Archive
Several Merchants Not Prepared for Holiday E-Commerce Fraud
E-commerce fraud can take action a few different ways, and even though the news mostly covers business concerns related to magnetic stripe security vulnerabilities related to card present transactions, online retail has its own particular concerns. Much like the case with the
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Fraud to Increase During Online Holiday Shopping
Holiday shopping is here and so is the growth in the gifts that no one wants, but we keep on receiving— which is fraud. New research from ACI Worldwide shows that cyber thieves will be increasing on the prowl to lift
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True Value International Fraud Awareness Week
Everyone wants to avoid being victim of fraud, but there’s an equally devastating scenario: being the organization responsible for protecting and securing customers’ personal data only to have a fraudster compromise it and use it for personal gain. Organizations that
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Deutsche Bank Broker Freed in $7B Tax Fraud Case
Former Deutsche Bank broker has been largely freed of the U.S. government’s charges against him in a reversal spurred by a juror with a colorful past, including allegations of punching a police officer and stealing a bag of shrimp while drunk. Former
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Maxim Sale Fraud Rages on as Felon Mislead Investors
Cerberus Capital Management unloaded Maxim magazine in late 2013, going down as possibly one of the most litigious divestments in publishing history. Lawyer Harvey Newkirk, formerly with the Bryan Cave firm, this week sits in the legal dock in Manhattan
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9 Companies Involved in New York Heating Oil Fraud Case
New York City officials reported 9 companies and 44 individuals being indicted after a long-term investigation into widespread fraud in the heating oil business. Manhattan District Attorney Cyrus R. Vance Jr. and other officials announced the indictments Tuesday. RELATED: Counterfeit Checks Tied
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Beware of Grandparents Scam
Grandparents scam, which targets an older person’s instincts to do whatever they can to help their children or grandchildren. One elderly man describes what happened when he was targeted: RELATED: Assembly Passes measures aimed at FoodShare, Unemployment fraud “The phone rang, I
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Counterfeit Checks Tied to Online Job Scam
Banks nationwide are being warned to watch for counterfeit cashier’s checks that resemble authentic ones from an Ohio bank. The checks are tied to an online employment scam. The First Federal Bank of Ohio in Galion reported that counterfeit cashier’s
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Assembly Passes measures aimed at FoodShare, Unemployment fraud
Republican lawmakers in the Assembly on Tuesday passed a slate of bills that seek to crack down on food stamp and unemployment fraud. The proposals aim to prevent FoodShare recipients from selling or sharing the program’s debit cards used to
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FIFA Fraud Investigation in ‘Money-Laundering’
Potential money-laundering offenses are under investigation in the UK related to Fifa corruption, according to The Serious Fraud Office. David Green, the director of the SFO, said that although the Bribery Act had been introduced too late to catch any offenses committed
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