Account takeover fraud in the financial services industry is declining in contrast with other industries such as retail and hospitality. Researchers at Human Security attribute the nearly 50% reduction to one of the basic controls in cybersecurity: multifactor authentication. Human Security, which blocked more than 352 billion attempts at account...

Account Takeover Fraud Declines in Financial Services

PYMNTS

Three federal bank regulatory agencies said Thursday (July 25) that they are considering “additional steps” to ensure banks effectively manage risks associated with bank-FinTech arrangements. The agencies said this as they released a joint statement about banks’ third-party deposit arrangements and issued a request for information on bank-FinTech...

Bank Regulatory Agencies Considering ‘Additional Steps’ to Govern Bank-FinTech Arrangements

As younger and affluent consumers drive the trend, open banking payments stand on the verge of widespread acceptance. This payment method, which allows users to complete transactions directly from their bank accounts using familiar online banking credentials, offers a streamlined alternative to traditional methods by bypassing credit card details. Yet,...

46% of US Consumers Say They’re Ready for Open Banking

Dallas, TX

The US Sun

ANGRY customers are demanding compensation after news of AT&T's data breach emerged last week. A lawsuit filed against the Dallas-based telecommunications company last Friday night, July 12, alleges that AT&T was not transparent about the severity of the breach and did not safeguard important customer data. Over 100 million customers...

100 million AT&T customers fight for one-time payment and settlement after breach exposed six months of call logs

Florida State

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Akeena

Wow, that's a tough situation for UKG employees in Florida. Imagine gearing up for a holiday weekend and then getting blindsided with news of massive layoffs. It's not just the number—2,200 employees, which is 14% of their workforce—but also how abruptly it was done, right before the Fourth of July.

Thousands of workers in Florida laid off by a major company

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Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

USA TODAY

AT&T said Friday the call and text message records of nearly all of its cellular customers were exposed in a data breach. Here's what we know.

How to know if you were affected by the AT&T data breach and what to do next

California State

Reuters

(Reuters) - California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process, the agency's technology partners exclusively told Reuters on Tuesday.

California DMV puts 42 million car titles on blockchain to fight fraud

Virginia State

Cheryl E Preston

Wendy's birthday was spent away from her loved ones. Virginia Wendy Williams fans, the latest update is not encouraging. The former talk show host turned 60 on July 18 without any of her loved ones around. According to Yahoo, family members remain "out of bounds" and have no access to Wendy as she battles dementia and progressive aphasia.

The family of talk show diva Wendy Williams were unable to celebrate her 60th birthday by her side

Fox News

AT&A announced a data breach that affected nearly all of the company's cellular customers, raising serious concerns about customer privacy and security.

Here's what ruthless hackers stole from 130M AT&T customers

Texas State

Meta Platforms agreed to dole out $1.4 billion to settle a Texas lawsuit that alleged the company used facial-recognition technology illegally to collect biometric data on millions of state residents without their consent. The state of Texas, using law firm Keller Postman, filed the suit in 2022 under the state’s...

Meta’s $1.4B Texas Settlement Highlights Facial Recognition Risks

Charisma reveals that Megachurch pastor Joel Osteen has been criticized again for what are considered to be insensitive comments. On his Twitter/X account, the Texas preacher said the following.

Virginia ministers weigh in on Joel Osteen's comments about blessings

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Newark, NJ

Paterson, NJ

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

Austin, TX

The Next-Generation Microelectronics Manufacturing program, known as NGMM, aims to unlock accessible prototyping for the chips of tomorrow with a new agreement to establish the first-ever national center for advancing U.S.-based microelectronics manufacturing. DARPA will work with the University of Texas at Austin and its existing Texas Institute for Electronics...

DARPA Establishing National Center for Advancing U.S.-Based Microelectronics Manufacturing

The HD Post

CALIFORNIA – A month after Big Lots released its Quarter 1 results reporting a net loss of $205.0 million, or $6.99 per share, the company website shows 54 stores closing in California with a 20% off sale.

List of 54 Big Lots stores closing in California with 20% off sale

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

Savannah, GA

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Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

Sam Westreich, PhD

It’s not humans. How a survivor of a super-extinction repopulated our planet. There are more than 8 billion humans alive at this moment on Earth (unless something has gone horribly wrong). But humans aren’t the only dominant mammals.

For Millions of Years, Earth Was Dominated by a Single Vertebrate Genus

NewsBreak

UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten...

UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future

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