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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter. That requested change was not entirely verified by town personnel, reports said, and the wire transfer information was later confirmed to not be related to the real supplier. According to local Kentucky Today reports, $1.5

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Hacker Tracker: Identity Fraud On The Rise

PYMNTS

percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. From October 2013 through December 2016, a new report from the FBI suggests cybercriminals used business email compromise (BEC) scams to try and steal some $5.3 million in the U.S. billion across organizations.

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Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers

PYMNTS

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. Park is being charged by the U.S.

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Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

And after a brief dip in 2010 and 2011, the increase continued until it peaked in 2014, according to Financial Fraud Action UK. 2016, according to the FBI. billion, the FBI reported. That’s agnostic to whether it gets realized as a wire or ACH transaction,” Rojas said. 2013 and Feb. The cost of such attacks?

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Moumen pled guilty to charges of wire fraud on May 12, 2017. Total Funding: $490M. The Outcome.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

The San Francisco startup, which was co-founded by Sunil Paul in 2011 and says it has raised $39 million in financing, cited a capital disadvantage to its competitors for the reversal. ” via Wired. via Content Wire. That way, Aereo could avoid paying retransmission fees for broadcasters’ content. Company: Beyond The Rack.