Sections
security & fraud
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1.3KSafety and SecurityAuthenticating Combines Verification Services To Prevent Identity Fraud
Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as...
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1.7KFacebookNew York Grand Jury Looking Into Facebook’s Data Sharing Agreements
Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest...
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3.7KSecurity & Fraud800M Email Addresses Exposed Online
A security researcher claims to have discovered a non-password protected MongoDB instance at Verifications IO, marking what Security Discovery called the biggest...
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3.1KAMLEuropean Commission To Create New AML Blacklist
The European Commission vowed to compile a new list of countries that present a money laundering risk by summer as it steps...
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3.5KSecurity & FraudCitrix Says Internal Network Hacked
Citrix, the networking software company, disclosed late last week that its network was infiltrated. According to Citrix, the company was contacted by...
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3.0KSecurity & FraudMarriott International CEO Says It’s Not Clear If China Is Behind Hack
Marriott International Chief Executive Arne Sorenson appeared before a Senate subcommittee Thursday (March 7) to discuss the data breach of the Starwood...
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2.5KRegulationSweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes...
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3.8KSecurity & FraudKaspersky: Mobile Malware Attacks Doubled In 2018
A new report by Kaspersky Lab, the Moscow-based cybersecurity and anti-virus company, has revealed that attacks on mobile devices with malware doubled...
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2.9KCryptocurrencyFBI Joins Fray As QuadrigaCX’s Missing Crypto Case Winds On
Might there still be some (crypto) money left in Quadriga’s (crypto) till? The news early in the week may have centered on...
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3.1KSecurity & FraudNordea Accused Of Handling $790M In Suspicious Transactions
Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years....
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2.5KInternationalBusiness As Usual For North Korean Hackers Despite Trump Meeting
At the same time that President Trump was meeting with North Korean leader Kim Jong-un, hackers in North Korea continued to attack...
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3.5KSecurity & FraudDigital Office Building Access Systems At Risk Of Hacks, IBM Finds
Offices buildings that use digital systems to let visitors in are at increased risk of hackers getting into their systems. According to...
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2.9KAmazonAmazon Lets Brands Remove Fakes From eCommerce Platform
Amazon is adopting a new approach to fighting counterfeits on its platform, announcing on Thursday (Feb. 28) the launch of Project Zero....
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13.4KSecurity & FraudIntuit Denies Data Breach At TurboTax
Intuit, the parent of TurboTax, is denying a report from the Dark Reading blog Monday (February 26) that TurboTax suffered a breach...
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7.5KRegulationFTC Settles With SoFi
The Federal Trade Commission announced it has resolved its investigation of online lender SoFi, following a public comment period. According to an...
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3.9KSecurity & FraudHacks On UK Financial Services Firms Jump In 2018
Data breaches at financial services companies in the U.K. jumped fivefold last year, underscoring how the industry is a prime target for...
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4.8KAuthenticationWhy Digital IDs Need A ‘Trust Anchor’
Customer experience is the Holy Grail of commerce — especially for eCommerce. But the ease and speed that consumers demand when transacting...
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5.3KSecurity & FraudSymantec: Formjacking Is Cybercriminals’ Newest Scam
With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise...
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4.4KSecurity & FraudBreaking Down Organizational Silos To Break Fraud
The fight against fraud really kicks in with customer onboarding — but that is only the first step, of course. Enhancing the...
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5.3KSecurity & FraudChinese Hackers Expand Attacks Amid US Anti-Huawei Push
Attacks by Chinese hackers against telecom companies have risen in the last year, a troubling sign that could mean China is pushing...
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3.8KSecurity & FraudAML Scandal Leads To Danske Exit From Russia, Baltics
Danske Bank, which was involved in one of the biggest money laundering scandals of all time, will no longer do business in...
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2.4KFraud PreventionCan Retailers Push Back Against Surging Account Takeovers?
Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail...
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3.0KSecurity & FraudDanske Bank Ordered To Shut Down Estonian Branch
Danske Bank was ordered by Estonia to shutter its local branch at the center of a money-laundering scandal, and has been given...
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4.7KSecurity & 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...
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7.1KSecurity & FraudEtsy Payment Error Hits Sellers
Etsy suffered a bill payment error in which a large amount of money was withdrawn from several of its sellers’ bank accounts and...
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3.9KSecurity & FraudAustralian Gov’t Discloses Attack On Parliament Computer Network
The Australian government has disclosed that it was the victim of a cyber attack and said the government suspects a state actor,...
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3.2KSecurity & FraudChina’s P2P Crackdown Nets 62 Arrests, $1.5B Seized
China’s Operation Fox Hunt has led to the arrest of 62 Chinese nationals abroad and the seizure of 10 billion yuan ($1.5 billion)...
