PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM announced a collaboration with Raw Seafoods to develop a blockchain solution to address supply chain fraud in the seafood industry, including cases of incomplete documentation and mislabeling.

Fraud 111

Fraud blockchain Ohio Survey 111

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. In 2019, it expanded by buying its fourth branch from a competitor.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

FEBRUARY 21, 2018

We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release. Mehraban, associate regional director of the SEC’s New York regional office, said in the release. “We In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 billion in fraud and theft seen last year.

Fraud 130

Fraud Report cryptocurrency National 130

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. The arrest adds complications to an already tense situation between the two nations, who are locked in an ongoing trade war. The New York Times reported that Ms. Meng’s presentation was an act of fraud.

Fraud 116

Fraud United States New York Compliance 116

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

New York 67

New York National Capital Risk Management 67

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city.

ATM 100

ATM National New York City New York 100

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. For payments fraud, the land Down Under seems fertile ground, too.

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

PYMNTS

APRIL 26, 2020

The site, coronaprevention.com, was posted on a hacker’s forum the day after the virus was declared a national pandemic by the President, according to a complaint. Crime related to the coronavirus has skyrocketed in recent weeks as the virus has been the top news story around the world. Attorney’s Office for the District of Colombia.

Bitcoin 154

Bitcoin blockchain Fraud New York 154

PYMNTS

JULY 4, 2017

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. As noted by The New York Times , some sophisticated attacks are surfacing, and they show bells and whistles such as artificial intelligence.

National 112

National United States New York Study 112

PYMNTS

MARCH 23, 2017

This has been the case with the ever-evolving story behind the $81 million heist that siphoned funds from Bangladesh via the Federal Reserve Bank in New York last year. But what happens when the prime mover behind the theft is an actual nation? Acting not against individuals, but another nation?

National 103

National New York System Operations 103

PYMNTS

AUGUST 12, 2020

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Last week, SocialCatfish.com , an identity verification nonprofit, reported U.S.

Fraud 130

Fraud Pennsylvania Florida Texas 130

PYMNTS

MAY 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. million worth of New York State Lottery tickets with the money he embezzled.

New York 181

New York Security Customer Experience Innovation 181

PYMNTS

JANUARY 12, 2021

Police told the New York Post that the suspects ran out of the store and jumped into waiting cars, making off with bags priced between $1,850 and $2,300 apiece. He said the problem also includes things like complex returns fraud, cyber frauds, near-perfect counterfeiting and more. Matas sees the current wave of U.S.

Retail 226

Retail Florida San Francisco Sacramento 226

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. million existing homes and 612,000 new construction homes were sold. New York City and Miami were the original targets under the first order in 2016. In 2017, over 5.51

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

JANUARY 27, 2020

The tests involved the Amazon-owned grocery chain’s New York employees, along with custom-fitted vending machines. As per the New York Post, the technology was set to make a wider appearance before too long. Amazon Plans.

Retail 264

Retail New York Dallas Trends 264

PYMNTS

NOVEMBER 8, 2018

According to a report in Reuters , UBS is facing accusations of laundering the proceeds of tax fraud and illegally going after clients in France. The PNF (National Financial Prosecutor’s Office) has not provided details of the irrational way these amounts were calculated.

Taxes 128

Taxes Fraud New York Community 128

PYMNTS

MARCH 9, 2020

authorities — and those in other places — also noted the presence of fraud in which people are led to purchase medical supplies that don’t exist or give financial information to criminals who purport to be health workers. All of the nation’s schools were previously shuttered until mid-March.

Policies 141

Policies New York San Francisco Seattle 141

PYMNTS

JULY 28, 2020

and Royal Bank of Canada , and will appear on the New York Stock Exchange (NYSE) under the symbol RKT. Gilbert, who also owns the National Basketball Association (NBA) team the Cleveland Cavaliers , controls 79 percent of the voting power for the company’s common stock. The offering will be led by Goldman Sachs Group Inc.,

Cleveland 140

Cleveland Detroit New York Company 140

PYMNTS

DECEMBER 20, 2019

As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. As mobile takes fast food by storm, QSRs find themselves gagging on friendly (and unfriendly) fraud. Fraudsters rely on this fact and tirelessly seek to exploit new openings. Chargebacks Bite. MOA is a Goer.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

AUGUST 12, 2020

A group of the country’s mayors, the Bolivarian Council of Mayors, has signed onto the government’s “National Tax Harmonization Agreement” that would allow 305 municipalities in the country to pay taxes with the Petro. The software would cost $10.4

Taxes 160

Taxes Bitcoin cryptocurrency New York 160

PYMNTS

JULY 28, 2017

In the spring, a massive cyberattack hit everything from the United Kingdom’s National Health Service, European automakers, Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries. National Security Agency, and that there was more than 126,000 cases of fraud.

