Fraud Investigator Facing 14 Fraud-Related Charges
Could This Real-Time Fraud Detection and Prevention System Have Stopped Him? Steven Knigge, a retired fraud investigator with the South Dakota Department of Revenue, is facing fraud-related [...]
$1.2 Million Insider Fraud Alleged At Pennsylvania Credit Union
Two New Columbia Pennsylvania residents were indicted on charges of insider fraud against Nu Community Credit Union and its members out of $1.2 million over the course of several years. The duo, [...]
Bank Identification Number (BIN) Attacks How to Detect and Prevent Them
There are various ways fraudsters can get someone’s credit card information nowadays. Since most transactions are done digitally, financial institutions are becoming more alarmed about these [...]
This PII and Bank Fraudster is Looking at a Possible 120 Years Behind Bars
Following a five-day bench trial, Olayinka Peter Olaseinde of Rhode Island was convicted of a bank fraud conspiracy targeting financial institutions, businesses and private individuals. His [...]
$12 Million Fraudster Who Targeted Banks and Credit Unions Sentenced
Christopher A. Montalbano of Vestavia, AL, has been sentenced to 180 months (15 years) imprisonment for his role in a massive bank and credit union fraud scheme. In addition to his sentence, [...]
Debit Card Holders Victimized by BIN Attack
Bank and Credit Union fraud teams should be on the lookout for the rise in Bank Identification Number (BIN) Attacks. Fraudsters are using a new technology that allows them to “decrypt” bank/debit [...]