PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. As reports noted, card-not-present (CNP) continues to be a threat as EMV compliance spreads. Payment fraudsters are looking to get between consumers and their paychecks.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

MARCH 24, 2016

A media outlet in Israel is reporting that an Israeli company has been tasked with helping the FBI gain access into the iPhone owned by one of the shooters in last year’s San Bernardino shooting. As the FBI continued to conduct its own research and as a result of the worldwide publicity and attention on this case, others outside the U.S.

FBI 40

FBI Encryption Governance Government 40

PYMNTS

MAY 12, 2016

The newswire said that the ongoing debate over legality and privacy concerns centers on whether the federal government can force technology firms to unlock those devices in the service of national security and that the debate will continue. Comey made his remarks during a briefing with reporters.

FBI 40

FBI Encryption Privacy Legal 40

PYMNTS

MAY 30, 2016

Is the FBI attempting to get a glance at information Pinterest holds on its users? That indicates that Pinterest might well have been served with a National Security Letter by the FBI. That indicates that Pinterest might well have been served with a National Security Letter by the FBI.

FBI 40

FBI Security Service Provider Continuity 40

PYMNTS

SEPTEMBER 16, 2019

As reported by NBC News , the investigations were confirmed, separately, by spokespeople for the FBI’s Albany, New York office and the labor department. The investigations are the latest wrinkles in a story that continues to develop after several employees small businesses said they did not get paid.

FBI 69

FBI Direct Deposit Wire Transfer Payroll 69

PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 “Its operators constantly adopted new ways to disguise 3ve’s bots, allowing the operation to continue growing even after their traffic was blacklisted.

FBI 51

FBI Scams Cybersecurity Bots 51

PYMNTS

OCTOBER 19, 2020

Vizom also modifies browser shortcuts to lead its own executable files and continuously runs in the background, regardless of any browser the user tries. Ransomware attacks jumped 37 percent last year, with losses up 46 percent, according to FBI statistics.

Ransomware 123

Ransomware FBI Phishing Treasury 123

PYMNTS

JULY 20, 2016

A new notice from the FBI continues its crackdown of the scheme and pinpoints what reports call “ground zero” for the scam. The FBI has dubbed the Business Email Compromise a “super swindle” due to the value of money already stolen through the scam. billion from unsuspecting companies.

FBI 40

FBI Scams Email Compromise Wire 40

PYMNTS

APRIL 5, 2019

Stacy Arruda, a former special agent with the FBI and now executive director of the state of Florida ISAO on cybersecurity, said that part of the problem is that when it comes to protecting credit unions — and really any financial institution — danger lurks in what they don’t know. The Great Trade-Off.

FBI 50

FBI Credit Union Credential Cybersecurity 50

Fintech Finance

JUNE 20, 2024

Olugbenga ‘GB’ Agboola, the Chief Compliance Officer, Mr. Mobolaji Bammeke, the Director of the American Federal Bureau of Investigations (FBI), Mr. Christopher Gray, and other senior officials from both the EFCC and the FBI.

Financial Crimes 96

Financial Crimes Crime FBI Law Enforcement 96

PYMNTS

FEBRUARY 24, 2019

We will continue to have two vehicles; we will use the crypto fund and the RSP fund in tandem as needed.”. The FBI is looking to speak with anyone who invested in the proprietary token offered by BitConnect. With the launch of this new fund, the company can now complete deals in both tokens and equity.

FBI 46

FBI Blockchain Bitcoin Cryptocurrency 46

PYMNTS

JUNE 22, 2020

Also, the FBI has been called to assist with finding out the perpetrator. She added that the company is continuing to monitor the account, but it has not detected any increase in fraud for the accounts.

Identity Theft 102

Identity Theft Ransomware FBI Enrollments 102

PYMNTS

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

PYMNTS

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. billion a year — and that seems to be growing. “We

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

DECEMBER 8, 2020

The FBI warned in an announcement this month that cybercriminals are "gearing up for a busy season" as the mix of rising holiday shopping volumes and COVID-19 concerns create a perfect storm of fraud risks. For corporates themselves, the FBI warned that businesses, like consumers, can be targeted in gift card scams.

FBI 71

FBI Business Email Compromise Scams Mitigation 71

PYMNTS

MARCH 4, 2016

As Apple and the FBI continue to seek appeals to court orders that support one side and sandbag the other, Carter’s conciliatory tone marked a departure from the only stance yet heard from the federal government pressuring SV companies: comply, or else.

FBI 40

FBI Consulting Laws CHIPS 40

PYMNTS

JUNE 19, 2017

When Troia could not even confirm whether such authorization existed, Coinbase suspended his account and blocked him from creating accounts in family members’ names to continue conducting business. Even the FBI has said that paying ransom is sometimes the smarter thing to do. Department of Justice authorization to carry them out.

Bitcoin 75

Bitcoin Regulations Money Laundering FBI 75

PYMNTS

FEBRUARY 14, 2020

The Federal Bureau of Investigation (FBI) froze the funds and will return them, the statement said. While the FBI continues to investigate the scam, the Puerto Rico Justice Department is launching its own probe, Justice Secretary Dennise Longo Quiñones said. Agencies affected include the Puerto Rico Industrial Development Co.

FBI 67

FBI Scams Governance Government 67

Fintech News

APRIL 1, 2024

According to the report, payment and crypto were the most targeted sectors by identity fraud attacks, with payments continuing to take the top spot in Q4 2023 by representing nearly half of all global fraud attempts during that quarter. billion in 2022, a new report by the Federal Bureau of Investigation (FBI) shows.

