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

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

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

MAY 6, 2020

Amy Klobuchar of Minnesota and Elizabeth Warren of Massachusetts, two former Democratic candidates for the presidency, have asked FTC Chairman Joseph Simons to explain how the agency is identifying and preventing scams and assisting victims of the Paycheck Protection Program (PPP). The spending bonanza has created opportunities for fraud.

Rhode Island 151

Rhode Island Minnesota Massachusetts Fraud 151

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Keeping An Eye On Fraud.

Bitcoin 258

Bitcoin cryptocurrency Course Boston 258

PYMNTS

AUGUST 17, 2020

The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency. How QSRs Are Fighting Digital Food Fraud. Fed Exploring ‘Hypothetical’ Digital Currency With MIT. Just Eat Takeaway to End Its Gig Worker Model.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

APRIL 17, 2019

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “The fear of identity fraud and cyberattacks holds the digital economy back from its full potential,” said Rodger Desai, CEO of Payfone, in a press release.

Fraud 116

Fraud Massachusetts Maine Lending 116

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

SEPTEMBER 27, 2019

Speaking before Congressman Stephen Lynch of Massachusetts, senior member of the House Committee on Financial Services, and the rest of the committee, witnesses from the Fed and other areas of the payments community offered their support to FedNow — but not without caveats. George, was met with widespread support from her fellow witnesses.

Payments 174

Payments Kansas City Community Bank Community 174

PYMNTS

DECEMBER 6, 2018

Additional violations would fall under the consumer fraud act, which means retailers could face penalties of up to $20,000. So far, only Massachusetts has a law banning cashless stores. But companies like Amazon , as well as other major retailers, have spoken out about the legislation.

NJ 133

NJ New York City New Jersey Philadelphia 133

PYMNTS

MARCH 19, 2019

New Jersey is the second state to outlaw cashless stores after Massachusetts, which signed a similar bill into law back in 1978. Violations after that would be subject to the New Jersey Consumer Fraud Act and fines could be as high as $20,000.

New Jersey 125

New Jersey Philadelphia San Francisco Massachusetts 125

PYMNTS

NOVEMBER 15, 2019

Department of Justice announced that two Massachusetts men were arrested and charged with conducting a scheme to take over victims’ social media accounts and steal their cryptocurrency.

DC 100

DC social media Bitcoin cryptocurrency 100

PYMNTS

FEBRUARY 1, 2019

According to Bloomberg , Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to find any potential unknown violations. North Carolina is also part of the probe. And earlier this week, U.S.

North Carolina 108

North Carolina New Jersey Connecticut social media 108

PYMNTS

SEPTEMBER 20, 2017

In addition, Massachusetts Attorney General Maura Healey filed a lawsuit against the company, accusing it of not doing enough to protect consumers against the massive breach, impacting three million in the state. “Equifax needs to pay for its mistakes, make our residents whole and fix the problem so it never happens again.”.

Cyber Security 100

Cyber Security New York Report Massachusetts 100

PYMNTS

NOVEMBER 26, 2019

Senators Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter asking whether the technology could be accessed by foreign entities or whether it posed a risk to national security.

Data 130

Data Delaware Oregon Maryland 130

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals.

Illinois 161

Illinois Google New Hampshire Texas 161

PYMNTS

SEPTEMBER 25, 2020

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Report: Hanging Up The Phone On Mobile Remittance Fraud. A bank executive sent a memo to the workforce saying that they must not post to social media until 11 a.m. Time on Tuesday (Sept. 22) at the earliest.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

JANUARY 2, 2019

Meanwhile, in the payments and commerce world, financial institutions in the United States and elsewhere are making moves toward using AI for fraud prevention and anti-money laundering efforts. David Edelman, a technology policy researcher at the Massachusetts Institute of Technology. “It It may be impossible.”.

US 198

US United States Regulation Technology 198

PYMNTS

MAY 2, 2018

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. The Superintendent of Leominster Public Schools, Paula Deacon, was surprised to learn of the extortion demand and contacted police, ABC News reported. “I

Bitcoin 104

Bitcoin Data Massachusetts System 104

PYMNTS

SEPTEMBER 25, 2019

Ed Markey of Massachusetts and Richard Blumenthal of Connecticut penned a letter to the National Highway Traffic Safety Administration in which they asked about policies over handling and informing the public in cases of cyberattacks against connected vehicles. Two Democratic U.S.

Connecticut 151

Connecticut Massachusetts Security Technology 151

Independent Banker

NOVEMBER 13, 2014

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Maria Korolov is a freelance writer in Massachusetts. Current Tech. By Maria Korolov. Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems.

