For their alleged roles in a massive stock fraud and money laundering scam involving a Picasso, the U.S. Department of Justice has criminally charged 10 defendants. Prosecutors named U.K.-based Beaufort Securities Ltd and two of its managers, among others, in the case, according to news...
Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Get the Full Story Complete the form to...
An internal auditor at a Mumbai branch of Punjab National Bank is accused of conspiring with other officials to defraud the lender of $2 billion, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The controversy surrounding Wells Fargo continues. 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 form, you agree to...
Equifax, the credit scoring company embroiled in a 2017 data breach scandal, disclosed news on Thursday (March 1) that has identified 2.4 million more consumers in the U.S. whose partial driver’s license information was stolen. Get the Full Story Complete the form to unlock this article...
Reports out this morning indicated that a whistleblower inside Denmark’s biggest bank warned the institution that its Estonian branch was being used by members of the Putin family as a front for money laundering. That warning was reportedly in 2013. Get the Full Story Complete...
Email phishing has remained one of the most popular ways to trick people out of their money since the days of false Nigerian princes, who claimed they would share their inheritance with random strangers in a foreign land if those strangers could just do them...
What’s left to say about digital identity that hasn’t already been said? 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...
New research out from the cybersecurity team at Kaspersky Lab indicates that DDoS attacks are costly today — and getting more so by the minute. According to the report, SMBs can count on a price tag of around $120 thousand on the attack, while enterprise-level...
