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.

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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FCA Fines Monzo $28.5 Million for Accepting ‘Implausible’ Customer Info
FCA Fines Monzo $28.5 Million for Accepting ‘Implausible’ Customer Info
July 08, 2025  |  Legal & Regulation

Monzo, a digital bank in the United Kingdom, was fined 21,091,300 pounds (about $28.5 million) for deficient financial crime controls. The U.K.’s Financial Conduct Authority...

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Multibillion-Dollar Crypto Scams Reveal Hard Lessons for Global Businesses
Multibillion-Dollar Crypto Scams Reveal Hard Lessons for Global Businesses
July 07, 2025  |  Cryptocurrency

When bitcoin first appeared in 2009, it was heralded as a decentralized, peer-to-peer alternative to traditional finance. However, in the industry’s early days, before most...

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