Sections
security & fraud
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364Security & FraudApple Apologizes For Stolen Apple IDs In China
Apple, nearly a week after it emerged that some Apple IDs were stolen in China, apologized for the hacking, saying in a...
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1.3KBank RegulationANZ CEO Tries To Clean Up Misconduct At The Bank
Australia and New Zealand Banking Group announced Friday (October 12) that it fired more than 200 employees for engaging in misconduct, reported...
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4.4KSecurity & FraudHackers Steal Alipay Customers’ Money Via Stolen Apple IDs
Alipay, the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters, citing Ant...
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1.9KSecurity & FraudFBI Urges Caution On Chinese Amazon/Apple Hack Reports
FBI Director Christopher Wray had this to say about recent allegations that spy chips from China had been placed into servers owned...
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1.9KCredit UnionsPSCU CEO: The Quiet Power Of Credit Unions’ 100M-Member Network
Credit unions can be easy to overlook and underestimate — individually, they generally don’t have a massive amount of assets, their membership...
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1.6KGoogleAGs Probe Google Data Breach
The New York Attorney General and the Connecticut Attorney General are investigating the Google data breach that may have exposed the private data...
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843Security & FraudGoogle Kept Google+ Data Breach Quiet
Google announced Monday (October 8) that it is shutting down Google+ after finding a security bug that made data on 500,000 users...
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1.0KBank RegulationInvestors Warned To Heed Big Bank Regulator Fines
Investors shouldn’t shrug off fines against big banks that run afoul of banking regulations because they impact returns over the longer term....
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2.2KSecurity & FraudFinCEN: US Banks Should Be Wary Of Nicaragua Assets
The Financial Crimes Enforcement Network said Thursday (October 4) that U.S. financial institutions are at increased risk that proceeds from Nicaragua may...
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1.5KToday In DataToday in Data: Bridging The Digital Payments Divide, Carefully
There is much evidence to suggest that the only acceptable pace for digitization in payments and commerce is faster. Disbursements, wherever one may find...
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2.4KB2B PaymentsN. Korea Cyber Group Using SWIFT To Steal From Banks: Report
A new report from cybersecurity experts at FireEye claims a North Korea-led cyber campaign has swindled banks of hundreds of millions of...
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2.5KSecurity & FraudCredit Unions, Community Banks Can Pool Resources To Fight Money Laundering
Federal regulators ruled Wednesday (October 3) that credit unions and community banks can pool resources for anti-money laundering compliance so that they can protect...
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3.3KFacebookFacebook Says Hackers Haven’t Accessed Third-Party Apps
Facebook, reeling from the latest security data breach that impacted 50 million users, said Tuesday (October 2) hackers didn’t access third-party websites...
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2.4KSecurity & FraudFacebook’s Latest Hack Deemed ‘Sophisticated’
Facebook’s Vice President of Global Marketing Carolyn Everson told an Advertising Week panel Monday (Oct. 1) that the latest cyberattack, in which...
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3.3KSecurity & FraudIdentityMind Integrates With CipherTrace
IdentityMind Global announced Monday (Oct. 1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace’s digital currency risk...
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1.6KLegalOpenTable Employee Charged With Making Fake Reservations At Rival Service
OpenTable employee Steven Addison was charged by federal prosecutors with making fake reservations on a rival’s website at a time when he...
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3.1KCredit UnionsWhy Credit Unions Should Talk The Fraud Prevention Talk
When it comes to how consumers think about where their funds are the safest, large banks can benefit from somewhat of a...
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2.3KSecurity & FraudNew York AG Sues Student Loan Servicing Companies
New York’s attorney general Barbara Underwood on Thursday (September 20) sued ten companies and two executives for tricking student loan borrowers into...
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1.8KInternationalLiberia Investigates $104M In Missing Bank Notes
The Justice Ministry in Liberia announced on Thursday (Sept. 20) that it is investigating $104 million in newly printed bank notes that...
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2.1KSecurity & FraudDanish Regulator Reopens Danske Bank Probe
The Danish Financial Supervisory Authority said Thursday (Sept. 20) that it has reopened an inquiry into the money laundering scandal at Danske...
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2.4KSecurity & FraudTicketmaster Accused Of Secret Deals With Scalpers
Ticketmaster, the entertainment company, has reportedly been inking behind-the-scenes deals with scalpers at the same time that it publicly decries the practice....
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3.0KSecurity & FraudGovernment Payment Service Leaks Data On 14M Customers Online
Government Payment Service, the company that enables online payments for thousands of U.S. state and local governments, has inadvertently made available information...
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1.7KAmazonAmazon Investigates Claims That Employees Sell Data
eCommerce giant Amazon is looking into allegations that employees are offering merchants internal data and confidential information that can help them boost...
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1.8KSecurity & FraudEC Eyes Greater Enforcement Over Money Laundering
The European Commission is crafting a proposal aimed at giving the European Banking Authority more enforcement powers and resources to go after...
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3.2KBank Regulation
European Regulators Warn Of Weaknesses In Money Laundering Controls
European Regulators have issued a warning about what they are calling serious weaknesses in how the EU controls money laundering in the wake...
