Security & Fraud

Security & Fraud
Italy Fines Facebook $1.1M For Mishandling Data
June 28, 2019

An Italian data protection regulator hit Facebook with a fine of  €1 million ($1.1M) for violating local privacy laws in relation to the Cambridge Analytica scandal, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Florida City Pays Hundreds Of Thousands To Hackers
June 27, 2019

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. 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 to our daily newsletter, PYMNTS...

Security & Fraud
Citi Launches Outlier Payment Detection For Treasurers
June 26, 2019

Citi is rolling out its Payment Outlier Detection solution for corporate treasurers to automate the detection of outliers and combat fraud. 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
Crypto Regulation To Tighten Scrutiny On Money Laundering
June 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will...

Security & Fraud
Canadian Lender Hit With Data Breach Impacting 2.9M
June 21, 2019

Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 million members. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Deutsche Bank AML Probes Now Reach The US
June 20, 2019

Deutsche Bank has been implicated in a criminal probe for failing to follow money laundering laws, according to a report by The Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Huawei CEO: Banks Were Aware Of Firm’s Activities
June 20, 2019

The head of Huawei claims the banks involved in the U.S. case against his company knew about all of its business activities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
AML/KYC’s Data Confidence Crisis
June 20, 2019

The last thing anyone wants to hear from a financial organization is that the people tasked with risk management are feeling less than confident about their ability to do the job — because they aren’t sure if their data is good. If the risk experts...

Security & Fraud
North Korea Dodges Sanctions With Crypto Heists And Cybercrime
June 18, 2019

Kim Jong Un’s regime in North Korea is thought to be relying more and more on cybercrime to gain access to foreign currency, according to a report by The Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...