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What is transaction laundering and what is the Industry doing about it?
Transaction laundering has quickly evolved into one of the payment industry’s most prominent and most difficult problems. Transaction laundering — also previously known as “undisclosed aggregation” or “factoring” — occurs when a merchant processes unknown transactions on behalf of another business. This hidden business is often engaged in prohibited activities, and the “front” merchant may [...]
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Dark Web Market Price Index
That scammers are buying and selling your stolen personal info on the dark web and it’s not just credit card details is not new. However, with hacked dating profiles, streaming services, even Deliveroo accounts for sale, Top10vpn.com created the Dark Web Market Price Index to monitor this illicit trade. Your entire online identity could be [...]
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Consumers at risk as mobile banking Trojans threaten worldwide
Consumers around the world that use mobile banking apps are at a greater risk of being tricked by cybercriminals and falling victim to mobile banking Trojans. This is according to new global research from Avast, which asked almost 40,000 consumers in 12 countries around the world to compare the authenticity of official and counterfeit banking [...]
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Faster payments equal real-time fraud – the Zelle story
There has been an increasing amount of fraud perpetrated against Zelle, the mobile P2P platform running on faster payments rails and backed by the biggest banks in the US. The scam itself is straightforward, a Craigslist user reaches out to a seller on the marketplace to buy something like concert tickets. The seller, in turn, asks the [...]
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The cryptocurrency revolution has barely begun – viva la blockchain
Upset that you missed the boat on the cryptocurrency craze last year? Millionaires were minted overnight as bitcoin returned 1,700% in 2017, only to see prices crash by more than half since December. The bubble seems to have popped, and not everyone got out in time. While we may be past the peak temporarily, the [...]
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