PYMNTS

APRIL 26, 2017

After its launch in 2011, HiGear, a San Francisco, Calif.–based While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks.

Fraud 121

Fraud San Francisco Retail Branding 121

PYMNTS

MARCH 2, 2018

Citing Federal police in India, Reuters reported the Central Bureau of Investigation (CBI) said it has arrested Mohinder Kumar Sharma, an auditor at the lender, as the probe into the fraud continues to expand. India law enforcement has contended the two have colluded with officials from the lender to secure land between 2011 and 2017.

Fraud 108

Fraud National Security Report 108

PYMNTS

AUGUST 3, 2017

Back in 2004, fraud was on the rise globally. Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few.

Fraud 123

Fraud Payments Security Data 123

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

Fraud 100

Fraud Cards South Dakota West Virginia 100

PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. But what’s left out of this picture, said David Dewey, director of research at Pindrop Security , is the element of voice. They let me right in,” Dewey said. While the roll-out of EMV in the U.S.

Fraud 107

Fraud Cards Houston Retail 107

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. For example, Palo Alto-based Simility received $17.5

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

AUGUST 20, 2019

Instagram is inviting a group of security researchers known as white hat hackers to stress-test its Checkout feature before it launches outside the United States. While Instagram has assured users that Checkout payments are secure, adding that it never shares payment information with sellers and keeps financial information on secured servers.

Security 116

Security social media United States Taxes 116

PYMNTS

SEPTEMBER 24, 2020

Another study found that the number of correspondent banking relationships in existence worldwide had dropped 22 percent from 2011 to 2019. . Adopting these and other anti-fraud technologies might help financial organizations persuade other FIs to trust that they can detect and stop attempted crimes. The Cost of Compliance .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

MAY 15, 2018

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender.

Fraud 100

Fraud National Maine System 100

Abrigo

AUGUST 20, 2021

The activity stretches from crimes we know, such as phishing, internet auction fraud, and advanced fee schemes to human trafficking, illegal trade in natural resources (diamonds, timber, etc.), Fraud Prevention. Fraud Trends. illicit sale of firearms, fraudulent medications, and the most profitable, drug trafficking.

Training 195

Training Strategy Fraud National 195

PYMNTS

AUGUST 1, 2019

Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs). Box-of-the-month services constantly struggle to secure their payment processes and remain a step ahead of bad actors.

Security 108

Security Cards Fraud Survey 108

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

NOVEMBER 11, 2019

Researchers at New York-based Red Balloon Security identified two vulnerabilities in retail cash machines manufactured by Nautilus Hyosung America, the companies said in a joint press release on Monday (Nov. According to an estimate by Red Balloon Security, more than 80,000 machines are vulnerable. based in South Korea. subsidiary. “We

Security 100

Security ATM America New York 100

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. He left in 2011. The case against Varley was thrown out in April. Varley joined Barclays in 1982 after he went to law school.

Fraud 108

Fraud Cards Capital Groups 108

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. As for international research, in December 2017, data from secure payments enabler EMVCo showed that 58.9

Fraud 133

Fraud Cards United States Regional 133

PYMNTS

JULY 25, 2019

In a recent interview with PYMNTS, Hunter’s Hydrawise product manager, Anthony Long, explained how the system functions while keeping its smart home network secure. Securing the network. All those extra features are window dressing compared to an IoT device’s top priority — security. Saving water for less effort.

Security 117

Security System Software Examples 117

PYMNTS

NOVEMBER 10, 2016

The emails , which were reviewed by WSJ , showed that top executives, including CEO at the time Tom Albanese, signed off on the payments to the consultant in 2011. Securities and Exchange Commission, the U.K.’s s Serious Fraud Office and the Australian Securities and Investment Commission, to the emails.

Payments 115

Payments Security Fraud Groups 115

NCR

SEPTEMBER 15, 2017

While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. Where it is prevalent, EMV has proven to be a highly effective method of preventing card-present/counterfeit card fraud. The shift to e-commerce CNP fraud.

Fraud 84

Fraud Cards Security US 84

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

Fraud 100

Fraud Analytics Data Payments 100

PYMNTS

OCTOBER 23, 2018

State securities laws are vital to protecting the hard-earned savings of working families and Main Street investors from financial fraud, and my office will continue to do what’s necessary to protect the public and the integrity of our markets.”. Underwood said in a press release.

New York 139

New York Fraud Community Bank Strategy 139

Perficient

AUGUST 16, 2023

In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

OCTOBER 7, 2020

Attorney’s Office for the Southern District of New York charged four operators of a purported international digital-currency “Ponzi scheme” with money laundering and fraud. Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. A month earlier, the U.S. The Dark Web Likes Bitcoin, Too .

