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Tag: fraud

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AU10TIX ID verification suite/fraud monitor prevents $18B in fraud since 2021

April 23, 2024SSN Staff

TEL AVIV, Israel  – AU10TIX revealed that it has protected companies around the globe against over $18B in business fraud since the 2021 launch of its Serial Fraud Monitor (formerly INSTINCT) along with the company’s IDV (Identity Verification) Suite. AU10TIX said the impact of its multi-layered fraud prevention solutions is evident across multiple sectors, with significant savings realized in each industry. In the payments sector alone, AU10TIX's solutions have prevented...

AI-generated, AU10TIX, Dan Yerushalmi, fraud, identity verification (IDV)

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SEC Charges SolarWinds, CISO, with Fraud and Internal Control Failures


SEC charges SolarWinds, CISO with fraud and internal control failures

October 31, 2023SSN Staff

WASHINGTON, D.C. – The Securities and Exchange Commission (SEC) announced charges against software company SolarWinds and its chief information security officer (CISO), Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. A release from the SEC makes note of the complaint which alleges that, from at least its October 2018 initial public offering through at least its December 2020 announcement that it was the target...

chief information security officer (CISO), Cybersecurity, fraud, Gurbir S. Grewal, SolarWinds, supply chain attacks, Timothy G. Brown, U.S. Securities and Exchange Commission (SEC)

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Fingerprint engages in fraud prevention with launch of Smart Signals


Fingerprint engages in fraud prevention with launch of Smart Signals

June 6, 2023Ken Showers, Managing Editor

CHICAGO – Device intelligence platform Fingerprint has announced the launch of Fingerprint Pro Plus, featuring the company’s latest innovation and tools in fighting and preventing fraud. The innovation, named Smart Signals, provides real-time, actionable intelligence that builds on Fingerprint’s browser and device identification signals which more than 6,000 companies use for fraud prevention. With bad actors always working on new ways to conceal their identity, Fingerprint said...

Dan Pinto, Device intelligence, Fingerprint, fraud, Pierre Roudaut, Security, Smart Signals

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Also Noted

McGinn, Smith seek acquittal

March 1, 2013SSN Staff

ALBANY, N.Y.—Former Albany brokers Timothy McGinn and David Smith have filed motions asking a federal judge to overturn their convictions on fraud and tax evasion charges, according to an article from the Times Union, a newspaper based here. Formerly co-owners of the Albany brokerage firm McGinn, Smith & Co., the two were convicted Feb. 6 of defrauding dozens of investors. The pair contend that evidence presented by the government did not support the jury's decision after a month-long trial...

David Smith, fraud, McGinn, Smith & Co., tax evasion, Timothy McGinn

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New investment venture for two charged with fraud

October 28, 2010Tess Nacelewicz

ALBANY, N.Y.—Security alarm investors Timothy McGinn and David Smith—whom the SEC charged earlier this year with bilking investors of at least $80 million in a Ponzi scheme—are reportedly involved in a new investment venture. Their new business, Security Alarm Credit, has come under the SEC's radar. “We are aware of it and have alerted the court to it,” Andrew Calamari, associate director of the SEC's New York Regional Office, said Oct. 27. “But at the...

Anchor Alarm, Andrew Calamari, David Smith, fraud, Holloway Security Consulting, Jennifer Holloway, Mike Latty, Ponzi scheme, Security Alarm Credit, Timothy McGinn, U.S. Securities and Exchange Commission (SEC)

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