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.

US Investigation of Binance Widens to Include Alleged Market Manipulation
US Investigation of Binance Widens to Include Alleged Market Manipulation
September 19, 2021  |  Security & Fraud

The U.S. investigation into crypto exchange Binance has expanded to include possible insider trading and market manipulation, Bloomberg writes. Get the Full Story Complete the...

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Deep Dive: How AI- and ML-Powered Analysis Can Improve Fraud Detection and Investigation
Deep Dive: How AI- and ML-Powered Analysis Can Improve Fraud Detection and Investigation
September 17, 2021  |  Fraud Prevention

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Senator Decries ‘Anonymity’ of Crypto in Crimes, Calls on Gov’t to Act
Senator Decries ‘Anonymity’ of Crypto in Crimes, Calls on Gov’t to Act
September 16, 2021  |  Cryptocurrency

Sen. Maggie Hassan of New Hampshire has brought up concerns around the use of cryptocurrency for illicit means and has asked federal agencies to do...

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Synchrony on How AI and MLCan Help FIs Combat Fraud and Deliver Frictionless Customer Experiences
Synchrony on How AI and MLCan Help FIs Combat Fraud and Deliver Frictionless Customer Experiences
September 16, 2021  |  Fraud Prevention

Locking out fraud without increasing false positives can seem nearly impossible for financial institutions (FIs), but it doesn't have to be. In the Preventing Financial...

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FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
September 15, 2021  |  Security & Fraud

The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must...

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NFT Plaform OpenSea Said Employee Bought Items Before Sale
NFT Plaform OpenSea Said Employee Bought Items Before Sale
September 15, 2021  |  Security & Fraud

Nonfungible token (NFT) marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its...

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PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
September 15, 2021  |  Fraud Prevention

Financial institutions (FIs) want to reduce fraud, but at the same time don’t want to create false positives, which is the flagging of legitimate customers...

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Anti-Fraud Firm ClearSale Lands $254M From IPO
Anti-Fraud Firm ClearSale Lands $254M From IPO
September 15, 2021  |  IPO

The fraud protection company ClearSale has raised $254 million through its July 30 initial public offering (IPO) on Brazil’s B3 stock exchange. Get the Full...

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AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
September 15, 2021  |  Fraud Prevention

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