PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

Fraud 151

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PYMNTS

JUNE 29, 2020

Connie Ngo , CertiK’s marketing manager, told CoinDesk in an email that the companies agreed “it would make sense to formally partner with one another as a public promise of Hdac’s focus on security and a symbol of CertiK’s ability to support larger enterprise-level solutions such as Hdac’s.”

blockchain 168

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PYMNTS

NOVEMBER 2, 2018

1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm. News came Thursday (Nov. The Email Scam Lures More Victims. A Bit Of Victory. Procards Get Auditor’s Scrutiny.

Fraud 168

Fraud Company Massachusetts United States 168

PYMNTS

JANUARY 12, 2021

And in Florida, state and local officials in 18 counties last month broke up a ring that allegedly stole nearly $85,000 of easy-to-resell items like baby formula, diapers, and energy drinks from Publix, Winn Dixie, and Walmart — typically taking $350 to $900 worth of goods at a time. A Growing Problem. Matas sees the current wave of U.S.

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Retail Florida San Francisco Sacramento 226

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. The partnership was first launched at Publix’s Orlando, Florida-based stores, with the service planned to expand to the chain’s other locations over the next few months. Mobile Order-Ahead Developments. About the Tracker.

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Data Fraud Mobile Florida 214

PYMNTS

MARCH 8, 2019

Ignatov is from Bulgaria and was charged with wire fraud conspiracy. His older sister Ignatova, also from Bulgaria, was charged with wire fraud, and also securities fraud and conspiracy. The scheme amounts to fraud, prosecutors say. He was arrested on Wednesday (March 6) at LAX.

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PYMNTS

OCTOBER 3, 2016

In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. Kachkar used his pharmaceutical company, Inyx Inc., million Miami Beach home.

Puerto Rico 133

Puerto Rico Fraud Miami Florida 133

PYMNTS

MARCH 3, 2020

The Supreme Court on Tuesday (March 3), possibly inched closer to a decision that would allow the Securities and Exchange Commission (SEC) to recoup money from fraudsters, according to a report from the Associated Press. The highest court in the U.S. The SEC has also continued to seek out profits in other similar cases.

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PYMNTS

MARCH 3, 2020

The Supreme Court on Tuesday (March 3), possibly inched closer to a decision that would allow the Securities and Exchange Commission (SEC) to recoup money from fraudsters, according to a report from the Associated Press. The highest court in the U.S. The SEC has also continued to seek out profits in other similar cases.

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Fraud Florida California Security 130

PYMNTS

OCTOBER 16, 2019

Concerns over security breaches and data privacy remain high, however, so providers will need to be sure users are properly protected from all manners of fraud as this ecosystem grows. IoT devices still have a number of security weaknesses that providers must address as the technology becomes a larger part of consumers’ daily lives.

Millennials 191

Millennials Fraud social media Study 191

PYMNTS

JUNE 9, 2020

As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. Around The Digital ID World.

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Online Report Compliance Fraud 195

PYMNTS

JUNE 27, 2019

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. The week before, Riviera Beach, a Florida city of about 34,000, agreed to allow its insurance carrier to pay about $600,000 during its own cyberattack — nearly 12 times the size of the ransomware the city of Atlanta refused to pay last year.

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PYMNTS

NOVEMBER 14, 2016

prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters , Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. Prosecutors contend Coin.mx

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Florida Bitcoin Course Operations 100

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.,

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Fraud Cards South Dakota West Virginia 100

PYMNTS

FEBRUARY 17, 2020

Every network involved must be able to instantly, safely and securely connect and share information, he explained, and Cisco works with city governments to cultivate transparency and speed. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. “We

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Security Data United States Florida 252

PYMNTS

OCTOBER 23, 2017

A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. In November, Ricardo Hill , who was arrested in Florida a month prior, was also charged with conspiring to operate an unlicensed money transmitting firm.

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Florida Bitcoin New Jersey Software 100

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. Recently, for instance, experts found a scammer selling 3,600 Florida W-2 forms on the dark web after phishing a tax preparation firm.

Alabama 101

Alabama Taxes Fraud Florida 101

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

MARCH 6, 2019

In the March Credit Union Tracker , PYMNTS explores how credit unions (CUs) and credit union service organizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. PSCU is one CUSO focused on proactively fighting fraud. Around the Credit Union Landscape.

Fraud 134

Fraud Security Resources Florida 134

PYMNTS

JANUARY 1, 2021

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting. AMBCrypto reported Wednesday (Dec.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

PYMNTS

SEPTEMBER 15, 2020

Three individuals from Texas and one individual from Florida were named as defendants. Securities and Exchange Commission (SEC) filing. District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release.

