Among the most prevalent forms of cybercrime is identity fraud, which is typically divided into two subcategories. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
U.S. Sens. Bob Menendez and Elizabeth Warren sent a letter (Tuesday) April 26 to Zelle’s parent company, Early Warning Services, asking questions about the rise of fraud and scams on its peer-to-peer (P2P) money transfer platform and the alleged failure by Zelle and the big...
Kevin Thomas, a New York state senator, has introduced a new bill amendment that would establish some offenses related to rug pulls and other frauds with virtual tokens as official crimes, a report says. Get the Full Story Complete the form to unlock this article...
As election day nears for the Philippines, the country’s biggest bank, BDO Unibank Inc., is asking that the next president ratchet up legislation and enforcement to thwart cybercrime. The presidential and vice presidential elections are scheduled for Monday, May 9 as part of the 2022...
A Las Vegas grand jury on Wednesday (April 20) indicted Michael Zeto, 76, of Las Vegas on 20 counts of using fraudulent checks to steal money from victims’ bank accounts, charging him with wire fraud, bank fraud and aggravated identity theft, according to a U.S....
From criminals creating fake accounts using stolen or synthetic identities, to exploiting the traditional onboarding process, to capitalizing on data breaches to launch credential stuffing attacks; there seems to be no shortage of avenues fraudsters are using to launch attacks aimed at online businesses. Get...
A doctor in New York state has been indicted in an alleged $10 million Medicare/Medicaid fraud scheme, the U.S. Department of Justice said Thursday (April 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As Russia’s war in Ukraine continues, experts say sanctions and interruptions to the supply chain have made key commodities scarce, setting the stage for corruption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Global card issuing platform Marqeta is introducing a new product suite the company said will help customers that use its card-issuing platform fight fraud — a problem expected to generate losses of $400 billion over the next 10 years. Get the Full Story Complete the...
