fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.
LoanDepot Says 16.9 Million Customers Impacted by January Data Breach
LoanDepot Says 16.9 Million Customers Impacted by January Data Breach
February 26, 2024  |  Security & Fraud

LoanDepot said Friday (Feb. 23) that a data breach that impacted the company in January affected 16.9 million customers. In the breach that occurred Jan....

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OCC Head Concerned About Bank-FinTech Collaboration
OCC Head Concerned About Bank-FinTech Collaboration
February 26, 2024  |  Banking

Michael Hsu, CEO and acting comptroller of the currency for the Office of the Comptroller of the Currency (OCC), recently reiterated his agency’s commitment to...

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New Attack Vectors Require Cyber Hygiene and End-User Education in Authentication War
New Attack Vectors Require Cyber Hygiene and End-User Education in Authentication War
February 26, 2024  |  Authentication

Today’s financial fraudsters are more sophisticated, more agile, and more online than ever. With payments increasingly moving to electronic channels — along with the gateways...

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Synchrony Says KYC Will Determine Authentication’s Future
Synchrony Says KYC Will Determine Authentication’s Future
February 26, 2024  |  Authentication

Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and...

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Change Healthcare Expects Cyberattack Disruption to Last Through Friday
Change Healthcare Expects Cyberattack Disruption to Last Through Friday
February 23, 2024  |  Security & Fraud

UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. “The disruption is expected to last at least...

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Bottomline Updates Insider Fraud Prevention Tool
Bottomline Updates Insider Fraud Prevention Tool
February 22, 2024  |  Fraud Prevention

Business payments company Bottomline has debuted an updated fraud prevention kit. The company announced its enhanced Insider Threat Management solution Thursday (Feb. 22), saying it...

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India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to...

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Are Digital Wallets the Answer to Mixed Reality Payments Infrastructure?
Are Digital Wallets the Answer to Mixed Reality Payments Infrastructure?
February 21, 2024  |  Technology

History tends to repeat itself. For example, picture this: Bitcoin is trading above $50,000 and one of the world’s biggest technology companies just launched a...

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Apple Launches Security Upgrade to Combat Potential Quantum Computing Attacks
Apple Launches Security Upgrade to Combat Potential Quantum Computing Attacks
February 21, 2024  |  Apple

In a move to improve the security of its iMessage app, Apple is upgrading its encryption system to fend off potential quantum computing attacks. The new system,...

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