Sections
security & fraud
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819Security & FraudTruecaller Denies Hack As User Info Emerges On Dark Web
Data from Truecaller, the Swedish caller identity app company, is reportedly being sold in private internet forums, including data on customer phone...
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1.3KRidesharingNY AG, Mayor Launch Inquiries In Taxi Industry Practices
The New York Attorney General’s office and New York Mayor Bill de Blasio have both ordered investigations into the practices of the...
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1.2KGoogleGoogle Cuts Ties With Huawei
Google is halting a business relationship with Huawei, the Chinese telecommunications company, in what is seen as a blow to the company...
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2.0KSecurity & FraudNY Seizes Municipal Credit Union After Embezzlement
New York’s Department of Financial Services seized Municipal Credit Union, New York’s oldest credit union, on Friday (May 17), saying it is...
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2.1KSecurity & FraudRegulators Investigate China’s Ex-Securities Regulator
Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. According to a report in Reuters...
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1.3KRegulationEU Fines Banks Billions For Manipulating Currency Prices
The European Union has slapped Barclays, RBS, Citigroup, JPMorgan and MUFG with a €1.07bn fine over allegations that they worked together to manipulate...
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1.2KSecurity & FraudFormer JPMorgan Asia Executive Charged In Hiring Scandal
A former JPMorgan Chase executive was charged in Hong Kong for bribing an executive of another firm by offering his son a...
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3.6KSecurity & FraudJapan’s Uniqlo Hacked, 460K Accounts Compromised
Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised...
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2.0KFacebookFacebook Could Face 20-Year Government Oversight As Part Of Settlement
Facebook could face two decades of oversight as part of an agreement with the U.S. government. According to a report in Reuters...
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2.7KSecurity & FraudDenmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors....
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3.0KSecurity & FraudUS Crypto Investor Awarded $75M In Fraud Suit
Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a...
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1.9KSecurity & FraudFitch: AML Shortcomings Impact Bank Credit Ratings
As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in...
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3.5KReal EstateMoney Laundering Causes Rising Canadian Home Prices
Home prices increased about 5 percent in Canadian province British Columbia last year thanks to money laundering. According to a report in The...
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2.0KSecurity & FraudSamsung Internal Coding Projects Leaked Data
Dozens of internal coding projects being worked on by Samsung engineers were reportedly leaking source code, credentials and keys because of a...
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4.8KSecurity & FraudHackers Net $41M In Binance Bitcoin Heist
Binance, one of the biggest cryptocurrency exchanges in the world, was reportedly hacked — with the bad guys stealing bitcoin valued at...
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3.1KSecurity & FraudEx-Goldman Banker Extradited To US On 1MDB Charges
A former Goldman Sachs banker in Malaysia has been extradited to the U.S. to face charges stemming from the scandal at the...
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2.3KBank RegulationWells Ups Estimates Of Legal Losses To $3.1B
Wells Fargo, the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal....
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1.9KFacebookFTC Split On Size, Scope Of Facebook Fine
With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating...
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1.8KSecurity & FraudSAP Customers Vulnerable To Hacking?
As many as 50,000 companies running software by SAP could face a bigger risk of being hacked because a years-old vulnerability hasn’t...
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1.6KFacebookFacebook To Create Privacy Committee As Part Of FTC Settlement
Facebook is in discussions with the Federal Trade Commission over a settlement that would include appointing privacy-focused executives in the C-suite. Politico,...
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1.5KSecurity & FraudEU Watchdog Calls For Money Laundering Reform
The European Banking Authority is facing calls from the financial regulation head in Europe to improve its money laundering safeguards after opting...
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2.4KSubscriptionsSinemia Shuts Down US Operations Amid Lawsuits
Sinemia, the movie theater subscription service that tried to take a page from MoviePass, is shuttering U.S. operations. The company, which had...
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2.6KBitcoinBitcoin Daily: Hackers Use Malware To Generate Crypto; Disney Could Acquire Stakes In Crypto Exchanges
Hackers are still using classified exploits built by the National Security Agency two years after they were stolen, this time to mine...
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4.4KAlternative FinancesProsper Fined $3M By SEC For Overstating Returns
The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine...
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5.5KSecurity & FraudMicrosoft Admits Breach Of Web-Based Email Accounts
Microsoft, the Redmond, Washington software giant, confirmed to reporters over the weekend that its web-based email services were hacked. According to reports citing...
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3.8KSecurity & FraudUK Bank TSB Will Issue Refunds To Fraud Victims
U.K. bank TSB said it would refund its 5.2 million customers who were the victims of an online fraud scam. According to...
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7.2KSecurity & FraudA Marketplace For Stolen Fingerprints Has Emerged
Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers...
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5.0KSecurity & FraudG7 Gears Up To Prevent Cybercrime
Western countries are gearing up to create cybers strategies aimed at preventing foreign countries like Russia and China from lodging internet attacks...
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4.2KMarketsCare.com Removes 70 Percent Of Daycare Listings From Site
Care.com, the internet-based childcare marketplace, had removed more than 46,000 daycare center listings from its website ahead of a Wall Street Journal...
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5.8KSecurity & FraudEarl Enterprises Acknowledges Data Breach Of 2M Cards
Buca di Beppo, the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit...
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3.5KSecurity & FraudSwedbank Fires CEO Amid Investor Revolt
Swedbank fired its chief executive officer as investigations into money laundering at the bank have expanded. According to a report in Reuters,...
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3.6KSecurity & FraudUS Regulators Set Sights On Swedbank As Offices Are Raided
Swedbank is the subject of an inquiry by U.S. regulators in the wake of money laundering scandals, reported the Financial Times. In...
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5.5KSecurity & FraudFor Online Gambling, The Real Action Is In Authentication
As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – the first...
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5.1KSecurity & FraudInsurance Brokerage Launches Cybersecurity Assessment Service
An insurance brokerage has launched an initiative to bring together some of the world’s biggest insurers for a collaboration on a cybersecurity...
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4.3KSecurity & FraudWirecard Shares Jump 30 Pct Post-Investigation
Shares in Wirecard, which were down on allegations of misconduct involving its Singapore office, have rebounded on positive news from an investigation...
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4.7KSecurity & FraudBritish Airways Employees Say Call Center Data Not Secure
Current and former staff at British Airways, the U.K. airliner, told The Financial Times this weekend that data has been handled insecurely...
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3.7KSecurity & FraudReport: BEC Fraud Increasingly Goes Mobile
The wiles and ways of scammers to part businesses from their money continue to proliferate, and continue to use technology as a...
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5.5KSecurity & FraudOECD Report: Rise In Counterfeit Goods Harms Global Economy
A new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen...
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2.6KFacebookNew 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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5.3KSecurity & 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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4.1KAMLEuropean 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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5.1KSecurity & 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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4.3KSecurity & 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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3.2KRegulationSweden’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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5.2KSecurity & 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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3.6KCryptocurrencyFBI 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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4.3KSecurity & 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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2.9KInternationalBusiness 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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4.4KSecurity & 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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3.4KAmazonAmazon 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....
