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So far oclfs has created 296 blog entries.

Cybercriminals take aim at financial institutions

Today’s cybercriminals employ high tech tools to break through the virtual walls of a bank to access sensitive customer information and valuable financial data, or steal money from customer accounts. Once inside those walls, the financial institution might not immediately know it, according to Tom Kellerman, founder and CEO with [...]

By |2019-11-25T05:16:14-06:00September 27th, 2019|Financial Services|0 Comments

FTC charges for laundering using bogus merchant accounts

On Aug. 7, the Federal Trade Commission announced it had charged 12 defendants with money laundering. The FTC alleges that these defendants laundered millions of dollars in credit card charges through fraudulent merchant accounts. According to the complaint filed by the FTC, the defendants arranged for a deceptive operation known as Money Now Funding (MNF) to obtain and maintain merchant accounts that allowed it to process almost $6 million through the credit card networks.

By |2019-11-25T05:23:22-06:00August 28th, 2017|Financial Services|0 Comments