Fraud

June 29, 2016

Bank Reputation: Regionals Score Tops; Big Banks Improve

The reputation of the banking industry as a whole nudged up to 67.1 on a 100-point scale, helped by an improving economy. The score is just […]
June 17, 2016

Small Banks Band Together to Fight Fraud

As the song goes, “I get by with a little help from my friends.”  That sentiment is truer than ever for banks, particularly when it comes […]
May 4, 2016

FTC Obtains $13.4M Judgment in Financing Scheme

A federal court found BlueHippo Funding LLC, BlueHippo Capital LLC and Joseph Rensin in contempt for operating an allegedly deceptive computer financing scheme in violation of […]
April 28, 2016

Some Merchants See Decline in Fraud with EMV

The new chip-enabled cards flowing into the U.S. marketplace have already made a dent in fraud, with some of the biggest merchants seeing a dip of […]
April 27, 2016

Chip Cards Still Causing Frustration

U.S. Credit-card networks began pitching chip cards years ago to protect against counterfeits, and merchants were supposed to join banks and payment processors by Oct. 1, or face […]
April 21, 2016

Banks, Credit Unions Victims of $4M Cybertheft

Cyberthieves using malicious software discovered by IBM Security have stolen $4 million from business customers of two dozen financial services providers this month, according to IBM. […]
April 19, 2016

Lenders Need to Prepare for Cyber Attacks

The sudden ordinariness of corporate data breaches has led to feelings of helplessness inside the financial industry.  That sense of despair is apt to be particularly […]
April 6, 2016

Can Banks Become Unphishable?

In a warning issued this week, the FBI said it’s seen a 270% increase in identified victims and exposed losses due to business email compromise since […]
March 25, 2016

Collector Accused of Stealing $1M in Debts

Alan Ceccarelli, a Buffalo, N.Y.-based debt collector, allegedly misled and coerced thousands of people into paying debts they possibly didn’t owe, according to a 41-count grand […]