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.

Gold Was The Bribe Of Choice In India’s Diamond Heist Scandal
Gold Was The Bribe Of Choice In India’s Diamond Heist Scandal
March 05, 2018  |  Security & Fraud

An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of...

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Feds File Charges In International Fraud Scheme Involving A Picasso
Feds File Charges In International Fraud Scheme Involving A Picasso
March 02, 2018  |  Security & Fraud

For their alleged roles in a massive stock fraud and money laundering scam involving a Picasso, the U.S. Department of Justice has criminally charged 10...

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Millennials Lose More Money To Scams Than Seniors
Millennials Lose More Money To Scams Than Seniors
March 02, 2018  |  Security & Fraud

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit...

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TransNational Rolls Out Payments API With AI-Powered Security
TransNational Rolls Out Payments API With AI-Powered Security
March 02, 2018  |  B2B Payments

TransNational Payments is launching a payments application programming interface (API) for developers, the company announced on Thursday (March 1). Get the Full Story Complete the...

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Trade Finance Takes Hit From India’s $2 Billion Bank Fraud Fallout
Trade Finance Takes Hit From India’s $2 Billion Bank Fraud Fallout
February 28, 2018  |  B2B Payments

The fallout continues from the $2 billion fraud scandal that hit India’s financial services market, according to news from Bloomberg on Tuesday (Feb. 27), with consequences now spreading...

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After Mueller Indictments, Is Social Security’s Number Up?
After Mueller Indictments, Is Social Security’s Number Up?
February 28, 2018  |  Authentication

Special counselor Robert Mueller recently indicted 13 Russians for using stolen identities to illegally open U.S. bank accounts and meddle in the 2016 election. Given...

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The Global Travel Market Has A B2B Payments Fraud Problem
The Global Travel Market Has A B2B Payments Fraud Problem
February 27, 2018  |  B2B Payments

Business spend on travel reached $1.15 trillion in 2016, but companies aren’t always able to see where their dollars are going. That certainly presents problems...

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NEW REPORT: Mueller Indictments Prompt Calls For National ID System
NEW REPORT: Mueller Indictments Prompt Calls For National ID System
February 27, 2018  |  Authentication

In the digital identity space, biometrics have become all the rage. In several markets around the world, biometric solutions are gaining ground among consumers, companies...

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Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
February 23, 2018  |  Fraud Prevention

Visa announced news on Friday (Feb. 23) that counterfeit fraud, as measured in dollars, dropped 70 percent in September 2017 compared to December of 2015....

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