A 360° view on tech world
A group of bipartisan lawmakers has called on the U.S. Postal Service to strengthen its internal processes to reduce change of address fraud, which each year allows fraudsters to redirect thousands of people’s mail, including bills, checks and bank statements. U.S. Congressman Josh Gottheimer (D-NJ, 5th) and other House lawmakers want USPS to make it […]
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Hatch Bank, a digital-first bank that provides infrastructure for fintech companies offering their own brand credit cards, confirmed hackers exploited a zero-day vulnerability in the company’s internal file transfer software that allowed access to thousands of customer Social Security numbers. The vulnerability in Fortra’s GoAnywhere file-transfer software came to light on February 2 after security […]
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If you recently made a purchase from an overseas online store selling knockoff clothes and goods, there’s a chance your credit card number and personal information were exposed. Since January 6, a database containing hundreds of thousands of unencrypted credit card numbers and corresponding cardholders’ information was spilling onto the open web. At the time it […]
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Immunefi’s Crypto Losses 2022 report found over $3.9 billion was ‘lost’ last year down 51.2% from 2021, when over $8 billion was stolen.
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An international police operation has dismantled an online spoofing service that allowed cybercriminals to impersonate trusted corporations to steal more than $120 million from victims. iSpoof, which now displays a message stating that it has been seized by the FBI and the U.S. Secret Service, offered “spoofing” services that enabled paying users to mask their […]
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Crypto “losses” from hacks and fraud continued to decline in the third quarter, Immunefi’s Crypto Losses Q3 report shows.
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As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told TechCrunch. That’s the thesis behind his startup, which uses behavioral, financial and device-specific user data to detect fraud on behalf of its clients in the crypto and fintech industries. Those conditions also mean […]
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The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a statement on Tuesday. It’s seeking a court order that would force Walmart to give money back to customers, on top of civil fines. In a brief response, Walmart described the […]
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Startups face many challenges, but one outsized one is having to navigate regulatory requirements that differ in each jurisdiction. Particularly when it comes to financial compliance, implementing solutions isn’t a walk in the park — or cheap. A recent Accenture survey found that nine in 10 companies expect evolving business, regulatory and customer demands to […]
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The U.S. Justice Department (DOJ) has seized over 94,000 bitcoins that were allegedly stolen in the 2016 hack of crypto exchange Bitfinex and arrested a married couple suspected to have laundered the money, the department announced today. The couple — Ilya Lichtenstein, 34, and Heather Morgan, 31 — faces charges of conspiring to launder money […]
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