article thumbnail

Report: One In Seven UK SMBs Hit By Invoice Fraud

PYMNTS

Barclays said this week that as many as one in seven small businesses (SMBs) have been victimized by invoice fraud within the past 12 months. Emailage CEO Rei Carvalho said in a statement, “This research shows a lack of concern among many SMB owners when it comes to fraud prevention.

Fraud 130
article thumbnail

From Russia, With Malware: US Charges Hackers In $100M Bank Fraud

PYMNTS

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware. Losses from those malware deployments came in at $70 million.

Fraud 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

PYMNTS

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware. Losses from those malware deployments came in at $70 million.

Groups 130
article thumbnail

CFPB September 2016 complaint report highlights money transfer complaints, complaints from Pennsylvania consumers

CFPB Monitor

Maine, Nebraska, and Idaho experienced the greatest complaint volume decreases from the same time last year (June to August 2015 compared with June to August 2016) with decreases of, respectively, 36, 19, and 15 percent. percent of total complaints.

article thumbnail

Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Fraud detection. Payments gateway for online marketplaces. Online investment manager. HQ: Omaha, Nebraska. Tags: Security, fraud, payments, ecommerce, Finovate alum. Total raised: $10 million. Source: Crunchbase. HQ: Latest round: $7 million Series A. Total raised: $11 million. Source: Finovate. Digital Contact.

article thumbnail

Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Following the opening of the Amazon Go store, Saks Fifth Avenue president Marc Matrick announced he was unconcerned about the threat automation poses to traditional brick-and-mortar establishments: “When you think about the online versus the offline experience, we don’t need AI in our stores,” he said on CNBC. “We We have ‘I’.

Bitcoin 78