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.

Security Firm AppOmni Warns of Data Exposure Loophole in SuiteCommerce
Security Firm AppOmni Warns of Data Exposure Loophole in SuiteCommerce
August 16, 2024  |  Security & Fraud

Software-as-a-service (SaaS) security company AppOmni cautioned administrators at companies using NetSuite’s SuiteCommerce platform about a common customer misconfiguration that can cause data exposure. Misconfigured access controls on custom record...

READ MORE >
IRS Targets ‘Ghost Preparers’ and Other Emerging Scams Aimed at Taxpayers
IRS Targets ‘Ghost Preparers’ and Other Emerging Scams Aimed at Taxpayers
August 16, 2024  |  Security & Fraud

After a tax filing season that saw a growing number of scams, the IRS and several partners from the private and public sectors said they’re...

READ MORE >
Why Location Is Personalization’s Superpower for Merchants
Why Location Is Personalization’s Superpower for Merchants
August 16, 2024  |  Connected Economy

In the current business landscape, consumers crave personalized experiences. In an increasingly digital world, the importance of location intelligence in marketing cannot be overstated, particularly...

READ MORE >
Chainalysis: Value of Crypto Hacks, Ransomware Payments Rise in 2024
Chainalysis: Value of Crypto Hacks, Ransomware Payments Rise in 2024
August 15, 2024  |  Security & Fraud

The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year. These increases were driven by...

READ MORE >
This Week in Web3: Blockchain Looks to Create, Not Just Store, Real-World Value
This Week in Web3: Blockchain Looks to Create, Not Just Store, Real-World Value
August 14, 2024  |  Blockchain

Blockchain, at this point a significant industry, perpetually appears to be on the verge of mainstream acceptance. Its promise of delivering benefits such as easier...

READ MORE >
Experian Expands Fraud Detection Capabilities With NeuroID Acquisition
Experian Expands Fraud Detection Capabilities With NeuroID Acquisition
August 13, 2024  |  Acquisitions

Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. Adding this new layer of insight into digital behavioral signals for both new and...

READ MORE >
Collaborative Defense: The Role of ‘Intelligent Friction’ and AI in Fraud Prevention
Collaborative Defense: The Role of ‘Intelligent Friction’ and AI in Fraud Prevention
August 13, 2024  |  Security & Fraud

Every now and then, an executive in the payments business comes up with a catchphrase that captures a complex concept, and you know it’s going...

READ MORE >
SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
August 12, 2024  |  Cryptocurrency

The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on...

READ MORE >
77% of Consumers Expect Banks to Use AI to Fight Fraud
77% of Consumers Expect Banks to Use AI to Fight Fraud
August 12, 2024  |  Fraud Prevention

Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers...

READ MORE >