Sections
security & fraud
-
416InternationalCurrency 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,...
-
717BankingCapital 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...
-
1.0KSecurity & 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...
-
936Safety 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...
-
3.8KFraud 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....
-
2.6KSecurity & 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...
-
1.9KCryptocurrencyLittle 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...
-
1.6KCFPBCFPB 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.,...
-
980PoliticsBank 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...
-
1.2KSecurity & 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...
-
1.9KInternationalChina 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...
-
3.4KBankingWells 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...
-
2.0KCryptocurrencyCryptocurrency 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...
-
1.8KBankingDeutsche 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...
-
990Security & 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...
-
3.1KDataCommerce 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...
-
3.5KBusinessAmerican Express Accused Of Secretly Raising Prices In Forex Dept.
American Express, the payments company, is facing allegations that it would lure foreign exchange business clients its way by offering them low...
-
1.9KBank RegulationU.K. Watchdog Proposes New Regulations On Lending Platforms
The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help...
-
2.3KGlobal PaymentsPaytm Says It Didn’t Share User Data With Investors
Paytm, a digital payment company out of India, said Thursday (July 26) that it didn’t share user data with investors or any...
-
1.3KNewsFive At Five: Equifax Q2 Earnings Disappoint
Welcome to the Five at Five your late look at the payments and commerce news of the day. Coverage includes Equifax reporting...
-
2.6KSecurity & Fraud
Companies With Unpatched SAP, Oracle Software At Risk
More than a dozen government agencies and companies have been targeted by hackers who are using an old security hole in SAP...
-
513Safety and SecurityAutomakers’ Data Ends Up Online For Anyone To See
Automakers trying to keep their trade secrets from unwanted eyes saw those efforts hurt after a security researcher found tens of thousands...
-
2.7KDataCFOs Say Digitization Not Helping Risk Management
A top challenge for the finance chiefs of corporations around the globe has increasingly become completing a full assessment of the company...
-
2.0KSecurity & Fraud
Hackers Increasing Sophistication With Secondary Attacks
Hackers are growing much more sophisticated; a new report shows that when incident response teams thwart an attack, they are finding another...
-
3.4KInvestmentsTheranos Investors Opt To Settle With Little Left
Investors have decided to settle a lawsuit with Theranos and founder Elizabeth Holmes, aiming to get whatever they can from the struggling...
-
2.5KSecurity & Fraud
Revolut Flagged Money Laundering Evidence A Few Months Back
Revolut, the U.K. digital bank, identified evidence of money laundering on its digital payment system, which prompted it to alert authorities including...
-
2.0KCFPBThe CFPB Settles With National Credit Adjusters
The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters, a private company, as well as...
-
5.8KCryptocurrency
Global Regulators Propose Crypto Monitoring Framework
Cryptocurrencies such as bitcoin and ether don’t pose much of a risk to global financial stability at the current time, but that...
-
1.4KSizzle/FizzleAt The Grocer, Consumers Sizzle At Self-Checkout
Sizzle Self-checkout: Check yourself, as the song says. And in retail, the checking yourself is literal and increasing. As many as 70 percent of...
-
1.9KRegulation
Malta’s Lack Of Anti-Money Laundering Enforcement Slammed By EU
The European Banking Authority, the main banking regulator in Europe, slammed Malta for “systematic” failings in the enforcement of anti-money laundering rules,...
-
2.6KSecurity & FraudEx-QVC Executive Gets 2.5 Years In Prison For Defrauding Company
QVC former director James D. Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1...
-
1.3KFacebookFacebook Hit With Fine In The UK Over Cambridge Analytica Scandal
Facebook was hit with a $660,000 fine, the maximum allowed, by the British Information Commissioner’s Office over its data scandal with now-defunct...
-
4.2KBank RegulationInvestors Flee Danske Bank Following Money Laundering Allegations
Danske Bank is facing backlash from a money laundering scandal that has now resulted in it losing client Unity Technologies, a video game startup...
-
2.4KAppleApple’s New iOS Could Make Users More Vulnerable To Banking Fraud
Apple’s new iOS 12 includes a security code auto-fill feature that according to a researcher makes customers more susceptible to banking fraud. A...
-
1.5KFacebookSEC, FBI Investigating Facebook’s Cambridge Analytica Data Scandal
Facebook’s data scandal, in which the now defunct political consulting firm Cambridge Analytica accessed the data on 87 million users without their consent,...
-
4.2KLegalWells Fargo Hit With Lawsuit Over Financing Fees
Wells Fargo is facing a new lawsuit, this time from the Texas jeweler J. Edwards Jewelry Distributing and the company’s president, John Silverman,...
-
1.2KToday In DataReal-Time Trouble, Real-Time Solutions
Fraudsters tend to show up in all kinds of places — expected and not. The global travel market, for example, is anticipating...
-
1.0KData
California Passes Online Privacy Data Law Aimed At Protecting Consumers
The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data....
-
2.1KCryptocurrencyFBI Has 130 Open Cases Related To Cryptocurrency
The Federal Bureau of Investigation is busy when it comes to cryptocurrencies — Kyle Armstrong, a supervisory special agent, said at a...
-
2.7KSecurity & FraudExactis Exposes Non-Financial Data On Close To 340M Americans
Exactis, the marketing and data aggregation firm, was the subject of a data breach in which customer information ended up on the...
-
1.7KSecurity & FraudThe FCA Is Proposing Changes To Help Victims Of APP Fraud
The Financial Conduct Authority (FCA) of the U.K. on Tuesday (June 26) announced it is proposing changes to complaint handling rules to...
-
1.3KGoogleGoogle Adds More Security, Privacy To Google Account
Google announced last week it is overhauling its privacy and security settings service — dubbed Google Account — to make it more...
-
3.0KSecurity & FraudFIs Facing $100B A Year In Cyberattack Losses
The impact from a cyberattack on financial institutions (FIs) could reach as high as a few hundred billion dollars annually, chipping away...
-
2.3KSecurity & Fraud
Some Equifax Victims Have Already Received Compensation
Among the more than 145 million U.S. consumers whose financial information was exposed in the Equifax hack, some have been able to...
-
2.0KSecurity & FraudBithumb Says $31.5M Of Digital Tokens Stolen
Bithumb, the South Korean cryptocurrency exchange, was the subject of a hack — $31.5 million worth of digital tokens were stolen in...
-
2.8KDataVerizon Halts Third-Party Location Data Sharing
Verizon is getting accolades from Senator Ron Wyden, the Democrat from Oregon, for deciding to stop selling real-time location data to outside...
-
1.5KSecurity & FraudIdentityMind Announces 2.0 Version Of AML Transactions
IdentityMind Global, the AML transaction monitoring company, announced on Wednesday (June 20) the launch of IdentityMind 2.0, which the firm is calling...
-
2.8KBank RegulationWells Fargo Receives Approval To Settle $142M Suit
After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court...
-
1.9KDataEquifax Taps IBM Executive As Chief Technology Officer
Equifax, the embattled credit scoring company announced Thursday (June 14) that it named Bryson Koehler as Chief Technology Officer. In a press...
-
2.2KSecurity & FraudWorld Cup Threatened With Possible Cyberattack
Based on a survey of security professionals who attended Infosecurity Europe 2018, the majority expect a cybeattack at this year’s World Cup, which...
