PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years. billion in 2019.

Business Email Compromise 56

Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

MARCH 10, 2020

service, which lets hackers advertise and sell stolen information, has been arrested by the FBI, according to published reports Tuesday (March 10). It is allegedly used for cybercrime, according to the FBI. The FBI said it had reviewed more than 250 stores on Deer.io regularly, the FBI said.

FBI 53

FBI Law Enforcement Breach Laws 53

PYMNTS

DECEMBER 2, 2019

The Federal Bureau of Investigation (FBI) has issued a warning about mobile apps developed in Russia, saying they could be a “ potential counterintelligence threat.” Senate Minority Leader Chuck Schumer called for the FBI and the Federal Trade Commission to conduct national security reviews on the app. Petersburg-based Wireless Lab.

FBI 52

FBI Federal Trade Commission Government Governance 52

PYMNTS

SEPTEMBER 8, 2017

The probe, led by the New York office of the Federal Bureau of Investigation (FBI) and the Manhattan U.S. The Wall Street Journal reported on the investigation, citing sources familiar with the process. We are cooperating with the SDNY investigation,” said an Uber spokesman, referring to New York’s Southern District.

FBI 55

FBI Privacy Laws Authorization 55

PYMNTS

MARCH 11, 2016

The feud between Apple and the FBI has turned hostile, with the government agency calling out Apple’s actions as false and corrosive to the very system meant to protect rights. The debate began when the FBI demanded Apple to unlock the iPhone of one of the two San Bernardino shooters.

FBI 46

FBI Technology On-Demand Government 46

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

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

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 Cybersecurity 41

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

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

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

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

VISTA InfoSec

JUNE 21, 2023

Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. Who you report the breach to can depend on the type of company and the scale of the impact.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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 FBI Treasury 90

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 4, 2016

“It would be better to work this out than have a law written.” As Apple and the FBI continue to seek appeals to court orders that support one side and sandbag the other, Carter’s conciliatory tone marked a departure from the only stance yet heard from the federal government pressuring SV companies: comply, or else.

FBI 40

FBI Consulting Laws CHIPS 40

PYMNTS

JULY 30, 2019

The company said it discovered July 19 that there was unauthorized access and fixed the configuration vulnerability, then immediately notified federal law enforcement. The bank says it does not appear that the hacker had used the stolen information for fraudulent purposes, but investigators will continue to look into it.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

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.”. It “brought the investigation to the attention of U.S.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

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

PYMNTS

JUNE 19, 2017

But those regulations may be doing more harm than good, since they’re also keeping vigilante security consultants from doing business to protect their law-abiding clients from those same cybercriminals. Even the FBI has said that paying ransom is sometimes the smarter thing to do.

Bitcoin 75

Bitcoin Regulations Money Laundering FBI 75

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

JUNE 23, 2020

Rupprecht Podszun at the Institute for Competition Law at Heinrich Heine University in Duesseldorf said the court wanted to “tame the tech giants and to stop the build-up of economic power through integration of data to ‘super profiles’,” according to Reuters. Securities and Exchange Commission.

FBI 83

FBI Rules Regulations Laws 83

PYMNTS

MAY 21, 2019

That vetting process would be put in motion by powers granted to the Comptroller of the Currency, Joseph Otting, who said last week he would use a rather obscure law that would allow scrutiny of the CEO candidate. The difficulty was upped to 10.”. The screening process could take up to 90 days.

Money Laundering 61

Money Laundering FBI Laws Regulations 61

PYMNTS

JULY 20, 2018

The total value of funds redirected as a result of a BEC scam has now topped $12 billion, the FBI said, updating previous warnings of the scam and including data up to May 2018. According to the FBI, the Internet Crime Complaint Center (IC3) recorded 41,048 U.S. billion in losses.

Scams 43

Scams Business Email Compromise FBI Email Compromise 43

PYMNTS

MARCH 23, 2020

This is a moment that a lot of hackers across the world have been preparing for,” said Brian Finch, partner at Pillsbury law firm and co-leader of the company’s coronavirus response team, in are recent Compliance Week report. This is an opportunity to conduct pretty robust cyber-espionage, if not cyber-hostage taking.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

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

MARCH 23, 2016

While some of the activity sought to harm the economic and national security of the United States in the name of Syria, these detailed allegations reveal that the members also used extortion to try to line their own pockets at the expense of law-abiding people all over the world.

Money Laundering 40

Money Laundering FBI Phishing Government 40

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

JULY 29, 2019

The company revealed Monday (July 29) 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. Thompson, on a charge of computer fraud and abuse.

Credit Cards 46

Credit Cards Caps FBI Social Security 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

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

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

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

APRIL 7, 2016

The Apple-FBI encryption saga appears to be tempered — for now — but the debate about what role the federal government has on the subject is just getting started. What this means is that those battles between the DOJ, other law enforcement officials and the tech companies like Apple will likely continue.

Encryption 40

Encryption Law Enforcement FBI Laws 40

PYMNTS

MARCH 1, 2016

29) that could set precedent for the company’s ongoing battle with the FBI in the San Bernardino iPhone case. In a 50-page ruling, Judge James Orenstein referenced the 1789 statue known as All Write Act, which has been the same one that Apple’s legal team has used as to why they think the FBI’s request should be tossed.

Privacy 40

Privacy FBI Government Governance 40

PYMNTS

APRIL 30, 2019

In a letter to California’s attorney general, the virtualization and security software creator revealed the hackers had “intermittent access” to its internal network from October 13, 2018 until March 8, 2019, two days after the FBI alerted the company that it had been breached.

FBI 46

FBI Breach Data Breach Social Security 46