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.

For Banks Hunting Fraudsters, There’s No Magic Bullet

For Banks Hunting Fraudsters, There’s No Magic Bullet
For Banks Hunting Fraudsters, There’s No Magic Bullet
January 04, 2022  |  Security & Fraud

Online fraudsters have gotten more and more sophisticated, making it tougher or financial institutions (FIs) to tell the difference between customer and scammer. Get the...

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The 51% Attack: Crypto’s Double-Spending Achilles Heel
The 51% Attack: Crypto’s Double-Spending Achilles Heel
January 03, 2022  |  Cryptocurrency

Once written onto the blockchain, a cryptocurrency transaction is immutable — it cannot be changed, canceled or reversed. Get the Full Story Complete the form...

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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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