A computer programmer working for the Federal Reserve Bank of New York recently pleaded guilty to theft of government property after stealing proprietary code from the Government-Wide Accounting and Reporting Program software. Read More
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ACFE Reports on Detecting, Preventing Workplace Fraud
A recent survey and report from the Association of Certified Fraud Examiners focused on fraud occurring at the workplace. The study provided recommendations on detecting workplace fraud and found that employee misconduct costs companies an estimated 5 percent of revenue annually. Read More
DMV Employee Created and Sold Fraudulent State Licenses
Former New Hampshire Department of Motor Vehicle employee Donna Rockholt was sentenced to eight to twenty-eight years in prison on bribery and theft charges after creating fraudulent driver’s licenses for cash bribes. Read More
Retail Clerk Opened Store Credit Cards with Stolen Identities
Two Louisiana residents were arrested and charged with multiple accounts of fraud and identity theft after a retail clerk used stolen identity information to open store credit cards at work while her accomplice used these new accounts to purchase Visa prepaid cards. Read More
Consumer Financial Protection Bureau Prepares Prepaid Card Regulations
In late May the Consumer Financial Protection Bureau announced they will soon formalize regulations for prepaid cards to better protect consumers. The agency is accepting comments related to prepaid cards and plans to release a final proposal for new regulations in 2013. Read More
New and Pending Legislation and Regulations Affecting eCommerce
Both the United States and European Union have been actively pursuing new regulations and legislation related to consumer privacy issues, data breach and data security, as well as investigations into competitive pricing and antitrust concerns. Consumer privacy regulations have also expanded in Latin America and Asia-Pacific over recent years. The Fraud Practice provides a summary of
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Proposed Bills Prevent Employers from Requiring Access to Private Accounts
In recent years it has become more common for employers to require job applicants and current employees to provide their passwords for social networking sites so their accounts can be screened. The newly proposed Password Protection Act, however, aims to put a stop to this practice as a condition of employment. Read More
Senate Holds Hearing on Consumer Privacy Bill of Rights
On May 9 the U.S. Senate held a discussion on the proposed Consumer Privacy Bill of Rights which seeks to establish the framework for legislation that will require transparency and individual control on what personal data companies collect from consumers online and how it is used. Read More
FTC Charges Google, Myspace with Internet Privacy Violations
The Federal Trade Commission has accused the social networking website Myspace of providing user data to third parties without user consent while Google will likely receive the first ever FTC fine for Internet privacy violations after planting cookies that bypassed Apple’s Safari web browser’s privacy settings. Read More
Netherlands First to adopt Net Neutrality Laws in EU; US Senator Calls for Net Neutrality Investigation
The Netherlands recently passed net neutrality legislation becoming the first country in the European Union to do so and only the second nation in the world. In the United States, a major broadband provider’s practices come under scrutiny by a U.S. Senator calling for further investigation. Read More
