PYMNTS

DECEMBER 26, 2018

The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States. As a result, law enforcement agencies around the world have increased their efforts against money mule fraud.

Fraud 162

Fraud United States Texas Examples 162

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. The bank works hard to prevent attacks with many defensive layers of security. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

APRIL 10, 2019

authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation. The fraud, which resulted in more than $1.2 Medicare’s anti-fraud unit announced that it took adverse administrative action against 130 DME companies that submitted over $1.7

Fraud 116

Fraud South Carolina New Jersey Florida 116

PYMNTS

JANUARY 30, 2018

In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. must comply with federal securities laws.

Texas 111

Texas social media FDIC Dallas 111

Abrigo

JANUARY 17, 2024

Two recent guests of the Abrigo podcast Ahead of the Curve shared ways that their organizations, Made Free and the Texas Advocacy Project (TAP), fight against human trafficking. The Texas Advocacy Project provides legal services and financial literacy courses for victims who need help achieving financial security.

Training 259

Training Community Software Texas 259

PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

blockchain 140

blockchain Bitcoin Fraud social media 140

PYMNTS

SEPTEMBER 18, 2020

While some banks enable voice technology to make payments, check account balances and make transfers, the technology raises concerns regarding security, data privacy and dispute resolution. It was developed by the Cybersecurity Response Project Team. She noted that verifications can also utilize information tied to payment history.

Payments 220

Payments Exercises Resources Fraud 220

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. Aside from the political implications of such claims, The New Yorker ‘s report pointed to the fraud risks that organizations face, even from the C-Suite. It also highlighted the predicament that organizations face if a C-Suite executive is found committing fraud. In the U.S.,

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

Independent Banker

DECEMBER 31, 2022

Chris Doyle, Texas First Bank. billion-asset Texas First Bank in Texas City, Texas. Address fraud and security. According to “The State of Fraud and Financial Crime in the U.S.,” If community banks aren’t highly focused on fraud, they should be,” Doyle advises. Fraud is running rampant.

Trends 140

Trends Payments Community Bank Texas 140

PYMNTS

JANUARY 23, 2020

PYMNTS spoke with representatives from the department as well as officials from the Tennessee Department of Revenue and Texas Comptroller of Public Accounts to gain insights into how each approaches disbursements. The biggest challenge to faster digital payouts is fraud and identity theft,” Maxey said. Agencies look to next steps .

Oregon 131

Oregon Tennessee Texas US 131

PYMNTS

SEPTEMBER 20, 2018

According to Reuters , the men — Kevin Merrill of Maryland, 53, Jay Ledford of Texas and Nevada, 54, and Cameron Jezierski of Texas, 28 — falsely claimed to be investment professionals and used a fake portfolio to defraud hundreds of investors. Federal prosecutors have charged three men who allegedly ran a $364 million Ponzi scheme.

Baltimore 167

Baltimore Maryland Texas Nevada 167

PYMNTS

JUNE 24, 2020

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according to a press release from the Department of Justice (DOJ). The CARES Act, passed by the U.S.

Fraud 198

Fraud Texas Report Payments 198

PYMNTS

DECEMBER 5, 2019

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.

Fraud 131

Fraud North Carolina US Nebraska 131

PYMNTS

JANUARY 16, 2020

Among the potentially vulnerable companies are Texas Instruments , Revlon , Purdue Pharma, a California utility company, a border-police unit and an appellate court. All of them were using Pulse Secure VPN to make supposedly secure logins for workers, according to Troy Mursch, chief research officer at Bad Packets, a cybersecurity company.

Company 130

Company Texas Chicago Security 130

PYMNTS

APRIL 9, 2020

Periscope Holdings, which is based in Texas, assists with commodities and services procurement in the public vertical via a range of offerings for sellers and buyers. In separate security news, a Bluetooth security flaw was discovered in August that could leave the data of users unprotected and susceptible to hackers.

Texas 268

Texas Security Software National 268

PYMNTS

DECEMBER 5, 2019

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.

Groups 130

Groups Fraud North Carolina US 130

PYMNTS

SEPTEMBER 15, 2020

The Commodity Futures Trading Commission filed a complaint in a Texas U.S. Three individuals from Texas and one individual from Florida were named as defendants. Securities and Exchange Commission (SEC) filing.

Bitcoin 238

Bitcoin Texas blockchain Florida 238

PYMNTS

JANUARY 27, 2020

New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients. The losses for one Texas school district totaled to $2.3

Fraud 178

Fraud Analysis Cards Texas 178

PYMNTS

AUGUST 12, 2020

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Last week, SocialCatfish.com , an identity verification nonprofit, reported U.S.

Fraud 130

Fraud Pennsylvania Florida Texas 130

PYMNTS

MARCH 23, 2020

The operators of the website were accused of “engaging in a wire fraud scheme seeking to profit from the confusion and widespread fear surrounding COVID-19.”. Bash from the Western District of Texas said they moved quickly against the site. The action was filed in Austin on Saturday (March 21). Attorney John F.

