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.

JPMorgan: ‘Pressure Testing’ Key to Helping Treasurers Fight Payments Fraud
JPMorgan: ‘Pressure Testing’ Key to Helping Treasurers Fight Payments Fraud
October 21, 2022  |  Security & Fraud

“The move to digital has been a wonderful thing,” JPMorgan Head of Client Fraud Prevention for Commercial Banking Alec Grant told Karen Webster. Get the...

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Binance Names Ex-FBI Agent BJ Kang to Head Investigations Team
Binance Names Ex-FBI Agent BJ Kang to Head Investigations Team
October 20, 2022  |  Cryptocurrency

BJ Kang, a retired FBI agent who had a hand in unraveling some of Wall Street’s biggest insider trading schemes, has been named head of...

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FTX CEO Sam Bankman-Fried Suggests Crypto Firms Limit Bug Bounties
FTX CEO Sam Bankman-Fried Suggests Crypto Firms Limit Bug Bounties
October 20, 2022  |  Cryptocurrency

Saying the hacks that have hit the cryptocurrency industry have been too prevalent and too large, FTX CEO Sam Bankman-Fried has drafted a proposed set...

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Checkout.com Introduces Fraud Detection Tool for Merchants
Checkout.com Introduces Fraud Detection Tool for Merchants
October 19, 2022  |  Security & Fraud

The U.K.-based payments service provider Checkout.com on Wednesday (Oct. 19) announced the launch of a new anti-fraud tool, Fraud Detection Pro. Get the Full Story Complete...

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Today in Crypto: Lawmaker Says US Needs CBDC to Remain in ‘the game’; BitKeep Wallet to Reimburse Users in $1M Hack
Today in Crypto: Lawmaker Says US Needs CBDC to Remain in ‘the game’; BitKeep Wallet...
October 18, 2022  |  Cryptocurrency

Crypto wallet BitKeep has been hacked for more than $1 billion in BNB Chain and Polygon-based tokens on Tuesday (Oct. 18), a Coindesk report said....

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UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
October 18, 2022  |  Security & Fraud

In the never-ending cat-and-mouse game between those looking to defraud consumers and others looking to protect them, the advent of enhanced Strong Customer Authentication (SCA)...

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CFPB: Active Network Duped Users Into $300M in Junk Fees
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription...

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Featurespace, Global Processing Services Team to Detect Issuer Payments Fraud
Featurespace, Global Processing Services Team to Detect Issuer Payments Fraud
October 18, 2022  |  Partnerships

Payments technology company Global Processing Services (GPS) is advancing its fraud detection capabilities through a new collaboration with fraud detection and risk management firm Featurespace....

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95% of FIs Tap Power of Receipt Data
95% of FIs Tap Power of Receipt Data
October 17, 2022  |  Data

Receipts aren’t just pieces of paper that end up at the bottom of your shopping bag. Get the Full Story Complete the form to unlock...

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