FTX"s Nishad Singh pleads guilty to fraud charges
Former FTX engineer says he is 'unbelievably sorry' for his role in the alleged crypto scheme......»»
US dodges delay of Sam Bankman-Fried’s sentencing by dropping second trial
SBF's sentencing remains scheduled for March 28. Enlarge (credit: TIMOTHY A. CLARY / Contributor | AFP) After FTX co-founder Sam Bankman-Fried was convicted of seven charges related to wire fraud and money laundering in.....»»
Disgraced Nikola founder Trevor Milton gets 4-year sentence for lying about EVs
Prosecutors had asked for a heavier sentence to deter future fraud. Enlarge / Trevor Milton, founder of Nikola Corp., arrives at court in New York on Monday, Dec. 18, 2023. Milton is set to be sentenced on Monday after being foun.....»»
Nikola founder Trevor Milton sentenced to 4 years in U.S. prison for fraud
Prosecutors had sought a sentence “in line” with the 11 years recommended by probation officials, saying a lengthy term of incarceration was needed both to punish Milton and deter other corporate executives from similar misconduct......»»
Visa Provisioning Intelligence predicts probability of token fraud
Visa launched Visa Provisioning Intelligence (VPI), an AI-based product designed to combat token fraud at its source. Available as a value-added service for clients, VPI uses machine learning to rate the likelihood of fraud for token provisioning req.....»»
Woman falsely accused of fraud sues McGrath Kia, bank and police in Chicago suburb
Sade Crockett, an African-American woman, is suing McGrath Kia for allegedly violating her 14th Amendment rights and Illinois state law, and for negligence......»»
Report: Apple offers to open up Apple Pay NFC system on iPhone to appease EU regulators
Apple has offered to open up the iPhone NFC system that Apple Pay uses, in response to an ongoing EU antitrust investigation, according to a report this morning from Reuters. In lieu of being served with formal EU antitrust charges, Apple’s offe.....»»
DataVisor integrates SMS customer verification into its platform
DataVisor announced the expansion of its end-to-end platform capabilities with the integration of SMS customer verification for fraudulent transactions. This new offering, powered by Twilio technology, provides customers with enhanced fraud protectio.....»»
As Scout charges ahead, timeline comes into focus as Q3 debut looms
The Volkswagen Group-owned EV brand is still set to launch production in late 2026 and will initially focus on its SUV, with a pickup to follow......»»
Trustmi Certify provides protection against business payment fraud
Trustmi released Trustmi Certify, a critical innovation in its new solution for bank account validation. Businesses can now benefit from Trustmi’s holistic approach to bank account validation that accurately verifies the account and provides full p.....»»
Ex-Apple lawyer guilty of insider trading gets a slap on the wrist, avoids prison
Gene Levoff was in charge of policing insider trading at Apple while he performed the illegal act in the background, but got off easy with four years of probation.Gene Levoff. Source: BloombergIn 2018, Apple's director of corporate law, who is partia.....»»
HireRight Global ID enables employers to remotely verify their candidates’ identity documents
HireRight launched its new global identity verification solution, Global ID. With identity theft and fraud on the rise—and many employees being onboarded and working remotely—it is arguably more important than ever to verify candidates’ identit.....»»
Daon xSentinel minimizes generative AI voice fraud
Daon announced the addition of xSentinel, an expansion of its AI.X technology. xSentinel provides adaptive synthetic voice protection to create a layer of defense within any voice communication channel and enhance the identity verification technologi.....»»
Diamonds and rust help unveil "impossible" quasi-particles
Researchers have discovered magnetic monopoles—isolated magnetic charges—in a material closely related to rust, a result that could be used to power greener and faster computing technologies......»»
Tesla introduces ‘congestion fee’ for Supercharger stations
Tesla already charges idle fees for fully charged cars at busy Supercharger stations, but the new congestion fee kicks in more quickly......»»
Tesla brings in ‘congestion fee’ for Supercharger stations
Tesla already charges idle fees for fully charged cars at busy Supercharger stations, but the new congestion fee kicks in more quickly......»»
Cybercriminals turn to ready-made bots for quick attacks
Bots and human fraud farms were responsible for billions of attacks in the H1 of 2023 and into Q3, according to Arkose Labs. These attacks comprised 73% of all website and app traffic measured. In other words, almost three-quarters of traffic to digi.....»»
Former Big Red Dealerships controller, compliance officer sentenced in auto lender fraud case
The two co-conspirators in the Big Red Dealerships scheme to defraud car lenders have each been sentenced in the case, one receiving nearly two years in prison and the other nearly three years......»»
Binance chief Changpeng Zhao pleads guilty to money laundering charges
Changpeng Zhao will also step down as chief executive of the world's largest crypto-exchange......»»
Apple Music fraud falls by 30% after beefing up protections
Apple Music fraud has fallen by 30% in the past year, says a new report, after the company implemented stronger protection against so-called streaming manipulation. The most obvious example of streaming fraud is where a musician uses a network of.....»»
Sigma Synthetic Fraud v4 uncovers multiplex synthetic-specific features
Socure has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network feedback data to uncover patterns linked to insidious synthetic identity fraud. The Deloitte Center for Financial Services e.....»»