fake accounts

Facebook Removes 2.2B Bogus Accounts
Facebook Removes 2.2B Bogus Accounts
May 23, 2019  |  Facebook

Social media giant Facebook said it removed 2.2 billion fake accounts in the first quarter of 2019, according to a report by Bloomberg. The statistics...

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Wells Fargo’s Corporate Banking Business Struggles To Bounce Back
Wells Fargo’s Corporate Banking Business Struggles To Bounce Back
March 28, 2019  |  B2B Payments

Wells Fargo’s corporate banking operations are struggling to bounce back as well as its consumer financial services have done in the wake of a fake...

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Facebook Lawsuit Goes After Sellers Of Fake Accounts
Facebook Lawsuit Goes After Sellers Of Fake Accounts
March 03, 2019  |  Facebook

To tackle “fraudulent activity” on its platform, Facebook and Instagram are suing four companies and individuals in China. The case is over the sale of...

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Signet Jewelers To Pay $11M After Creating Fake Accounts
Signet Jewelers To Pay $11M After Creating Fake Accounts
January 17, 2019  |  Retail

According to a settlement that was signed with a wholly owned subsidiary, Signet Jewelers Ltd. is to pay federal and state regulators penalties of $11 million for...

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Jumio: Why Online Love Doesn’t Have To Attract Fraudsters
Jumio: Why Online Love Doesn’t Have To Attract Fraudsters
December 12, 2018  |  Authentication

The prospect of love always carries with it the prospect of danger. One can interpret that many ways — philosophically, poetically, psychologically. Right now, though,...

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Warren Slams Wells Fargo Over Error-Riddled Refunds
Warren Slams Wells Fargo Over Error-Riddled Refunds
February 15, 2018  |  Security & Fraud

Wells Fargo is facing new scrutiny, this time over its failed attempts — riddled with errors — to repay its customers. According to The Wall Street Journal, Senator...

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OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
October 31, 2017  |  Regulation

In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when...

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Wells Fargo CEO Bullish On The Future
Wells Fargo CEO Bullish On The Future
October 19, 2017  |  Security & Fraud

Tim Sloan, Wells Fargo’s chief executive officer, believes the embattled bank will recover the growth it lost from its fake account scandal. In an interview...

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Wells Fargo Rehires Workers Fired In Fake Account Scandal
Wells Fargo Rehires Workers Fired In Fake Account Scandal
October 03, 2017  |  Security & Fraud

Wells Fargo, the embattled bank still reeling in the wake of a fake account scandal, has reportedly brought back more than 1,000 former employees, Reuters...

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