Of all the dirty rotten scandalous schemes fraudsters get up to, one of the worst is the old “lonely hearts” scam, dressed up in smartphone attire. Dating websites and apps in the Netherlands have had a spate of this type of fraud in recent years,...
Two Chinese nationals were charged by the U.S. Justice Department (DOJ) with laundering over $100 million worth of cryptocurrency that was previously hacked by North Korean fraudsters, the DOJ said on Tuesday (March 3). Get the Full Story Complete the form to unlock this article...
In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Barbara Corcoran, a judge on the popular TV show “Shark Tank,” said she is “thrilled” about getting back almost $400,000 that she lost during a phishing email scam, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Comedy legend Groucho Marx is credited with the famous line, “I don’t want to belong to any club that would have me as a member.” Good thing people don’t feel that way about credit unions (CUs). Quite the opposite, actually. After rumors of decline, CUs...
To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A cross-section of European financial powerhouses – including members of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), chaired by the European Central Bank (ECB) – have joined forces to launch a sharing initiative for cybersecurity threat information, ECRB announced on Thursday (Feb....
Facial recognition outfit Clearview AI — which collects billions of photos off the internet, and uses them for facial recognition technology — has been hacked, and its entire client list was exposed to malicious actors, according to CNN. The company said it fixed the problem that caused...
A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 million waterfront house, $160,000 Tesla, and other lavish items, the U.S. Department of Justice...
