September 14, 2023
Fraud Losses From Impersonator Scams Double For Largest US Banks
Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods have accelerated this phenomenon. As...
September 13, 2023
Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
Caesars Entertainment, the operator of Caesars Palace in Las Vegas, reportedly fell victim to a cyberattack during the summer and paid a ransom of approximately $15 million to the hackers....
September 13, 2023
US Subcontractor Must Pay Criminal Fine For Rigging Bids
A federal judge in Austin, Texas handed down a sentence to J&J Korea Inc. (J&J Korea) today, mandating the South Korean-based company to pay nearly $9 million dollars of criminal...
September 13, 2023
Why CFOs Sit in the Middle of Effective Process Modernization
When CFOs can capture new efficiencies while lowering legacy costs, that’s an easy organizational win. Faced with ongoing macro headwinds, and despite a somewhat softening environment, today’s finance teams are...
September 13, 2023
MGM Resorts Hack Becomes Hassle for Vacationers Who Must Use...
The cyberattack on MGM Resorts is still reportedly causing trouble for travelers. Guests at the MGM Grand in Las Vegas are dealing with restaurants and bars that are only taking...
September 12, 2023
PayPal to Simplify Crypto Payments for Web3 Merchants
PayPal is aiming to make it easier for Web3 users to buy and sell cryptocurrency. The company is simplifying how wallets, decentralized applications (dApps) and non-fungible token (NFT) marketplaces can...
September 12, 2023
Visa Investment Helps Form3 Expand Anti-Fraud Efforts
Account-to-account (A2A) platform Form3 says Visa is a believer in its anti-fraud efforts. To that end, the payments giant has invested in the British company to help support its expansion,...
September 12, 2023
CertifID Raises $20 Million to Combat Real Estate Wire Fraud
Wire fraud prevention company CertifID has raised $20 million in a Series B funding round. The financing, announced Tuesday (Sept. 12), will help the Texas-based firm develop fraud prevention products for the real estate...
September 12, 2023
ACI Worldwide Debuts Digital Central Infrastructure for Real-Time Payments
ACI Worldwide, a provider of real-time payments software, has launched an end-to-end digital central infrastructure solution designed for central banks and financial institutions. The new digital central infrastructure is a...
