Pressured Bankers May Resort To Fraud For Scoring Profits
Fraud is nothing new in the financial sector, as this malpractice has been around since day one. The person responsible rot eh biggest fraud in UK history has warned …
Tag: Fraud
Two Punjab Men Arrested In Darknet Credit Card Fraud Scheme
Bitcoin and the darknet are like two peas in a pod these days, albeit that connections has not always been a positive one. Indian police officials arrested two residents …
ING Netherlands Will Use Big Data To Prevent Fraud
Fighting payment fraud is at the top of the priority list for nearly every financial institution around the world today. ING Netherlands is trying a different approach, as they …
Acer Data Breach Results In Unknown Number of Credit Card Details Stolen
June 18, 2016
News, Security, Technology
It appears as if the Acer online store has been hacked, and a lot of payment information has been stolen. Although very specific details are still wrapped in mystery …
Brazil Trumps US In Fight Against Payment Card Fraud
June 14, 2016
Finance, News, Security, Technology
When it comes to dealing with payment card transactions, fraud remains one of the key concerns for all retailers. Brazil has adapted to this challenge by introducing EMV payments …
US Card Issuers Lost US$10.9bn in Revenue In 2015
Fraud remains a critical flaw for the traditional payment system. According to a new report by LexisNexis Risk Solutions, US card issues alone lose US$10.9bn in revenue every year. …
A Centralized Blockchain Solution Will Not Solve Financial Fraud
Anyone who has been paying to the financial ecosystem over the past few months will have noticed how a lot of institutions are turning to the blockchain for additional …
Lending Club’s Founder and CEO Resigns
The Chief Executive Officer of Lending Club -a peer to peer lending/borrowing platform- resigned after a company’s press release uncovered a scheme allegedly perpetrated by the company’s chairman and …
Craig Wright is Not Satoshi
Craig Wright’s proof of being Bitcoin’s creator Satoshi Nakamoto is fraudulent as it was linked to a 2009 Bitcoin transaction. Furthermore, the way Mr. Wright keeps proving he is …