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Worried About Digital Fraud Now? Just Wait For The Implants.

PYMNTS

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s already happening, of course, albeit tentatively.

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FBI Probing Hack Of US Electricity Providers

PYMNTS

The impacted utilities operate in 18 states from Maine to Washington, including Cloverland Electric Cooperation in Michigan, Klickitat Public Utility District in Washington state and Basin Electric Power Cooperative in North Dakota. Attackers briefly identified intended targets on an exposed server in Hong Kong.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

In a press release , the restaurant chain operator said it was notified on August 16, 2018, by federal authorities that a legacy point-of-sale system for some of its Cheddar’s Scratch Kitchen restaurants, a brand acquired by Darden last year, may have been compromised via a hack that involves restaurants in 23 states.

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Retail banking trends to look out for in 2023

Independent Banker

It has introduced a plethora of new retail banking initiatives in the past couple of years, including online account opening for anyone in the state of Wisconsin. One such bank is $1.7 billion-asset One Community Bank (OCB) in Oregon, Wis. We do thousands of video banker transactions every year. Looking even further into the future.

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Capstone Conference

Independent Banker

Wisconsin bank uses LEAD FWD Summit as a development resource. Eleven employees—a mix of loan officers, underwriters and servicers; branch, operations and IT managers; and treasury services and human resources personnel—are going this month. Consumers and Their New Role in Fraud Mitigation,” by Scott Bright, FIS. By Tim Cook.

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Higher Learning, Hit By Payments Fraud

PYMNTS

In one bit of news from Madison.com , a former University of Wisconsin-Madison employee stole as much as $113,000 through fake companies and fraudulent checks, using those methods as means to make personal transactions over more than two years. His time in that role ended in March of last year after the thefts came to light.

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