PYMNTS

SEPTEMBER 20, 2018

The indictment, which was unsealed on Tuesday (September 18) in a federal court in Baltimore, charged the men with conspiracy, wire fraud, identity theft and money laundering. At least 400 victims in the Baltimore area, Virginia and in Texas were impacted, said Gordon Johnson of the Federal Bureau of Investigation’s Baltimore Field Office.

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Baltimore Maryland Texas Nevada 167

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

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Compliance Guidelines Meeting Tools 186

PYMNTS

DECEMBER 3, 2018

With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done by security breaches. For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017.

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Virginia Policies Security National 184

PYMNTS

OCTOBER 19, 2017

states, including Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. This contract extension will not only provide Sheetz with access to WEX’s … products and services, but its customers will benefit as well through fuel savings programs, fraud protection and data insight.”. WEX made news on Aug.

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Cards West Virginia North Carolina Virginia 100

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.

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Arlington System Ohio Virginia 150

PYMNTS

MAY 26, 2016

The transition to EMV was supposed to all but eliminate the danger of credit card fraud, but incomplete changeover, both in chip cards and compatible payments terminals, leaves plenty of room for the less scrupulous among us to take advantage and credit card numbers in equal turns.

Cards 100

Cards Kentucky Virginia Fraud 100

PYMNTS

DECEMBER 21, 2016

Engility , a cybersecurity firm based in Chantilly, Virginia, announced that it was awarded a $31 million contract in support of the U.S. Air Force Life Cycle Management Center, Cyber Security Engineering Division. We want to be able to ‘bake in’ cybersecurity from the beginning … with our weapons systems,” Gen. Ellen M.

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US Cyber Security Virginia Analysis 100

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Peer-to-peer fraud. Mary Thorson Wright is a writer in Virginia. Illustration by Monster Ztudio/Adobe. By Mary Thorson Wright. An NPR is due in 2024 or before. This area could evolve rapidly.

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PYMNTS

AUGUST 9, 2019

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers. Fraud comes in many flavors , and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point.

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Apple Virginia Regulation Millennials 115

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Independent Banker

AUGUST 31, 2022

Mistakes, system glitches and fraud happen. Fraud and unauthorized use happen. Mary Thorson Wright is a writer in Virginia. By Mary Thorson Wright. Direct deposit or bill pay failures, transaction input errors or operating system malfunctions could show up on a consumer’s deposit account statement. Mistakes and glitches happen.

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Community Bank Regulation Community Training 91

PYMNTS

AUGUST 23, 2018

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

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Cards South Carolina North Carolina Nebraska 112

PYMNTS

AUGUST 2, 2019

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers, people familiar with the matter told The Wall Street Journal on Thursday (Aug 1).

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Regulation Virginia Google Capital 144

PYMNTS

MARCH 23, 2016

There are two criminal complaints that have been unsealed in Virginia against Peter Romar, Ahmad Umar Agha (known online as “The Pro”) and Firas Dardar (“The Shadow”). The allegations in the complaint demonstrate that the line between ordinary criminal hackers and potential national security threats is increasingly blurry.”.

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social media Virginia United States National 100

PYMNTS

JANUARY 17, 2017

In 2016, some 19 academic institutions disclosed data security breaches. Hackers reportedly hit the University of Virginia, the University of Central Florida, the University of Connecticut and Michigan State University, to name a few.

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Los Angeles Bitcoin Connecticut Michigan 100

PYMNTS

AUGUST 10, 2016

Social Security numbers, medical information, bank account numbers and claims information were not part of the hack. John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken.

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Kansas City West Virginia North Carolina Company 100

FICO

APRIL 3, 2019

This article from the State of West Virginia is a perfect example: "More than 17% of Purchase Card transactions lacked sufficient documentation". data security, HIPAA, PII). Procure-to-pay: 3 Ways Analytics Solves Problems. (1) 1) Analytics can provide 100% coverage. Procure-to-pay Results: Finding Insights Through Analytics.

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Analytics West Virginia Virginia System 45

PYMNTS

NOVEMBER 10, 2017

Security camera or no security camera. ” For the much larger set who said, “no thanks,” privacy and security topped the list of concerns. ” For the much larger set who said, “no thanks,” privacy and security topped the list of concerns. No respondents have seen a boost in fraud.

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Retail New Jersey Taxes Virginia 100

PYMNTS

JANUARY 24, 2018

In 2012, Virginia became the first state to legalize remote notarization and allow participants in different states — or even different countries — to have documents notarized electronically. Securing the Signatures. In the mid-2000s, roughly 25 U.S. So, that’s the process people are used to, and the process they trust.”.

