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Fraudsters Request Pre-Payment For Bogus COVID-19 Vaccine

PYMNTS

Phone scammers claiming to be from the Centers for Disease Control and Prevention (CDC) are saying they have a vaccine to cure the coronavirus (COVID-19), and are asking for credit card and Social Security numbers from unsuspecting victims to reserve it, according to a report by The Verge. Do not fall prey!”

Ohio 187
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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

PYMNTS

The type of tax paid — capital gains tax, corporation tax, income tax, national insurance contributions, stamp taxes or VAT — will be decided by the tax authority. I think this is a problem that requires a lot of solutions and a lot of layers of security. You have to be aware that you could lose control of your phone,” he said.

Taxes 100
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FinCEN Steps up Efforts to Protect Against the Six Biggest Threats to the U.S. Financial System

Abrigo

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk. The 12 major U.S.

System 264
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Encryption Battle Escalates With New Senate Proposal

PYMNTS

The encryption rules would aim to settle the ongoing debate on how to address the government’s request for backdoor access to the technologies designed to safeguard private data in the case of national security or law enforcement purposes.

Seattle 100
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Game-Changing Tech Or Dystopian Nightmare? How 16 Industries Could Be Transformed By Facial Recognition

CB Insights

The biometric software behind facial recognition applications can identify facial structures, contours, and expressions, making it a no-brainer for security and identification purposes. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps.

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11 Lessons From Startup Chapter 11s

CB Insights

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Declared Bankruptcy: 2018.

Apple 78
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FinDEVr Newcomer Praesidio Rakes in $3 Million Investment

Fintech Labs Insights

Seattle-based Praesidio now has total capital of more than $5 million courtesy of a new investment of $3.1 Also participating in the round were Citizens National Bank, Live Oak Bank, and Washington Trust, which are customers of Praesidio as well as investors. How about more than $3 million in new funding ? The company has 12 employees.