Payments News

On The Web

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Risk & Fraud

Glowing reviews tout counterfeit cash on the dark web

“An analysis by Secret Service experts linked the fraudulent bills to thousands of others that had been passed with a total face value of $4.1 million. That made Billmaker the nation’s most prolific domestic counterfeiter. Britsch’s buy sparked a nine-month investigation into the murkiest corners of the dark web, where cyber-savvy criminals use online bazaars to anonymously […]
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Risk & Fraud

Fraud Allegations Put Wirecard’s Shy Billionaire CEO in the Spotlight

“In his 17 years as chief executive officer of Germany’s Wirecard AG, Markus Braun has gained plenty of experience fighting off skeptics and critics. But the stakes have never been this high, for Braun has taken this complex financial-plumbing operation with roots in pornography and online gaming into the most exclusive preserve of German business: […]
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Risk & Fraud

Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions — Krebs on Security

“A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. The missives are raising eyebrows because they were sent only to specific anti-money laundering contacts at credit unions, and many credit union sources say they suspect the non-public data may have been somehow obtained from the National Credit Union Administration (NCUA), […]
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Deals

M12-backed NsKnox raises $15 million for real-time payment fraud detection

“Payments fraud is on the rise, and not even corporate giants are immune. In April 2017, a U.S. Justice Department investigation revealed that Facebook and Google were the victims of a $100 million payment scam by an Asian supplier. And two years ago, transactions fraud hit a record high of 78 percent, according to a survey of close […]
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Risk & Fraud

New Breed of Fuel Pump Skimmer Uses SMS and Bluetooth — Krebs on Security

“Fraud investigators say they’ve uncovered a sophisticated new breed of credit card skimmers being installed at gas pumps that is capable of relaying stolen card data via mobile text message, thereby enabling fraudsters to collect it from anywhere in the world. One interesting component of this criminal innovation is a small cellphone and Bluetooth-enabled device […]
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On The Wires

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Domains

Ecommerce Revenue Protection Pioneer Riskified Releases Results From Its First Annual Online Shopping & Fraud Behavior Consumer Survey

“Riskified, the leading solution for eCommerce fraud prevention and revenue capture, today released its first annual Shopping and Fraud Behavior Report, which details the findings from a new consumer survey about online buying habits and reactions to credit card fraud. Riskified surveyed 5,000 US-based consumers aged 18 and older about their online shopping behaviors, experience […]