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.

Malware Hits Banks By Mimicking Video Conferencing App

Malware Hits Banks By Mimicking Video Conferencing App
Malware Hits Banks By Mimicking Video Conferencing App
October 19, 2020  |  Fraud Attack

Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices...

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New Cloud-Based Card-Issuing System Aims To Standardize Payments Security
New Cloud-Based Card-Issuing System Aims To Standardize Payments Security
October 19, 2020  |  Security & Fraud

Entrust, an identities, payments and data protection firm based in Minneapolis, on Monday (Oct. 19) announced that its Sigma Instant Desktop Issuance product will set...

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Unit21 Nets $13M For Business Risk And Compliance Tool
Unit21 Nets $13M For Business Risk And Compliance Tool
October 19, 2020  |  Investments

San Francisco-based Unit21, which offers products for fighting financial crime, has landed $13 million in a funding round led by A.Capital Ventures. Unit21 has experienced...

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The Food Fraud Fight, With A Side Of AI
The Food Fraud Fight, With A Side Of AI
October 19, 2020  |  Mobile Order Ahead

Quick-service restaurants (QSRs) are learning they can benefit from data analytics and artificial intelligence (AI), technologies that are becoming critical in helping restaurants capture customer...

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How Zelle Protects Users Against Scams And Frauds With AI, Analytics
How Zelle Protects Users Against Scams And Frauds With AI, Analytics
October 19, 2020  |  Fraud Prevention

Fraudsters are deploying tactics ranging from impersonating tax officials to selling fake PPE on peer-to-peer (P2P) payment apps amid the COVID-19 pandemic. Fighting these threats...

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Plaid ‘Surprised’ At TD Bank’s Lawsuit Alleging It Tricked Consumers
Plaid ‘Surprised’ At TD Bank’s Lawsuit Alleging It Tricked Consumers
October 19, 2020  |  Legal

Plaid is denying that it has used TD Bank‘s logo to dupe customers into sending information it could monetize, a report from The Globe and...

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UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
October 16, 2020  |  Security & Fraud

British Airways (BA) must pay a $25.8 million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing...

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Deep Dive: The Power Of Data Analytics And AI For QSRs In A Complex Ordering Environment
Deep Dive: The Power Of Data Analytics And AI For QSRs In A Complex Ordering...
October 16, 2020  |  Mobile Order Ahead

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TransferWise On The Faster Future Of Cross-Border Payments
TransferWise On The Faster Future Of Cross-Border Payments
October 16, 2020  |  Payments Innovation

Cross-border payments continue to be notorious for being slow and costly, with each FI involved in processing the transaction attaching additional fees. In this month’s...

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