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1.8KFraud AttackGoogle Weeds Out Tech Support Scam Artists
Google is trying to stop scammers who advertise fake technical support on its platform. According to a report in the Wall Street...
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1.9KFraud AttackHome Buyers, Tricked By Business Email Scams, Lose Six-Figure Sums
A scam targeting homeowners is leaving some without the downpayment for their closing on the day the loan is to be signed....
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1.3KInternationalUK Banking Execs Arrested On Bribery Charges
Nigel Kirby, the deputy director of the National Crime Agency’s economic crime unit in the U.K., told a group of lawyers Monday...
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2.6KSecurity & FraudAir Canada Confirms Data Breach Of Mobile App
Air Canada, the Canadian airline operator, confirmed to TechCrunch on Wednesday (August 29) that its mobile app suffered a data breach. According...
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2.3KSecurity & FraudVery Good Security Raises $8.5M In Round Of Funding
Very Good Security (VGS), a startup working to protect data, told TechCrunch on Tuesday (August 28) that it raised $8.5 million in a venture...
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2.6KSecurity & Fraud
T-Mobile Discloses Data Breach That Impacted About 3 Percent Of Customers
T-Mobile disclosed on its website that hackers were able to get into the company’s network, stealing personal information on customers. A post on...
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2.0KSecurity & FraudNorth Korean Hackers Going After Crypto Exchanges
North Korean hackers are at it again, with the group “Lazarus” setting their sights on cryptocurrency exchanges. Information security firm Kaspersky Labs...
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1.4KFacebookFacebook Loses Another Senior Exec
Dan Rose, one of the earliest executives at Facebook, is stepping down from his role, reported CNBC. Citing a Facebook post, CNBC...
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2.6KSecurity & FraudDarden Cyberattack Puts 567K Cards At Risk
Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. In a press release,...
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1.3KInternationalCurrency Upheaval Prompts Venezuelan Shopping Frenzy
Venezuelans were jamming stores and gas stations late last week as worries about an overhaul of monetary policies could create financial havoc,...
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3.2KBankingCapital One Eyes Blockchain For Authentication
Capital One, the national bank, filed a patent application with the U.S. Patent and Trademark Office last June to use blockchain for securing...
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2.2KSecurity & FraudUniversity Of Florida Researchers Develop Device To Detect Skimmers
Aiming to detect skimmers that are placed on credit card readers, University of Florida researchers Nolen Scaife, Christian Peeters and Patrick Traynor showcased...
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1.3KSafety and SecurityIntel Finds Three More Flaws In Microprocessors
Semiconductor company Intel disclosed Tuesday (August 14) that it found three more potential flaws in its microprocessors that could enable hackers to...
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4.9KFraud PreventionBanks, Merchants Turn To Behavioral Biometrics To Fight Fraud
In an effort to prevent fraud, an increasing number of banks and merchants have been monitoring visitors to their websites and apps....
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4.1KSecurity & FraudFBI Warns Banks About Widescale ATM Cash-Out Scam
The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global...
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2.7KCryptocurrencyLittle Evidence That Tether Has The US Dollar Reserves To Back Tokens
Tether, the digital currency that is purported to be backed by U.S. dollars, has been surging in trading — with daily trading...
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2.0KCFPBCFPB Settles With Payday Lender Over Scam Fees
The Consumer Financial Protection Bureau announced Friday (August 10) that it entered into a settlement agreement with Richard Moseley, Sr., Richard Moseley, Jr.,...
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1.3KPoliticsBank CEO Accused Of Accelerating Manafort Loan Approvals
Federal Savings Bank‘s chief executive Steve Calk is being accused of helping Paul Manafort, the former Trump campaign chairman, secure loans in...
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2.0KSecurity & FraudLow-Cost Mobile Card Readers Have Security Flaws
Positive Technologies researchers Leigh-Anne Galloway and Tim Yunusov are warning that new lower-cost payment systems could hurt companies because of security flaws...
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2.6KInternationalChina Locks Down Financial District As P2P Lending Implodes
China has ordered a lockdown of Beijing’s financial district Monday (August 6) to prevent individuals from protesting a crisis in the peer-to-peer...
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4.4KBankingWells Fargo Computer Glitch Forced Hundreds Of Foreclosures
Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure...
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3.4KCryptocurrencyCryptocurrency Pump And Dump Schemes Growing
Pump and dump schemes — in which an asset is talked up to drive the price higher before traders dump it for...
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2.4KBanking
Deutsche Bank Reviews Show It Needs To Do More To Prevent Money Laundering
Deutsche Bank, more than a year after being hit with a fine of close to $700 million for enabling money laundering, has...
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1.6KSecurity & FraudKaspersky Discovers New Malware Targeting Corporations
Researchers at Kaspersky Lab have discovered a new form of cryptojacking malware that has targeted corporations in multiple countries. “The malware, which...
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3.6KDataCommerce Department Developing Data Privacy Policies
The White House is in the process of crafting consumer data privacy policies with the Commerce Department, talking with the likes of...
