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

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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

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

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

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

APRIL 17, 2019

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. Payfone serves six of the top 10 U.S.

Fraud 116

Fraud Massachusetts Maine Lending 116

PYMNTS

NOVEMBER 26, 2019

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said.

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 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

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

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. Even some multifactor security systems have been broken this way, says Dani Creus, a researcher with security software firm Kaspersky Lab in Woburn, Mass. Current Tech. By Maria Korolov.

ATM 93

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PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Time on Tuesday (Sept. 22) at the earliest.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

NOVEMBER 18, 2016

According to Krebs on Security , the $1 million goes to settle a lawsuit by 15 attorney generals stemming from that data breach. Krebs on Security broke news of the hack back on Oct. According to Krebs on Security, the victims will walk away with a whopping $1.80.

North Carolina 100

North Carolina Massachusetts Security Data 100

PYMNTS

OCTOBER 11, 2019

In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. The new Automated Retail Tracker explored security concerns with leveraging automation to make the click-and-collect experience faster and cheaper. These fears aren’t unfounded. percent). Solutions .

Retail 117

Retail Study Minnesota Video 117

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

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

SEPTEMBER 25, 2017

Add the Consumer Financial Protection Bureau to the list of federal agencies expected to punish Equifax for the massive security breach that exposed the personal data of around 143 million Americans. The Federal Trade Commission and the Department of Justice are already investigating the cyberattack.

Massachusetts 116

Massachusetts Security Regulation Data 116

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. While announcing $1 million in seed funding, Finhaven said it is also rolling out a blockchain-based securities law compliance solution.

blockchain 110

blockchain Capital Management Software 110

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

SEPTEMBER 22, 2017

The company’s shares have fallen more than 30 percent since the hack, which exposed consumer names, Social Security numbers, birthdates, addresses and, in some cases, drivers’ license numbers. He is already slated to appear before the U.S. House of Representatives on Oct. The company also reported 209,000 U.S.

New York 116

New York Atlanta Massachusetts Regulation 116

PYMNTS

NOVEMBER 29, 2019

The data did not reportedly include password information, Social Security numbers or financial information. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker). Other investors include T.

Google 129

Google Mobile Data Capital 129

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

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

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

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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

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

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

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

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 19, 2017

Back in June, the Massachusetts Senator said, in a letter to Federal Reserve Chairwoman Janet Yellen, that the Fed should remove the 12 executives sitting on the board of the beleaguered bank. In September, U.S. Senator Elizabeth Warren called again on the Federal Reserve to hold the board accountable.

Risk Management 100

Risk Management Massachusetts Leadership Management 100

Banking 2020

OCTOBER 16, 2014

An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA. Voices administrator malware security spam'

New York 78

New York System New York City Massachusetts 78

PYMNTS

MAY 27, 2016

Early April saw Staples announce a partnership with Workbar that will see parts of three of the office supply retailer’s Massachusetts stores converted into communal workspaces available for on-demand rental. ” What a breach of etiquette to call out the retail security industry — however necessary it is.

Retail 100

Retail Las Vegas Millennials Conference 100

PYMNTS

DECEMBER 8, 2017

In November, a Massachusetts man tried to buy an Xbox through the app and successfully met up with the seller, who directed him to a man across the street. The man forked over $20 and explained that the rest of the money was in his car.

Ohio 101

Ohio Massachusetts Texas Community 101

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. This solution streamlines the process of transferring property titles while also adding some layers of security. See our explainer for more on how blockchains work. .

blockchain 78

blockchain Fraud Technology Management 78

PYMNTS

JANUARY 2, 2017

The spring brought coverage of mobile advertising and payments on the go at food trucks as small, smart device-powered businesses, and in the fall, we looked at the biggest trends in digital security at the annual Money20/20 Conference in Las Vegas. DIGITAL IDENTITY TRACKER. In short, biometrics are here to stay,” McDowell told PYMNTS.

Retail 123

Retail Millennials blockchain Mobile 123

Independent Banker

AUGUST 26, 2015

Maria Korolov is a technology writer in Massachusetts. And the attacks on smaller financial institutions in particular have been increasing, according to the report, from 24 incidents with confirmed data losses in 2013 to 33 last year.

Massachusetts 70

Massachusetts Industry Data Training 70

Gonzobanker

DECEMBER 14, 2023

Lifetime Achievement Award (Bank) Cambridge Savings CEO Wayne Patenaude looks to end a long and successful career at one of Massachusetts’ 10 largest banks. We remember his architecting the legendary Bank of America and Security Pacific merger on the West Coast. Oh, and along the way, OnPoint will provide an amazing $2.5

Fintech 192

Fintech Community Regional Technology 192