Following a non-jury trial in March, a federal judge has said that PricewaterhouseCoopers LLP (PwC) must pay the Federal Deposit Insurance Corp. (FDIC) $625.3 million after failing to detect fraud between a client and a mortgage lender. Colonial Bank, which was PwC’s client, and Taylor,...
Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a world of breached consumer data, companies are taking new approaches to authenticating a consumer’s identity online. In the latest Digital Identity Tracker, Quicken Loans EVP Bill Banfield explains how Quicken maps borrower data to the original sources to prove their true identity. That,...
Another day, another (possible) data breach: Adidas revealed that it has come under attack from cybercriminals looking to steal personal information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
News from the frontline of the digital fraud fight is mixed. A recent report found the number of data breaches dropped by 40 percent in Q1 2018. While that’s a positive development, more than 1.4 billion consumer records were exposed on the black market over...
Ticketmaster U.K. revealed that over the weekend it identified malicious software on a customer support product hosted by Inbenta Technologies, an external third-party supplier to Ticketmaster. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Exactis, the marketing and data aggregation firm, was the subject of a data breach in which customer information ended up on the Internet for hackers or anyone else to view. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Equifax has made a deal to tighten up its security after a massive data breach that compromised the sensitive data of more than 145 million people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The category of real estate has not traditionally been a haven for fraud, but it does exist. Leasing fraud made its first significant appearance in a Consumer Sentinel report three years ago in the form of identity fraud and theft – that is, fraudsters were...
