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Thursday, jun 4
Tag:
Fraud Prevention
News
Data Breach Exposed 57K NJ Healthcare System Patients' Info, Lawsuits Say
Cooper Health System is facing a wave of legal woes after revealing a data breach that may have exposed the personal and medical information of more than 57,000 people, according to legal filings and the health care system itself. Two lawsuits, one in federal court and one in New Jersey Superior Court, were filed this week by patients who say the breach was the result of Cooper's “negligence” and “failure to protect sensitive data.” According to a notice posted by Cooper on May 23, the hospital learned that an unauthorized actor had accessed private data on or around May 14, 2024. Coop…
Business
Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money
Zelle has officially ended payments through its standalone app. A notice appeared in the Zelle app on Wednesday, April 2, telling users that they could no longer use the app to send or receive money. Those who still have the app can still log in to view their transaction history, but transfers are no longer supported. Zelle said it had about 151 million users in 2024, with people and businesses sending more than $1 trillion. "This app is no longer available for sending and receiving money," the notice said. "You will be able to log in until August 11, 2025, but not send…
News
Don't Fall For This Fake Email Scam, Feds Warn
A new scam is targeting people with a fake email and officials are urging the public to stay vigilant. The Social Security Administration (SSA) Office of the Inspector General (OIG) has issued the warning about fraudulent emails impersonating the agency. These emails, which carry the subject line “Claim Benefits!”, falsely claim that recipients must apply for their 2025 Social Security benefits through a provided link. How Scam Works The scam email appears to come from SSA and directs users to a fake website disguised to look like SSA’s official page. However, clicking on the link l…
Business
USPS Redesigns Money Orders: How New Security Elements Will Fight Fraud
The U.S. Postal Service is redesigning its money orders to include advanced security elements for combatting counterfeits and fraud, officials said. The USPS will debut the new money orders in February, the agency said in a news release on Wednesday, Jan. 22. The redesigned orders will be red, white, and blue with an updated bank routing number. To enhance protection, the redesign incorporates watermarks, a security thread, and a QR code directing users to the USPS website. Additional security features remain undisclosed to further deter fraudulent activities. The current "legacy" des…
Business
Cash App Users To Get Refunds In $175M Order As Feds Target Fraud
Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on the payment platform, officials said. The Consumer Financial Protection Bureau ordered Block to refund up to $120 million to users harmed by fraud, the federal agency said in a news release on Thursday, Jan. 16. The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB’s victims relief fund. The CFPB found that Block failed to properly investigate unauthorized transactions and deprived users of…
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