PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Arkansas 133

Arkansas Data Colorado Ohio 133

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA. AKUVO , a collections and credit risk technology provider, secured investment from several credit unions and CUSOs.

Fintech 103

Fintech Software Illinois Lending 103

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. The bank works hard to prevent attacks with many defensive layers of security. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware.

Fraud 131

Fraud US North Carolina Nebraska 131

PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). I think the FTC’s numbers are almost certainly just the tip of the iceberg when it comes to fraud losses,” Breyault told CNBC. “We We know fraud is historically an under-reported crime.”.

US 175

US Fraud Illinois Washington 175

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware.

Groups 130

Groups Fraud North Carolina US 130

PYMNTS

FEBRUARY 6, 2020

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. Finrails AP offers increased visibility into cash flow, and the platform has built-in fraud detection via Positive Pay. It is owned by Signature Bancorporation, Inc.,

Illinois 167

Illinois Chicago Cards Payments 167

PYMNTS

JANUARY 8, 2020

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

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

SEPTEMBER 28, 2016

The FTC and the states of Illinois and Ohio said they secured the consumer redress as part of a settlement of charges against One Technologies in Jan. They were also charged with violating the Illinois Consumer Fraud Act and the Ohio Consumer Sales Practices Act. com, FreeScoreOnline.com and ScoreSense.com.

Illinois 100

Illinois Ohio Online Fraud 100

PYMNTS

AUGUST 30, 2016

In advance of the 2016 election, state election boards have been strongly warned to tighten up security. The Amber-level warning regarding security levels came after hackers were successful in stealing voter data from one state and failed in another attempt this month. The unsuccessful attempt was aimed at Arizona’s voter information.

Illinois 105

Illinois United States Security Course 105

Independent Banker

SEPTEMBER 30, 2021

Here’s how two community banks are protecting their customers from falling victim to fraud. Mainly, the instances [of money mules] consisted of unemployment benefits fraud and were identified through our anti-money laundering [AML] detection system,” says Marlena Taglieri, the $7.7 Fighting fraud through education. Source: FBI.

Community Bank 91

Community Bank Fraud Community Training 91

PYMNTS

JULY 10, 2020

The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. For instance, he pointed to statewide initiatives in California and Illinois that have focused on biometrics. Regulation Vs. Market Forces. Checks And Balances.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

Report 165

Report Payments Data Illinois 165

PYMNTS

APRIL 30, 2019

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. That’s not only because of the motivation to fight and prevent fraud, though that is certainly a big part of it. Think about it the way he does.

Fraud 161

Fraud Illinois Regulation Online 161

NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 75

ATM Fraud Cards Illinois 75

FICO

JANUARY 6, 2019

Another way to look at it is that if Illinois abandoned all state funding (police, K-12 education, prisons, etc.) Security Concerns Will Lead To Tighter IT Controls. Government will demand both more security for its systems, along with more security from vendors where they provide data. trillion , up from $1.3

Security 40

Security Analytics Policies Data 40

PYMNTS

AUGUST 23, 2018

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

Cards 112

Cards South Carolina North Carolina Nebraska 112

PYMNTS

MARCH 10, 2020

District Court for the Northern District of Illinois accusing Fifth Third of being fully aware that employees were opening accounts for customers without their knowledge since 2008. . The CFPB filed a complaint with the U.S.

Los Angeles 167

Los Angeles Illinois Meeting Retail 167

PYMNTS

JUNE 27, 2016

But that might be changing, as judges in Illinois and California are considering letting these lawsuits proceed. Seventh Circuit judges said victims of the luxury department store’s breach shouldn’t have to wait until a fraud occurred before being allowed to sue. Judges, however, are disagreeing. wrote Judge Diane Wood.

