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.

OCC Does A 180: Fake Accounts Not A Common Problem

OCC Does A 180: Fake Accounts Not A Common Problem
OCC Does A 180: Fake Accounts Not A Common Problem
June 08, 2018  |  Banking

Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to...

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Is Mobile Device First The Best Defense Against Online Fraudsters?
Is Mobile Device First The Best Defense Against Online Fraudsters?
June 08, 2018  |  Cybersecurity

Consumers want a seamless transaction. Banks and enterprises want to know the person trying to transact is legit. The digital realm is ripe with challenge...

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Mastercard Announces The Launch Of AI Express
Mastercard Announces The Launch Of AI Express
June 04, 2018  |  Mastercard

To help companies that want to jump into the artificial intelligence (AI) revolution — but are perhaps unsure where to actually start — the team...

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AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
June 04, 2018  |  Cybersecurity

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many...

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Fraudsters Go Omnichannel
Fraudsters Go Omnichannel
May 31, 2018  |  Cybersecurity

As commerce goes increasingly digital, the bad guys are going omnichannel. More and more, according to Luke Reynolds, CPO at Featurespace, fraudsters are "going back...

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Boloro Takes An ATM Approach To Consumer IDV
Boloro Takes An ATM Approach To Consumer IDV
May 31, 2018  |  Data & Research

GDPR has organizations worried about how they handle personal data – but what if consumer authentication and security could be achieved without any data at...

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Higher Learning, Hit By Payments Fraud
Higher Learning, Hit By Payments Fraud
May 30, 2018  |  B2B Payments

Is higher education a conduit to workers skimming from their institutions of learning? Get the Full Story Complete the form to unlock this article and...

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Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
May 30, 2018  |  Cross-border Payments

A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds...

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