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.

Deep Dive: How Banks Will Become Key Verification Players
Deep Dive: How Banks Will Become Key Verification Players
May 10, 2019  |  Authentication

Consumers want authentication to be both seamless and secure, and many expect online merchants to safeguard their personally identifiable information. Not all businesses are able...

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Accounts Receivable Evolves, Tackles Digital Advertising’s Biggest Challenges
Accounts Receivable Evolves, Tackles Digital Advertising’s Biggest Challenges
May 10, 2019  |  B2B Payments

More than 1 million people canceled their television cable subscriptions in the first quarter of 2019 alone, and not because they aren’t consuming TV media...

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Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

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SEC Votes To Ease Audit Mandates For Small Public Firms
SEC Votes To Ease Audit Mandates For Small Public Firms
May 10, 2019  |  B2B Payments

The U.S. Securities and Exchange Commission voted Thursday (May 9) to ease requirements for smaller public companies to be audited by external firms, reports in The...

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Loomis To Launch Internal Money Laundering Inquiry
Loomis To Launch Internal Money Laundering Inquiry
May 09, 2019  |  Security & Fraud

Loomis, the Swedish cash handling company, said it will launch an internal inquiry into allegations it was involved in a money laundering scandal in Denmark....

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Citi Adds Biometrics To Its ‘Security Perimeter’
Citi Adds Biometrics To Its ‘Security Perimeter’
May 09, 2019  |  Authentication

A single data breach costs a business $3.86 million on average. The high risks and costs of breaches, says Tapodyuti Bose, Global Head of Channel...

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Amazon Merchants Affected By Cyberattack
Amazon Merchants Affected By Cyberattack
May 08, 2019  |  Security & Fraud

Amazon was the target of an “extensive” cyberattack in which hackers stole money from merchant accounts and funneled them into their own, according to a...

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MoneyGram’s Q1 Slide Overshadows Digital Growth
MoneyGram’s Q1 Slide Overshadows Digital Growth
May 08, 2019  |  Earnings

MoneyGram shares were pummeled in intraday trading on the heels of reporting results that lagged expectations and showed the lingering impact of an ongoing restructuring...

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Bitcoin Daily: NYAG To Clarify Bitfinex Demands In Court; OneCoin Sued By Defrauded Investors
Bitcoin Daily: NYAG To Clarify Bitfinex Demands In Court; OneCoin Sued By Defrauded Investors
May 08, 2019  |  Bitcoin

The New York Attorney General (NYAG) will try to make its case against Bitfinex after receiving a court order to refine its demands on the...

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