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.

Retailers, Banks Say Transaction Clarity Key To Moving From Dispute Management To Dispute Prevention
Retailers, Banks Say Transaction Clarity Key To Moving From Dispute Management To Dispute Prevention
December 16, 2020  |  Security & Fraud

Disputes and chargebacks are nothing new. But in the digital age of commerce wrought by the pandemic, they’re becoming a key point of friction between...

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Bitcoin Daily: Mobile Payments App Slide Now Includes Crypto Option; SatoshiPay To Use German Bank’s Euro-Backed Stablecoin For Cross-Border Transfers
Bitcoin Daily: Mobile Payments App Slide Now Includes Crypto Option; SatoshiPay To Use German Bank’s...
December 15, 2020  |  Bitcoin

BitPay, which is the world’s largest provider of bitcoin and cryptocurrency services, has announced that mobile payments app Slide will now add cryptocurrency as a...

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Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
December 15, 2020  |  Security & Fraud

A report by a major Swedish newspaper triggered a selloff by investors of shares in a trio of Nordic banks, puzzling analysts since the revelations...

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Jumio: New Account Fraud Based On ID Verification Dropped 23.2 Percent
Jumio: New Account Fraud Based On ID Verification Dropped 23.2 Percent
December 15, 2020  |  Digital Identity

New Jumio data indicates that new account fraud based on identity verification fell 23.2 percent globally in 2020 in contrast to 2019, according to an...

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FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes
FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes
December 14, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs...

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Report: EY Anti-Fraud Team Found ‘Red-Flag Indicators’ at Wirecard
Report: EY Anti-Fraud Team Found ‘Red-Flag Indicators’ at Wirecard
December 14, 2020  |  Security & Fraud

The epic collapse of German payments company Wirecard continues to raise questions about its accounting firm for years, Ernst & Young (EY). Munich prosecutors have...

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An AI Blueprint For More Profitable Portfolios In 2021
An AI Blueprint For More Profitable Portfolios In 2021
December 14, 2020  |  Artificial Intelligence

Want to know what 10,000 U.S. consumers think about artificial intelligence (AI) as it relates to their financial lives? Just ask them, as was done...

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US Probes Hack Of Treasury, Commerce Department
US Probes Hack Of Treasury, Commerce Department
December 13, 2020  |  Security & Fraud

Attacks by hackers linked to the Russian government against the U.S. Department of the Treasury, the U.S. Department of Commerce and its National Telecommunications and...

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Crypto, Kleptos And The Digital Identity Showdown
Crypto, Kleptos And The Digital Identity Showdown
December 11, 2020  |  AML

As goes banking, so goes fraud. It has ever been thus. Money laundering and terrorist financing also go on the list these days, perhaps like...

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