Rivetz Corp., along with Rivetz International and both organizations’ leaders, have been charged by the Securities & Exchange Commission (SEC) with allegedly making an illicit coin offering, a press release says. Between July and September 2017, Rivetz reportedly offered and sold tokens called ‘RvT tokens’...
New Zealand was briefly the center of the cybersecurity world on Wednesday (Sept. 8), when several financial institutions (FIs) and the national post office were shut down by what government leaders said was a cyberattack. The Computer Emergency Response Team (CERT) said it was aware...
B2B2C platform Baanx is now the third-largest shareholder in Maxwell State Bank, which is regulated by the U.S., after a multimillion-dollar deal to bolster cybersecurity as well as banking access in the country, a press release says. “We are very excited to have taken a...
Global cybersecurity firm Kaspersky detected 1.5 billion attacks against Internet of Things (IoT) devices in the first half of this year, using “honeypots,” software that impersonates a vulnerable device, the company’s research department said in an email to PYMNTS on Friday (Sept. 3). Kaspersky’s research...
When finding deals online at a lower cost than in-store, it could mean eCommerce sellers are peddling stolen goods, according to a Thursday (Sept. 2) report in The Wall Street Journal. Dubbed organized retail theft, the practice involves stealing goods from brick-and-mortar stores in bulk...
The director and promoter of online crypto lending platform BitConnect has pleaded guilty for his part in allegedly defrauding retail investors of more than $2 billion, according to a press release from the Department of Justice (DOJ). Glenn Arcaro admitted that he conspired “to exploit...
The eCommerce fraud management platform Riskified is extending its three-year-old partnership with the home furnishings company Wayfair. The two companies joined forces in 2018, with Wayfair partnering with Riskified to scale and automate its payment fraud efforts, a collaboration that Wayfair says has “greatly” reduced...
In the battle against healthcare fraud, where the job is to make sure cyberattackers don’t make off with sensitive data or funds, it might seem as if the deck is stacked against the good guys. That’s because there’s a significant amount of manual labor involved...
The fraudsters go, always, to the path of least resistance. Michael Pantano, global head of Compliance at Worldpay, told PYMNTS that as 2021 moves toward its close, we’re seeing fraudsters probe several “attack” vectors — from card testing and bank identification number (BIN) attacks to...
