PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware.

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PYMNTS

AUGUST 17, 2020

The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency. How QSRs Are Fighting Digital Food Fraud. Fed Exploring ‘Hypothetical’ Digital Currency With MIT. Just Eat Takeaway to End Its Gig Worker Model.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

APRIL 17, 2019

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. Payfone serves six of the top 10 U.S.

Fraud 116

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PYMNTS

APRIL 6, 2016

The pair charged — Ross McLellan and Edward Pennings — face a five-count indictment, touching on conspiring to commit securities fraud and wire fraud and also two counts apiece of securities and wire fraud. The indictment itself alleges that the two — during a timeframe that stretched between Feb. 2010 and Sept.

Fraud 100

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PYMNTS

NOVEMBER 26, 2019

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Keeping An Eye On Fraud.

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PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

Cyber Security 100

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American Banker

JUNE 15, 2020

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

Arkansas 41

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PYMNTS

NOVEMBER 15, 2019

Department of Justice announced that two Massachusetts men were arrested and charged with conducting a scheme to take over victims’ social media accounts and steal their cryptocurrency.

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PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Time on Tuesday (Sept. 22) at the earliest.

Maine 153

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PYMNTS

OCTOBER 11, 2019

In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. The new Automated Retail Tracker explored security concerns with leveraging automation to make the click-and-collect experience faster and cheaper. These fears aren’t unfounded. percent). Solutions .

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PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals.

Illinois 161

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PYMNTS

NOVEMBER 18, 2016

According to Krebs on Security , the $1 million goes to settle a lawsuit by 15 attorney generals stemming from that data breach. Krebs on Security broke news of the hack back on Oct. According to Krebs on Security, the victims will walk away with a whopping $1.80.

North Carolina 100

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Independent Banker

NOVEMBER 13, 2014

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Even some multifactor security systems have been broken this way, says Dani Creus, a researcher with security software firm Kaspersky Lab in Woburn, Mass. Current Tech. By Maria Korolov.

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PYMNTS

SEPTEMBER 25, 2017

Add the Consumer Financial Protection Bureau to the list of federal agencies expected to punish Equifax for the massive security breach that exposed the personal data of around 143 million Americans. The Federal Trade Commission and the Department of Justice are already investigating the cyberattack.

Massachusetts 116

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PYMNTS

MAY 2, 2018

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. The Superintendent of Leominster Public Schools, Paula Deacon, was surprised to learn of the extortion demand and contacted police, ABC News reported. “I

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PYMNTS

JULY 22, 2016

Snowden unveiled the device via livestream during a Massachusetts Institute of Technology Media Lab’s conference dubbed “Forbidden Research.”. Teaming up with well-known hacker Andrew “bunnie” Huang, the two designed the device, which is a piece of hardware that you put on your iPhone.

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PYMNTS

NOVEMBER 29, 2019

The data did not reportedly include password information, Social Security numbers or financial information. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker). Other investors include T.

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PYMNTS

NOVEMBER 23, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they were launching their own investigations. s National Cyber Security Centre to determine how large the breach was and how many people in the U.K. Meanwhile, in the U.K., The ICO plans to work with the U.K.’s were impacted by it.

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PYMNTS

SEPTEMBER 22, 2017

The company’s shares have fallen more than 30 percent since the hack, which exposed consumer names, Social Security numbers, birthdates, addresses and, in some cases, drivers’ license numbers. He is already slated to appear before the U.S. House of Representatives on Oct. The company also reported 209,000 U.S.

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PYMNTS

JUNE 3, 2019

Some politicians, like Massachusetts Senator Elizabeth Warren , have been calling for the breakup of tech giants. Even with the Facebook Cambridge Analytica scandals, which helped to calibrate attention on tech giants’ handling of user data, there hasn’t been any real regulatory agreement into oversight of these companies until now.

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PYMNTS

SEPTEMBER 22, 2017

Back in June, the Massachusetts Senator said in a letter to Federal Reserve Chairwoman Janet Yellen that the Fed should remove the dozen executives sitting on the board of the beleaguered bank. The scandals at the bank have resulted in lawmakers calling for the board to be ousted.

