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.

Dubai Officials: ‘DubaiCoin’ Never Received Any Governmental Approval

Dubai Officials: ‘DubaiCoin’ Never Received Any Governmental Approval
Dubai Officials: ‘DubaiCoin’ Never Received Any Governmental Approval
May 28, 2021  |  Cryptocurrency

The government of Dubai has announced that a so-called “DubaiCoin” digital token was not given the green light by “any official authority” and that promotions...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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....

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >