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.

FIS and Stratyfy Team to Combat Card Fraud

FIS and Stratyfy Team to Combat Card Fraud
FIS and Stratyfy Team to Combat Card Fraud
March 18, 2024  |  Partnerships

FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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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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