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: Protecting Platform Payments

Deep Dive: Protecting Platform Payments
Deep Dive: Protecting Platform Payments
August 24, 2018  |  Security & Fraud

Online payment platforms have changed how worldwide consumers do business. Ride hailing platforms and short-term rental websites aren’t the only ones looking to get in...

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Today In Data: The Building Blocks Of An On-Demand World
Today In Data: The Building Blocks Of An On-Demand World
August 23, 2018  |  Today In Data

The world does not look radically different from the place it was 20 years ago, at least not at a quick glance. But zoom in...

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Phishers Target Amex, NAB Clients
Phishers Target Amex, NAB Clients
August 23, 2018  |  B2B Payments

Customers of National Australia Bank (NAB) and American Express became the targets of a recent phishing scam spree in Australia, according to MailGuard reports this...

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Fiserv Rolls Out Enhanced Consumer Authentication Solutions
Fiserv Rolls Out Enhanced Consumer Authentication Solutions
August 22, 2018  |  Security & Fraud

Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. 22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication...

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150 Billion Consumer Records At Risk
150 Billion Consumer Records At Risk
August 22, 2018  |  Security & Fraud

Despite the implementation of stricter cybersecurity and privacy-focused regulations such as GDPR and PSD2, cybercrime remains a threat to businesses and consumers around the world....

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Big Banks Plagued By Dark Tequila Malware
Big Banks Plagued By Dark Tequila Malware
August 21, 2018  |  Security & Fraud

Kaspersky Lab announced on Tuesday (Aug. 21) that it discovered a sophisticated cyber-operation named Dark Tequila, which has been targeting Mexicans for the past five years. Using...

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In South Africa, Debit Order Fraud Grows
In South Africa, Debit Order Fraud Grows
August 21, 2018  |  Security & Fraud

Amid the headlines about cryptocurrency fraud, hacked digital wallets, data breaches and synthetic identities, some methods of making off with ill-gotten gains may fly a...

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SEC: Financial Advisor Ameriprise To Pay $4.5M Fine
SEC: Financial Advisor Ameriprise To Pay $4.5M Fine
August 16, 2018  |  Regulation

The U.S. Securities and Exchange Commission (SEC) announced, according to Reuters, that it has charged Ameriprise Financial, a registered investment advisor and broker-dealer, $4.5 million due...

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Turning To AI To Reduce Digital Banking Risks
Turning To AI To Reduce Digital Banking Risks
August 16, 2018  |  Digital Banking

Implementing AI might be all the rage, but are banks buying too much into the hype? FIs need to cut through the noise and find...

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