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 Probe Pushes German Government To Release Talks With CEO
Wirecard Probe Pushes German Government To Release Talks With CEO
July 12, 2020  |  Security & Fraud

Lawmakers are urging German Chancellor Angela Merkel to release transcripts of conversations between Deputy Finance Minister Jörg Kukies and former Wirecard CEO Markus Braun, as...

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Hackers Hike Attacks On Hospitals Amid Pandemic
Hackers Hike Attacks On Hospitals Amid Pandemic
July 12, 2020  |  Security & Fraud

A national survey has found more than 80 percent of medical practices have been the victims of cyberattacks, USA Today reported. Get the Full Story...

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India’s Google-Backed Delivery App Dunzo Hit By Data Breach
India’s Google-Backed Delivery App Dunzo Hit By Data Breach
July 12, 2020  |  Security & Fraud

Delivery startup Dunzo, India’s food and grocery delivery service backed Google, has suffered a data breach, The News Minute reported. Get the Full Story Complete...

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Secret Service Launches Task Force To Fight Cyber Fraud
Secret Service Launches Task Force To Fight Cyber Fraud
July 12, 2020  |  Security & Fraud

As federal investigators recognize the connections between cyber and traditional financial crimes, the U.S. Secret Service has established a single agency to fight them, the...

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Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank Faces Third Major Fraud
Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank...
July 10, 2020  |  News

In today’s top news, Marqeta prepares for an IPO, and Punjab National Bank was defrauded $491 million by one of its customers. Also, WhatsApp Business...

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FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
July 10, 2020  |  Cryptocurrency

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. Get the Full...

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Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
July 10, 2020  |  Fraud Prevention

Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply assume that all of their...

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Punjab National Bank Faces Third Major Fraud In As Many Years 
Punjab National Bank Faces Third Major Fraud In As Many Years 
July 10, 2020  |  Security & Fraud

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The...

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New Report: Why Taco Bell Says Personalization Is The Key To Acing The Mobile Order Ahead Experience
New Report: Why Taco Bell Says Personalization Is The Key To Acing The Mobile Order...
July 10, 2020  |  Mobile Order Ahead

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and...

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