Fraud
Fraud
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After gaining access to On Q systems via vendor software, unknown parties were able to obtain and remove client personal information, including Social Security numbers.
April 4 -
Despite advancements in AI for transaction monitoring, financial institutions share little in the way of fraud data, undermining efforts to combat crimes including check fraud.
April 2 -
An ex-SVP and two managers from Primelending are facing a $35,000 fine for allegedly violating whistleblower protections, and the company is adding training.
April 1 -
Malicious actors could be utilizing the same software that cybersecurity experts use to test a company's systems for vulnerabilities.
March 18 -
An unnamed hacker in December "potentially removed" sensitive consumer data including Social Security numbers from the wholesale lender.
March 17 -
The attack is one of three major incidents the lender has suffered in the past three years.
March 12 -
The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
February 27 -
A report reveals Heartland Tri-State Bank's failure last year was due to its CEO being ensnared in a sophisticated investment scam that is taking more victims.
February 19 -
The New York-based firm said a hack last August compromised the personal identifiable information of 10,835 customers.
February 16 -
The accused, affiliated with Home Matters USA, reportedly took money from the victims and never delivered on the promised services.
February 15 -
The megabank failed to adequately protect and reimburse customers who were victims of wire-transfer fraud, according to a lawsuit by the New York Attorney General. Citi said that it follows all relevant laws and regulations.
January 30 -
Strategies used to falsify identities and property ownership highlight a public assistance vulnerability that could have implications for the mortgage industry.
January 30 -
The ransomware attack compromised the personally identifiable information of over 199,000 mortgage customers.
January 30 -
A little over 280,000 customers had their birth dates and Social Security numbers compromised during the cyber attack.
January 28 -
The lender didn't reveal whether the incident was related to a purported ransomware gang attack last March.
January 16 -
In a new filing with the Securities and Exchange Commission, the company attributed delayed transactions, loss of business to other providers and one-time expenses to reduced revenue but expected a limited effect on financial health.
January 16 -
Payments fraud is the most expensive kind, at $450B; anti-financial-crime execs are the most worried about real-time payments, a survey from Nasdaq and Oliver Wyman found.
January 16 -
The Federal Trade Commission became able to distribute more than $1.2 million after a legal battle in which a Supreme Court decision came into play.
January 11 -
The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.
January 10 -
Over one-quarter of consumers said they are open to making misstatements to get a house, while 60% gave an answer besides absolutely not when asked if they would follow advice to put in misleading information.
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