The criminal scheme is alleged to have started at the height of the pandemic, in June 2020 and continued to last July, said U.S. Attorney Alina Habba.

A finance official says Russia wants to be financially independent and aims to launch its stablecoins to fight sanctions.

Consumers lost $66 million to crypto ATM fraud in the first six months of 2024, the Federal Trade Commission said. The money ...

The STABLE Act sets strict federal rules for stablecoin issuers, requiring 1:1 reserves, banking licenses, and monthly audits ...

The trade finance industry has suffered a trio of ailments since the end of 2024 with the shuttering of three different ...

Pune: An Indian man based in the USA was duped of Rs 1.54 crore in a cypto currency investment fraud between Jan and April.

Lawmakers are taking a first step toward putting up new guardrails for cryptocurrencies. But as legislation goes, it’s a relatively modest step.

For Visa and rival Mastercard, fighting the explosion of fraud attempts is both a big expense–and an opportunity for profit. Visa’s Cyber Fusion Center in Ashburn, Virginia is so secure that ...

Javice's lawyer, Jose Baez, told the jury that JPMorgan knew what it was getting in the deal, accusing the bank of making up the fraud allegations because of buyer's remorse after regulatory ...

3. Implementation of the Positive Pay System (PPS) To combat banking fraud, the RBI has mandated the adoption of the Positive Pay System (PPS) by several banks. This system enhances security for ...

The Department for Work and Pensions (DWP) has announced that individuals claiming three specific benefits will be the initial focus of new bank account checks aimed at curbing fraud. Set to be ...

Charlie Javice, the founder of student loan application startup Frank that was purchased by JPMorgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the ...