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.

Russian Hacking Group Responsible For Ransomware Goes Dark

Russian Hacking Group Responsible For Ransomware Goes Dark
Russian Hacking Group Responsible For Ransomware Goes Dark
July 13, 2021  |  Cybersecurity

REvil, a known Russian hacking group, has gone offline — only days after U.S. President Joe Biden mandated that Russian President Vladimir Putin handle the...

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Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To Buy Bitcoin Sentenced To Three Years
Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To...
July 13, 2021  |  Bitcoin

Nassim Nicholas Taleb, the author of “The Black Swan” and a probability researcher and former quantitative trader, previously spoke highly of bitcoin. Now, he has...

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UK Cops Seize $249M In Crypto Crackdown
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021  |  Cybersecurity

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported...

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Fashion Brand Guess Data Breach Impacts Customer Info
Fashion Brand Guess Data Breach Impacts Customer Info
July 12, 2021  |  Cybersecurity

Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Get...

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Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
July 09, 2021  |  AML

As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department...

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Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
July 08, 2021  |  Bitcoin

Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

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Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
July 08, 2021  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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B2B Payment Ecosystems Tackle Business Email Compromise
B2B Payment Ecosystems Tackle Business Email Compromise
July 08, 2021  |  B2B Payments

When the likes of Google and Facebook can fall victim to B2B payments fraud, it’s time for companies of all sizes and industries to pay...

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