T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Live Nation’s Ticketmaster has agreed to pay a $10 million criminal fine in order to sidestep prosecution on charges that it hacked a competitor’s computer system to steal confidential information, according to the U.S. Department of Justice. Get the Full Story Complete the form to unlock this...
Although the $900 billion COVID-19 relief package passed by the White House this week includes $284 billion for small and mid-size businesses (SMBs), there are signs that the Paycheck Protection Program (PPP) still has vulnerabilities that previously led to fraud, The Wall Street Journal reported...
Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., the Associated Press (AP) reported. Get the Full Story Complete the...
With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Get the Full Story Complete the form to...
The suspected Russian hackers who penetrated important U.S. government networks by hijacking the system information technology vendor SolarWinds Corp. used to update customers’ software also used Microsoft resellers’ systems to break into their clients’ systems, Reuters reported, citing investigators. Get the Full Story Complete the...
Two owners of a dozen New York City-area pharmacies have been charged for their reported involvement in a $30 million health care fraud and money laundering scheme, a press release Tuesday (Dec. 22) from the Department of Justice said. Get the Full Story Complete the...
Shopify has seen its revenues surge as the pandemic has pushed consumers to buy more goods online. At the same time, however, the online marketplace has become a hub for scams and counterfeit goods, according to eCommerce authentication service FakeSpot. Get the Full Story Complete...
MoneyGram International is putting its muscle behind U.S. regulators’ proposal to tighten financial reporting required of financial institutions (FIs). 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...
