A former employee of Block (formerly known as Square) is accused of downloading Cash App reports containing sensitive data belonging to customers, according to multiple reports on Wednesday (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Officials from the U.S. and Germany have reportedly seized what they said was the world’s largest and most prominent darknet market, the Hydra Market, which works to sell illegal goods and services, a Bloomberg report said. Get the Full Story Complete the form to unlock...
The Federal Reserve on Tuesday (April 5) banned six former bank employees, including two who had previously worked in Bank of America Corp.’s wealth management unit, for approving fraudulent loans for small businesses that needed a financial boost during the COVID-19 pandemic. Get the Full...
PSCU, the payments credit union service organization (CUSO), has said it’s partnering with Q6 Cyber, which provides cybercrime intelligence for financial institutions, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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The Paycheck Protection Program (PPP) loans are gone. The various tranches of government aid have been exhausted, and trillions of dollars in economic aid are in the rear-view mirror. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Fraud has become a common concern for consumers, with the Federal Trade Commission (FTC) reporting recently that Americans lost more than $5.8 billion to fraud in 2021, with 2.8 million consumers filing reports. Get the Full Story Complete the form to unlock this article and...
A hacker who gambled $3 million that a decentralized finance (DeFi) protocol was exploitable hit the jackpot over the weekend, coming away with a tidy $12.6 million profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.K.’s Financial Conduct Authority (FCA) was busy in 2021 when it came to keeping the cryptocurrency space safe, not only fighting off money laundering efforts in the sector but also tracking an increase in scams that targeted consumers who use digital currency. Get the...
