Commerzbank has told lawyers that the bank was a victim of fraud in the ongoing Wirecard case, Reuters reported Thursday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. And as new threats emerge, foiling fraud takes more than just spotting and flagging illegitimate transactions, says KP Brendel, director of marketplace operations at online...
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Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later in the year, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and...
An ex-employee of SoftBank, a major Japanese wireless carrier, was reportedly arrested on Tuesday (Jan. 12) on suspicion of stealing trade secrets before taking a job with Rakuten Mobile, a smaller rival. Get the Full Story Complete the form to unlock this article and enjoy...
The Reserve Bank of New Zealand said Sunday (Jan. 10) that it has been hacked — and that potentially sensitive personal and commercial information may have been involved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Russian hacker Andrei Tyurin, who helped carry out an attack on J.P. Morgan Chase, among other companies, has been sentenced to 12 years in prison, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Federal and state governments are cracking down on unemployment after an estimated $36 billion was swiped, most of it relating to Pandemic Unemployment Assistance (PUA), CNBC reported on Tuesday (Jan. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As the second round of stimulus money is distributed, the Internal Revenue Service (IRS) has issued a warning that people need to be vigilant about scams targeting recipients of the funds, according to reports. Get the Full Story Complete the form to unlock this article...