San Diego 101

San Diego Fraud National Google 101

PYMNTS

SEPTEMBER 24, 2019

Also, Microsoft has launched a new tool to aid businesses in managing their brands online called Dynamics 365 Commerce. And the CEO and founder of MyPayrollHR, the New York-based payroll company, was arrested and charged in a $70 million bank fraud scheme. MyPayrollHR Founder Faces $70M Fraud Charge.

Payments 108

Payments Fraud Tools Branding 108

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

blockchain 113

blockchain National New York cryptocurrency 113

Abrigo

AUGUST 22, 2019

These are usually less expensive, shorter, and involve less extensive travel than the larger national conferences. 7 in New York, New York An additional workshop in Las Vegas, Nevada is planned for January 2020, with further details coming soon. Fraud Prevention. between September and January. Learn More.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

PYMNTS

SEPTEMBER 21, 2020

The FinCEN files reveal even after some of the largest banks were fined or prosecuted for financial misconduct, Deutsche Bank, JPMorgan Chase, Standard Chartered, HSBC and Bank of New York Mellon continued to move money for suspected criminals. Think of the message you're sending to repeat offenders.”.

Report 279

Report North Carolina United States New York 279

PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 billion in fraud and theft seen last year.

cryptocurrency 101

cryptocurrency National Fraud Security 101

PYMNTS

FEBRUARY 6, 2018

She recently spoke at a corporate travel event held in New York, put on in conjunction with Hilton, to explore some of the latest trends in corporate travel and entertainment (T&E), and the experts agree: Corporate travel is changing. Here are the numbers: 483 million | Number of domestic business trips the U.S.

Data 100

Data Fraud United States Analysis 100

PYMNTS

MARCH 13, 2019

A new report by the United Nations has revealed that global banks are being used to enable payments in illegal deals by North Korea. account in New York. They are facilitating the transfer of funds for prohibited ship-to-ship transfers of petroleum products.

New York 116

New York Bitcoin Maine Fraud 116

PYMNTS

JUNE 19, 2020

based Kaitlyn Pan Group LLC and New York resident Hao Pan for allegedly counterfeiting Valentino’s Garavani Rockstud shoes and offering them for sale on its own website as well as on Amazon. It’s run through Homeland Security’s National IP Rights Coordination Center. The suit was filed against Buffalo, N.Y.-based

social media 181

social media United States Branding National 181

Abrigo

APRIL 6, 2022

For example, the New York Department of Financial Services requires institutions that it regulates to report certain cybersecurity events to the agency within 72 hours. What are the new notification requirements? Fraud Prevention. Fraud Prevention. Lending & Credit Risk. Portfolio Risk & CECL. Learn More.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

FEBRUARY 28, 2017

HYPR, for example, debuted what it is calling a biometric shopping platform at the National Retail Federation’s BIG Show in New York City in January. The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials.

New York City 100

New York City Fraud Security New York 100

PYMNTS

DECEMBER 15, 2017

The company reportedly raised $47 million in funding this week — funds that will go toward helping the business expand into new markets across Latin America and Europe as it positions itself against top rivals PayPal and Square. million in funding it just raised to continue growing in the fraud and risk management industry.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

MARCH 25, 2016

In a press release posted on Thursday (March 24), the DOJ confirmed that the individuals were charged by a grand jury in the Southern District of New York and are accused with launching an extensive campaign of DDoS attacks against 46 victims between late 2011 and mid-2013.

New York 100

New York National Security Tools 100

PYMNTS

AUGUST 17, 2020

Last month, a national survey found more than 80 percent of U.S. That can be the difference between life and death,” Wendi Whitmore, vice president of IBM X-Force, a New York-based commercial security research team, told the newspaper. medical practices have been the victims of cyberattacks.

Cyber Security 163

Cyber Security Taxes Survey New York 163