Security & Fraud

Security & Fraud
Instagram Users Targeted In ‘Get Rich Quick’ Scams
February 25, 2019

Authorities in the United Kingdom have warned that there are Instagram posts that promote false “get rich quick” investment scams, and that the schemes have already tricked hundreds of people out of an average of about £9,000, according to reports. Get the Full Story Complete...

Security & Fraud
Hacks On UK Financial Services Firms Jump In 2018
February 25, 2019

Data breaches at financial services companies in the U.K. jumped fivefold last year, underscoring how the industry is a prime target for hackers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
MUFG Bank Enters Consent Order With OCC Over AML Compliance
February 22, 2019

MUFG Bank, a Japan-based institution, announced on Friday (Feb. 22) that it was entering into a consent order with the U.S. Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. Get...

Security & Fraud
Indian Parliamentary Panel Summons Facebook, WhatsApp, Instagram Over Users’ Rights
February 22, 2019

The Indian parliamentary committee on information technology has asked representatives from Facebook, the messaging app WhatsApp and the photo sharing app Instagram to appear and answer questions about citizens’ rights on social media platforms, according to a report from CNBC. Get the Full Story Complete...

Security & Fraud
California To Strengthen Data Breach Laws, Close Loopholes
February 22, 2019

Lawmakers in California have proposed a new bill that would close some loopholes in data breach notification laws, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Google Erred In Not Disclosing Microphone In Nest Security System
February 20, 2019

Google admitted that it didn’t tell users about a built-in microphone in its Nest Secure home security system, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Symantec: Formjacking Is Cybercriminals’ Newest Scam
February 20, 2019

With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Estonia AML Investigation Widens To Include Swedbank
February 20, 2019

Estonia’s investigation of money laundering involving Danske Bank is widening to include Swedbank, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Security & Fraud
Inverting The Fraud Approach: Fraudsters Can Check In, But Never Leave
February 20, 2019

A single data breach in 2017 exposed 143 million Americans’ credit details and personal information, and incidents that occurred a year later hit companies like Facebook, Google and Quora, affecting 100 million people. The numbers just keep adding up. Get the Full Story Complete the...