Ransomware 117

Ransomware Payments Bitcoin Scams 117

PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We

Cryptocurrency 82

Cryptocurrency Bitcoin FBI Breach 82

PYMNTS

JULY 30, 2019

The bank says it does not appear that the hacker had used the stolen information for fraudulent purposes, but investigators will continue to look into it. Capital One revealed the massive data breach in a news release on July 29, 2019. The hack is expected to cost the company between $100 million and $150 million in the near term.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

PYMNTS

NOVEMBER 21, 2019

News came this week, through BBC , that in Nigeria a man convicted of defrauding people over the internet has stolen the equivalent of roughly $1 million by continuing his activities behind bars. As quoted in September in the wake of those busts, FBI Special Agent Michael Nail referred to it all as “modern-day bank robbery.

Scams 87

Scams Checks Romance Scams Email Compromise 87

PYMNTS

JUNE 23, 2020

Facebook said there was no antitrust abuse and vowed to continue fighting the ruling. That scandal is under investigation by the FBI, Department of Justice and the U.S. The company said there would be “no immediate change” for customers who use its services in Germany. Securities and Exchange Commission.

FBI 83

FBI Rules Regulations Laws 83

The Fintech Times

JUNE 21, 2024

” The Cybercrime Research Centre As the payments ecosystem continues to evolve, the prevalence of financial fraud remains a significant challenge, threatening the stability and trust in financial systems. The Cybercrime Research Centre will significantly enhance our capabilities to prevent, detect, and prosecute financial crimes.”

Crime 64

Crime Research Financial Crimes FBI 64

PYMNTS

MARCH 23, 2020

It’s too soon to tell how the coronavirus crisis will impact corporates’ financial and payment operations, but while analysts continue to raise the alert about consumer payments fraud, the risk of B2B payments fraud persists, particularly as more employees work from home.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

The Fintech Times

FEBRUARY 9, 2024

Candid Wüest, VP of product management at Acronis Candid Wüest , VP of product management at Acronis, explained: “There’s a disturbing trend being recognised globally where bad actors continue to leverage ChatGPT and similar generative AI systems to increase cyber attack efficiency, create malicious code, and automate attacks.

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

FEBRUARY 20, 2020

The Federal Communications Commission (FCC) continued to auction 5G bandwidth in December of 2019, with FCC Chairman Ajit Pai stating, “Pushing more spectrum into the commercial marketplace is a key component of our 5G FAST plan to advance American leadership in the next generation of wireless connectivity.”. “We

FBI 94

FBI Ubiquitous Fed Technology 94

PYMNTS

OCTOBER 7, 2019

An FBI inquiry into the allegations is centered upon claims of fraudulent spend within SEPTA and misuse of the authority’s procurement cards — a common source of internal fraud for both private and public entities. A New Twist On the BEC Scam. “VEC is the next evolution of business email compromise. percent for small banks.

Scams 62

Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

MAY 20, 2020

These statistics indicate that bitcoin continues to be a financial tool for darknet entities,” according to the report. Among a “worrying” trend noted by the report: That dark net entities continue to boost the amount of bitcoin sent between themselves. billion, up more than 150 percent from all of 2018.

Bitcoin 55

Bitcoin Scams FBI Cryptocurrency 55

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. In the first three months of 2024, the average government impersonation scam victim in the U.S. lost $14,000 in cash, totaling more than US$20 million.

Scams 98

Scams Ransomware Governance Government 98

PYMNTS

APRIL 8, 2016

The FBI has recently come out and said it only has the ability to crack into certain phones and nothing above a 5c, which was the phone in the San Bernardino case. Ironically, that’s the argument that Apple’s lawyers are using to suggest why the federal government should be granted a judge’s order to break into the iPhone.

FBI 40

FBI Governance Government PayPal 40

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI.

Phishing 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

JANUARY 21, 2021

Particularly stunning this year was the volume of business email compromise (BEC) attacks, which, according to the FBI, is already a $2 billion-a-year business. Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology. It’s time to fight back. Businesses across the U.S.

Email Compromise 72

Email Compromise Business Email Compromise FBI Fraud Prevention 72

PYMNTS

AUGUST 7, 2020

The police worked with the FBI to trace and identify the Bitcoin involved. Cryptocurrency-related criminal activity continues to be on the rise in 2020, used in transactions on the black market, dark web and cyberattacks. The programmer is also suspected of commercial money laundering over his real estate business dealings.

Bitcoin 63

Bitcoin ATM Money Laundering FBI 63

PYMNTS

DECEMBER 9, 2016

However, it is likely other smaller groups will appear sooner or later to take their place as this is such a lucrative business,” Kroustek continued. And since Avalanche was a platform used to spread malware, we can expect to see cybercriminals migrating to another system to continue to spread their malicious programs.”.

Monetary Loss 90

Monetary Loss Money Laundering FBI Phishing 90

PYMNTS

MARCH 1, 2016

29) that could set precedent for the company’s ongoing battle with the FBI in the San Bernardino iPhone case. In a 50-page ruling, Judge James Orenstein referenced the 1789 statue known as All Write Act, which has been the same one that Apple’s legal team has used as to why they think the FBI’s request should be tossed.

Privacy 40

Privacy FBI Governance Government 40

PYMNTS

AUGUST 16, 2019

We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman. The sources pointed out that about one-third of its employees left in 2018. Safeguarding information is essential to our mission and to our role as a financial institution.

Caps 67

Caps Security Cybersecurity Breach 67