security & fraud

Banks Linked to South African Money Laundering Scandal
Banks Linked to South African Money Laundering Scandal
October 20, 2017  |  Bank Regulation

HSBC and Standard Chartered, the two U.K. banks, are facing a review by the country’s financial regulators and the Serious Fraud Office to determine whether...

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Wells Fargo CEO Bullish On The Future
Wells Fargo CEO Bullish On The Future
October 19, 2017  |  Security & Fraud

Tim Sloan, Wells Fargo’s chief executive officer, believes the embattled bank will recover the growth it lost from its fake account scandal. Get the Full...

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South Africa’s Biggest Data Breach A Mystery
South Africa’s Biggest Data Breach A Mystery
October 19, 2017  |  Safety and Security

In what may be South Africa’s largest data breach, hackers may have gotten away with extensive personal information, including ID numbers, income, marital status, employment...

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FTC Gets $4.1M Judgment Against Fake Payday Lender
FTC Gets $4.1M Judgment Against Fake Payday Lender
October 18, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) announced Tuesday (Oct. 17) it had obtained a $4.1 million judgment and a ban on a payday lender. Get the...

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We Heart It Announces Data Breach From 2013
We Heart It Announces Data Breach From 2013
October 17, 2017  |  Security & Fraud

We Heart It, the image sharing website, disclosed late last week that there was a potential cybersecurity breach that may have impacted more than 8...

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Wells Fargo To Pay $3.4M Fine Over Complex ETPs
Wells Fargo To Pay $3.4M Fine Over Complex ETPs
October 17, 2017  |  Bank Regulation

The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. 16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial...

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Scott Tucker To Appeal Payday Lending Conviction
Scott Tucker To Appeal Payday Lending Conviction
October 16, 2017  |  Legal

Kansas City businessman Scott Tucker was found guilty on racketeering charges for interest rates of as much as 700 percent on short-term loans. Get the...

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IRS Suspends Equifax Contract
IRS Suspends Equifax Contract
October 16, 2017  |  Safety and Security

Equifax, the embattled credit scoring company, was dealt another blow last week when the Internal Revenue Service suspended a contract that is worth more than...

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Hyatt Hotels Gets Cyber Intruder…Again
Hyatt Hotels Gets Cyber Intruder…Again
October 13, 2017  |  Safety and Security

Hyatt, the hotel operator, is alerting its customers that it was hit with a credit card breach, marking the second big breach in a few...

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