security & fraud

Dubai Financial Services Authority The Latest To Warn Against ICOs
Dubai Financial Services Authority The Latest To Warn Against ICOs
September 14, 2017  |  Bitcoin

The Dubai Financial Services Authority (DFSA) warned investors on Wednesday (Sept. 13) that initial coin offerings (ICOs) are complex and risky, joining a growing list of governments to...

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ICBA Bancard Partners With CardinalCommerce For Cardless Authentication
ICBA Bancard Partners With CardinalCommerce For Cardless Authentication
September 14, 2017  |  Authentication

ICBA Bancard, the payments services unit of the Independent Community Bankers of America (ICBA), announced Wednesday (Sept. 13) a new partnership with CardinalCommerce. Get the...

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Equifax CEO Vows To Make Changes, Protect Consumers In Wake Of Breach
Equifax CEO Vows To Make Changes, Protect Consumers In Wake Of Breach
September 14, 2017  |  Security & Fraud

Equifax Security chairman and chief executive officer Richard Smith recently penned an Oped in USA Today in which he vowed to provide protections to everyone...

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Synthetic Identity Theft On The Rise
Synthetic Identity Theft On The Rise
September 14, 2017  |  Security & Fraud

A new type of credit card fraud is emerging, dubbed “synthetic identity theft.” In instances of synthetic identity theft, cybercriminals create new identities to credit...

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Beijing Court Sentences Mastermind of Ezubao Scam To Life In Prison
Beijing Court Sentences Mastermind of Ezubao Scam To Life In Prison
September 13, 2017  |  Fraud Attack

A court in Beijing handed down a life sentence for the mastermind behind the $9 billion Ezubao financial Internet scam and sentenced 26 others to...

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CFPB Gets $14M In Relief For Deceived Consumers Since Start Of Year
CFPB Gets $14M In Relief For Deceived Consumers Since Start Of Year
September 13, 2017  |  Bank Regulation

The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from...

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Wells Fargo CEO Says Cost Controls Are Improving At The Bank
Wells Fargo CEO Says Cost Controls Are Improving At The Bank
September 13, 2017  |  Bank Regulation

Tim Sloan, CEO of Wells Fargo & Company, said Tuesday (Sept. 12) that the company is improving its cost controls in relation to revenue as...

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TCF Bank Sees Partial Ruling In Its Favor In Overdraft Fees Case Lodged by CFPB
TCF Bank Sees Partial Ruling In Its Favor In Overdraft Fees Case Lodged by CFPB
September 12, 2017  |  Bank Regulation

Late last week, regional bank TCF Financial Corporation saw a judge dismiss some of the claims lodged against it by the Consumer Financial Protection Bureau....

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Avast Sees 40 Percent Uptick In Hacks Targeted At Android Devices
Avast Sees 40 Percent Uptick In Hacks Targeted At Android Devices
September 12, 2017  |  Security & Fraud

Digital security products company Avast announced new research Monday (Sept. 11) that shows an increase in the number of cyberattacks on Android smartphones and tablets....

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