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.

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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Video-Based KYC Fixes Its Gaze On Fraudsters
Video-Based KYC Fixes Its Gaze On Fraudsters
December 11, 2020  |  Authentication

Hide and seek is fun when you’re five, but it’s a tedious cat-and-mouse affair after you grow up and it turns into an interminable bout...

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FinCEN: FI Data Sharing Vital In Crime Prevention
FinCEN: FI Data Sharing Vital In Crime Prevention
December 10, 2020  |  Security & Fraud

Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco, speaking on Thursday (Dec. 10) about ways to stop financial crime, said one of the key...

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TSYS Attacked With Ransomware, Has Data Posted Online
TSYS Attacked With Ransomware, Has Data Posted Online
December 10, 2020  |  Security & Fraud

TSYS, a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. Get...

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Bitcoin Daily: DBS Launches Digital Asset Exchange; BitLipa Users Can Buy, Sell Crypto On Paxful; Oyster Pearl Blockchain Founder Faces Tax Evasion Charges
Bitcoin Daily: DBS Launches Digital Asset Exchange; BitLipa Users Can Buy, Sell Crypto On Paxful;...
December 10, 2020  |  Bitcoin

Financial services firm DBS announced in a press release Thursday (Dec. 10) that it is launching a “members-only” digital exchange for integrated digital asset tokenization,...

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