‘Tis the season to be … wary. The holiday weeks mean fewer days in the office — online or onsite. Staffers embark on their usual round-robins of vacation. We’re all browsing sites and stores in search of the best deals on, well … everything. In...
You pick up the phone and hear a recorded message, purporting to be from the IRS. For a moment, you’re worried, but eventually, you think “This seems like a scam.” That’s because it is a scam, and if you’ve received a call like that, you’re...
Payments platform NMI is collaborating with digital identity firm Kount, an Equifax company, to provide independent software vendors, independent sales organizations and merchant partners with enhanced fraud protection. With this partnership, users of the NMI Advanced Fraud Prevention solution will be able to add Kount’s...
Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. According to a news release from the U.S. Justice Department, Rathnakishore Giri, 27, is accused of misleading investors by falsely claiming...
Fraud is top of mind in tech — especially in payments — and not just because of the collapse of crypto trading firm FTX. FinTechs promise to disrupt traditional financial services and through digital conduits at scale, also seek to speed up money movement, in...
Saying they made false claims promising consumers a “passive income,” the Federal Trade Commission (FTC) has taken action against DK Automation and its owners Kevin David Hulse and David Shawn Arnett. The moneymaking claims made by the defendants involved Amazon business packages, business coaching and...
Last month, biometric payment cards that incorporate fingerprint scanners received a significant boost thanks to the publication of new specifications by EMVCo, the global card standards-setting body owned by Mastercard, Visa, American Express, Discover, JCB and UnionPay. Among other things, the new EMV Contactless Kernel Specification is...
The U.K.-based embedded finance company Railsr announced on Tuesday (Nov. 15) that it has partnered with Featurespace to help protect Railsr customers from the threat of fraud. As part of the new partnership, Railsr will integrate Featurespace’s ARI Risk Hub into its anti-money laundering (AML)...
Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). “The idea that we’re going to trust these people to delete data that they have taken off and may have copied a million times is...
