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.

FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
FTC Takes Walmart to Court Over Money Transfer Fraud Allegations
June 28, 2022  |  Legal

The Federal Trade Commission has sued Walmart alleging that its money transfer services were corrupted by fraudsters — which reportedly resulted in customers being “fleeced...

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Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
June 28, 2022  |  Security & Fraud

Banco Santander is warning customers in the United Kingdom that celebrity-endorsed cryptocurrency scams are on track to nearly double this year. Get the Full Story...

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EBA Recommends a Standard API for Open Banking in New PSD3 
EBA Recommends a Standard API for Open Banking in New PSD3 
June 28, 2022  |  Bank Regulation

The European Banking Authority (EBA) published on Thursday, June 23 an opinion in response to the European Commission’s call for advice on the upcoming review...

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Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022  |  Digital-First Banking

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud —...

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Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
June 24, 2022  |  Security & Fraud

Harmony’s Horizon bridge was exploited for $100 million, making three major bridge hacks this year and exposing a central weakness in the digital-asset nexus, according...

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Spike in BNPL Fraud Prompts Cybersecurity ‘Arms Race’
Spike in BNPL Fraud Prompts Cybersecurity ‘Arms Race’
June 24, 2022  |  Security & Fraud

Paper checks, credit cards, bank accounts — all have been favored targets of fraudsters over the years. Enter buy now, pay later (BNPL), the latest...

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Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
June 23, 2022  |  Technology

Today in technology regulation news, the U.K.’s Financial Conduct Authority (FCA) announced a new plan to use data analytics and AI to identify and prevent...

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Reserve Bank of India to Test Blockchain-Based Trade Financing Effort
Reserve Bank of India to Test Blockchain-Based Trade Financing Effort
June 23, 2022  |  Digital Banking

The Reserve Bank of India (RBI) has locked in HDFC Bank, ICICI Bank and State Bank of India among almost a dozen lenders across the...

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FedEx ‘Picture Proof’ Is Latest Salvo vs. Friendly Fraud
FedEx ‘Picture Proof’ Is Latest Salvo vs. Friendly Fraud
June 23, 2022  |  Delivery

For eCommerce, call it a photo finish. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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