December 16, 2022
Goldman Sachs Layoffs May Reach 4,000 Across Firm
Goldman Sachs layoffs reportedly may reach as many as 4,000 employees. Reuters reported Friday (Dec. 16) that these planned cuts follow the firm’s laying off 500 employees in September and...
December 16, 2022
Operationalizing the Regulation of Online Content Under a Democratic Deficit:...
Europe is currently experiencing a renewed raft of social media regulations with the newly adopt Digital Services Act. This is significant because it demonstrates the European Union further intervening into...
December 16, 2022
The DSA, Due Diligence & Disinformation: A Disjointed Approach or...
The newly-introduced Digital Services Act (“DSA”) sets as its ambition ensuring a “safe, predictable and trusted online environment” by targeting the spread of illegal content, on the one hand, and...
December 14, 2022
Burned Bored Ape NFT Holders File Suits Against Celebrity Backers
Scorched investors are suing celebrity backers of Bored Ape NFT tokens, claiming they were misled. The recent crypto cool down has left a slew of retail investors angry and feeling...
December 09, 2022
An Insider’s Take on Processing Instant Payments Securely
Executives reported a 73% increase in P2P fraud and 44% in instant or real-time payment fraud in the last 12 months, according to PYMNTS data. In this month’s “Digital Fraud...
December 08, 2022
Instant Payments Forces Banks to Put Fraud Prevention at the...
The speed that makes instant payment apps such as Zelle and Venmo popular also makes them attractive tools for fraudsters. Bad actors defrauded nearly 18 million Americans through digital wallets...
December 06, 2022
Contis Brand Retires Following Embedded Finance Merger With Solaris
Following last year’s merger with Solaris, the Contis brand is being retired. In a press release on Tuesday (Dec. 6), Solaris wrote that the Banking-as-a-Service (BaaS) provider Contis will now...
December 06, 2022
Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the theft as a hacking team...
December 02, 2022
Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. That’s the short version of a new congressional report that is blaming FinTech companies for...