money transfer

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Only One Person on Costly Video Call Wasn't a Deepfake

Unnamed company out $25M after worker in Hong Kong falls for elaborate scam

(Newser) - A financial worker sent $25 million to fraudsters after falling victim to a scam that made impressive but alarming use of deepfake technology. The worker initially feared a phishing scam upon receiving an email, purportedly from the UK-based chief financial officer of the unnamed multinational company, explaining the need for...

Trump: Mexico's Paying for That Wall, and Here's How

He'd cut off billions of dollars in transfers sent by immigrants to family in Mexico

(Newser) - Two former Mexican presidents have already said there's no way their country will ever pay for the "stupid" "f---ing wall" that Donald Trump insists he'll erect between the US and Mexico if he becomes president—which has led to lots of head-scratching over how exactly Trump...

CIA Spying on Overseas Money Transfers: Reports

Other methods of "bulk collection" likely still unknown

(Newser) - Think your international money transfer is free from prying eyes? Not so, according to the New York Times , which reports the CIA is secretly collecting info from companies like Western Union under the Patriot Act—the same law the NSA cites when nabbing phone records. It's possible the names...

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