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.

Federal Reserve Steps Up Fight Against Consumer Fraud
Federal Reserve Steps Up Fight Against Consumer Fraud
May 05, 2026  |  Fraud Prevention

Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (May 5) that she is raising consumer fraud as a priority issue for the...

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HSBC Loses $400 Million to Private Credit Fraud
HSBC Loses $400 Million to Private Credit Fraud
May 05, 2026  |  Earnings

HSBC took a $400 million expected credit loss (ECL) in the first quarter due to what it called “fraud-related, secondary, securitization exposure with a financial...

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Regula Warns Digital Identity Has a Human Problem
Regula Warns Digital Identity Has a Human Problem
May 05, 2026  |  Digital Identity

Identity and authentication in financial services are having a moment. The marketplace must move beyond the one moment where a human proves who they are,...

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AI Wrote the Perfect Scam and Now Fights It
AI Wrote the Perfect Scam and Now Fights It
May 04, 2026  |  Artificial Intelligence

Internet crime losses hit $20.9 billion in 2025, the FBI reported. Most of the damage didn’t come from malware or data breaches. It came from...

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Cyber Expert Warns Iranian Hackers Target World Cup Fans and Infrastructure
Cyber Expert Warns Iranian Hackers Target World Cup Fans and Infrastructure
May 04, 2026  |  Cybersecurity

Hackers linked to Iran are likely to target World Cup fans and the event’s infrastructure, according to a report by ynet Global. BDO Head of...

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WEX Puts Fraud Detection on a 500-Millisecond Clock
WEX Puts Fraud Detection on a 500-Millisecond Clock
May 01, 2026  |  Fraud Prevention

Watch more: What’s Next in Payments With WEX’s William Fitzgerald Payments fraud continues to evolve at a pace that strains conventional defenses, as increasingly automated...

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Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud
Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud
April 29, 2026  |  Cryptocurrency

With fraud on the rise, the Canadian government is proposing a ban on crypto ATMs. That’s according to the country’s Spring Economic Update for 2026, which was...

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Sam Bankman-Fried Loses Bid for New Trial in FTX Case
Sam Bankman-Fried Loses Bid for New Trial in FTX Case
April 29, 2026  |  Legal & Regulation

Convicted crypto fraudster/FTX co-founder Sam Bankman-Fried has lost his bid for a new trial. According to multiple published reports, a federal judge on Tuesday (April 28)...

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63% of Firms Face Check Fraud as Paper Payments Linger
63% of Firms Face Check Fraud as Paper Payments Linger
April 27, 2026  |  Real-Time Payments

The biggest obstacle to real-time payments adoption may not be fraud, but the fear of fraud. That’s the central finding of “Reality Check: Fact vs....

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