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.

Identity Theft Trade Group Says Financial Services ‘Most Breached Industry’
Identity Theft Trade Group Says Financial Services ‘Most Breached Industry’
July 16, 2025  |  Cybersecurity

The number of data breaches in the United States is on track to reach a record high in 2025, with financial services being the “most...

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Barclays Slapped With $56 Million Fine for Anti-Money Laundering Failures
Barclays Slapped With $56 Million Fine for Anti-Money Laundering Failures
July 16, 2025  |  AML

The United Kingdom’s Financial Conduct Authority fined Barclays 42 million pounds (about $56 million) for financial crime control lapses. The fine covers two cases that...

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Defense Department to Spend $1 Billion on ‘Offensive Cyber Operations’
Defense Department to Spend $1 Billion on ‘Offensive Cyber Operations’
July 15, 2025  |  Cybersecurity

The U.S. Department of Defense plans to spend $1 billion on “offensive cyber operations,” TechCrunch reported Monday (July 14). The report cited a provision in...

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Google AI Chatbot Target of Potential Phishing Attacks
Google AI Chatbot Target of Potential Phishing Attacks
July 15, 2025  |  Cybersecurity

Researchers discovered a security threat in Google’s artificial intelligence chatbot. AI security company 0din flagged the problem after it was altered to a security vulnerability...

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Visa and Featurespace Take Fraud Fight to New Arena
Visa and Featurespace Take Fraud Fight to New Arena
July 15, 2025  |  Fraud Prevention

Watch more: Visa and Featurespace Tackle Deepfakes as Fraud Fight Turns Predictive In today’s war against financial fraud, the battlefield is evolving faster than ever,...

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CTM360 Identifies 17,000 Fake News Sites Promoting Investment Fraud
CTM360 Identifies 17,000 Fake News Sites Promoting Investment Fraud
July 14, 2025  |  Cybersecurity

Scammers are using fake news websites that mimic trusted media brands to spread and promote investment fraud, according to digital risk protection platform CTM360. The...

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SEC Alleges Georgia-Based First Liberty Building & Loan Operated Ponzi Scheme
SEC Alleges Georgia-Based First Liberty Building & Loan Operated Ponzi Scheme
July 11, 2025  |  Cybersecurity

The Securities and Exchange Commission (SEC) said Friday (July 11) that it filed charges against Newnan, Georgia-based First Liberty Building & Loan and its founder...

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CFOs Face Pressure to ‘Slow Down to Speed Up’ Payments
CFOs Face Pressure to ‘Slow Down to Speed Up’ Payments
July 11, 2025  |  B2B Payments

Watch more: CFOs Face Mounting Pressure to Secure Faster B2B Payment Rails B2B payments risk is no longer a back-office headache; it’s a C-level priority....

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UK Watchdog Shutters 1,600 Unlawful Financial Services Websites
UK Watchdog Shutters 1,600 Unlawful Financial Services Websites
July 10, 2025  |  Legal & Regulation

The United Kingdom’s Financial Conduct Authority shuttered over 1,600 websites last year suspected of promoting financial services without permission. The sites were either suspended, removed...

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