The City of Baltimore lost over $803,000 when a fraudster diverted two of the city’s electronic fund transfer (ETF) payments intended for a vendor to another bank account. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Treasury Department is warning financial institutions to watch for scams involving convertible virtual currency (CVC) kiosks. 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,...
The escalating sophistication of financial scams is forcing financial institutions to re-evaluate their defense strategies, as new research reveals that criminals are now mimicking legitimate business tactics to defraud consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Researchers discovered a security threat in Google’s artificial intelligence chatbot. 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 Today. By completing this...
Scammers are using fake news websites that mimic trusted media brands to spread and promote investment fraud, according to digital risk protection platform CTM360. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Securities and Exchange Commission (SEC) said Friday (July 11) that it filed charges against Newnan, Georgia-based First Liberty Building & Loan and its founder and owner, Edwin Brant Frost IV, alleging that they operated a Ponzi scheme. Get the Full Story Complete the form...
Five people have been arrested in Europe in two separate, unrelated cases related to ransomware, Ars Technica reported Thursday (July 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Four federal agencies said Monday (June 30) that fraudsters linked to Iran may launch cyberattacks on organizations in the United States, especially those involved with critical infrastructure, following the recent U.S. bombing of sites associated with Iran’s nuclear program. Get the Full Story Complete the...
Across today’s online marketplaces, understanding the customer isn’t enough. eCommerce firms need to also understand the criminal. 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...
