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.

Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
July 16, 2020  |  Security & Fraud

One of the unnamed jailed executives in the Wirecard scandal has reportedly admitted guilt to the multi-billion-dollar fraud and money laundering case, according to Reuters....

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BaFin Downplayed Wirecard Complaints, Report Says
BaFin Downplayed Wirecard Complaints, Report Says
July 16, 2020  |  Security & Fraud

German market watchdog Federal Financial Supervisory Authority, or BaFin, has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed...

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Bitcoin Daily: Teller Notches $1M For DeFi Credit Risk Protocol; Thailand’s Central Bank Experiments With CBDC; Crypto Trader Accused In $4.5M Fraud Case
Bitcoin Daily: Teller Notches $1M For DeFi Credit Risk Protocol; Thailand’s Central Bank Experiments With...
July 16, 2020  |  Bitcoin

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an...

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US Treasury Warns Banks Of Twitter Crypto Scam
US Treasury Warns Banks Of Twitter Crypto Scam
July 16, 2020  |  Security & Fraud

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is warning financial institutions of a “high-profile” new scam exploiting Twitter accounts to try and scam convertible virtual...

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The Great Twitter Hack And Power Of Social Engineering
The Great Twitter Hack And Power Of Social Engineering
July 16, 2020  |  Security & Fraud

As of 2020, high-profile hacks are no longer a massive surprise. A hundred thousand data breaches after the great Target breach of late 2013, and...

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SAP Users Asked To Apply New Patch To Avoid Security Breach
SAP Users Asked To Apply New Patch To Avoid Security Breach
July 15, 2020  |  B2B Payments

Users of SAP are being encouraged to apply a new patch to prevent against hacking due to a pre-existing flaw in the software, according to...

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Twitter Accounts Of Bezos, Buffett, Musk And Others Apparently Victims Of ATO Crypto Scam
Twitter Accounts Of Bezos, Buffett, Musk And Others Apparently Victims Of ATO Crypto Scam
July 15, 2020  |  Security & Fraud

High-profile Twitter accounts, including those of Amazon CEO Jeff Bezos, Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk and others, were taken over in...

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London Judge Dismisses Fraud Case Against Wirecard
London Judge Dismisses Fraud Case Against Wirecard
July 15, 2020  |  Legal

After weeks of relentless headlines on the collapse of Wirecard, the High Court of Justice in London handed the German payments company a victory on...

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Why The Best Fraud Defenses Need Artificial And Human Intelligence
Why The Best Fraud Defenses Need Artificial And Human Intelligence
July 15, 2020  |  Security & Fraud

There’s an old saying that sunlight is the best disinfectant. Shedding some light on just what the bad guys want — and why and how...

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