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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room. According to computer security firm McAfee, criminals have been using RagnarLocker since late 2019. Corporate travel manager CWT paid $4.5

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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary.

Fraud 223
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LA Lakers Return PPP Loan

PYMNTS

The Lakers, one of the most profitable sports franchises, secured the coronavirus stimulus loan through the Small Business Administration’s (SBA) PPP. Amy Klobuchar of Minnesota and 21 senators urged the Treasury and the SBA to make sure the latest round of PPP funds reach the SMBs that need it. But on Monday, Sen.

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MN Man Admits Helping MyPayrollHR With NY Fraud

PYMNTS

Luke Steiner, 31, of Minnesota pleaded guilty on Wednesday (Feb.5) After being arrested in September, he was released on a $200,000 bond secured by his home and two cars. Steiner said he helped the 49-year-old Mann allegedly defraud two finance companies out of nearly $13 million between 2013 and 2019.

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Uber Sets Grubhub Value At $6B As Takeover Talks Go On

PYMNTS

PYMNTS reported Wednesday (May 13) that a combined Uber Eats-Grubhub would control 55 percent of the nation’s meal delivery market, according to Wedbush Securities. Market tracker Second Measure found Uber-Grubhub would capture about 80 percent market share in New York City, 70 percent in Boston and 60 percent in Chicago.

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NJ Launches First Mobile App For Lottery Tickets

PYMNTS

It also says that it makes the lottery even more secure “by being the first company to automatically lock a player’s identity to their ticket serial number.” The company is available as of now in New Jersey, Texas, New Hampshire, and Minnesota. It is also “expanding to many new markets” per the announcement. .

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Federal Cybersecurity Professionals Play Catch-Up Weeks After Gov’t Shutdown

PYMNTS

In a letter to the Department of Homeland Security and the NSA, five senators including Minnesota lawmaker Amy Klobuchar expressed concern about the impact the shutdown will have on cybersecurity. The report noted that there are concerns that the real impact from the shutdown will take time to play out.

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