security & fraud

UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze

UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
June 29, 2020  |  Cybersecurity

After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the...

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Wirecard, Enron And Warning Signs Across Two Decades
Wirecard, Enron And Warning Signs Across Two Decades
June 29, 2020  |  Cybersecurity

Author George Santayana famously wrote: “Those who cannot remember the past are condemned to repeat it.” And Mark Twain once wrote: “History doesn’t repeat itself,...

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EY Accused Of Missing Alleged Wirecard Fraud
EY Accused Of Missing Alleged Wirecard Fraud
June 28, 2020  |  Cybersecurity

In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to...

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Philippines Opens Probe Into Wirecard’s Missing Cash
Philippines Opens Probe Into Wirecard’s Missing Cash
June 24, 2020  |  Cybersecurity

The Philippines has launched an investigation into the missing $2.1 billion that Wirecard said it deposited in two of the island nation’s banks, Reuters reported....

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Telegram: Breach Exposed Millions Of Users’ Data
Telegram: Breach Exposed Millions Of Users’ Data
June 24, 2020  |  Cybersecurity

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Get...

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Creating An ‘Anchor Of Trust’ In The Battle Against CNP Fraud
Creating An ‘Anchor Of Trust’ In The Battle Against CNP Fraud
June 24, 2020  |  Cybersecurity

As the world must go increasingly digital — perhaps permanently — people who had resisted the great shift to eCommerce have had to make the...

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DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
June 23, 2020  |  Cybersecurity

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according...

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Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
June 22, 2020  |  Cybersecurity

The Federal Trade Commission (FTC) is sending out over $8.7 million in refunds to 187,425 customers who were reportedly signed up for non-consensual payment plans...

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