fraud
Fraud Blog posts tagged “fraud”.
Amidst Organized Attacks Against Two Major Banks, Cyber Threat Level Raised to “High”
After distributed denial of service attacks disrupted Bank of America and JPMorgan Chase websites in late September the Financial Services…
Nov 2, 2021 · 2 min read Case StudiesApple Store Employee Bypassed Security Checks to Accept Known Bad Checks
Roberto Sanchez, a former Apple Store employee in New Hampshire, reached a plea bargain to serve three months in jail after intentionally…
Nov 2, 2021 · 1 min read fraudAs Consumers Use Debit Cards More and Checks Less, Fraudsters Adjust Accordingly
In recent years consumers have been using their debit cards more often while relying less on paper checks, meanwhile fraud rates on these…
Nov 2, 2021 · 2 min read Industry NewsAudit Finds Many Popular UK Websites do Not Comply with Consumer Protection Regulations
The United Kingdom’s Office of Fair Trading recently released their results from a study examining the most popular websites to ensure they…
Nov 2, 2021 · 1 min read Case StudiesBrothers Generate $1.4 Million in Commissions from Incomplete Sales
Brothers Andrew and Allen Chiu placed $23 million worth of fraudulent orders through FatWallet, a membership shopping community that…
Nov 2, 2021 · 1 min read Industry NewsCalifornia Considers Credit Card Privacy Laws and how it Applies to eCommerce
The California Supreme court is considering a class action suit against Apple for collecting personal information for online transactions…
Nov 2, 2021 · 2 min read Employee TheftCIFAS Releases Report on Internal Fraud Trends in the UK
CIFAS, a fraud prevention membership association in the UK, reported that internal fraud in the United Kingdom increased 14.5 percent in…
Nov 2, 2021 · 2 min read Industry NewsConsortium of Major Merchants Announce Mobile Wallet
Competing retailers have formed a new joint venture, the Merchant Customer Exchange (MCX), to offer a mobile wallet of their own. The…
Nov 2, 2021 · 4 min read Industry NewsConsumer Financial Protection Bureau Prepares Prepaid Card Regulations
In late May the Consumer Financial Protection Bureau announced they will soon formalize regulations for prepaid cards to better protect…
Nov 2, 2021 · 2 min read Industry NewsDecrease in Debit Spending Reduces Visa’s Total U.S. Payment Volume
Although spending on Visa credit cards increased in April and May from a year ago, overall volume processed on U.S. Visa cards was down 3…
Nov 2, 2021 · 2 min read Industry NewsDepartment of Justice Investigating Visa’s Post-Durbin Amendment Fees
While recently announcing their quarterly profits Visa also disclosed that the U.S. Department of Justice has requested more information…
Nov 2, 2021 · 2 min read Industry NewsDMV Employee Created and Sold Fraudulent State Licenses
Former New Hampshire Department of Motor Vehicle employee Donna Rockholt was sentenced to eight to twenty-eight years in prison on bribery…
Nov 2, 2021 · 1 min read