Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify. What are the new notification requirements?

Security 195

Security Regulation District of Columbia United States 195

Abrigo

MARCH 4, 2022

Synthetic ID fraud is growing quickly and hurts FIs and customers Knowing the schemes associated with synthetic identity fraud and how criminals avoid detection can help minimize losses. Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information.

Fraud 195

Fraud Cards Software Trends 195

PYMNTS

MARCH 3, 2020

Two Chinese nationals were charged by the U.S. The hacking of virtual currency exchanges and related money laundering for the benefit of North Korean actors poses a grave threat to the security and integrity of the global financial system,” said U.S. national security,” said Don Fort, chief, IRS-CI. “We

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National cryptocurrency United States Security 142

PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan.

Idaho 295

Idaho Fraud United States Customer Experience 295

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. billion annually.

Fraud 284

Fraud Study United States Training 284

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. The Drawbacks of Complex Security. More than 4.5

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Security blockchain San Francisco United States 129

PYMNTS

AUGUST 26, 2019

As reported, many of those indicted are Nigerian nationals. The Hill reported that the 252-count indictment was unsealed after authorities arrested 14 of the defendants in the United States; 11 of them had been based in Los Angeles; the remainder are outside the United States. billion stolen by victims.

Fraud 145

Fraud Online Portland Los Angeles 145

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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US Cyber Security Security National 227

PYMNTS

JANUARY 15, 2021

The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL entry. Some countries are catalyzing this growth through national mandates rather than leaving retailers to their own devices.

Retail 207

Retail Security Payments United States 207

Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on.

Training 259

Training Community Software Texas 259

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

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Bitcoin ATM Security cryptocurrency 178

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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Company United States National Fraud 164

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.

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National System United States Fraud 130

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. They also targeted “the personally identifiable information of more than 100,000 Navy personnel.”.

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United States US National Fraud 151

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. In 2016, U.S.

Fraud 116

Fraud United States New York Compliance 116

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

JANUARY 3, 2024

The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. FIs must certify that the BOI will be held securely and that the FI has received approval from the reporting entity to access their ownership details. Beginning Feb.

Fraud 221

Fraud Regulation Report Compliance 221

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. In one example, malicious software is being traced to India, where once it would have been more readily housed in the United States.

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National United States New York Study 112

PYMNTS

SEPTEMBER 28, 2016

Can a smartphone keep you and your money safe from fraud? According to the Brazilian financial services firm, launched in 2014, it boasts a fraud rate just one-tenth that of larger banks and financial institutions. The rise of digital and mobile technology has made preventing fraud much more challenging for financial service providers.

Security 100

Security Mobile Fraud United States 100

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.

United States 195

United States Compliance Strategy National 195

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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United States Branding National Security 170

PYMNTS

SEPTEMBER 21, 2020

In a statement to BuzzFeed, the Treasury Department said “the unauthorized disclosure of Suspicious Activity Reports (SARs) is a crime that can impact the national security of the United States, compromise law enforcement investigations, and threaten the safety and security of the institutions and individuals who file such reports.”.

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Report North Carolina United States New York 279

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

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Fraud Resources Software Training 335

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

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cryptocurrency United States Security Bitcoin 241

PYMNTS

DECEMBER 10, 2019

We use the information that you provide to protect our national security, our financial system, our communities, and our families. The lack of beneficial ownership information collected when companies are formed is “a dangerous and widening gap in our national security apparatus,” he said.

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Conference National United States Security 130

PYMNTS

DECEMBER 21, 2018

The increase can be attributed to China’s request for thousands of devices’ worth of data during one fraud investigation. It received anywhere between 0 and 499 national security orders. The other top requesters were the United Kingdom, Turkey, France, India and Germany, with 13.7 percent, 6.4 percent, 6.2

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Apple Data United States Report 128

CFPB Monitor

JULY 6, 2021

The Priorities purport to identify and describe the most significant AML/CFT threats facing the United States. A prime example of this problem is the inclusion of “fraud” as a Priority. This Priority is not specific, like “securities fraud,” or “e-mail compromise scheme fraud” – it’s just “fraud,” with no qualification.

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United States Fraud Regulation Compliance 78

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

JANUARY 1, 2021

The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? . Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns” tied to these currencies.

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PYMNTS

NOVEMBER 13, 2018

The push comes as banks — newly gathered together through the Better Identity Coalition — grapple with the challenges of onboarding new clients in an age where data breaches seem to be an almost daily occurrence and where synthetic ID fraud is ramping. Banking done online has its lures, speed and convenience among them.

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Fraud Security United States Analytics 128

PYMNTS

OCTOBER 26, 2016

It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data.

Security 100

Security Mobile Las Vegas User Experience 100

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

CFPB Monitor

JULY 14, 2022

The Order seeks a national policy for digital assets across six “key priorities” : consumer and investor protection; financial stability; illicit finance; U.S. Protection of consumers, investors, and businesses in the United States; b. Reinforcement of U.S.

United States 78

United States Leadership Policies Regulation 78

PYMNTS

JUNE 19, 2020

Amazon strictly prohibits counterfeit products and, in 2019 alone, invested more than $500 million and had more than 8,000 employees protecting its store from fraud and abuse, including counterfeiting and IP infringing products. “As It’s run through Homeland Security’s National IP Rights Coordination Center.

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social media United States Branding National 181

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

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Fraud Video Case Study United States 40

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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Fraud social media Cards Bitcoin 163

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. In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam.

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Idaho Missouri Cyber Security Fraud 153