fake accounts

Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
November 16, 2023  |  Bank Regulation

Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. Regulators have issued formal orders to Wells Fargo, instructing the bank...

READ MORE >
DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake Accounts
DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake Accounts
September 03, 2023  |  Legal

Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation...

READ MORE >
Report: LinkedIn Flooded With Fake CISO Profiles
Report: LinkedIn Flooded With Fake CISO Profiles
September 30, 2022  |  Cybersecurity

LinkedIn has been targeted with a wave of fake profiles for chief information security officer (CISO) positions at the world’s biggest companies. As Brian Krebs...

READ MORE >
Twitter CEO, Musk Disagree Over Amount of Spam Bots on Platform
Twitter CEO, Musk Disagree Over Amount of Spam Bots on Platform
May 16, 2022  |  Mobile Applications

Billionaire Elon Musk has had a spat with Twitter CEO Parag Agrawal over spam bots, Bloomberg reported Monday (May 16). Musk, who could be the...

READ MORE >
Lawsuit Says Facebook Officials Knew About Ad Metric Issues And Did Nothing
Lawsuit Says Facebook Officials Knew About Ad Metric Issues And Did Nothing
March 22, 2020  |  Facebook

Facebook is under fire in a new set of documents in a lawsuit, which allege the company knew for years that paid advertising services on...

READ MORE >
Fifth Third Faces CFPB Probe Over Fake Accounts
Fifth Third Faces CFPB Probe Over Fake Accounts
March 04, 2020  |  Bank Regulation

Fifth Third Bank said it’s facing enforcement action from the Consumer Financial Protection Bureau (CFPB) over alleged openings of unauthorized accounts. The CFPB said it...

READ MORE >
Wells Faces Continued Scrutiny After Scandals
Wells Faces Continued Scrutiny After Scandals
January 24, 2020  |  Bank Regulation

Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are...

READ MORE >
New Facebook AI Doubles Detection Of Fake Accounts
New Facebook AI Doubles Detection Of Fake Accounts
December 13, 2019  |  Security & Fraud

Facebook has been using a new type of artificial intelligence (AI) to identify and delete hundreds of millions of fake accounts, according to a report...

READ MORE >
Bitcoin Daily: QuadrigaCX Co-Founder Made Fake Accounts; Swede Faces Extradition In Scam
Bitcoin Daily: QuadrigaCX Co-Founder Made Fake Accounts; Swede Faces Extradition In Scam
June 21, 2019  |  Bitcoin

A Swedish man has been charged with securities fraud, wire fraud, and money laundering in connection with a bitcoin scam that defrauded more than 3,500...

READ MORE >