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

PYMNTS

APRIL 6, 2016

The pair charged — Ross McLellan and Edward Pennings — face a five-count indictment, touching on conspiring to commit securities fraud and wire fraud and also two counts apiece of securities and wire fraud. The indictment itself alleges that the two — during a timeframe that stretched between Feb. 2010 and Sept.

Fraud 100

Fraud Massachusetts Boston Security 100

PYMNTS

OCTOBER 3, 2016

Securities and Exchange Commission to investigate the disclosure action taken by Yahoo’s executives. In 2011, publicly traded companies were instructed by the SEC to report attacks that could have a “material adverse effect on the business;” however, there was no strict definition of such events. Yahoo claimed on Sept. This week, Sen.

Guidelines 185

Guidelines Security Data Company 185

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

Fraud 120

Fraud Taxes Community Cards 120

PYMNTS

JUNE 2, 2016

50+ | Number of cyber breaches detected by the Federal Reserve between 2011-2015. 30 | Number of “information disclosure” incidents reported by the Fed’s national cybersecurity team between 2011-2015. 7 | Number of fraud incident reports by the Fed’s national cybersecurity team that impacted the Board of Governors between 2011-2015.

Data 100

Data Washington National Regional 100

PYMNTS

MARCH 14, 2019

The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit. The sharing agreements with technology companies are now being included in the FTC’s investigation over whether or not Facebook violated a 2011 consent agreement.

New York 122

New York Data social media California 122

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Risk Management Cyber Security 70

PYMNTS

JANUARY 28, 2019

citizen who was deported last year from Singapore over fraud and drug charges, reportedly posted the information online after gaining access to the registry from Ler Teck Siang, a doctor who had previously run the Ministry of Health’s National Public Health Unit. TechCrunch reported that Mikhy K. Farrera Brochez, a U.S.

Online 122

Online Data Fraud Report 122

PYMNTS

SEPTEMBER 29, 2016

Which is why online retailers are increasingly turning to companies like Shape Security , a Mountain View, California-based provider of web and mobile security applications founded in 2011, to counter ever-increasingly sophisticated types of cyberattacks. billion in fraud losses. billion in fraud losses. “We

Online 100

Online Security Fraud Retail 100

FICO

JUNE 15, 2021

All too often, elders today are the targets of residential real estate fraud and scams. Have frequent conversations and be supportive; ask your elder to never sign anything or give any personal information, such as a Social Security number or credit card numbers, without calling a family member first. Banks play an important role.

Fraud 98

Fraud Capital Marketing Analysis 98

PYMNTS

APRIL 1, 2020

Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time. This then prompted the Federal Reserve to decide in 2011 to restrict interchange fees on PIN debit cards to no more than $0.21 Online sellers could instead rely on 3D Secure 2.0

Cards 141

Cards Payments Security Fraud 141

PYMNTS

FEBRUARY 6, 2017

Who needs real identity data when you can commit just as much fraud (and commit it successfully) with the fake stuff? PP: Fraud is constantly evolving and changing. Businesses need a fraud prevention solution set that can evolve and change as fast as — if not faster — than the fraudsters. Here is an excerpt of the conversation.

Fraud 100

Fraud Industry Cards Security 100

PYMNTS

MARCH 5, 2019

He added that he had no knowledge that Troika companies received funds related to fraud. There was also the revelation that, from 2009 to 2011, Vardanyan donated $200,000 to the Prince’s Charities Foundation. Vardanyan admitted that he knew of Roldugin, but said, “I haven’t done any business with him personally.

Company 129

Company Fraud Compliance Regulation 129

PYMNTS

MAY 4, 2016

Nikita Kuzmin, who created the “Gozi” malware, pled guilty to various computer intrusion and fraud charges back in May 2011, the United States Attorney for the Southern District of New York said in a press release. and Europe was sentenced on Monday (May 2) to the 37 months he has served in custody and to cough up $6.9

United States 100

United States Fraud New York Software 100

PYMNTS

MARCH 28, 2016

The Fed ultimately settled on a 21 cent cap plus 0.05% of the transaction for fraud recovery (up from their original proposal of 12 cents). Pre-2011, debit card interchange fees averaged in the 44 cent range. percent of the transaction for fraud recovery and allowed another 1 cent for fraud prevention in most cases.”.

Retail 100

Retail Fraud Cards Regulation 100

PYMNTS

JULY 23, 2019

As part of a 2011 FTC consent decree, Facebook allowed continuous privacy checkups by PricewaterhouseCoopers LLP. Analysts pointed out that it’s clear Facebook has struggled with privacy issues since 2011, and so they expect the social media giant to agree with tightened oversight.

social media 134

social media Washington Tools Report 134