Security & Fraud

Security & Fraud
Fitch: AML Shortcomings Impact Bank Credit Ratings
May 10, 2019

As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and anti-money laundering (AML) controls are more likely to impact the credit rating of a bank than non-financial factors. Categories examined...

Security & Fraud
Storage App Used Photos To Train Facial Recognition Software
May 09, 2019

A popular photo app called Ever, which was ostensibly used for cloud storage of photos, has been using customer pictures to train facial recognition AI software, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Privacy Groups Accuse Amazon Of Storing Kids’ Convos
May 09, 2019

A group of privacy and child advocacy groups is filing a complaint with the Federal Trade Commission (FTC) alleging that Amazon’s Echo Dot Kids devices record and save the conversations of children. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Loomis To Launch Internal Money Laundering Inquiry
May 09, 2019

Loomis, the Swedish cash handling company, said it will launch an internal inquiry into allegations it was involved in a money laundering scandal in Denmark. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
US Authorities Shut Down Deep Dot Web Amid Money Laundering Charges
May 08, 2019

The U.S. Justice Department has brought charges against Deep Dot Web, a site that featured news, information and reviews about dark web sites and surreptitious marketplaces, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Amazon Merchants Affected By Cyberattack
May 08, 2019

Amazon was the target of an “extensive” cyberattack in which hackers stole money from merchant accounts and funneled them into their own, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Samsung Internal Coding Projects Leaked Data
May 08, 2019

Dozens of internal coding projects being worked on by Samsung engineers were reportedly leaking source code, credentials and keys because of a lack of security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Hackers Net $41M In Binance Bitcoin Heist
May 08, 2019

Binance, one of the biggest cryptocurrency exchanges in the world, was reportedly hacked — with the bad guys stealing bitcoin valued at $41 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Freedom Mobile Exposes Data On Thousands Of Customers
May 07, 2019

Freedom Mobile, the Canadian wireless carrier, reportedly exposed its customers’ data and took a week to fix the security lapse after being alerted to it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...