security & fraud

Equifax Breach To Cost Total Of $439M
Equifax Breach To Cost Total Of $439M
March 05, 2018  |  Security & Fraud

Equifax, the credit scoring company that’s embroiled in a massive data breach, expects costs from that to increase $275 million in 2018. That increase in...

READ MORE >
Bank Customers Sued For Taking Wrong Money From ATM
Bank Customers Sued For Taking Wrong Money From ATM
February 26, 2018  |  Banking

Central National Bank, located in Wichita, is trying to get back money it lost when an ATM gave a customer $100 bills instead of $5...

READ MORE >
Latvian Defense Ministry Says Corruption Allegations Are Fake News
Latvian Defense Ministry Says Corruption Allegations Are Fake News
February 21, 2018  |  International

The Latvian Defense Ministry is contending that corruption allegations — which resulted in the suspension of a central bank governor on Tuesday (Feb. 20) —...

READ MORE >
Warren Slams Wells Fargo Over Error-Riddled Refunds
Warren Slams Wells Fargo Over Error-Riddled Refunds
February 15, 2018  |  Security & Fraud

Wells Fargo is facing new scrutiny, this time over its failed attempts — riddled with errors — to repay its customers. According to The Wall Street Journal, Senator...

READ MORE >
Wells Fargo CEO Downplays Regulation Woes To Investors
Wells Fargo CEO Downplays Regulation Woes To Investors
February 14, 2018  |  Regulation

Wells Fargo & Co.’s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. 13) that the asset cap imposed on it by the...

READ MORE >
Senators Want Answers From CFPB On Equifax Probe
Senators Want Answers From CFPB On Equifax Probe
February 09, 2018  |  CFPB

A group of 31 Democrat and Independent U.S. senators are calling on the Consumer Financial Protection Bureau (CFPB) to provide information as to why the...

READ MORE >
ALDI Stores Hit With Credit Card Skimmer
ALDI Stores Hit With Credit Card Skimmer
February 08, 2018  |  Security & Fraud

ALDI, the grocery store operator, is being targeted by scammers who are installing credit card skimmers on top of point-of-sale terminals in plain sight. According...

READ MORE >
In Battling Identity Fraud, Finding The (Synthetic ID) Devil Behind The Details
In Battling Identity Fraud, Finding The (Synthetic ID) Devil Behind The Details
February 06, 2018  |  Security & Fraud

Millions of people are victim of identity theft each year. Post Equifax breach, the numbers will swell. The fraudsters are ever resourceful, picking and choosing...

READ MORE >
Wells Fargo Hobbled By The Fed, $400M In Profits At Risk
Wells Fargo Hobbled By The Fed, $400M In Profits At Risk
February 05, 2018  |  Regulation

Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a rare action by...

READ MORE >