security & fraud

Bluefin Payment Systems Gets Patent For Decryption-As-A-Service
Bluefin Payment Systems Gets Patent For Decryption-As-A-Service
October 05, 2016  |  Security & Fraud

Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced on Tuesday (Oct. 4) the issuance of...

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Racecar Driver Scott Tucker Owes The FTC $1.27 Billion Over Deceptive Payday Lending
Racecar Driver Scott Tucker Owes The FTC $1.27 Billion Over Deceptive Payday Lending
October 05, 2016  |  Alternative Finances

Professional racecar driver Scott Tucker and companies he owns reportedly owe the Federal Trade Commission $1.27 billion over deceptive payday lending practices. According to a...

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Hackers Getting Money Mules To Remit Through Bitcoin ATMs
Hackers Getting Money Mules To Remit Through Bitcoin ATMs
October 03, 2016  |  Security & Fraud

Hackers who steal money from corporate banks often use so-called “money mules,” people willing or tricked into withdrawing funds in cash and wiring the money...

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Wells Fargo Independent Board Furious About CEO Stumpf’s Handling Of Scandal
Wells Fargo Independent Board Furious About CEO Stumpf’s Handling Of Scandal
September 29, 2016  |  Banking

Wells Fargo Chief Executive John Stumpf’s move to give up around $41 million in unvested equity was prompted in part by board members who were...

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FTC To Return Close To $20 Million To Scam Victims
FTC To Return Close To $20 Million To Scam Victims
September 28, 2016  |  Security & Fraud

The Federal Trade Commission announced on Tuesday (Sept. 27) it will return close to $20 million to more than 145,000 consumers around the country who...

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SWIFT Reveals Three Customer Cyberbreaches During The Summer
SWIFT Reveals Three Customer Cyberbreaches During The Summer
September 28, 2016  |  Security & Fraud

SWIFT, the interbank message carrier, revealed that customers had three new cyberbreaches over the summer and cautioned that attacks against banks in the network are...

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First National Bank of Pennsylvania Adds More Security To Mobile App
First National Bank of Pennsylvania Adds More Security To Mobile App
September 27, 2016  |  Digital Banking

First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation, announced on Monday (Sept. 26) it has introduced CardGuard, the latest upgrade to the...

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Consumer Group Wants Banks To Be More Accountable For Transfers To Fake Accounts
Consumer Group Wants Banks To Be More Accountable For Transfers To Fake Accounts
September 26, 2016  |  Security & Fraud

The U.K.’s Payment Systems Regulator (PSR) is gearing up to look into complaints from consumer group Which? over the level of protection banks give customers...

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CFPB Files Lawsuit Against Credit Repair Company Prime Marketing Holdings
CFPB Files Lawsuit Against Credit Repair Company Prime Marketing Holdings
September 26, 2016  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced on Friday (Sept. 23) it filed a lawsuit in federal district court against credit repair company Prime Marketing...

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