Buy now, pay later (BNPL) has gone global, empowering people to set up their payments on a predetermined schedule. It gives people more control over their finances and the convenience of acquiring the goods and services they want on terms they can afford — all...
The nation’s top money laundering and terrorist financing watchdog reported wildlife trafficking threats are on the rise. The Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Treasury Department that collects and analyzes data on financial transactions and financial crimes, released its Financial Threat...
Four Indiana executives once associated with the now-defunct Banc-Serv Partners LLC were sentenced to prison in federal court this week. The government alleged that all four were associated with a 13-year conspiracy that involved loan guarantee programs. According to the Small Business Administration (SBA): Kerri...
Federal prosecutors say that a former Olympic speed skater fraudulently obtained $10 million in COVID relief funds, using some of that money to finance a movie made by “Lord of the Rings” actor Elijah Wood about serial killer Ted Bundy. According to published reports, Allison...
When consumers rushed into online shopping at the beginning of the pandemic, fraudsters were not far behind. In particular, the accelerated growth of eCommerce and related digital transactions such as curbside pickup and grocery delivery has spurred a corresponding explosion of card-not-present (CNP) fraud. The...
Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes. Dikshit reportedly made bets ahead of the Goldman Sachs acquisition of FinTech GreenSky for $2.2 billion. Dikshit had been accused of insider trading last month, with the charge being that he used...
Hackers backed by China and other nations are part of an increasing cohort looking to expose weaknesses in computer server software, according to Microsoft and cybersecurity experts. As The Wall Street Journal reported on Wednesday (Dec. 15), the fact that these cyberattackers have government backing...
No surprise: In the great digital shift, many consumers have turned to third-party apps to access their financial data. Yet those consumers are less than ideally aware about how the apps actually work — and just what it is that companies are doing with their...
There have been over 840,000 attacks on companies since Friday (Dec. 10) due to a vulnerability in the open-source Log4j software, Ars Technica reported. Check Point, a cybersecurity firm, said cyberattack reports had sped up since Friday when the vulnerability was noticed, according to the...
