Security & Fraud

Security & Fraud
Americans Rush To Download WeChat App In Advance Of Ban
September 22, 2020

WeChat users in the U.S. are racing to download the Chinese multi-purpose messaging, social media and mobile payment app, Reuters reported. 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
EMV 3DS: Why 2020 Is Different
September 22, 2020

“Never buy a couch without consulting your spouse.” It’s timeless advice, but PAAY Chief Technical Officer Adam Gluck told Karen Webster that a friend of his recently failed to heed it. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
HSBC To Staff: Stay Off Bank’s Social Media Accounts
September 21, 2020

The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept. 21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ).  Get the Full Story Complete the form to...

Security & Fraud
California Freezes Jobless Claims As Anti-Fraud Efforts Trigger Massive Backlog
September 21, 2020

California is putting all new unemployment benefits claims on hold for the next two weeks as it tries to sort out an epic backlog affecting more than 1.6 million people who have lost their jobs amid the coronavirus crisis. Get the Full Story Complete the...

Security & Fraud
FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML
September 21, 2020

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? 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...

Security & Fraud
Rubio Unconvinced Oracle Can Prevent TikTok Leaks To China
September 21, 2020

As the deal between Oracle Corp. and Walmart Inc. takes shape for a minority stake in TikTok Global, one U.S. senator isn’t convinced the app’s data won’t still fall into the hands of the Chinese government.  Get the Full Story Complete the form to unlock...

Security & Fraud
Report: FinCEN Files Reveal Billions In Suspicious Money Flows
September 21, 2020

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Ex-NS8 CEO Charged With Defrauding Investors With Falsified Revenue
September 17, 2020

The U.S. Securities and Exchange Commission (SEC) filed an “emergency action” against former NS8 Inc. Chief Executive Officer Adam Rogas, pursuing an asset freeze and charging him with “defrauding investors” by allegedly untruthfully claiming millions in sales, according to a Thursday (Sept. 17) statement. Get...

Security & Fraud
Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money
September 16, 2020

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...