All articles tagged with #bank accounts
Originally Published 4 months ago — by Yahoo News Malaysia
The FBI and cybersecurity experts warn of a sophisticated 3-phase scam called 'Phantom Hacker' that has stolen over $1 billion from Americans, mainly targeting seniors, by using impersonation, social engineering, and fake government communications to trick victims into transferring their funds.
Originally Published 4 months ago — by Yahoo News Canada
The FBI and cybersecurity experts warn of a sophisticated 3-phase scam called 'Phantom Hacker' that has stolen over $1 billion from Americans, mainly targeting seniors, by using impersonation, social engineering, and fake government communications to trick victims into transferring their funds.
Originally Published 5 months ago — by Bloomberg.com
JPMorgan Chase and Coinbase are partnering to directly link bank accounts to crypto wallets, bypassing traditional data aggregators, with plans to launch next year, amid ongoing regulatory and industry shifts.
Originally Published 6 months ago — by Reuters
The Gaza Humanitarian Foundation (GHF), backed by the US and Israel, attempted to open bank accounts in Switzerland with UBS and Goldman Sachs but was declined due to compliance and transparency issues. GHF has since shifted its operations to the US, where it maintains a bank account with JPMorgan, amid scrutiny and internal challenges, including the resignation of its executive director and difficulties in establishing a Swiss presence.
Originally Published 7 months ago — by Rolling Stone
Sean Combs' trial involves serious allegations including sex trafficking and racketeering, with key testimonies from alleged victims and evidence such as audio recordings and financial records. The defense has filed a second motion for mistrial, citing alleged false testimony and misconduct. The trial also reveals insights into Combs' financial dealings and personal relationships, with potential for a verdict in the coming weeks.
Originally Published 1 year ago — by NBC News
India's main opposition party, the Congress party, accused Prime Minister Narendra Modi's government of stifling democracy and crippling the party by freezing its bank accounts in a tax dispute ahead of national elections. The BJP rejected the allegations, stating that the Congress party's bank accounts were partially frozen due to failure to file an income tax return for cash donations. The Congress party's treasurer said the party had received significant donations and that income tax authorities had imposed a lien and confiscated a substantial amount. The Supreme Court is scheduled to take up the Congress party's complaint early next month, and voting in India will stretch over seven phases, with results announced on June 4.
Originally Published 1 year ago — by 9to5Mac
A new trojan called GoldDigger is targeting iOS users to steal sensitive data, including facial recognition data, ID documents, and SMS, which can be used to create deepfakes and gain access to victims’ bank accounts. The trojan was initially distributed through Apple’s TestFlight and later through a Mobile Device Management profile. While it mainly targets users in Vietnam and Thailand, it poses a threat to users worldwide. Apple has been informed about the trojan, and users are advised to avoid installing apps from untrusted sources.
Originally Published 2 years ago — by Daily Mail
A thief named Aaron Johnson has revealed how he stole over $300,000 from strangers' bank accounts by hacking into their iPhones. Johnson would befriend young people at bars, watch them enter their passcodes, and then steal their phones. He would change the passwords, lock the victims out of their Apple IDs, and enroll his own face into the Face ID. This gave him access to the phone's password keychain, where he found banking app credentials. Johnson and his accomplices drained thousands of dollars from the victims' accounts before they even realized their phones were missing. Apple has since launched a new setting called Stolen Device Protection to prevent cyber-criminals from locking iPhone users out of their accounts or accessing their passwords.
Originally Published 2 years ago — by Yahoo Finance
The Federal Reserve's decision to pause rate hikes will provide a temporary relief for savers and borrowers, as interest rates are expected to remain steady. Checking and savings accounts will likely maintain their current interest rates, while high-yield savings accounts and money market accounts may see slight increases. Certificates of deposit (CDs) have become more lucrative with rising rates, and a CD ladder strategy can help maximize returns. On the other hand, borrowers can expect higher interest rates on personal loans and student loans, while home loan rates may gradually decrease if inflation eases. Credit card interest rates have already risen during the rate-raising cycle and are likely to remain high, so paying off credit card debt should be prioritized.
Originally Published 2 years ago — by Business Insider
Check fraud has been on the rise since 2020, with stimulus checks becoming a target. Banks reported 680,000 cases of check fraud in 2022, up from 350,000 in 2021. The US Postal Inspection Service also reported roughly 300,000 complaints of mail theft in 2021. Scammers are using sophisticated, multi-person schemes to steal checks and drain bank accounts. Postal authorities and bank officials are warning Americans to avoid mailing checks if possible, or at least to use a secure mail drop such as inside the post office.
Originally Published 2 years ago — by Reuters
Bank records show that a senior Binance executive, Guangying Chen, controlled five bank accounts belonging to Binance.US, the purportedly independent US affiliate of the cryptocurrency exchange, including an account that held American customers' funds. This allowed Chen and her team to move funds held in the bank accounts, and employees at Binance.US had to ask Chen's team to process payments, even to cover the firm's payroll. Binance.US has denied that Binance ever operated its bank accounts, but the new findings offer further detail into how Binance exercised tight control over Binance.US, despite both firms maintaining that they have always operated independently.
Originally Published 2 years ago — by CNET
The Consumer Financial Protection Bureau (CFPB) has warned that digital payment apps like Cash App, PayPal, and Venmo pose a financial risk to consumers as the money stored on these apps may not be held in accounts with federal deposit insurance. This means that if there's a financial crisis, users could lose their funds. The CFPB also noted that these apps lack the same regulatory oversight as insured banks or credit unions, and their user agreements tend to lack clarity and specifics about how they handle users' money. The agency advises consumers to consider keeping their money in a high-yield savings account insured by the Federal Deposit Insurance Corp.
Originally Published 2 years ago — by Reuters.com
The Kremlin has said that the decision to freeze the bank accounts of Finnish embassies and consulates in Russia was a response to what it called the unfriendly acts of "the collective West", including Finland. Russian embassies across Europe have had problems with their bank accounts since, and in some cases have had funds confiscated to punish Moscow for its actions in Ukraine.
Originally Published 2 years ago — by The Moscow Times
Russia has frozen the bank accounts of Finland's embassy in Moscow and consulate in St. Petersburg, according to Finland's Foreign Minister Pekka Haavisto. The reason for the freeze is unclear, but Haavisto suggested that it may be related to EU sanctions on financial transactions. Finland has not frozen the accounts of Russian diplomatic missions in Finland. The freeze coincided with the seizure of control of Finnish state-owned utility Fortum's Russian subsidiary by Moscow. Finnish representatives have been able to operate normally in Russia so far, but the situation may require new solutions if it continues for a long time.
Originally Published 2 years ago — by The US Sun
Google has listed seven pieces of information that it would never ask for in an email, including usernames and passwords, social security numbers, bank account numbers, PINs, credit card numbers, mother's maiden name, and birthday. If you receive an email asking for any of this information, it's likely a scam. If you've already handed over any of this information, you may already be a victim of a bank-raid attack and should check for fraudulent transactions and suspicious activity on your accounts.