security & fraud

Banks, Merchants Turn To Behavioral Biometrics To Fight Fraud
Banks, Merchants Turn To Behavioral Biometrics To Fight Fraud
August 14, 2018  |  Fraud Prevention

In an effort to prevent fraud, an increasing number of banks and merchants have been monitoring visitors to their websites and apps. The New York...

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FBI Warns Banks About Widescale ATM Cash-Out Scam
FBI Warns Banks About Widescale ATM Cash-Out Scam
August 13, 2018  |  Security & Fraud

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as...

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Little Evidence That Tether Has The US Dollar Reserves To Back Tokens
Little Evidence That Tether Has The US Dollar Reserves To Back Tokens
August 13, 2018  |  Cryptocurrency

Tether, the digital currency that is purported to be backed by U.S. dollars, has been surging in trading — with daily trading volume around $3...

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CFPB Settles With Payday Lender Over Scam Fees
CFPB Settles With Payday Lender Over Scam Fees
August 13, 2018  |  CFPB

The Consumer Financial Protection Bureau announced Friday (August 10) that it entered into a settlement agreement with Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated...

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Bank CEO Accused Of Accelerating Manafort Loan Approvals
Bank CEO Accused Of Accelerating Manafort Loan Approvals
August 13, 2018  |  Politics

Federal Savings Bank‘s chief executive Steve Calk is being accused of helping Paul Manafort, the former Trump campaign chairman, secure loans in exchange for a...

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Low-Cost Mobile Card Readers Have Security Flaws
Low-Cost Mobile Card Readers Have Security Flaws
August 10, 2018  |  Security & Fraud

Positive Technologies researchers Leigh-Anne Galloway and Tim Yunusov are warning that new lower-cost payment systems could hurt companies because of security flaws that could enable...

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China Locks Down Financial District As P2P Lending Implodes
China Locks Down Financial District As P2P Lending Implodes
August 06, 2018  |  International

China has ordered a lockdown of Beijing’s financial district Monday (August 6) to prevent individuals from protesting a crisis in the peer-to-peer (P2P) lending marketplace....

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Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures
Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures
August 06, 2018  |  Banking

Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a...

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Cryptocurrency Pump And Dump Schemes Growing
Cryptocurrency Pump And Dump Schemes Growing
August 06, 2018  |  Cryptocurrency

Pump and dump schemes — in which an asset is talked up to drive the price higher before traders dump it for a profit —...

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