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DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. billion in fraud and theft seen last year.

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JANUARY 29, 2019

prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. In a 13-count indictment filed in Brooklyn, New York, the U.S. 1 in Canada on fraud allegations. While Huawei didn’t respond to requests for comment on the allegations.

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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.

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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. said Renard in the same press release.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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JUNE 3, 2016

Such was the case for several companies profiled this week by The New York Times , which shed light on the minority of startup owners that decide not to take outside investment. Check out who secured venture capital in our breakdown below. Enterprise Security. Ionic Security. Featurespace. ”

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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

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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.

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AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug. So reported Reuters on Wednesday (Aug.

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JULY 28, 2020

The company is offering 150 million shares for $20 to $22 each, according to the Tuesday (July 28) filing with the Securities and Exchange Commission (SEC), Bloomberg wrote. and Royal Bank of Canada , and will appear on the New York Stock Exchange (NYSE) under the symbol RKT. The offering will be led by Goldman Sachs Group Inc.,

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DECEMBER 20, 2019

As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Uber Co-Founder Travis Kalanick has even secured $400 million to develop his new CloudKitchens concept, which rents fully equipped cooking spaces to delivery-only restaurants in major metros. MOA is a Goer.

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AUGUST 17, 2020

“The credentials used in the attack came from previous, non-government of Canada data breaches,” said Scott Jones, head of Canada’s Centre for Cyber Security, the agency that leads the government’s response to cybersecurity attacks. Last month, a national survey found more than 80 percent of U.S.

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DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. billion in fraud and theft seen last year.

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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.

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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.

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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.

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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.

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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

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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.

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MAY 6, 2016

New York Attorney General Eric Schneiderman announced Wednesday (May 4) that data breach alerts are on the rise significantly. In fact, his office announced that it has seen more than a 40 percent increase in data breach notifications involving New Yorkers alone in 2016, when compared to the same time period a year prior.

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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.

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MARCH 23, 2018

News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. So opined the Securities and Exchange Commission’s (SEC) Director Brett Redfearn, Reuters reported.

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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

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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. Enterprise Security. Its existing clients include TD Bank and Standard Chartered Bank.

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AUGUST 27, 2019

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal.

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MAY 4, 2016

The Russian national behind global banking malware that was responsible for stealing money from bank accounts across the U.S. Nikita Kuzmin, who created the “Gozi” malware, pled guilty to various computer intrusion and fraud charges back in May 2011, the United States Attorney for the Southern District of New York said in a press release.

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MAY 9, 2017

What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method. 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.

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PYMNTS

JANUARY 24, 2020

In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment. There were also New York Post reports that the technology might make an appearance at Whole Food checkouts this year.

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MAY 12, 2016

Earlier this year another Swiss bank found itself in hot water due to possible involvement in fraud, money laundering and other criminal activities related to helping wealthy individuals avoid taxes.

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PYMNTS

OCTOBER 9, 2017

With tough sanctions by the United Nations effectively isolating North Korea from the world, the country’s embassies have been forced to engage in illicit businesses to shore up cash and support their operations. More recently, they have had to rein in their ambitious money-making plans to keep the lowest possible profile.

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