The U.S. Department of Justice (DOJ) charged 14 people in two separate investigations into their alleged participation in schemes to defraud the Paycheck Protection Program (PPP) of more than $28 million in forgivable loans guaranteed by the Small Business Administration. Get the Full Story Complete the form...
In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in partner companies while it fought allegations of accounting fraud, the Financial Times reported. Get the Full Story Complete the form to unlock this...
Wirecard AG’s bankruptcy filing is not just having an impact on the once bright German payments company — its insolvency has left a huge gap in European banks’ income statements, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and...
The 17-year-old Florida teenager accused of being the mastermind of a plot to hack prominent Twitter accounts pleaded not guilty Tuesday (Aug. 4) to the largest security breach in the social networking site’s 14-year history, the Tampa Bay Times reported. Get the Full Story Complete...
SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The degree to which COVID-19 has converted consumers to digital channels is very visible with a quick glance at the data. Tim Horton, head of global merchant security and fraud solutions at Fiserv, told a recent PYMNTS Masterclass that online purchases have more than doubled year...
Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis...
Digital insurance platform CoverWallet, an Aon company, has unveiled a new offering for growth companies that have received venture capital (VC) investments, according to a Monday (Aug. 3) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). Get the Full Story Complete the form to unlock...
