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Unemployment Fraud In Michigan Could Bump Legit Jobless Claims

PYMNTS

Unemployed Michigan residents ought to be wary of a scam in which fraudsters are using stolen personal information to apply for unemployment benefits, according to Michigan-based news site MLive.com. Michigan has reported 1.65 Those whose claims are accepted receive a written letter with the amount of money they’ve been granted.

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Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

Michigan 163
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Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud

PYMNTS

Michigan as of last week had halted 340,000 questionable unemployment claims, while Pennsylvania suspects it has paid out on roughly 60,000 false filings, and Maryland has found 47,000 unemployment fake-outs. They are going to have to update how they mitigate and control fraud and risk and update their systems.

Fraud 160
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Sterling in Michigan pleads guilty to securities fraud

American Banker

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Group Hits 3 Universities, Demands Bitcoin Payments

PYMNTS

Before that, the group claimed to have attacked Michigan State University and Columbia College of Chicago, in a dark web blog accessed by Cointelegraph. billion in fraud, hacks and theft in just the first five months of 2020, according to a study by crypto intelligence company CipherTrace.

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Today In Payments: DOJ Approves Mastercard's Finicity Acquisition; Airbnb Files For IPO

PYMNTS

Securities and Exchange Commission (SEC) on Monday (Nov. consumers actively use mobile banking apps, but another 43 million shy away from doing so because they believe banking apps’ security falls short. Partners Against Crime: Visa Leads Effort to Fight Fraud With New Dynamic CVV Codes. Airbnb filed paperwork with the U.S.

Payments 130
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TRENDING: Voice Recognition Gets Its Own Backup Biometrics

PYMNTS

Another day, another security breach. But, despite the disastrous news, there is reason for optimism in the fight against fraud. While fraudsters may have had a field day with breaches like those at Yahoo, Hilton Hotels and Equifax, security providers have been fighting back with new solutions designed to stop them in their tracks.

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