PYMNTS

DECEMBER 16, 2020

16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry. With data sharing, to boot. To that end, as reported on Wednesday (Dec. percent and 37.6

National 160

National New York City Policies New Jersey 160

PYMNTS

APRIL 21, 2016

-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to a significant increase in credit card fraud. Brian Krebs reported the change to grocer Giant Food’s policy yesterday (April 20) on his cybersecurity blog Krebs on Security.

Cards 100

Cards Fraud Policies Washington 100

Accenture

SEPTEMBER 3, 2020

These include: regulation and monetary policy, consumer protection, fraud and Anti-Money Laundering (AML), the national economic outlook, the financial sector’s outlook (for international agencies and global regulators), emerging technologies and innovation (for….

Policies 221

Policies Regulation Fraud National 221

Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. Policies that promote the employment of former trafficking victims can help end cycles of trafficking, as well.

Training 259

Training Community Software Texas 259

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

PYMNTS

MARCH 17, 2017

A new report from the Anti-Fraud Collaboration identifies where corporates should begin when looking to safeguard their data and deploy a cybersecurity strategy. Announcing the report Thursday (March 16), the Anti-Fraud Collaboration said a focus on complex accounting areas is critical to an effective cybersecurity strategy.

Fraud 100

Fraud Report Policies Leadership 100

PYMNTS

MARCH 3, 2020

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

Apple 132

Apple National cryptocurrency Payments 132

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. Feedzai has seen the increase in fraud and scams with the pandemic. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. billion in losses due to cybercrime, with various forms of identity fraud topping the list.

Fraud 108

Fraud Knowledge Base Regulation Data 108

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

MAY 22, 2017

companies are turning to their insurance policies that cover things like ransom and extortion to get back losses from the WannaCry ransomware attack that caused headaches around the globe a little over a week ago. With cyber insurance expensive and not used by many outside of the U.S., These are within expectations and entirely manageable.”

Policies 100

Policies Company National Report 100

PYMNTS

OCTOBER 19, 2020

Roughly 80 percent of central banks in 66 countries, including 21 advanced nations, are exploring the issuance of digital currencies, while 40 percent have become pilot programs or experiments, including China , which just completed a major trial run, the IMF report noted. The Fed chief, noting that the U.S.

Policies 272

Policies Fraud National Report 272

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. “We Nonbank ATMs account for as much as 60 percent of fraud attempts in 2015, up from 39 percent in 2014.

ATM 100

ATM Fraud Mobile Regional 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. ” Similar predicaments of public image arise when a government falls victim to fraud. .

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). Crime proceeds linked primarily to the national sector such as fraud, burglaries, theft, robberies, loan sharking or protection racketeering were not included in these estimates.”.

Training 195

Training Strategy Fraud National 195

PYMNTS

MAY 12, 2017

speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. million in the U.S.

Fraud 128

Fraud ATM Google Study 128

PYMNTS

NOVEMBER 28, 2017

While most corporations are hesitant to admit it, fraud initiated by a company’s own employees is quite common — and incredibly expensive. Research earlier this year found corporate fraud to be at record-high levels. Though difficult to detect, internal fraud has a massive impact on the bottom line. Fear of Retaliation.

Fraud 101

Fraud Report Survey Leadership 101

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In terms of legislation, Senn said NASAA supports the “Senior Investor Pandemic and Fraud Protection Act” and the “COVID-19 Restitution Assistance Fund for Victims of Securities Violations Act.”.

US 227

US Cyber Security Security National 227

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). One of AMLA's primary objectives is for financial institutions to spend time doing what is truly necessary for detecting criminal activity and not spin their wheels with policies and procedures on tasks that bring no benefit to law enforcement.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

DECEMBER 21, 2020

The National Restaurant Association estimates that something like 100,000 eateries have closed either for now or forever, as health fears have struck at the heart of dining out. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud.”. Fighting Emerging Schemes.

