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.

SEC: Investment Advisers Made Phony AI Claims

SEC: Investment Advisers Made Phony AI Claims
SEC: Investment Advisers Made Phony AI Claims
March 18, 2024  |  Cybersecurity

Federal regulators have charged two investment advisers with making fraudulent claims about their AI usage. Get the Full Story Complete the form to unlock this...

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Nacha Expands Receiving Depository Financial Institutions’ Role in Fighting Fraud
Nacha Expands Receiving Depository Financial Institutions’ Role in Fighting Fraud
March 18, 2024  |  Cybersecurity

Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. Get the Full Story Complete the form to...

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FTC Sees Jump in AI-Related Scams on Social Media
FTC Sees Jump in AI-Related Scams on Social Media
March 17, 2024  |  Cybersecurity

Federal regulators have reportedly recorded a jump in AI-related scam ads on social media. Get the Full Story Complete the form to unlock this article...

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Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
March 15, 2024  |  Legal & Regulation

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...

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Old School Fraud: Counterfeit Cash Makes Global Comeback
Old School Fraud: Counterfeit Cash Makes Global Comeback
March 15, 2024  |  Cybersecurity

While we were all watching online fraud, social engineering and ransomware, an old school financial crime tactic is rearing its ugly head. Counterfeit banknotes are...

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Retailers Battle $101 Billion Returns Fraud Plague
Retailers Battle $101 Billion Returns Fraud Plague
March 14, 2024  |  Fraud Prevention

How common has refund fraud — or returns fraud — become? Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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UnitedHealth Group Reports Critical Services Restored After Cyberattack
UnitedHealth Group Reports Critical Services Restored After Cyberattack
March 14, 2024  |  Cybersecurity

UnitedHealth Group (UHG) reported Thursday (March 14) that some critical services are back online at its subsidiary Change Healthcare, which has been dealing with a cyberattack on...

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State of the Payment Scam: Banks Battling APP Fraud
State of the Payment Scam: Banks Battling APP Fraud
March 13, 2024  |  Cybersecurity

The world’s cybercriminals all share one thing in common: they understand people can be exploited. Get the Full Story Complete the form to unlock this...

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