CB Insights

DECEMBER 9, 2021

California-based TRM Labs offers blockchain analytics and assists cryptocurrency firms, law enforcement agencies, and financial institutions in addressing fraud and financial crime stemming from crypto transactions. Uniswap, Circle, FTX, the IRS, and the FBI are included among its clients. Want the full post?

Law Enforcement 63

Law Enforcement Compliance IRS FBI 63

PYMNTS

MARCH 13, 2017

The FBI announced the most expensive bounty ever for a cybercriminal to help catch Evgeniy M. The New York Times reported that the FBI has been trying to track down Bogachev, and last year the Obama administration even announced sanctions against him for his computer crimes. Bogachev, who was indicted in the U.S. authorities.

FBI 41

FBI Law Enforcement Crime Authorization 41

Center for Payments

NOVEMBER 21, 2023

Over 800,000 reports were received by the FBI’s Internet Crime Complaint Center (IC3) in 2022, representing $10.2 The FBI works to raise awareness of the types of scams that are common around the holidays and how you can protect yourself and your customers or members. Year after year, fraud continues to grow exponentially.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Law Enforcement 109

Law Enforcement FBI Scams Crime 109

PYMNTS

DECEMBER 14, 2016

The FBI is looking to take down “booter” services, which are hired to take websites offline, and also curb demand with the threat of jail time. 13) that the FBI is working with other global law enforcement agencies to crackdown on the number of people that use services to launch cyberattacks on their behalf.

FBI 68

FBI Law Enforcement Authorization Laws 68

PYMNTS

JUNE 4, 2019

The Government Accountability Office (GAO) and members of congress say the FBI’s use of facial recognition technology isn’t private or accurate enough, according to a report by VentureBeat. The FBI began using the software in 2011, and it first became fully operational in September of 2015.

FBI 43

FBI Law Enforcement Database Audit 43

PYMNTS

APRIL 22, 2020

Since Tuesday (April 21), the DOJ said the FBI’s Internet Crime Complaint Center (IC3) has reviewed more than 3,600 complaints related to COVID-19 scams. In another example, the FBI said they identified lookalike Internal Revenue Service (IRS) stimulus payment domains. Department of Justice (DOJ).

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

FICO

FEBRUARY 24, 2022

How COVID-19 became a catalyst for financial crime. According to the FBI , a money mule is someone who transfers or moves illegally acquired money on behalf of, or at the direction of another. How FICO Can Help You Prevent Financial Crime. The COVID-19 pandemic has reshaped global economies and left millions unemployed.

Money Laundering 52

Money Laundering Financial Crimes Crime AML 52

PYMNTS

JUNE 16, 2020

Jaffer cited reports that a Secret Service internet feasibility study noted the move would bolster joint work in the Treasury and could reinvigorate its stature as a law enforcement body. However, he noted that the move could negatively impact morale at DHS.

Cybersecurity 90

Cybersecurity Money Laundering Treasury FBI 90

PYMNTS

JUNE 18, 2018

In October 2013, the marketplace was shut down by the FBI, and Ulbricht was apprehended, arrested and given a sentence of life in prison without parole. He outdid himself, however, in terms of pleasing his customers, going so far as to brazenly offer buyer ratings and money-back guarantees. Last week, the U.S. I’m not going [to the U.S.].

Money Laundering 46

Money Laundering Law Enforcement FBI Crime 46

PYMNTS

SEPTEMBER 11, 2019

This is not the first time the FBI has sounded a warning about business email compromise. The numbers come from the FBI’s annual Internet Crime Report , which detailed that the use of social engineering, emails and other methods to get victims to wire money to fraudsters was a lucrative business. Fraud Trends. billion in 2018.

Scams 65

Scams Email Compromise Compromise Wire 65

PYMNTS

FEBRUARY 3, 2017

The servers have now been locked up, and the FBI and Bureau of Criminal Investigation have been notified. The Newark Advocate reported that Licking County Commissioner Tim Bubb would not disclose the amount of the ransom demand, but they are taking the advice of cybersecurity experts and law enforcement.

Government 40

Government Governance Law Enforcement Ransomware 40

FICO

MAY 17, 2019

In the past 6-12 months, synthetic identity fraud has skyrocketed and has been one of the hottest topics in the financial crimes domain. Many of us remember 2013 when the FBI announced that they had dismantled a major criminal ring committing credit card fraud. What do these two statements have to do with each other?

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

PYMNTS

APRIL 7, 2016

This cybersecurity startup is making waves in the industry, but not for how it’s fighting crime. Bekrar told CNN Money that his mission is to actually provide law enforcement with better tools.

Security 40

Security Law Enforcement Cybersecurity FBI 40

PYMNTS

JULY 30, 2020

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. On the FBI’s Cyber Most-Wanted list are nationals of at least a half-dozen countries, some with state-level backing. Check it out. The enemy is real. And real smart.

Law Enforcement 56

Law Enforcement Credit Union Account Takeovers Federal Reserve 56

PYMNTS

DECEMBER 13, 2018

The good news — and there is always good news — is that merchants, card networks, issuers and others in the payments and commerce space have pretty good technology, too (or, at least, theoretical access to it), and that prevention of crime provides ample room for innovation. Legal jurisdictions just cannot keep up globally,” Eleveld said. “If

Fraud Prevention 64

Fraud Prevention Issuers Verification Credit Cards 64

PYMNTS

NOVEMBER 22, 2017

There are three things you need to do to commit a cybercrime successfully: You need to gather info, you need to commit the crime and you need to cash out. If you can’t do all three, the crime fails. Or rather, “had” – Alpha Bay, the primary dark web marketplace and community, was shut down by law enforcement early last summer.

Account Takeovers 48

Account Takeovers Law Enforcement Push-to-Card Crime 48

PYMNTS

JUNE 20, 2016

and elsewhere, the FBI found, leading to requests for $3.1 The data led industry experts to warn companies that they should report cybercrime as soon as possible to law enforcement, though some officials agree that the mechanisms to report such crimes are far from straightforward and streamlined. Like in the U.S.,

Email Compromise 41

Email Compromise Bitcoin APACS Wire Transfer 41

FICO

JANUARY 10, 2023

As Debbie Cobb explained, card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.” They have therefore turned their attention to crime where identity authentication is of limited use. Read the full post. Kicking Back Against Mules.

Scams 52

Scams Posting Push-to-Card Compromise 52

PYMNTS

MAY 15, 2017

In May of 2016, the FBI reported that ransomware would top $1 billion that year — they estimated $1.6 Federal law enforcement authorities and internationally renowned independent security organizations also point to bitcoin as one of the major reasons that cybercrimes, especially ransomware, have taken off.

Bitcoin 62

Bitcoin Ransomware Multi-Currency Regulations 62

CB Insights

MAY 23, 2019

Holmes and former Theranos COO Balwani’s trial has been delayed due to arguments over the scope of trial evidence, currently estimated to comprise millions of pages of documents across more than 4 terabytes of data seized by law enforcement. Zenefits skirts compliance regulations. The Outcome.

Online and Mobile Banking 78

Online and Mobile Banking Wire Wires Push-to-Card 78