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.

Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
December 07, 2020  |  Cybersecurity

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still...

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Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
December 06, 2020  |  B2B Payments

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls...

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MonetaGo, GUUD Team On Secure Transactions
MonetaGo, GUUD Team On Secure Transactions
December 06, 2020  |  B2B Payments

MonetaGo, which specializes in blockchain technologies, and GUUD, which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced...

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Latest Study: Geolocation Data Sharing Is Deeply Trust-Based For Banks, FIs
Latest Study: Geolocation Data Sharing Is Deeply Trust-Based For Banks, FIs
December 03, 2020  |  Fraud Prevention

Geolocation data and adjacent technologies are helping to customize and personalize shopping, banking and more, as consumers acclimatize to a commercial world that increasingly concerns...

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Bitcoin Daily: Australian Crypto Exchange Exposes 270,000 Members’ Names, Emails; Bitcoin Sees Record Number Of Users
Bitcoin Daily: Australian Crypto Exchange Exposes 270,000 Members’ Names, Emails; Bitcoin Sees Record Number Of...
December 02, 2020  |  Bitcoin

Australia’s largest cryptocurrency exchange, BTC Markets, revealed in a series of tweets that it had mistakenly revealed its client names and email addresses in an...

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New SBA Data Shows PPP Loans With Missing Details
New SBA Data Shows PPP Loans With Missing Details
December 02, 2020  |  SMBs

New Paycheck Protection Program (PPP) data from the Small Business Administration (SBA) indicates that aid moved to small businesses as well as bigger companies. The...

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Virtual Debit Cards Secure Transactions And Ease Minds
Virtual Debit Cards Secure Transactions And Ease Minds
December 02, 2020  |  Cybersecurity

As entire industry sectors wage fierce cyber-battle against internet crooks, consumers continue to be victimized by these criminals, and it’s making them extremely nervous about...

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Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021
Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021
November 30, 2020  |  Bitcoin

Bitcoin saw a new all-time record high on Monday (Nov. 30), rising above $19,800 in the morning and resting at 19,633.264 at 7:32 p.m. Eastern...

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