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.

FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
July 18, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who...

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CoinDash: Hackers Made Off With $7M During ICO
CoinDash: Hackers Made Off With $7M During ICO
July 18, 2017  |  Security & Fraud

The clinking sound you heard was someone making off with the cryptocurrency.  CoinDash, the startup focused on blockchain, reported Bloomberg News, has been the victim...

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Online Lending’s New “Colossus”
Online Lending’s New “Colossus”
July 18, 2017  |  B2B Payments

It used to be that small businesses needing loans could wait weeks or months for a decision from the provider, with pre-qualification steps taking up...

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Wells Fargo Spinning Off Businesses Following Scandal
Wells Fargo Spinning Off Businesses Following Scandal
July 17, 2017  |  Banking

Following a fake accounts scandal and thousands of employees committing fraud, Wells Fargo has been in hot water over the past few months, and it...

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The Part Of Fraud That’s On The Decline
The Part Of Fraud That’s On The Decline
July 17, 2017  |  Security & Fraud

Catching fraudsters isn’t as easy as just checking the IP address of an order anymore. Today’s fraudsters are smart, well-funded and coordinated, much more so...

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Are You Ready For A Cyberattack?
Are You Ready For A Cyberattack?
July 14, 2017  |  Security & Fraud

The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands...

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Biometric Data At Risk In POS Malware Attacks
Biometric Data At Risk In POS Malware Attacks
July 12, 2017  |  Security & Fraud

Another day, another fraud attack. But this one is unique because, at least at first, it was believed that consumer biometric data may have been...

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RSA: Biometrics Are The Sweet Spot Between Convenience And Security
RSA: Biometrics Are The Sweet Spot Between Convenience And Security
July 12, 2017  |  Security & Fraud

Teach a man to phish and he’ll launch a phishing attempt every 30 seconds for the rest of his life. So what can businesses do...

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Wells Fargo To Pay $142 Million To Customers
Wells Fargo To Pay $142 Million To Customers
July 11, 2017  |  Banking

The customers affected by Well’s Fargo’s account creation scandal have come to a settlement agreement with the bank, and a federal judge has offered preliminary...

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