed to flag. That is a trend emerging in all banks, he said.
PYMNTS
FEBRUARY 10, 2019
Wired pointed to a report in the spring by the Office of Management and Budget which concluded that 74 percent of federal agencies need an upgrade of their digital defenses urgently. The report noted that there are concerns that the real impact from the shutdown will take time to play out.
Independent Banker
OCTOBER 1, 2022
Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. The banking industry could face greater regulatory scrutiny and pressure ahead on how they’re managing cyber risks.
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