Fraud 154

Fraud Austin Texas Resources 154

PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. District Court for the Western District of Texas.

Ohio 130

Ohio Payments Texas Fraud 130

PYMNTS

FEBRUARY 4, 2019

What eventually becomes cutting-edge in retail and payments often originates in places that are dedicated to security, not commerce. Authorities and prison technology companies say this mass biometric surveillance supports prison security and fraud prevention efforts.”. New technology often starts out at the U.S.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

AUGUST 13, 2019

As a Federal Communications Commission cybersecurity planning guide recently noted, payroll systems often include among the most sensitive of data including employee bank account details, company bank account details, Social Security Numbers and more. Not every employee needs to access all of your information,” the FCC’s guide warns.

Arlington 150

Arlington System Ohio Virginia 150

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals.

Illinois 161

Illinois Google New Hampshire Texas 161

Insights on Business

NOVEMBER 8, 2018

Rob Palacios, EVP and Director of TCB Labs at Texas Capital Bank, sat down with Yousef Hashimi from IBM at Money2020 to discuss the banks’ work around AI and their use of the IBM Garage. There was a lot of buzz at the event on fighting fraud faster as criminals have become more adept at fraud schemes in record time.

Industry 143

Industry San Francisco New York City Fraud 143

PYMNTS

OCTOBER 7, 2020

Commodity Futures Trading Commission recently filed a complaint in a Texas U.S. Attorney’s Office for the Southern District of New York charged four operators of a purported international digital-currency “Ponzi scheme” with money laundering and fraud. For example, the U.S. A month earlier, the U.S. A month earlier, the U.S.

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

Fraud 120

Fraud Taxes Community Cards 120

PYMNTS

JULY 17, 2019

Clinical Pathology Laboratories (CPL) is the latest victim of a data security breach at the billing collections service American Medical Collection Agency (AMCA). The security of CPL’s systems was not affected by the incident, the release indicated. million Quest Diagnostics and UnitedHealth Group patient records were exposed.

Data 100

Data Austin United States Texas 100

PYMNTS

JULY 2, 2018

As noted last week, some regulators, spanning the United Kingdom, North America and Asia, are seeking those exemptions as they contend that the General Data Protection Regulation ( GDPR ) could stymie cross-border law enforcement actions that focus on fraud and manipulations of markets.

Regulation 100

Regulation North Carolina Alabama cryptocurrency 100

PYMNTS

JULY 16, 2019

A security lapse at a hotel management startup has exposed hotel bookings and guests’ personal information. Aavgo , a hospitality tech company based in San Francisco, secured a server it had left online without a password after TechCrunch reached out to the firm.

Data 115

Data San Francisco Texas Security 115

PYMNTS

MAY 18, 2018

But the move towards bits and bytes is gathering steam in a bid to bring security to far flung transactions. Through remote notarization (and through Notarize, she added), parties to a transaction can save time and reduce fraud. The affixation of seal, and stamp, and signature is a process that seems necessarily bound in paper and ink.

Indiana 133

Indiana Nevada Tennessee Texas 133

Independent Banker

JULY 30, 2015

In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. Some of the most pressing issues this year involved data security breaches, patent trolls, debit card surcharges and reimbursements for litigation records search requests. Data security breaches.

Data 70

Data Texas Community Bank Taxes 70

PYMNTS

JUNE 6, 2019

According to ValueBank Texas CEO Scott Heitkamp, the SBA’s initiative is “another attempt for credit unions to get [into] the commercial lending business,” raising concerns that credit unions could take away market share from banks. Not everyone is on board with the effort, though.

Lending 129

Lending Analytics Data Security 129

PYMNTS

JUNE 13, 2017

Diebold Nixdorf , the connected commerce technology company and Samsung SDS America announced they are teaming up to show how integrating advanced mobile technology — such as facial recognition — and the self-service channel can result in enhanced security and an improved consumer experience.

Samsung 119

Samsung ATM Austin Security 119

CFPB Monitor

MARCH 12, 2019

The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. Nearly half of these reported scams involved government imposters that falsely claimed to be from the IRS, Social Security Administration, other government agency to get victims to turn over money and/or personal information.

Nevada 74

Nevada Georgia Florida Delaware 74

PYMNTS

NOVEMBER 1, 2017

Potential regulatory uncertainty aside, however, Mastercard CEO Ajay Banga was upbeat about the results – and what’s next, particularly as it relates to securing an increasingly digital commerce-based world. “As the world becomes more connected, we remain very focused on security. “Safety and security is a key priority.”

Retail 112

Retail Cards Security Branding 112

PYMNTS

OCTOBER 28, 2019

PYMNTS recently spoke to Dustin Hemesath, FanFood’s co-founder and national sales manager, about the company’s position in the industry and how it meets logistical and security challenges. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States.

Mobile 101

Mobile San Jose California Iowa 101