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Bitcoin Texas blockchain Florida 238

PYMNTS

OCTOBER 26, 2017

And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. Internal fraud is, unfortunately, an all-too-common problem for businesses and government entities, especially with regards to misuse of p-cards. Fraud doesn’t happen here,’” he explained.

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Fraud Payments Cards Policies 108

PYMNTS

MAY 31, 2019

The researchers, Noam Rotem and Ran Locar, found a breach that exposed 85.4GB of security audit logs. Those affected include the Temple Bar Hotel in Ireland, Aloft Hotels in Florida, Carton House Luxury Hotel in Ireland, Tarrytown House Estate in New York and other Pyramid Hotel Group properties.

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Management Company Data Florida 174

PYMNTS

FEBRUARY 4, 2019

What eventually becomes cutting-edge in retail and payments often originates in places that are dedicated to security, not commerce. Authorities and prison technology companies say this mass biometric surveillance supports prison security and fraud prevention efforts.”. New technology often starts out at the U.S.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

AUGUST 12, 2020

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Last week, SocialCatfish.com , an identity verification nonprofit, reported U.S.

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PYMNTS

FEBRUARY 1, 2019

According to the survey from the NRF and the University of Florida, 41 percent of polled retailers noted a rise in their inventory shrink. At the same time, the average shoplifting incident cost rose to $559, as the average cost of return fraud reached over $1,750. percent of sales to retailers, Forbes reported.

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Retail Florida Study Security 116

FICO

DECEMBER 11, 2018

Financial institutions are constrained in their ability to make informed decisions, and consumers are naïve about the fraud impacts this purported second chance on credit. Financial institutions are constrained in their ability to make informed decisions, and consumers are naïve about the fraud impacts this purported second chance on credit.

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Video Fraud Security Florida 49

PYMNTS

AUGUST 13, 2019

As a Federal Communications Commission cybersecurity planning guide recently noted, payroll systems often include among the most sensitive of data including employee bank account details, company bank account details, Social Security Numbers and more. Not every employee needs to access all of your information,” the FCC’s guide warns.

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PYMNTS

MAY 24, 2019

But cryptos have done a great job of acting as conduits to all sorts of fraud. The news came this week that the Securities and Exchange Commission (SEC) and other regulators have looked into, and stopped in its tracks, a $30 million Ponzi scheme that was built around a cryptocurrency scam tied to diamonds.

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PYMNTS

NOVEMBER 8, 2017

While we at PYMNTS.com would never applaud crime, we do have to credit Cheyenne Amber West of Fort Pierce, Florida, with boldness for her recent attempts to scam Walmart of more than $1,800 in consumer electronics. Since he just got me a Coach purse, I figured he deserved something nice as well,” West reportedly told a Florida deputy.

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Retail Florida Video Security 118

PYMNTS

NOVEMBER 20, 2018

The majority of the money was wired from Swiss bank accounts to Florida, noted the report. Gorrin, who is 49, is accused of buying jets, yachts, champion horses and luxury watches in Florida and Texas with the ill-gotten gains. Reuters noted that Gorrin’s whereabouts aren’t clear.

Florida 161

Florida Texas Operations Report 161

PYMNTS

JULY 16, 2019

A group of Venezuelan nationals filed a fraud suit in Florida federal court claiming they were duped into a Ponzi scheme involving cryptocurrency purportedly backed by diamonds. Persuaded by the promise of sky-high returns, the plaintiffs accuse Eagle Financial Diamond Group Inc.

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cryptocurrency Florida Fraud Groups 115

PYMNTS

AUGUST 12, 2019

In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. In Canada – and in the US, too. billion scheme that bilked money from thousands of investors across the country.

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PYMNTS

JANUARY 7, 2019

“Our partnership with Cass, an information processing and financial holding company with considerable experience in routing and handling B2B payments, provides Finexio and our customers access to a Federal Reserve member bank with a comprehensive suite of compliance and fraud detection tools.

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PYMNTS

JUNE 27, 2018

District Court, Middle District of Florida (Ocala) on behalf of people who lost money in the scheme. Securities and Exchange Commission (SEC), which alleged that five men and three companies defrauded more than 600 investors. According to Bloomberg , the class-action suit, Heinert v. Bank of America, N.A., was filed in U.S.

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PYMNTS

MARCH 2, 2016

In total, through the past year, the network gathered more than 3 million complaints, with Florida, Georgia and Michigan at the top of the state list for fraud complaints. The category of identity theft was seen most often in Missouri, Connecticut and Florida.

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Florida Missouri Connecticut Michigan 100