PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

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PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. 1 in Vancouver by Canadian officials at the request of the United States. The arrest adds complications to an already tense situation between the two nations, who are locked in an ongoing trade war.

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Fraud United States New York Compliance 116

PYMNTS

DECEMBER 20, 2018

The United States Department of Justice announced on Thursday (Dec. 20) that it’s bringing charges against two Chinese nationals for an alleged global hacking campaign that affected multiple companies and military branches, including 100,000 members of the U.S. Navy, CNBC reported. The men are at large.

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PYMNTS

MAY 10, 2018

After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Integrated payments at the register also add comfort for end users, he said.

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PYMNTS

FEBRUARY 6, 2020

At the end of 2018 , the United States Department of Justice (DOJ) said it was going to charge two Chinese nationals for a hacking campaign that affected multiple companies and the military, including 100,000 members of the U.S. The men operated under a hacking group called “Advanced Persistent Threat 10,” or “APT10.”

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PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. Join other BSA/AML and fraud professionals at the leading industry conference April 19-22! register today.

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PYMNTS

JANUARY 12, 2021

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. He said the problem also includes things like complex returns fraud, cyber frauds, near-perfect counterfeiting and more.

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PYMNTS

NOVEMBER 25, 2020

IP Accelerator was rolled out in the United States last year. The news comes as the National Intellectual Property Rights Coordination Center (IPR Center) and Amazon have launched a joint operation to stop counterfeit merchandise from entering the United States. Patent and Trademark Office.

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PYMNTS

AUGUST 22, 2019

Justice Department has announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs, as reported on Thursday (Aug. It was not immediately known whether the Nigerian nationals will be extradited to the U.S.,

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PYMNTS

JANUARY 1, 2021

The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? . The outcome, should it come in 2021, would shape how app store and other platforms operate, and whether they promote or hinder competition and innovation in various tech marketplaces. Beyond The Companies .

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Regulation social media Course Apple 352

PYMNTS

OCTOBER 1, 2020

customers, it was required to implement an AML program that included a ‘know your customer’ or ‘KYC’ component but chose to flout those requirements,” the release stated. One of the indicted individuals was arrested in the United States, while the others have not been found, according to the release.

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PYMNTS

SEPTEMBER 11, 2019

Fraud Trends. According to an earlier analysis of this particular fraud trend, Ronnie Tokazowski , senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. It’s gone,” the report stated.

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PYMNTS

SEPTEMBER 21, 2020

Among the scams highlighted include HSBC in Hong Kong, which allowed a $15 million Ponzi scheme to move its money even after the business was being barred from operating in three states. Standard Chartered moved cash for a Dubai business that was later accused of laundering cash on behalf of the Taliban.

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Abrigo

APRIL 6, 2022

On April 1, 2022, new computer-security incident notification requirements for banks and their service providers take effect in the United States. For these purposes, a financial institution includes a national or state bank, a savings association, an Edge or agreement corporation, a U.S.

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PYMNTS

JUNE 30, 2020

Ireland was the country with the lowest encounter rate, followed by the United States and Japan. The operation was conducted against two distinct groups of criminals. The move comes as the institutions aims to defend against efforts to avoid hyperinflation in the nation. million profit in crypto, Coindesk reported.

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PYMNTS

FEBRUARY 7, 2018

The newswire reported that law enforcement officials had so far nabbed 13 defendants in Australia, the United Kingdom, Italy, France, Serbia and the United States. Separately, CBS MarketWatch reported that those indicted were tied to a group called the Infraud Organization, which operated with the slogan “In Fraud We Trust. ”.

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Las Vegas United States Fraud Cards 115

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. The aggressors in this cyberwar?

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United States National System cryptocurrency 164

PYMNTS

APRIL 17, 2018

The United States and Britain have accused Russia of releasing a cyberattack that impacted computers around the world and could be used to launch offensive attacks. and British officials warned that infected routers could be used to launch future offensive cyber operations. Officials in both the U.S.