Risk Management 100

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PYMNTS

NOVEMBER 27, 2017

The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. In 2015, Santander’s Consumer USA Holdings unit paid $9.35 million to settle charges claiming it improperly repossessed cars of members of the U.S.

Massachusetts 101

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PYMNTS

NOVEMBER 30, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they plan to launch their own investigations. “We’ve been in touch with several state attorney general offices and the FTC to discuss this issue, and we stand ready to cooperate with them going forward,” Uber said in a company statement.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. drivers’ license numbers. drivers’ license numbers.

New York 144

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PYMNTS

OCTOBER 19, 2017

Back in June, the Massachusetts Senator said, in a letter to Federal Reserve Chairwoman Janet Yellen, that the Fed should remove the 12 executives sitting on the board of the beleaguered bank. In September, U.S. Senator Elizabeth Warren called again on the Federal Reserve to hold the board accountable.

Risk Management 100

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PYMNTS

DECEMBER 20, 2019

Fraud comes in many forms, and the fight against it never ends. The latter, synthetic identity fraud, is largely on the decline thanks to advanced artificial intelligence (AI) systems that recognize tiny inconsistencies in fake user profiles. The former can be further subdivided into two schemes: clean fraud and friendly fraud.

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PYMNTS

MAY 27, 2016

Early April saw Staples announce a partnership with Workbar that will see parts of three of the office supply retailer’s Massachusetts stores converted into communal workspaces available for on-demand rental. ” What a breach of etiquette to call out the retail security industry — however necessary it is.

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PYMNTS

DECEMBER 8, 2017

In November, a Massachusetts man tried to buy an Xbox through the app and successfully met up with the seller, who directed him to a man across the street. The man forked over $20 and explained that the rest of the money was in his car.

Ohio 101

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Banking 2020

OCTOBER 16, 2014

An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA. Voices administrator malware security spam'

New York 78

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Independent Banker

AUGUST 26, 2015

Maria Korolov is a technology writer in Massachusetts. And the attacks on smaller financial institutions in particular have been increasing, according to the report, from 24 incidents with confirmed data losses in 2013 to 33 last year.

Massachusetts 70

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Fintech Labs Insights

SEPTEMBER 19, 2016

million went to Finovate alum Pindrop to further its phone-based fraud solutions. $5 HQ: Franklin, Massachusetts. Pindrop Security. Phone-based fraud solutions. Tags: SMB, institutions, blockchain, security, bitcoing, payments, crypto-currency. million to alt-auto-title lender Finova Financial. $17 Alt-title loans.

San Francisco 12

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Fintech Labs Insights

SEPTEMBER 19, 2016

With the launch of its new, end-to-end biometric authentication solution – VeridiumID – the security innovator that demoed its technology at FinovateFall 2014 as Hoyos Labs is now Veridium. Oxford and London), as well as in Boston, Massachusetts; and Timisoara, Romania. The company also has offices in the U.K.

New York City 12

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PYMNTS

MARCH 23, 2018

Created in the media lab of the Massachusetts Institute of Technology, Eximchain operates a blockchain platform to facilitate supply chain financing via smart contracts and its own token system. While announcing $1 million in seed funding, Finhaven said it is also rolling out a blockchain-based securities law compliance solution.

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Fintech Labs Insights

MARCH 28, 2016

HQ: Boston, Massachusetts. Tags: SMB, security, authentication, bitcoin, contracts, legal, fraud, cryptocurrency, blockchain. Source: Crunchbase. Maxwell Health. Payroll & beneifts platform. Latest round: $22 million Series C. Total raised: $56.4 Source: Crunchbase. Real estate investment marketplace. Source: Crunchbase.

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PYMNTS

SEPTEMBER 27, 2019

Speaking before Congressman Stephen Lynch of Massachusetts, senior member of the House Committee on Financial Services, and the rest of the committee, witnesses from the Fed and other areas of the payments community offered their support to FedNow — but not without caveats. George, was met with widespread support from her fellow witnesses.

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PYMNTS

JANUARY 2, 2019

Meanwhile, in the payments and commerce world, financial institutions in the United States and elsewhere are making moves toward using AI for fraud prevention and anti-money laundering efforts. David Edelman, a technology policy researcher at the Massachusetts Institute of Technology. “It It may be impossible.”.

US 198

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