ATM 93

ATM System Management Kansas City 93

PYMNTS

MARCH 31, 2017

Fraud At Non-Bank ATMs : We all know that fraud of all stripes is on the rise. But at non-bank ATMs, fraud is on a stratospheric ascent. states — $22 million to Massachusetts and $2.87 The jury is also still out as to whether London will remain Europe’s banking capital. The future is hazy at best.

Samsung 100

Samsung ATM Massachusetts Fraud 100

PYMNTS

SEPTEMBER 25, 2017

In addition, Equifax is being sued by the state of Massachusetts , and is also facing a class-action lawsuit filed on behalf of 28 million small businesses impacted by the breach and another suit just filed by Summit Credit Union. The Federal Trade Commission and the Department of Justice are already investigating the cyberattack.

Massachusetts 116

Massachusetts Security Regulation Data 116

PYMNTS

SEPTEMBER 21, 2016

Being publically called “gutless” — before being told that you should be fired and forced to return your last couple of years of salary — was just the warm up act from a certain Senator from Massachusetts that got the Wells Fargo party started yesterday. asked the Senator from the State of Massachusetts. asked Senator Richard C.

Alabama 100

Alabama Massachusetts Leadership Louisiana 100

PYMNTS

OCTOBER 11, 2019

However, buy online, pickup in-store (BOPIS) involves card-not-present (CNP) transactions, putting retailers on the hook for any fraud. Polar Park in Worcester, Massachusetts is using a platform from Standard Cognition to allow customers to buy snacks, drinks and souvenirs without scanning or checking out. Solutions .

Retail 117

Retail Study Minnesota Video 117

PYMNTS

JUNE 3, 2019

Some politicians, like Massachusetts Senator Elizabeth Warren , have been calling for the breakup of tech giants. Even with the Facebook Cambridge Analytica scandals, which helped to calibrate attention on tech giants’ handling of user data, there hasn’t been any real regulatory agreement into oversight of these companies until now.

social media 109

social media Massachusetts Washington Google 109

CFPB Monitor

APRIL 7, 2020

Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

American Banker

JUNE 15, 2020

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

Arkansas 41

Arkansas Massachusetts Maine Fraud 41

PYMNTS

SEPTEMBER 22, 2017

Back in June, the Massachusetts Senator said in a letter to Federal Reserve Chairwoman Janet Yellen that the Fed should remove the dozen executives sitting on the board of the beleaguered bank. The scandals at the bank have resulted in lawmakers calling for the board to be ousted.

Risk Management 100

Risk Management Massachusetts Meeting Tools 100

PYMNTS

JULY 22, 2016

Snowden unveiled the device via livestream during a Massachusetts Institute of Technology Media Lab’s conference dubbed “Forbidden Research.”. Teaming up with well-known hacker Andrew “bunnie” Huang, the two designed the device, which is a piece of hardware that you put on your iPhone.

Massachusetts 100

Massachusetts Conference Video Software 100

PYMNTS

NOVEMBER 29, 2019

The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker). Of the 94 million U.S.

Google 129

Google Mobile Data Capital 129

PYMNTS

NOVEMBER 18, 2016

Massachusetts Attorney General Maura Healey said in a statement covered by Krebs on Security: “An investigation by the states revealed that, in Sept. According to Krebs on Security, the victims will walk away with a whopping $1.80. 2013, Adobe received an alert that the hard drive for one of its application servers was nearing capacity.

North Carolina 100

North Carolina Massachusetts Security Data 100

PYMNTS

NOVEMBER 27, 2017

The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. In 2015, Santander’s Consumer USA Holdings unit paid $9.35 million to settle charges claiming it improperly repossessed cars of members of the U.S.

Massachusetts 101

Massachusetts Lending Policies Compliance 101

PYMNTS

MARCH 23, 2018

Created in the media lab of the Massachusetts Institute of Technology, Eximchain operates a blockchain platform to facilitate supply chain financing via smart contracts and its own token system. With $53 million in Series D funding, Sift Science said it will focus on international growth of its fraud detection and prevention solution.

blockchain 110

blockchain Capital Management Software 110

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

OCTOBER 24, 2019

Elizabeth Warren of Massachusetts wrote a letter to the FTC outlining allegations that Amazon knew there were cloud vulnerabilities where its customer Capital One kept sensitive data. They want the FTC to determine if Amazon’s negligence violates federal law as an “unfair business practice.” . Senate Finance Committee head Sen.

Capital 100

Capital Oregon Massachusetts United States 100

PYMNTS

SEPTEMBER 22, 2017

Massachusetts Attorney General Maura Healey filed a lawsuit against the company, accusing it of not doing enough to protect consumers against the hack, while the U.S. She also questioned the overall regulatory framework for credit reporting agencies, which are not subject to the same levels of intense scrutiny as other consumer finance firms.

New York 116

New York Atlanta Massachusetts Regulation 116