PYMNTS

OCTOBER 1, 2018

An Apple iPhone X user was forced by law enforcement to unlock his phone with his face. According to a report in Forbes , 28-year-old Grant Michalski was ordered by an FBI agent to use Face ID to unlock his phone, which he complied with, during a child abuse case in Columbus, Ohio.

FBI 44

FBI Law Enforcement Laws Legal 44

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 97

Financial Crimes Crime FBI Law Enforcement 97

PYMNTS

FEBRUARY 9, 2020

In its most recent warning, the FBI said cyberattacks were becoming “more targeted, sophisticated, and costly.”. What we find most concerning is that it causes not just direct costs, but also indirect costs of lost operations,” said Herbert Stapleton, FBI cyber section chief. “We and Europe.

Ransomware 75

Ransomware FBI Law Enforcement Compromise 75

PYMNTS

AUGUST 11, 2017

FBI documents have revealed a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. He received a total of $8,700, which he used for a laptop, a mobile phone and a VPN communications network, all of which the FBI says he used to communicate with the Islamic State network.

FBI 42

FBI Law Enforcement Transactions Online and Mobile Banking 42

PYMNTS

JULY 28, 2019

Federal law enforcement is helping in the investigation. The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. An investigation involving local, state and federal law enforcement is ongoing at this time.”. As a result, Gov.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64

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. How’s the company performing?

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.

FBI 41

FBI Law Enforcement Crime Authorization 41

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

Innovative Payments Association

OCTOBER 3, 2023

​Mentions of Chicago and the FBI might conjure images of men in fedoras with Tommy Guns, but modern crime is much more electronic than it used to be. With that in mind, the IPA recently held a session with the Chicago Field Office of the FBI where agents spoke about the trends in crime and payments.

FBI 40

FBI Crime Law Enforcement Request for Information 40

PYMNTS

MAY 14, 2019

Equifax went to the Federal Bureau of Investigation (FBI) and the Central Intelligence Agency (CIA), and the company even began looking into a way to monitor the computer activity of its Chinese employees. law enforcement authorities and cooperated with the federal agencies.”.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

Innovative Payments Association

MAY 20, 2024

I have been attending the FBI Citizens Academy at the Bureau’s Cleveland Field Office. It is a program the FBI runs every year to explain its mission to the public. Hacks are not just an IT problem, you will need to communicate and take action with customers, vendors, law enforcement, and internally.

Cybersecurity 52

Cybersecurity FBI Law Enforcement Crime 52

PYMNTS

APRIL 22, 2020

In another example, the FBI said they identified lookalike Internal Revenue Service (IRS) stimulus payment domains. One site claimed to be collecting donations for the American Red Cross’ COVID-19 relief efforts. The sites were used as phishing schemes, authorities said.

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

PYMNTS

JANUARY 18, 2019

Amazon has already reportedly sold Rekognition to law enforcement in at least two states, and has proposed it to ICE, while the FBI is currently testing it out. . “Sales of Rekognition to government[s] represent considerable risk for the company and investors. That’s why it’s imperative those sales be halted immediately.”.

Law Enforcement 46

Law Enforcement FBI Laws Governance 46

The Fintech Times

JUNE 21, 2024

The centre will offer comprehensive training for law enforcement and industry professionals to combat modern financial crimes effectively. “This initiative underscores our commitment to creating a fraud-free financial ecosystem and leading the charge in safeguarding transactions across Africa.

Crime 64

Crime Research Financial Crimes FBI 64

PYMNTS

MARCH 7, 2016

Apple, the beloved creator of such devices as the iPod, the iPad and, of course, the game-changing iPhone, has come under scrutiny lately from, of all places, law enforcement agencies. They did not list a specific instance. ” Last month, the U.S. ” Last month, the U.S.

Law Enforcement 40

Law Enforcement FBI Encryption Laws 40

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

The Paypers

APRIL 6, 2023

A multi-national law enforcement team led by the FBI and Dutch National Police has taken down the cybercrime hub Genesis Market.

Law Enforcement 36

Law Enforcement FBI Laws 36

PYMNTS

MARCH 22, 2016

But unlike some cases (like the hospital that forked over the bitcoin before consulting law enforcement), in this instance, the city called upon law enforcement for help — scaring off the hackers. In fact, in 2015, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1

Ransomware 0

Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

JUNE 22, 2016

A new study has landed the FBI in hot water when it comes to privacy concerns. The Government Accountability Office (GAO) study, released last Wednesday (June 15), sheds light on a database of more than 411 million photos maintained by the FBI. So, basically, what they’re saying is that it’s highly inaccurate!

Database 42

Database FBI Law Enforcement Privacy 42

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

AUGUST 4, 2019

Last week Capital One revealed that on July 19 it discovered that there was unauthorized access by an outside individual, adding that it immediately fixed the configuration vulnerability that was exploited and immediately notified federal law enforcement. The FBI arrested a Seattle area woman, Paige A.

