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.

HBOS Fraud Compensation Review Discovers ‘Shortcomings’
HBOS Fraud Compensation Review Discovers ‘Shortcomings’
December 11, 2019  |  B2B Payments

Small to medium-sized businesses (SMBs) impacted by fraudulent activity within Lloyds-owned HBOS could be in line for larger compensation payouts after an independent review found...

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Survey: Cross-Border B2B Payments Growth Raises Fraud Risk
Survey: Cross-Border B2B Payments Growth Raises Fraud Risk
December 10, 2019  |  B2B Payments

Fraud and data security are quickly climbing to the top of accounts payable (AP) professionals’ list of concerns, according to new data from Levvel Research....

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The Fraud That 85 Percent Of Fraud Detection Systems Miss
The Fraud That 85 Percent Of Fraud Detection Systems Miss
December 10, 2019  |  Security & Fraud

The battle against fraudsters in the digital era has evolved into a never-ending arms race. The tools we use to detect, score and prevent fraud...

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Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
December 09, 2019  |  Security & Fraud

A lawyer on Monday (Dec. 9) was convicted in Swiss court of laundering money and forgery for stealing shares from Belgium’s richest family, according to...

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SEC Eyes Trade Finance FinTech For Ponzi Scheme Activity
SEC Eyes Trade Finance FinTech For Ponzi Scheme Activity
December 09, 2019  |  Security & Fraud

International Investment Group (IIG), which provides loans to small and medium-sized businesses (SMBs), lost its license after the U.S. Securities and Exchange Commission (SEC) revoked...

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Deep Dive: Countering Involuntary Subscription Churn
Deep Dive: Countering Involuntary Subscription Churn
December 06, 2019  |  Cross-border Payments

Subscribers expect frictionless payment experiences, whether they are accessing videos, music or software as a service (SaaS). Some subscribers may eventually choose to abandon their...

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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019  |  Security & Fraud

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the...

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Deep Dive: The Fight To Stop Biometric Spoofing
Deep Dive: The Fight To Stop Biometric Spoofing
December 05, 2019  |  Authentication

Biometric authentication is one of the hottest trends in the digital ID space. Users demand both ironclad security and seamless login experiences, and biometrics are...

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Instart Releases Anti-eSkimming Product ‘Privacy Alert’
Instart Releases Anti-eSkimming Product ‘Privacy Alert’
December 05, 2019  |  Fraud Prevention

Computing and security company Instart has released a new product meant to fight against the practice of eSkimming, which is when criminals scan websites for...

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