security and fraud

Musk’s Super App Ambitions Face Uphill Battle
Musk’s Super App Ambitions Face Uphill Battle
October 05, 2022  |  Connected Economy

In the bid to build a super app, just because you can — or think you can — doesn’t mean you should. News came this...

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Sardine Raises $51M for Fraud Prevention Solutions for FinTechs, DeFi
Sardine Raises $51M for Fraud Prevention Solutions for FinTechs, DeFi
September 20, 2022  |  Security & Fraud

Sardine, which provides fraud, compliance and instant settlement solutions, has gotten $51.5 million in Series B financing, which will go toward product development and marketing...

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DOJ Seeks to Double Jail Time for Money Transmission Crimes
DOJ Seeks to Double Jail Time for Money Transmission Crimes
September 20, 2022  |  Regulation

Buried in the U.S. Department of Justice’s crypto crime report last week was a call for Congress to double the criminal penalties for any unlicensed...

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FTC Probes $200M Bitmark Crypto Hack
FTC Probes $200M Bitmark Crypto Hack
August 11, 2022  |  Regulation

In what is its first investigation into cryptocurrency markets, the Federal Trade Commission (FTC) is looking into the Bitmark currency exchange over the December 2021...

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UK Wants Crypto Companies, Not Criminals, Digital Minister Says
UK Wants Crypto Companies, Not Criminals, Digital Minister Says
June 15, 2022  |  Cryptocurrency

The U.K.’s digital minister is stressing his government’s wish to make the country a worldwide hub for cryptocurrency activity, even as he expressed caution about...

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Salesforce Boards NFT Train With Brand Cloud Service
Salesforce Boards NFT Train With Brand Cloud Service
June 08, 2022  |  NFTs

Customer relations software company Salesforce is launching a cloud-based service for the sale and creation of NFTs, despite flagging sales for the digital tokens. As...

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Block Confirms Cash App Breach by Former Employee 
Block Confirms Cash App Breach by Former Employee 
April 06, 2022  |  Security & Fraud

A former employee of Block (formerly known as Square) is accused of downloading Cash App reports containing sensitive data belonging to customers, according to multiple...

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PYMNTS Crypto Crime Series: The Tale of QuadrigaCX, Canada’s Longest Crypto Ponzi Scheme
PYMNTS Crypto Crime Series: The Tale of QuadrigaCX, Canada’s Longest Crypto Ponzi Scheme
January 28, 2022  |  Cryptocurrency

Welcome to PYMNTS’ new series on crypto crime. In it, we’ll be taking a look at the crimes that have not only been committed in...

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FinCEN: Wildlife Trafficking  Is on the Rise
FinCEN: Wildlife Trafficking  Is on the Rise
December 20, 2021  |  Security & Fraud

The nation’s top money laundering and terrorist financing watchdog reported wildlife trafficking threats are on the rise. The Financial Crimes Enforcement Network (FinCEN), a division...

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