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.

Offloading Cyber Defense Amid Tech’s Great Unknowns

Offloading Cyber Defense Amid Tech’s Great Unknowns
Offloading Cyber Defense Amid Tech’s Great Unknowns
May 14, 2019  |  Security & Fraud

Cyber insurance firm Coalition just raised $40 million in funding to boost staff, and a data platform that analyzes and underwrites cyber risk. CEO Joshua...

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Boost Mobile Notifies Customers Of Hacking Attack
Boost Mobile Notifies Customers Of Hacking Attack
May 13, 2019  |  Security & Fraud

Boost Mobile, a network owned by Sprint, has notified customers of a hacker attack that accessed an unknown number of accounts, according to a report....

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Steering Clear Of Banking’s ‘Single Point Of Failure’
Steering Clear Of Banking’s ‘Single Point Of Failure’
May 13, 2019  |  Authentication

Banking — especially mobile banking — offers ‘single points of failure’ that allow fraudsters to make off with victims’ data and money.  Karl Kilb III,...

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US Crypto Investor Awarded $75M In Fraud Suit
US Crypto Investor Awarded $75M In Fraud Suit
May 12, 2019  |  Security & Fraud

Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a scheme to defraud...

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Jumia’s Shares Slide On Fraud Claims By Short Seller
Jumia’s Shares Slide On Fraud Claims By Short Seller
May 10, 2019  |  Investments

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on...

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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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