The Financial Crimes Enforcement Center (FinCEN) has issued an advisory against new scams involving healthcare or health insurance during the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The COVID-19 pandemic and the development of vaccines to combat the coronavirus have triggered an increase in cyberattacks on hospitals and healthcare agencies — and warnings about the dangers from the federal government. Get the Full Story Complete the form to unlock this article and...
A Leesburg, Virginia, man pleaded guilty to a federal bank fraud charge that he stole $2.5 million by obtaining Paycheck Protection Program (PPP) loans by saying he needed the money for what turned out to be fake payroll for fake employees at two real companies,...
Synthetic identity fraud has been called one of the fastest-growing financial crimes in the U.S., costing financial institutions (FIs) north of $6 billion a year. By way of background, synthetic identities are most commonly created by combining real information, such as a legitimate Social Security...
Sophisticated identity thieves from Russia and Nigeria are being blamed for a spate of fraudulent unemployment claims that may have caused as much as $30 billion — or a quarter of California’s payouts — to go to fake accounts or unworthy recipients. Get the Full...
Anyone who thinks they’ve seen it all in the pandemic-driven digital economy can add one more new category. Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era...
Two Austrian men have been arrested in Vienna for allegedly helping rogue Wirecard exec Jan Marsalek escape arrest after the payment company’s downfall last year, The Financial Times (FT) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Brad Wiskirchen, CEO of Kount, dives into the pandemic’s effect on payments, eCommerce and fraud prevention, and the importance of businesses to address account protection by early 2021. “As new digital interactions between our customers and partners and their end consumers develop, establishing identity trust...
Melissa Townsley-Solis, head of GIACT, discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. In “A Look Forward: What Executives Wish for America and the World in 2021.” She stresses the importance of small businesses fighting back against...