Illinois 101

Illinois Data California Fraud 101

PYMNTS

NOVEMBER 23, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they were launching their own investigations. s National Cyber Security Centre to determine how large the breach was and how many people in the U.K. Meanwhile, in the U.K., The ICO plans to work with the U.K.’s were impacted by it.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

AUGUST 14, 2019

Developed by researchers at the University of California, San Diego and the University of Illinois Urbana-Champaign, the app can pinpoint Bluetooth-enabled skimmers while keeping pumps and cash machines intact, the news outlet said. student Nishant Bhaskar.

ATM 116

ATM San Diego Cards Illinois 116

NCR

AUGUST 4, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 40

ATM Fraud Cards Illinois 40

NCR

FEBRUARY 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 40

ATM Fraud Illinois Cards 40

PYMNTS

APRIL 15, 2019

Even so, retailers must protect against theft and fraud without adding friction for employees and customers in the age of automation. The approximate number of Illinois residents employed by the vending and convince services industry is 7,000.

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

JULY 20, 2017

As we reported just a few months back, this technology is set to disrupt the financial industry because it enables secure cross-border money transfers. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money. In the U.S. From the U.K. receiving £3.6

blockchain 105

blockchain Bitcoin Delaware Illinois 105

PYMNTS

NOVEMBER 30, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they plan to launch their own investigations. “We’ve been in touch with several state attorney general offices and the FTC to discuss this issue, and we stand ready to cooperate with them going forward,” Uber said in a company statement.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. drivers’ license numbers. drivers’ license numbers.

New York 144

New York Data Regulation Washington 144

PYMNTS

AUGUST 21, 2017

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. Today, between 12:05 p.m. EST/9:05 a.m. PST in Oregon and 2:48 p.m.

Apple 101

Apple Bitcoin South Carolina Montana 101

Independent Banker

AUGUST 26, 2015

Expanding IT security safeguards to cover physical devices. With the prevalence and importance of Internet-enabled devices increasing nearly everywhere, community banks should remember to expand the scope of their security policies and network monitoring to cover their hardware, according to computer security experts.

ATM 70

ATM Security System Community Bank 70

Independent Banker

OCTOBER 31, 2022

“We have seen an increase in mobile and digital usage, like other banks,” Hancock says, “but these initiatives have helped expand that engagement from balance inquiries and funds transfers to more complex needs like money management and managing debit card security. “In William Atkinson is a writer in Illinois.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

FEBRUARY 22, 2019

For example, the Illinois Supreme Court ruled earlier this year that companies can be sued for biometric data collected without users’ consent. PSD2 is here, of course, changing the way consumers and companies access data. And recently, legal challenges centered on data collection have begun popping up. Introducing Biometrics Into the Mix.

Data 130

Data Illinois Taxes Customer Experience 130

PYMNTS

MARCH 17, 2017

One of the recent groups to add their name to the list is the Illinois Department of Financial and Professional Regulation. In its involvement, the Illinois regulator will be responsible for working with 80 financial institutions of R3’s membership to build out secure and scalable blockchain-based applications.

Illinois 109

Illinois blockchain Regulation US 109

Independent Banker

OCTOBER 29, 2014

As players in the Apple Pay initiative, Visa, MasterCard and ICBA Bancard are working to ensure community bank credit card customers will have full access to the mobile payments system, including its tokenization security measures. Moreover, lingering doubts over the security of mobile channels also surfaced in the Fed’s research.

Mobile 105

Mobile Community Bank Community Technology 105

Fintech Labs Insights

AUGUST 15, 2016

Illinois-based BluePay will leverage CardFlight’s point-of-sale solution SwipeSimple to facilitate the launch of its EMV mobile processing offering. It also comes with an EMV chip reader to help merchants reduce losses from card fraud.

Mobile 12

Mobile Illinois New York Conference 12

Independent Banker

SEPTEMBER 21, 2015

ICBA’s compliance certification programs—similar to the training provided by the Community Banker University’s other certification programs covering lending, information technology and bank security—provide up-to-date information about regulatory issues while teaching practical knowledge and skills. Bank security. Compliance.

Compliance 70

Compliance Community Bank Community Training 70

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

Fraud 78

Fraud Las Vegas Company Capital 78