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Poorer Nations Are Teaching Their Richer Counterparts About Cybersecurity

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A new United Nations (U.N.) survey on cybersecurity found Singapore is taking a close to perfect approach at the same time that rich countries have a lot of gaps in their security defenses when it comes to defending against cyberattacks. According to a news report in Reuters , citing the results of the survey, the U.N.

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Authorities Bust 20 In Alleged International Malware Scam Ring

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Department of Justice reported that the ring involved numerous individuals from countries including Russia, Latvia, Georgia, Bulgaria, Romania and Belgium, according to the AP. The United Nations reported that up to $2 trillion is laundered every year, which comes out to about 5 percent of the global gross domestic product (GDP).

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Virtual Cards Run Into Payroll Card-Like Legal Troubles

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Now, a new legislative battle is waging in the state of Georgia. Reports in Online Athens on Monday (July 16) highlighted the Georgia General Assembly’s passage of legislation that bans insurance providers from requiring medical service practitioners to accept virtual cards without another option of receiving payment.

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Small Business Bailout Could Cost Up To $500B Monthly

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At the same time, the SBA’s bailout has exhausted its $349 billion fund to keep small and medium-sized businesses (SMBs) afloat amid the coronavirus pandemic that has closed down much of the nation. The PPP loans are part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress last month.

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NACHA Report: Inaugural Meeting Of API Standardization Industry Group

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National Automated Clearing House Association ( NACHA ) — the Electronic Payments Association — and the Payments Innovation Alliance recently released a summary report from the API Standardization Industry Group’s inaugural meeting, which took place in May. As such, they can help improve the safety, efficiency and speed of communications.

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Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17

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Infamous in national news for an uptick in violent crime, Allendale received a positive media boost from Democratic presidential contender Pete Buttigieg’s recent visit to increase support in the town’s African-American majority. Residents are maxing out cashback options from their Social Security debit cards, he said.

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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

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FATF would manage the project, while the 15 nations, including the G7 members, Australia and Singapore, would develop the system, according to Nikkei Asian Review. And finally, blockchain technology company Blockstream has announced it is launching “massive” bitcoin mining data centers in Quebec and Adel, Georgia.