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.

Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring

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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UK’s FCA Issued $775M in Fines in 2021
UK’s FCA Issued $775M in Fines in 2021
January 17, 2022  |  International

A rise in financial crime fueled by the pandemic led the U.K.’s Financial Conduct Authority (FCA) to issue 568 million British pounds (about $775 million)...

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Today in Data: Battling Fraud With Data, December Retail Sales Slump, Meeting Consumers’ Dietary Needs
Today in Data: Battling Fraud With Data, December Retail Sales Slump, Meeting Consumers’ Dietary Needs
January 17, 2022  |  Today In Data

Today in Data, December retail sales slumped as the omicron variant surged across the U.S. and around the world. Plus, fraudsters becoming increasingly frustrated by...

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North Korean Hackers Swiped $400M in Crypto Last Year
North Korean Hackers Swiped $400M in Crypto Last Year
January 14, 2022  |  Cryptocurrency

Hackers from North Korea swiped close to $400 million in cryptocurrencies across at least seven cyberattacks that targeted investment firms and centralized exchanges, with 58%...

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Scammers Using Fake QR Codes on Parking Meters to Divert Payments
Scammers Using Fake QR Codes on Parking Meters to Divert Payments
January 13, 2022  |  Security & Fraud

Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept...

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Open Banking Series: What Data Do Banks and FinTechs Share?
Open Banking Series: What Data Do Banks and FinTechs Share?
January 12, 2022  |  Digital Banking

Open banking is, undoubtedly, a good innovation for the banking sector, especially for consumers and FinTechs. But open banking can also help traditional banks to...

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Securities Regulators: Crypto Scams are Top Threat to Investors ‘By Far’ 
Securities Regulators: Crypto Scams are Top Threat to Investors ‘By Far’ 
January 12, 2022  |  Cryptocurrency

Cryptocurrencies and digital assets are the biggest threat to investors, according to new data from the North American Securities Administrators Association (NASAA). Get the Full Story...

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