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.

Senior Bank Official Arrested In India’s Diamond Fraud Scandal
Senior Bank Official Arrested In India’s Diamond Fraud Scandal
February 22, 2018  |  International

A senior official of state-run Punjab National Bank (PNB) in India was arrested by federal police as part of an investigation into a $1.8 billion...

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SEC Charges BitFunder Founder With Fraud
SEC Charges BitFunder Founder With Fraud
February 21, 2018  |  Bitcoin

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday...

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UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
February 20, 2018  |  B2B Payments

U.K. consumer watchdog Which? is calling for better protections against push payment scams, according to reports. Get the Full Story Complete the form to unlock...

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Unfriending The Friendly Fraudster
Unfriending The Friendly Fraudster
February 20, 2018  |  Security & Fraud

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified’s head of chargeback recovery, calls “classic fraud,” she explained in a...

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Crypto Investors Fear In-Person Robberies
Crypto Investors Fear In-Person Robberies
February 19, 2018  |  Bitcoin

While there has been plenty to fear when it comes to hackers stealing virtual currencies from online investor accounts, reports of thieves carrying out real-life...

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City Union Bank Says Hackers Transferred $2M
City Union Bank Says Hackers Transferred $2M
February 19, 2018  |  Fraud Attack

City Union Bank, the Indian bank, disclosed this past weekend that it was hacked — with bad guys transferring close to $2 million. Get the...

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Cyberattacks Cost US Economy As Much As $109B In 2016
Cyberattacks Cost US Economy As Much As $109B In 2016
February 19, 2018  |  Security & Fraud

Cyberattacks cost the U.S. economy upwards of $109 billion in 2016, with activity coming from inside the country as well as outside. Get the Full...

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Indian Banks Could Take $3B Hit From Punjab National Bank Scheme
Indian Banks Could Take $3B Hit From Punjab National Bank Scheme
February 19, 2018  |  International

Indian banks could be on the hook for more than $3 billion thanks to a massive fraud scheme revealed by Punjab National Bank last week....

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Mueller Indictment Exposes ID Theft Risks
Mueller Indictment Exposes ID Theft Risks
February 19, 2018  |  Security & Fraud

The Russians are coming. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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