Mobile 151

Mobile Fraud Policies Study 151

PYMNTS

NOVEMBER 19, 2019

These steps would allow much more rapid liquidation of an insurance policy, including a ‘disaster dividend,’ or a ‘harm’s way’ claim, which could be used to pay for evacuation-related expenses,” the agency stated in its latest National Advisory Draft Report to the FEMA Administrator.

blockchain 217

blockchain Puerto Rico Virgin Islands United States 217

PYMNTS

OCTOBER 17, 2018

The regulator issued a report based on the SEC Enforcement Division’s investigations of nine public companies that lost millions of dollars as the result of cyber fraud. In total, the nine companies wired nearly $100 million as a result of the frauds, most of which was unrecoverable.

Fraud 190

Fraud Security Policies National 190

PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

Fraud 100

Fraud Compliance Security Industry 100

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. Tanvi Ratna, CEO of Policy 4.0, 28) by The Economic Times.

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

CFPB Monitor

SEPTEMBER 11, 2018

Most notably, the proposed legislation would create a national standard for data security and breach notification and preempt all current state law on the matter. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. Breach Notification Standard.

National 87

National Industry Security Data 87

Abrigo

DECEMBER 17, 2021

Adequate staffing is crucial for areas with high regulatory scrutiny , such as the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and fraud functions. There are other non-routine aspects of AML and fraud requirements to consider when performing your 2022 staffing assessment. Be Prepared. Understanding importance.

Compliance 195

Compliance Training Fraud Resources 195

Abrigo

DECEMBER 10, 2021

None of the changes represent new information but rather address specific customers that may need more attention within policies, procedures, and processes due to a higher risk for money laundering, terrorist financing, and other illicit activity. Fraud Prevention. Fraud Trends. Learn More. BSA Training. Learn More. Learn More.

Training 195

Training Regulation Policies ATM 195

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

Policies 60

Policies Lending Data Online 60

PYMNTS

FEBRUARY 24, 2016

23), the National Retail Federation (NRF) reviewed various research efforts that mete out how serious the threat against companies’ digital data from their own internal employees is — as well as, perhaps even more seriously, the fact that many retailers might not be considering that threat. In a story posted yesterday (Feb.

Retail 100

Retail Fraud Survey Branding 100

PYMNTS

MAY 26, 2017

In an ongoing digital fraud scheme, Chinese scammers have racked up over 950 million yuan ($138 million USD) from more than 93,000 victims by preying on victims’ sense of national pride and desire for easy returns. Hundreds of middle-aged and elderly people flocked to the National Stadium in Beijing to collect their money.

Fraud 118

Fraud social media National Policies 118

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

DECEMBER 14, 2020

Justice Department, National Security Agency and the White House. We have been advised this attack was likely conducted by an outside nation state and intended to be a narrow, extremely targeted and manually-executed attack, as opposed to a broad, system-wide attack,” SolarWinds’ statement said. military, along with the U.S.

Security 214

Security US Washington Software 214

Abrigo

JUNE 2, 2021

The following six areas are critical when developing your exam planning: BSA/OFAC Policy integration. Are procedures in line with BSA Policy requirements? Does it include or have a separate OFAC Policy? Procedures do not match board-approved policy: Look and compare the two documents to confirm they are aligned.

How To 195

How To Training Compliance Policies 195

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. s policy represents “the right goal to set. The Core Principles. Cohen told Webster the U.N.’s

How To 205

How To National Fraud Data 205

PYMNTS

DECEMBER 16, 2020

The topic was front and center in an On the Agenda discussion with PYMNTS CEO Karen Webster, Ethoca CEO Andre Edelbrock , Cabela’s and Bass Pro Shops Senior Manager of Fraud and Investigations Keith Thompson and First National Bank of Omaha Director of Fraud Management Steve Furlong. The Scope Of The Problem. So, too, are data.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Tools that help remittance service providers more efficiently meet their crime-fighting obligations can help keep down both costs and fraud. .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

DECEMBER 3, 2018

The Financial Times reports that not only have sales of policies been growing by about 25 percent a year, but so have disputes between companies and the insurers. For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017.

Virginia 184

Virginia Policies Security National 184