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.

New Year, Same Fraud: Why Payments Fraud Tactics May Look Much the Same in 2022
New Year, Same Fraud: Why Payments Fraud Tactics May Look Much the Same in 2022
January 21, 2022  |  Security & Fraud

In 2022, when it comes to phishing, application and payments fraud — and all the scams that aim to part us from our money —...

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FBI Warns of QR Code Cybercrimes
FBI Warns of QR Code Cybercrimes
January 20, 2022  |  Security & Fraud

The FBI is warning the public that cybercriminals have been tampering with Quick Response (QR) codes to redirect victims to malicious sites that steal their...

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Gensler: SEC Is Coming for Crypto Exchanges
Gensler: SEC Is Coming for Crypto Exchanges
January 20, 2022  |  Cryptocurrency

Securities and Exchange Commission (SEC) Chair Gary Gensler is making another push to bring cryptocurrency exchanges within his agency’s remit. Get the Full Story Complete...

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PYMNTS Crypto Crime Series: The $612 Million Heist That Wasn’t
PYMNTS Crypto Crime Series: The $612 Million Heist That Wasn’t
January 20, 2022  |  Security & Fraud

What kind of thief gives back $612 million a few days later, saying it was all a prank aimed at showing how poor his victim’s...

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Cyber Insurance Firm Baobab Secures $4m in Pre-Seed Round
Cyber Insurance Firm Baobab Secures $4m in Pre-Seed Round
January 18, 2022  |  Investments

The timing couldn’t be better for Baobab, the Berlin-based cyber insurance company, to raise $3.5 million euros ($4 million) in pre-seed financing. Get the Full...

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nsKnox: 2021 Was the Year of WFH and Increased Fraud
nsKnox: 2021 Was the Year of WFH and Increased Fraud
January 18, 2022  |  Opinion

Working from home gave fraudsters new vulnerabilities to exploit as companies were forced to reinvent business processes using distributed teams. Nithai Barzam, chief operating officer...

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Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
January 18, 2022  |  Mastercard

Mastercard and four other companies were fined a total of £33 million ($45.01 million) for their practices involving prepaid cards, with Mastercard being hit with...

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If You Were a Victim of Payment Fraud, Would You Know?
If You Were a Victim of Payment Fraud, Would You Know?
January 17, 2022  |  Security & Fraud

How long would it take you to realize you were the victim of payments fraud — an hour? A day? A week? Get the Full...

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How Credit Unions Are Fighting Online Fraud
How Credit Unions Are Fighting Online Fraud
January 17, 2022  |  Credit Unions

When you think of a credit union (CU), it’s easy to picture a place that values member relations and face-to-face banking. Get the Full Story...

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