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3.7KSecurity & FraudWatchdog Orders Deutsche Bank To Review Policies Post-AML Scandal
Bafin, the German financial watchdog that is monitoring Deutsche Bank’s involvement in the Danske Bank money laundering scandal, has asked the bank...
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2.1KRegulationSLPs Not Complying With UK Rules, And Not Being Punished
Nearly half of the U.K. corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any...
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2.6KSecurity & FraudCoffee Meets Bagel Discloses Users’ Information Was Breached
Coffee Meets Bagel, the online dating site, disclosed on Thursday (Feb. 14) that it was hacked. According to a report in The...
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2.5KSecurity & FraudApple’s Enterprise Certificates Being Used By Software Pirates
Apple has been infiltrated by software pirates who figured out a way to use digital certificates to gain access to an Apple...
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2.8KSecurity & FraudGM Test Drives Blockchain ID Verification
General Motors’ financing unit, General Motors Financial, is teaming up with Spring Labs, a blockchain company, to create identity verification solutions. In a press...
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2.9KSecurity & FraudDunkin’ Falls Victim To Credential Stuffing Attack Again
Dunkin’ revealed Tuesday (February 12) that hackers were able to get access to customer information via a credential stuffing attack. According to a...
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2.3KBankingSWIFT Expands Its Reach By Adding Corporates To KYC Registry
SWIFT announced Tuesday (February 12) that it opened its Know Your Customer platform, the KYC Registry, to corporate groups. In a press release,...
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3.4KSecurity & FraudHow ‘Dynamic Friction’ Could Be Online Fraud’s Kryptonite
Do you want to gain a step on fraudsters? Do you want to beat them while also making it as seamless as...
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3.3KSecurity & FraudApple MacOS Password Vulnerability Found By German Teen
A German teen has found a vulnerability bug in macOS that exposes all passwords stored on the system, but he has decided...
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1.7KBankingLloyds Online Banking Platform Experiences Outages
Lloyds, the U.K. banking company, saw its online banking platform go down on Monday (Feb. 11) morning, with City A.M. reporting some...
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2.4KRetailWalmart, Six Other Retailers See Judge Dismiss Shoplifting Lawsuit
Walmart and six other retailers saw a federal judge toss out a lawsuit that accused the group of forcing shoplifters to take...
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3.4KSecurity & FraudFederal Cybersecurity Professionals Play Catch-Up Weeks After Gov’t Shutdown
Federal cybersecurity workers tasked with protecting the federal government from hackers have been scrambling to catch up two weeks after the longest...
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3.7KSecurity & FraudWirecard Denies New Fraud Allegations Amid Decline In Shares
Wirecard, the German-based payments company, saw its stock tank again Thursday (Feb. 7) after the Financial Times ran a new report alleging...
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5.1KSecurity & FraudHackers Employed By China Infiltrate Norwegian Software Company Visma
Hackers employed by the Chinese government were able to get into the network of Visma, a Norwegian software company, to steal client...
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4.9KSecurity & FraudUK’s Metro Bank Attacked By Cyber Fraud
Metro Bank, a British financial institution launched in 2010, said it was targeted by cybercriminals in a scheme where a vulnerability in...
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3.9KSafety and SecurityState Bank Of India Exposes Financial Data Of Millions
State Bank of India, India’s biggest bank, was forced to patch a server that was unsecured, providing anyone with access to customers’...
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4.6KSecurity & FraudMost Fortune 100 Companies Use Software That Enabled Equifax Hack
Equifax’s data breach of nearly two years ago hasn’t taught a majority of Fortune 100 companies a lesson, with reports stating that...
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2.8KSecurity & FraudSingapore’s HIV Registry Data Exposed Online
Singapore’s Ministry of Health disclosed Monday (Jan. 28) that the private health information of its citizens has been breached. According to a...
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7.0KAuthenticationBanks As The Keeper Of Consumer Digital IDs?
You can’t have trust without some type of trusted authority, and any type of authority is fragile without a reasonable level of...
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5.9KSecurity & FraudTwitter Data Breach Prompts GDPR Investigation
The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. On Friday (Jan. 25), the DPC said it...
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4.3KB2B PaymentsFraud Makes Headway Via ‘Payroll Diversion’
Corporate fraud – from within the company, and from without – continues to make headlines and headway, with the past week having...
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2.9KFacebookAdvocacy Groups Call On FTC To Break Up Facebook
Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the...
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5.3KBank RegulationFed To Investigate Deutsche Bank’s Role In Danske Bank Scandal
Deutsche Bank’s handling of billions of dollars in suspicious transactions from Danske Bank’s Estonian branch is raising the ire of the Federal...
