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.

Colonial Pipeline Latest Target In High-Profile Ransomware Attacks
Colonial Pipeline Latest Target In High-Profile Ransomware Attacks
May 09, 2021  |  Security & Fraud

The Biden administration is looking to crack down on ransomware, especially as a series of major cyberattacks has recently occurred, Bloomberg reported. In the span...

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Amazon Turns To Postcards To Verify Third-Party Sellers’ Addresses
Amazon Turns To Postcards To Verify Third-Party Sellers’ Addresses
May 09, 2021  |  Amazon

Amazon, arguably one of the world’s more technologically advanced customer-facing companies, is deploying a tool that dates to the 1860s to verify the addresses of...

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Today In Payments: SEC Chair Says Congress Should Regulate Crypto Exchanges; Walmart Acquires Telehealth Provider MeMD
Today In Payments: SEC Chair Says Congress Should Regulate Crypto Exchanges; Walmart Acquires Telehealth Provider...
May 07, 2021  |  News

In today’s top news, the chair of the U.S. Securities and Exchange Commission (SEC) said cryptocurrency needs more regulation, and Walmart has acquired telehealth firm...

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New Study: Consumers Will Now Drop A Merchant Over A Single Data Breach
New Study: Consumers Will Now Drop A Merchant Over A Single Data Breach
May 07, 2021  |  Security & Fraud

Consumers can drift along in a happy sort of haze, extending trust to brands that appeal, and enjoying a loose but very real connection —...

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How RBC Captures Consumer Trust At The Point Of Onboarding
How RBC Captures Consumer Trust At The Point Of Onboarding
May 07, 2021  |  Digital Onboarding

The surge in pandemic-related fraud has increased consumers’ data safety concerns, with 23 million Americans who now believe that fraudsters have used their identities to...

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Insurance AI Provider Shift Secures $220 Million In Funding For Fraud Detection
Insurance AI Provider Shift Secures $220 Million In Funding For Fraud Detection
May 06, 2021  |  Investments

Shift Technologies, which provides artificial intelligence (AI)-powered decision automation and optimization solutions for insurance companies, has closed a Series D funding round of $220 million....

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eCommerce Fraud Prevention Firm Riskified Mulls IPO
eCommerce Fraud Prevention Firm Riskified Mulls IPO
May 06, 2021  |  Fraud Prevention

Riskified, a startup focused on preventing eCommerce fraud, is considering an initial public offering (IPO) that could come this year, Bloomberg reported Thursday (May 6),...

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NuData: Countering Account Hijacking With Behavioral Analytics
NuData: Countering Account Hijacking With Behavioral Analytics
May 06, 2021  |  Biometrics

With so much of life lived on devices, those devices are where hackers are finding what they need to hijack user accounts and do the...

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Pain-Free Disputes: Keeping Member Experience In View When Fighting Fraud
Pain-Free Disputes: Keeping Member Experience In View When Fighting Fraud
May 05, 2021  |  Credit Unions

It is easy for credit unions to get a bit lost in the weeds when it comes to fighting fraud and meeting member needs —...

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