Fake Accounts news and trends

Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring

November 16, 2023
DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake Accounts
Legal // September 03, 2023

Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation into her bank’s practice of opening accounts for millions of customers without their consent. And a Bloomberg News report Saturday (Sept. 2) — citing...

Report: LinkedIn Flooded With Fake CISO Profiles
Cybersecurity // September 30, 2022

LinkedIn has been targeted with a wave of fake profiles for chief information security officer (CISO) positions at the world’s biggest companies. As Brian Krebs of Krebs On Security reported Thursday (Sept. 29), the “Who?” and the “Why?” behind the fake profiles are unclear, although...

Twitter CEO, Musk Disagree Over Amount of Spam Bots on Platform
Mobile Applications // May 16, 2022

Billionaire Elon Musk has had a spat with Twitter CEO Parag Agrawal over spam bots, Bloomberg reported Monday (May 16). Musk, who could be the next owner of the social media giant if his purchase eventually goes through, said there are more spam bots on...

Lawsuit Says Facebook Officials Knew About Ad Metric Issues And Did Nothing
Facebook // March 22, 2020

Facebook is under fire in a new set of documents in a lawsuit, which allege the company knew for years that paid advertising services on the site were exaggerating and distorting the number of people who would see the ads, according to a report by...

Interviews & Exclusives
Jumio: Why Online Love Doesn’t Have To Attract Fraudsters

December 12, 2018
The prospect of love always carries with it the prospect of danger. One can interpret that many ways — philosophically, poetically, psychologically. Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. The solution? That would […]

Quick Reads
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring

November 16, 2023
Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. Regulators have issued formal orders to Wells Fargo, instructing the bank to bolster its ability to detect and prevent criminals from exploiting its accounts or products, The Wall Street Journal (WSJ) reported Thursday (Nov. 16), citing unnamed sources. Wells Fargo did not […]

DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake Accounts

September 03, 2023
Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation into her bank’s practice of opening...

Report: LinkedIn Flooded With Fake CISO Profiles

September 30, 2022
LinkedIn has been targeted with a wave of fake profiles for chief information security officer (CISO) positions at the world’s biggest companies. As Brian Krebs of Krebs On Security reported...

Twitter CEO, Musk Disagree Over Amount of Spam Bots on Platform

May 16, 2022
Billionaire Elon Musk has had a spat with Twitter CEO Parag Agrawal over spam bots, Bloomberg reported Monday (May 16). Musk, who could be the next owner of the social...