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.

Barclays Hit in Phishing Scam Using Monzo Account, PISP
Barclays Hit in Phishing Scam Using Monzo Account, PISP
October 03, 2021  |  Security & Fraud

Millions of pounds were swiped from Barclays accounts in a phishing scam by a fraudster using a Monzo account and a payments initiation service provider...

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Two Californians Busted for Fake COVID-19 Test Results
Two Californians Busted for Fake COVID-19 Test Results
October 02, 2021  |  Security & Fraud

A 34-year-old man and a 33-year-old woman, both from California, were arrested in Hawaii for submitting fraudulent COVID-19 test results in an effort to skirt...

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HSBC on Authenticating Customer Payments to Reduce Fraud
HSBC on Authenticating Customer Payments to Reduce Fraud
October 01, 2021  |  Authentication

Telling good transactions from bad is tough when customers are scammed into validating fraudulent payments. In the Authenticated Payments Report, HSBC’s Drew Douglas explains how...

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Combating the ‘Bad Guys’ Through Sophisticated Digital Identity Verification
Combating the ‘Bad Guys’ Through Sophisticated Digital Identity Verification
October 01, 2021  |  Biometrics

Businesses around the world are going through a digital transformation to build more efficient digital channels. But in doing so, they are potentially exposing themselves...

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Payments Orchestration Helps Online Merchants Find, Plug Fraud Vulnerabilities
Payments Orchestration Helps Online Merchants Find, Plug Fraud Vulnerabilities
October 01, 2021  |  Security & Fraud

Among the key advantages of payments orchestration — which allows merchants and platforms to connect to any combination of payment service providers (PSPs) through a...

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Neiman Marcus Data Hack Impacts 4.6M eCommerce Consumers
Neiman Marcus Data Hack Impacts 4.6M eCommerce Consumers
September 30, 2021  |  Security & Fraud

Neiman Marcus Group has said it notified around 4.6 million online users that their personal data could have been accessed in a data breach dating...

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London Cybersecurity Companies Discuss New Opportunities With 5G Rollout
London Cybersecurity Companies Discuss New Opportunities With 5G Rollout
September 29, 2021  |  Security & Fraud

5G networks are fast emerging as reality, bringing with them lower latencies and blazing connectivity that promise to transform how people live, work and play....

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AML/KYC: Obstacle or Opportunity for Banks and FinTechs
AML/KYC: Obstacle or Opportunity for Banks and FinTechs
September 28, 2021  |  Bank Regulation

Regulatory agencies and financial institutions (FIs) agree on the importance of protecting the banking ecosystem from illicit activity and fraudulent users, but the methodology of...

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With 80% of Data Breaches Involving Passwords, Their Retirement Cannot Happen Soon Enough
With 80% of Data Breaches Involving Passwords, Their Retirement Cannot Happen Soon Enough
September 28, 2021  |  Security & Fraud

Passwords are, in a word, broken. We all know this — and yet we continue to use them almost reflexively. Get the Full Story Complete...

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