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Knowledge Base Virginia Security Technology 121

Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Kelly Pike is a freelance writer in Virginia.

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Community Bank Community Analytics Lending 70

PYMNTS

SEPTEMBER 26, 2016

arguing that the Securities and Exchange Commission should open an investigation after the data breach last week — quite possibly the largest breach in history. This isn’t the first time that Yahoo has been at the center of lawsuits involving failure to secure customer data, especially in the European Union.

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Security Data Virginia Fraud 100

Jeff For Banks

MARCH 20, 2016

billion in asset Union Bank & Trust in Virginia had $1.1 And for fraud without a time limit. Banks likely felt it more in their investment portfolio as they were chock full of collateralized mortgage obligations and mortgage backed securities. billion in equity capital since its founding in 2011.

Virginia 60

Virginia Risk Management Capital Comparison 60

Independent Banker

OCTOBER 29, 2014

Mary Thorson , a former Federal Reserve managing examiner and compliance consultant, is a financial writer in Virginia. In her remarks, Calvery spoke to the challenge faced by compliance professionals who toil to manage BSA/AML risk. Compliance Corner General Regulation & Compliance'

Compliance 80

Compliance Leadership Resources Virginia 80

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

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Fraud Las Vegas Company Video 78

CB Insights

APRIL 10, 2019

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.

Industry 78

Industry Examples Security Technology 78

Fintech Labs Insights

MARCH 22, 2016

Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Fraud solutions based on email addresses. Tags: Financial institutions, enterprises, security, fraud prevention, Wipro (strategic investor), Finovate alum.

Company 12

Company New York City Fintech Colorado 12

PYMNTS

MARCH 23, 2018

While announcing $1 million in seed funding, Finhaven said it is also rolling out a blockchain-based securities law compliance solution. The Canadian company said this week that Korea’s Medici Investments provided the investment, which preceded the rollout of its equity and debt issuance platform that creates tokenized securities.

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PYMNTS

JANUARY 22, 2021

Virginia-based CarLotz is an omnichannel site for pre-owned cars that sells vehicles through the web and an expanding network of U.S. Radius Bank: Virtual Debit, Mobile Tools Help Banks Fight Debit Fraud. CarLotz Aims to Disrupt Used Car Business (and to Go Public This Week). hubs” where shoppers can visit in person.

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Ohio Virginia Mobile Retail 229

PYMNTS

JANUARY 16, 2020

The unique secrecy and security of bitcoin and other cryptocurrencies have led to their use by domestic terrorist groups like white supremacists, experts said at a hearing Wednesday for the U.S. He said there had been a $60,000 bitcoin donation to Andrew Anglin, publisher of The Daily Stormer, after the attack in Charlottesville, Virginia.

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Bitcoin South Carolina Groups cryptocurrency 131

PYMNTS

JANUARY 3, 2021

The intruders' use of servers within the country made the attack especially potent because of laws that prevent the government's main cybersecurity operations — especially the National Security Agency — from spying on domestic targets, the Times noted. Sources told the Times the matter may have been exacerbated by the focus U.S.

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PYMNTS

NOVEMBER 5, 2018

Add security to the list, of course, as in the security of the election process itself. ” There’s a “central vulnerability” extant, they said, that comes as Facebook fails to use human reviewers to catch that fraud. Election day in the U.S. is tomorrow.

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social media Minnesota Virginia Tools 172

PYMNTS

JUNE 6, 2019

As a result of the news, New Jersey Democrats Bob Menendez and Cory Booker, as well as Mark Warner, a Virginia Democrat, wrote Quest on Wednesday (June 5) asking for more information about the breach. “I

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Data New Jersey Virginia New York 128

Fintech Labs Insights

DECEMBER 5, 2016

. “Last year, a Javelin report said that there was $9 billion lost due to card fraud. So do we have a security problem or a convenience problem?” ” “As a security professional I’ve always been told you can be secure or you can be convenient but you can’t be both,” White said.

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Security Mobile Technology Virginia 12

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. A most-wanted founder. via Business Insider.

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Capital Company San Francisco Operations 78

PYMNTS

MARCH 14, 2019

senators that would broaden the ability of the Securities and Exchange Commission (SEC) to recover (or claw back) money on behalf of investors victimized in financial crimes. Legislation is bowing in Congress from a pair of U.S.

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Louisiana Virginia Fraud Security 139

PYMNTS

AUGUST 11, 2017

The level of security on U.S. Attendees at the annual hacking conference DefCon were able to crack into two dozen machines, representing five different voting machine models, using just basic computer security and reverse-engineering skills. Conspiracy theorists who think someone tampered with the 2016 U.S. Why Was It So Easy?

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