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.

T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
December 29, 2021  |  Security & Fraud

T-Mobile has confirmed that it was aware of SIM swap attacks affecting what it said was a “very small” number of customers, Bleeping Computer reported...

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75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
December 28, 2021  |  Artificial Intelligence

Acquiring banks are under intense pressure to process transactions efficiently while detecting and preventing fraud attempts. That’s a growing challenge due to recent increases in both...

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Crypto Scammers Will Face Jail, Hefty Fines in UAE
Crypto Scammers Will Face Jail, Hefty Fines in UAE
December 28, 2021  |  Security & Fraud

The United Arab Emirates is serious about cracking down on promoters of online cryptocurrency scams. These cybercriminals now face five years in prison and a fine of up to more than $270,000. Get the Full Story...

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Over 10% Of Credit and Debit Card Users Experienced Fraud in the Last 12 Months
Over 10% Of Credit and Debit Card Users Experienced Fraud in the Last 12 Months
December 24, 2021  |  Security & Fraud

Credit and debit card users are experiencing significant levels of fraud. Eleven percent of consumers reported an incident of fraud in connection with their digital debit...

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UK Regulators Turn to Anti-Fraud Jingle to Thwart Holiday Loan Scams
UK Regulators Turn to Anti-Fraud Jingle to Thwart Holiday Loan Scams
December 24, 2021  |  Security & Fraud

This Christmas, the U.K.’s Financial Conduct Authority (FCA) is taking the fight against fraud to a whole new musical level. Get the Full Story Complete...

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Banks Seek AI Platforms-as-a-Service Amid Ever-Increasing Risk
Banks Seek AI Platforms-as-a-Service Amid Ever-Increasing Risk
December 23, 2021  |  Artificial Intelligence

Sudhir Jha, senior vice president and head of Mastercard’s Brighterion unit, told Karen Webster in the most recent On the Agenda discussion that artificial intelligence...

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Japanese Firms Collaborate to Fight Payments Fraud
Japanese Firms Collaborate to Fight Payments Fraud
December 22, 2021  |  Security & Fraud

A group of Japanese companies has launched an information-sharing program to prevent smartphone-based payments fraud. Get the Full Story Complete the form to unlock this...

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As Crypto Crime Grows, Exchanges Like Coinbase are Key to Catching Crooks
As Crypto Crime Grows, Exchanges Like Coinbase are Key to Catching Crooks
December 22, 2021  |  Cryptocurrency

A British al-Qaida supporter was just sentenced to 16 months in jail for cryptocurrency trading and using bitcoin to buy stolen credit card information. Coinbase...

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PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
December 22, 2021  |  Security & Fraud

The old saying goes: Faster payments make for faster fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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