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.

CFPB Recoups $24.5M For Consumers Hit With Illegal Payment Collection

CFPB Recoups $24.5M For Consumers Hit With Illegal Payment Collection
CFPB Recoups $24.5M For Consumers Hit With Illegal Payment Collection
July 01, 2016  |  Security & Fraud

The Consumer Financial Protection Bureau said Thursday (June 30) that it has, through the first four months of 2016, recovered $24.5 million for consumers harmed...

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Breaking Down The Big Business Of Fraud
Breaking Down The Big Business Of Fraud
June 23, 2016  |  Security & Fraud

Cybercriminals run their operations far more like legitimate businesses than we’d like to think. Most fraudsters are both well-organized and sophisticated, able to plan and...

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Visa Reduces Fraud At The Pump By 50+ Percent
Visa Reduces Fraud At The Pump By 50+ Percent
June 14, 2016  |  Security & Fraud

Gas stations are a hot spot for card fraud. Mark Nelsen, Visa’s SVP of Risk Products, shares new data on how Visa Transaction Advisor has...

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For Chargebacks, A 50 bp Rule Of Thumb
For Chargebacks, A 50 bp Rule Of Thumb
June 14, 2016  |  Security & Fraud

Chargebacks can sink profits and reputations — and more often than not they're tied to fraud. Once they hit 50 bps of transactions, says a...

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SEC Goes After ‘Fraudulent’ Invoice Financing Firm
SEC Goes After ‘Fraudulent’ Invoice Financing Firm
June 09, 2016  |  B2B Payments

In what lawyers for the Securities and Exchange Commission described as a case that “presents an emergency,” the U.S. regulator moved to shut down a Miami-based...

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BioCatch Boosts Behavioral Biometrics Tech
BioCatch Boosts Behavioral Biometrics Tech
June 09, 2016  |  Security & Fraud

BioCatch, a global behavioral authentication and malware detection company, announced on Wednesday (June 8) that it will extend its collaboration with Microsoft Azure to increase...

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