In financial services, in the eternal war to keep customers (and themselves) safe from online fraudsters, banks may lift a mantra from the real estate sector: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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...
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...
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...
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...
The Reserve Bank of New Zealand said Sunday (Jan. 10) that it has been hacked — and that potentially sensitive personal and commercial information may have been involved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Russian hacker Andrei Tyurin, who helped carry out an attack on J.P. Morgan Chase, among other companies, has been sentenced to 12 years in prison, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Federal and state governments are cracking down on unemployment after an estimated $36 billion was swiped, most of it relating to Pandemic Unemployment Assistance (PUA), CNBC reported on Tuesday (Jan. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