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PYMNTS

FEBRUARY 15, 2019

Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials. The document also said that the Italian partner of PwC , which served as auditor to the BT unit, is under investigation as well for allegedly falsifying the audit.

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Compliance Fraud United States FDIC 122

PYMNTS

MAY 27, 2020

CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs. About The Tracker.

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ATM Innovation Meeting United States 243

PYMNTS

AUGUST 30, 2019

Learn about new approaches to fighting fraud, debit cards for kids, the world that Netflix created and is now in danger of losing, and other topics. Visa: New Cyber Threats Require New Fraud Tools. The phenomenon of payments fraud is not a modern one — far from it. Allowances are a surprisingly big business in the United States.

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Strategy Fraud social media United States 100

PYMNTS

MAY 16, 2019

The United States is the last of the G20 nations to make the transition to more secure, chip-based payment cards, which is slowly making it more difficult and expensive for thieves to turn dumps into cold hard cash,” it said. One big reason, according to the report? These attacks are not one-time events, one particular way.

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PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. He and an accomplice operated from Nigeria, targeting the U.S., New Zealand and a number of other countries. ” The Larger Trends.

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PYMNTS

JANUARY 7, 2020

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — said it’s important to put the cyberthreats, and Iran’s willingness to deploy them, in context. cloaked well enough so that the U.S.

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National United States Operations System 145

PYMNTS

OCTOBER 11, 2016

Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble for FX brokers. ” PacNet has operations in Canada, the U.K. ” PacNet has operations in Canada, the U.K.

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United States Operations Regional Report 100

PYMNTS

NOVEMBER 29, 2019

Asked about a near-term roadmap, and moving beyond the recent announcement centered on California, he said Vouch will have a broader, national footprint by the middle of next year, and will remain focused on high-growth tech firms. “On

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Policies California United States Management 191

Abrigo

AUGUST 26, 2019

In response to the nation-wide opioid crisis that has led to unprecedented addiction and death, FinCEN has issued guidance to alert financial institutions to the financial schemes and typologies related to the trafficking of fentanyl and other synthetic opioids. Fraud Prevention. Contact us today. . Learn More. Learn More. Learn More.

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PYMNTS

OCTOBER 18, 2019

In news at the end of this week, the largest child pornography site in the world has been shuttered — and had operated across the Dark Web, funded by bitcoin. agencies worked with a number of foreign law enforcement agencies including the National Crime Agency of the United Kingdom and Republic of Korea.

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PYMNTS

OCTOBER 28, 2019

PYMNTS recently spoke to Dustin Hemesath, FanFood’s co-founder and national sales manager, about the company’s position in the industry and how it meets logistical and security challenges. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States.

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PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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PYMNTS

DECEMBER 24, 2020

The National Restaurant Association estimated that almost 100,000 eateries — roughly one in six restaurants nationwide — have shuttered either temporarily or permanently due to the health crisis losing $165 billion in revenue between March and July and on track to lose $240 billion by the end of this year. “If

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PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States. Blockchain may be shaping up to be a topic left to individual states to handle.

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blockchain Los Angeles Regulation Oregon 130

Gonzobanker

MAY 4, 2020

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. operations with a soft landing of customers to Varo.

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PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. In the U.S.

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Cards Security United States Technology 187

Abrigo

JANUARY 3, 2024

Border challenges Incorporating southwest border considerations in your AML program The southwestern border of the United States, spanning 1,954 miles, is more than a geopolitical boundary between the U.S. Such drug operations require significant sums of money to maintain. and Mexico. financial system.

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PYMNTS

AUGUST 21, 2017

And those are just the front row seats: The eclipse will also be visible from most of the continental United States. The excitement has united Americans in other odd ways, from the frantic scramble for eclipse glasses to the construction of pinhole projects for those unsuccessful in their glasses-purchasing quests.

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