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.

AWS and Mastercard Lead Industry Coalition to Fight Economic Crime
AWS and Mastercard Lead Industry Coalition to Fight Economic Crime
September 02, 2024  |  Fraud Prevention

The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. The U.K.-based group announced the effort Monday (Sept. 2), noting it...

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Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
September 02, 2024  |  Legal

A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject...

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Decoding Cybersecurity: Understanding FedRAMP and ISO 27001 Standards
Decoding Cybersecurity: Understanding FedRAMP and ISO 27001 Standards
August 30, 2024  |  News

Contemporary businesses operate in an era marked by surging cyberthreats and data breaches. That’s according to a Thursday (Aug. 29) joint cybersecurity advisory by the...

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Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
Singapore Considers Bill Allowing Police to Stop Transfers to Scammers
August 30, 2024  |  Security & Fraud

Singapore is considering a bill that would allow police to order banks to temporarily prevent people from sending money to scammers. The country’s Ministry of...

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Regulatory Change Tops List of Payments Unexpected Threats
Regulatory Change Tops List of Payments Unexpected Threats
August 30, 2024  |  Opinion

The rise of technology requires a careful balance between innovation and risk management, i2c Chief Client Officer Serena Smith writes in a new PYMNTS eBook,...

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Guarding the Gate: Cyberattacks Won’t Stop, But Their Fallout Can Be Prevented
Guarding the Gate: Cyberattacks Won’t Stop, But Their Fallout Can Be Prevented
August 29, 2024  |  Cybersecurity

Most businesses have a target on their back. And for good reason — their data and credentials are incredibly valuable to fraudsters, especially when it...

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Mastercard Brings Payment Passkey Service to India
Mastercard Brings Payment Passkey Service to India
August 29, 2024  |  Mastercard

Mastercard chose India for the launch of its Payment Passkey Service. The online checkout security measure comes as India is dealing with a surge in...

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Dick’s Sporting Goods Uncovers Cybersecurity Breach
Dick’s Sporting Goods Uncovers Cybersecurity Breach
August 28, 2024  |  Cybersecurity

Dick’s Sporting Goods is the latest high-profile organization dealing with an information systems breach. The retailer revealed the incident in a filing with the Securities...

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Report: TD Bank’s Money Laundering Troubles Could Lead to CEO Change
Report: TD Bank’s Money Laundering Troubles Could Lead to CEO Change
August 28, 2024  |  Personnel

TD Bank’s ongoing issues with its anti-money laundering (AML) controls could usher in a leadership change. That’s according to a Wednesday (Aug. 28) Reuters report,...

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