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.

Mastercard’s Gerber: Cybersecurity Needs Its Own Paris Accord
Mastercard’s Gerber: Cybersecurity Needs Its Own Paris Accord
April 26, 2021  |  Security & Fraud

Recent research shows that the average data breach costs financial institutions (FIs) $210 on average per compromised account, and it costs merchants $119. But on...

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Equifax Acquisition Gives Kount Window Into Digital ID Space
Equifax Acquisition Gives Kount Window Into Digital ID Space
April 26, 2021  |  Identity

For the last year, change has become the only consistent norm in the environment, and many firms in the payments and commerce business found themselves...

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UK’s Darktrace Faces Reality: Cuts Valuation For Pending IPO
UK’s Darktrace Faces Reality: Cuts Valuation For Pending IPO
April 25, 2021  |  IPO

Darktrace, a cybersecurity company, will be slashing the value of its forthcoming London flotation, looking instead for a cautious approach to avoid the kind of...

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Bitcoin Daily: Turkish Crypto Exchange Vebitcoin Shuts Down, Four Arrested; Gemini Now Accepts Google Pay, Apple Pay For Crypto Purchases
Bitcoin Daily: Turkish Crypto Exchange Vebitcoin Shuts Down, Four Arrested; Gemini Now Accepts Google Pay,...
April 25, 2021  |  Bitcoin

Four people linked to Turkish crypto exchange Vebitcoin have been arrested and accused of fraud, according to a report from BBC. Officials launched an investigation...

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The Digital Transformation Of Payment Models And The Value Of Identity Trust
The Digital Transformation Of Payment Models And The Value Of Identity Trust
April 23, 2021  |  Security & Fraud

In The Connected Economy’s Power Source – CEO Edition, Brad Wiskirchen, CEO of Kount, takes a deep dive into how the digital transformation has impacted...

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Joella’s Hot Chicken On Leveraging And Safeguarding Loyalty Programs For Today’s Digital Consumers
Joella’s Hot Chicken On Leveraging And Safeguarding Loyalty Programs For Today’s Digital Consumers
April 23, 2021  |  Mobile Order Ahead

Quick-service restaurants (QSRs) are dishing out mobile-enabled loyalty programs, but fraudsters are also eager to take a bite out of them. In the Mobile Order-Ahead...

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Fraud-Prevention Platform Sift Raises $50 Million, Valued At Over $1 Billion
Fraud-Prevention Platform Sift Raises $50 Million, Valued At Over $1 Billion
April 22, 2021  |  Investments

Sift, which works in digital safety, has ended a new funding round and raised $50 million, according to a press release. The company is now...

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Bitcoin Daily: EU Regulators Probe Binance Over Stock Tokens; Turkish Authorities Investigate Crypto Exchange Thodex For Possible $2 Billion Fraud
Bitcoin Daily: EU Regulators Probe Binance Over Stock Tokens; Turkish Authorities Investigate Crypto Exchange Thodex...
April 22, 2021  |  Bitcoin

European regulators are looking into whether Binance, one of the largest crypto exchanges in the world, has been following securities rules since it launched trading...

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Supreme Court’s Ruling Curtails FTC Reach On Monetary Awards
Supreme Court’s Ruling Curtails FTC Reach On Monetary Awards
April 22, 2021  |  Legal

For now – and maybe for a long while – it will be tougher to get ill-gotten gains back from the bad actors … at...

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