A Texas resident, 32-year-old Samuel Yates, was charged with allegedly trying to file fraudulent bank applications for over $5 million in loans related to COVID-19 relief, according to a press release Friday (Jan. 15) from the Department of Justice. Get the Full Story Complete the...
People in general are more aware of — and concerned about — fraud as we pass through a second season of COVID, and eCommerce continues to rack up impressive stats, good and bad. Get the Full Story Complete the form to unlock this article and...
The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). Get the Full Story Complete the...
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 daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Commerzbank has told lawyers that the bank was a victim of fraud in the ongoing Wirecard case, Reuters reported Thursday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. And as new threats emerge, foiling fraud takes more than just spotting and flagging illegitimate transactions, says KP Brendel, director of marketplace operations at online...
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 daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later in the year, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and...
An ex-employee of SoftBank, a major Japanese wireless carrier, was reportedly arrested on Tuesday (Jan. 12) on suspicion of stealing trade secrets before taking a job with Rakuten Mobile, a smaller rival. Get the Full Story Complete the form to unlock this article and enjoy...