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.

AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet

AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
June 04, 2018  |  Security & Fraud

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many...

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Fraudsters Go Omnichannel
Fraudsters Go Omnichannel
May 31, 2018  |  Security & Fraud

As commerce goes increasingly digital, the bad guys are going omnichannel. More and more, according to Luke Reynolds, CPO at Featurespace, fraudsters are "going back...

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Boloro Takes An ATM Approach To Consumer IDV
Boloro Takes An ATM Approach To Consumer IDV
May 31, 2018  |  Data

GDPR has organizations worried about how they handle personal data – but what if consumer authentication and security could be achieved without any data at...

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Higher Learning, Hit By Payments Fraud
Higher Learning, Hit By Payments Fraud
May 30, 2018  |  B2B Payments

Is higher education a conduit to workers skimming from their institutions of learning? Get the Full Story Complete the form to unlock this article and...

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Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
May 30, 2018  |  International

A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds...

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Kenya Charges Civil Servants In $100M Theft Of Public Funds
Kenya Charges Civil Servants In $100M Theft Of Public Funds
May 29, 2018  |  Fraud Prevention

The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public...

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Estonia Sees $13B In Money Laundering Over Four Years
Estonia Sees $13B In Money Laundering Over Four Years
May 25, 2018  |  International

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or...

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Building Better Banks
Building Better Banks
May 24, 2018  |  Today In Data

The transition of the banking world to digital has been good for customers, who, on average, check in with their mobile banking providers at least...

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Justice Department Investigates Crypto Market Manipulation
Justice Department Investigates Crypto Market Manipulation
May 24, 2018  |  Cryptocurrency

Traders may be manipulating the price of digital currencies, including bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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