Security & Fraud

Security & Fraud
Wells Fargo Fires Over 100 For Allegedly Collecting COVID Relief Funds
October 14, 2020

Wells Fargo has fired over 100 employees for allegedly improperly collecting COVID-19 relief funds, according to sources quoted by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Terrorists And Scammers Raise Government Alarms Over Crypto
October 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
October 13, 2020

Insider fraud is emerging as yet another threat to the nation’s unemployment insurance (UI) program, already under siege as cybercriminals and criminal gangs make away with billions, according to a new federal report. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Microsoft Joins Offensive Against Major Botnet
October 12, 2020

Microsoft Corp. is well-known for making products to defend computers that run its software from attacks, but on Monday (Oct. 12) the company announced that it led a major offensive operation against one of the world’s most notorious botnets. Get the Full Story Complete the...

Security & Fraud
Indian Entrepreneur BR Shetty Fingers Former CEOs Amid Scandal
October 12, 2020

BR Shetty, the embattled Indian FinTech and healthcare entrepreneur, is calling for an investigation of two of his former CEOs amid a financial scandal that has consumed his once-mighty multibillion-dollar business empire. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Former NSA Head: Pandemic Increases Cyber Threats For Companies
October 11, 2020

The country’s former top cyber spy said the pandemic has created conditions that have left companies more vulnerable to cybercrime than they previously were, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Robinhood Reports Potential Hacking Incident
October 09, 2020

Online brokerage Robinhood, which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers’ personal email accounts, Reuters reported. Get the Full Story Complete the form...

Security & Fraud
Feds Charge Texas Man With CARES Act Fraud
October 09, 2020

Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8 million in federal Paycheck Protection Plan (PPP) funds, which are backed by the Small Business Administration (SBA) under the Coronavirus Aid,...

Security & Fraud
New US ‘Cryptocurrency Enforcement Network’ Takes Aim At Bitcoin Scammers
October 09, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. For instance, a new U.S. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address...