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.

FTX CEO Sam Bankman-Fried Suggests Crypto Firms Limit Bug Bounties

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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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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Today in Crypto: High School Hacker to Pay $22M in AT&T Case
Today in Crypto: High School Hacker to Pay $22M in AT&T Case
October 16, 2022  |  Cryptocurrency

Twenty-year-old crypto hacker Ellis Pinsky will have to pay $22 million to the victim of his scheme, crypto investor Michael Terpin, Coindesk wrote. Get the...

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AI Provides Context Needed to Help Banks Stop Financial Scams
AI Provides Context Needed to Help Banks Stop Financial Scams
October 13, 2022  |  Security & Fraud

In a recent conversation with Karen Webster, Featurespace Founder Dave Excell and MidFirst Bank Vice President and Director of Enterprise Fraud Candler Eve sounded the...

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