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.

Judge Orders Man Detained Until Trial in NY Crypto Laundering Case
Judge Orders Man Detained Until Trial in NY Crypto Laundering Case
February 14, 2022  |  Legal

A federal judge, Chief U.S. District Judge Beryl Howell, has ordered the pretrial detention for a defendant, Ilya Lichtenstein, arrested on conspiring to launder billions...

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Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
February 14, 2022  |  Security & Fraud

Online shoppers are likely to find ‘mystery packages’ on Facebook Marketplace that are actually situations where the shopper pays for a box of unknown goods...

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UK Tax Case Marks First Ever NFT Seizure
UK Tax Case Marks First Ever NFT Seizure
February 14, 2022  |  NFTs

In what is believed to be the first such action by British law enforcement, the U.K.’s tax watchdog has seized three non-fungible tokens (NFTs). Get...

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Telehealth Growth Raises Data, Digital Identity Concerns
Telehealth Growth Raises Data, Digital Identity Concerns
February 14, 2022  |  Healthcare

The pandemic has exposed a lot of weak links in healthcare, and identity is a big one. Healthcare providers float on oceans of sensitive patient...

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eMarketplace Cent Stops Selling Most NFTs Due to Fraud
eMarketplace Cent Stops Selling Most NFTs Due to Fraud
February 13, 2022  |  NFTs

Cent, a platform for selling non-fungible tokens (NFTs), has suspended a majority of its transactions because people have been selling content that isn’t theirs, Reuters...

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Malware Infiltrates 500 eCommerce Sites to Skim Card Data
Malware Infiltrates 500 eCommerce Sites to Skim Card Data
February 11, 2022  |  Fraud Attack

An estimated 500 eCommerce websites were infiltrated by MageCart attackers, who seemingly installed credit digital card skimmers to lift users’ personal data, including card numbers,...

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Digital Fraud Tracker: Explaining Third- and First-Party Fraud
Digital Fraud Tracker: Explaining Third- and First-Party Fraud
February 11, 2022  |  Fraud Attack

These days, banks, businesses, government entities and individuals are at constant risk of digital fraud. Its volume and costs continue to expand, even as more...

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PYMNTS Crypto Crime Series: With $1B Hacked, Cross-Chain Crypto Payments May Be in Jeopardy
PYMNTS Crypto Crime Series: With $1B Hacked, Cross-Chain Crypto Payments May Be in Jeopardy
February 11, 2022  |  Security & Fraud

Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry...

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Ransomware Reaches Beyond Money With More Sinister Goals
Ransomware Reaches Beyond Money With More Sinister Goals
February 11, 2022  |  Cybersecurity

Ransomware activity related to cryptocurrency is most often associated with the release of malware that encrypts a victim’s information — usually a major corporation —...

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