Sections
criminals
-
BitcoinBitcoin Daily: Gemcoin Founder Pleads Guilty In $147M Fraud Case; Dubliner Forfeits $67.6M In Bitcoin As Part Of Drug Case
Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion...
-
BitcoinSwiss Ski Resort Accepts Bitcoin For Taxes
Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes...
-
Security & FraudThe Rise Of Organized — And Disorganized — Crime In Physical Retail
They say the perfect crime is hard to commit, but last week in Spokane, Washington an intrepid burglar managed to pull it...
-
Security & FraudThe Rise Of Holiday Reshipping Fraud
Criminals get into the holiday spirit, too. For instance, they know how to talk in friendly, polite terms to overworked and often-frustrated...
-
Fraud PreventionDeep Dive: How Reshipping Scams Deliver For Fraudsters
The Better Business Bureau (BBB) has a warning for the public: When an offer appears too good to be true, that is...
-
FacebookFacebook To Enhance Encryption On Messenger Despite Regulators’ Protests
Facebook said it is going to enhance encryption capabilities on its Messenger communication platform, despite requests from lawmakers and regulators not to...
-
Fraud PreventionWhy Friendly Fraud Is Anything But Friendly
While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely...
-
AMLFinCEN Head: FinTech Firms Must Follow AML Laws
The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws....
-
LegalMichael Avenatti Arrested For Bank, Wire Fraud
Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort...
-
Fraud PreventionWhen Synthetic IDs Are As Good As The Real Thing
It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and...
-
Security & FraudReal Estate Money Laundering May Hit $1.6T A Year Globally
Governments around the world have a new front in their fight against money laundering: real estate. According to a report in Mansion...
-
Fraud PreventionWhen Fraud Risk Is Credit Risk In Disguise
Here’s a test: What’s fraud? Also, what’s a simple and legitimate matter of credit risk? Those aren’t trick questions, but rather a...
-
B2B PaymentsStudy Sees BEC Scams Gaining Ground
New year, and perhaps new fears for executives as fraudsters look to siphon off payrolls of unsuspecting firms via email scams, according...
-
AuthenticationThe Reality Of Real ID
At times, it seemed it would not get this far: the Real ID Act. States resisted the post-9/11 authentication law, and sought...
-
Security & FraudFBI Warns Of ‘Money Mule’ Fraud
The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United...
-
Security & FraudKPMG: How AI Defense Can Counter Faster Payments Fraud
Everything can seem right. But that’s only because the criminals are good. A person calls to inform a consumer that his or...
-
Fraud PreventionWhy Machines Need Humans To Beat Online Fraud
Fraudsters are nothing if not actors. Some of them are quite good, perhaps even worthy of an Oscar (or at least a...
-
Security & FraudChristmas In September? Holiday Fraud Planning Is In Full Takeover Mode
The criminals have already started. They are buying fraud tutorials and data from other criminals online. They are eyeing juicy targets such...