FBI 51

FBI Law Enforcement Credential Breach 51

FICO

MAY 17, 2019

Many of us remember 2013 when the FBI announced that they had dismantled a major criminal ring committing credit card fraud. And don’t forget the lesson learned from the FBI: If 18 people can fabricate 7,000 identities, there are some Night Kings among us. What do these two statements have to do with each other?

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

PYMNTS

FEBRUARY 13, 2019

That fact, documented via testimony at Guzmán’s trial, points to changes in how international suppliers of illegal drugs move their earnings and make them clean in order to protect those gains from law enforcement. That activity accounts for “probably the most significant single source of illicit cash,” the FBI noted.

Money Laundering 58

Money Laundering Debit Card Cross-Border BSA 58

PYMNTS

MAY 3, 2019

Covert illegal marketplaces are often known as the “Darknet,” and in March , the Federal Bureau of Investigation announced that its Joint Criminal Opioid and Darknet Enforcement (J-CODE) team made 61 arrests and shut down 50 darknet accounts used for illicit activity. kilograms of drugs, 51 firearms and more than $7 million.

FBI 46

FBI Law Enforcement Laws Cryptocurrency 46

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

DECEMBER 22, 2016

According to the research, 70 percent of companies say they pay up when targeted by a ransomware attack — an attack in which hackers take corporate data hostage unless the victim pays a ransom — despite the FBI advising organizations not to do so, reports by CyberScoop said last week.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

PYMNTS

MAY 25, 2016

Apple’s encryption battle against the FBI may have simmered down, but Apple is not backing down on further bolstering the security of its devices. Callas’ appointment comes just weeks after the FBI spent $1.34 and Silent Circle, Reuters reported.

Encryption 40

Encryption FBI Law Enforcement Compromise 40

PYMNTS

NOVEMBER 16, 2016

As to where they are happening, Europe is a standout, with a “more sophisticated fraudster” with a higher relative level of education and tough economic climate — all which help lift fraud attempts “as they are not afraid of the FBI knocking on their door.”. noted Reitblat.

Account Takeovers 82

Account Takeovers EMV Law Enforcement FBI 82

Clearly Payments

MARCH 4, 2024

Eventually, law enforcement agencies intervened, leading to the arrest and prosecution of numerous individuals involved in the scheme, highlighting the complexity and magnitude of modern phishing fraud and emphasizing the critical need for robust cybersecurity measures and user awareness to combat such criminal activities.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

AUGUST 15, 2017

But now, the British cyber researcher — formerly credited with saving the United States and, to an extent, the world (yes, that was an actual quote from Hutchins’ boss, Salim Neino, CEO of Kryptos Logic) — may be indicted for cybercrime by the FBI. It was a very exciting moment.”.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

DECEMBER 4, 2018

The Financial Times noted that in July the FBI warned hackers were targeting CFOs, getting them to transfer money to unknown accounts. Agari, noted the report, turned over the evidence to law enforcement agencies both in the U.S. The report noted that if members of the hacking group are living in the U.K. or the U.S.

Law Enforcement 46

Law Enforcement Email Compromise FBI Scams 46

PYMNTS

OCTOBER 23, 2019

The company told customers in an e-mail that it was working with law enforcement as well as an outside security firm to look into the breach’s extent. The FBI recently warned that “high impact” attacks would be hitting large companies per past reports.

Ransomware 40

Ransomware Law Enforcement FBI Encryption 40

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.

Governance 40

Governance Government Law Enforcement Ransomware 40

PYMNTS

AUGUST 10, 2018

The FBI and other law enforcement agencies usually don’t recommend paying these types of ransoms, since it might encourage attackers to keep committing these cybercrimes. It’s unknown if the city paid or tried to pay the ransom, but the affected services are still not completely up and running. However, not everyone agrees.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

Center for Payments

NOVEMBER 21, 2023

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. The FBI reports, “Charity scam solicitations may come through cold calls, email campaigns, crowdfunding platforms, or fake social media accounts and websites.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

PYMNTS

JUNE 10, 2019

The FBI reported that BEC scam losses roughly doubled in 2018, as measured year over year, to $1.2 Separately, and a world away in Afghanistan, Reuters reported that inflated contracts for meat rations for law enforcement officials have run into the millions of dollars, siphoned from government coffers and foreign donors.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

PYMNTS

OCTOBER 24, 2019

The ongoing debacle includes allegations against company CEO Michael Mann, who was arrested by the FBI Sept. Mann told law enforcement authorities that MyPayrollHR was legitimate, but he admitted to creating other “companies that had no purpose other than to be used in the fraud,” according to the court filing.

Payroll 41

Payroll Law Enforcement FBI Non-Bank 41