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.

House Committee Asks Kabbage, BlueVine For Pandemic Loan Security, Revenue Data
House Committee Asks Kabbage, BlueVine For Pandemic Loan Security, Revenue Data
May 28, 2021  |  Security & Fraud

U.S. lawmakers have opened an investigation into FinTechs Kabbage and BlueVine, along with their partner banks, for their role in the distribution of billions of...

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Machine Learning Helps FIs Identify Account Holders’ Fraudster Twins
Machine Learning Helps FIs Identify Account Holders’ Fraudster Twins
May 28, 2021  |  Digital Onboarding

Digital banking has become the new normal over the past year, with 71 percent of all financial institution (FI) customers now regularly banking online. Many...

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Today In Payments: Paymentus And Flywire IPO; Forter Raises $300 Million
Today In Payments: Paymentus And Flywire IPO; Forter Raises $300 Million
May 26, 2021  |  News

In today’s top news, Paymentus and Flywire both began trading on Wednesday (May 26), and Forter raised $300 million for its eCommerce fraud prevention platform....

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eCommerce Fraud Prevention Firm Forter Raises $300 Million
eCommerce Fraud Prevention Firm Forter Raises $300 Million
May 25, 2021  |  Investments

eCommerce fraud prevention company Forter has raised $300 million in a Series F funding round, according to a press release. Get the Full Story Complete...

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US To Implement Cybersecurity Regulations On Pipelines
US To Implement Cybersecurity Regulations On Pipelines
May 25, 2021  |  Security & Fraud

The Transportation Security Administration (TSA) will release a new security directive, the first of two, to require pipeline operators to reveal when they’ve been the...

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Israeli Cloud Security Firm Wiz Raises $120 Million In Add’l Funding
Israeli Cloud Security Firm Wiz Raises $120 Million In Add’l Funding
May 25, 2021  |  Security & Fraud

Cyberattacks are the greatest threat to the world’s financial system, the head of the Federal Reserve Board said last month. Investors and cybersecurity industry experts seem...

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Fraud Prevention Firm Sift Acquiring Dispute Startup Chargeback
Fraud Prevention Firm Sift Acquiring Dispute Startup Chargeback
May 25, 2021  |  Acquiring

Fraud prevention platform Sift is making plans to acquire the Software-as-a-Service (SaaS) dispute startup Chargeback, the companies said in a press release on Tuesday (May...

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Behavior-As-A-Service Offers Clues To The Personalities Behind The Screen
Behavior-As-A-Service Offers Clues To The Personalities Behind The Screen
May 25, 2021  |  Authentication

In the digital age, how we move, tap and swipe can give financial institutions (FIs) the clues of the personalities behind the screen. Get the...

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Hackers Infiltrate Omiai, Japan’s Biggest Dating App
Hackers Infiltrate Omiai, Japan’s Biggest Dating App
May 24, 2021  |  Security & Fraud

Fraudsters hacked Omiai, Japan’s biggest dating app, exposing personal data like drivers’ licenses, insurance cards and passports, Bloomberg reported on Monday (May 24). Get the...

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