Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. 10). Get the Full Story...
Identity fraud is nothing to play around with, but you wouldn’t know that given its prevalence in the online gaming sector. “Three out of four American consumers are now interacting with gaming platforms, spending up to 14 hours a week on them — up from...
A Singapore businessman faces charges of falsifying documents that showed more than 100 million euros ($118 million) in three accounts held on behalf of Wirecard AG, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy...
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...
