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.

Axiad Raises $25 Million to Bolster ID Verification Offerings
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024  |  Security & Fraud

Identity security firm Axiad has raised $25 million in a new funding round. The financing, announced last week, will be used for product development, hiring,...

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UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
August 02, 2024  |  Security & Fraud

The United Kingdom’s National Crime Agency (NCA) reported Thursday (Aug. 1) that it shut down a platform that was used to make 1.8 million scam calls...

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Rewards Drive Mobile Wallet Use for One-Third of eCommerce Shoppers
Rewards Drive Mobile Wallet Use for One-Third of eCommerce Shoppers
August 01, 2024  |  Loyalty & Rewards

Rewards are a stronger draw for digital wallet users shopping via digital channels than those making purchases in person. By the Numbers A survey of...

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Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
August 01, 2024  |  Payments Innovation

The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The...

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SEC: Founder of Social Platform IRL Defrauded Investors
SEC: Founder of Social Platform IRL Defrauded Investors
August 01, 2024  |  Security & Fraud

In internet lingo, the abbreviation IRL means “in real life.” But for the now defunct social media platform IRL, reality and the picture the company painted...

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Cyberattack on World’s Largest Silver Producer Shows Data Is the New Gold
Cyberattack on World’s Largest Silver Producer Shows Data Is the New Gold
August 01, 2024  |  Cybersecurity

Effective cybersecurity programs are critical for today’s traditional industries, where IT spending is low and historically deprioritized relative to other initiatives. As these industries undergo...

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Velera Debuts ID Verification Tool for Credit Union Members
Velera Debuts ID Verification Tool for Credit Union Members
August 01, 2024  |  Identity

Credit union service organization Velera has introduced an identity security/authentication tool. IDCheck by Co-op, announced Thursday (Aug. 1), is available to members of the Co-op...

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8 in 10 Large Merchants Have Faced Cyber Attacks in Past Year
8 in 10 Large Merchants Have Faced Cyber Attacks in Past Year
August 01, 2024  |  Cybersecurity

Merchants in the United States, particularly those handling international transactions, are grappling with increasing cybersecurity challenges. With 82% of large merchants reporting data and cyber...

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Defending Against the Scam-Filled Fallout From Digital Disruptions
Defending Against the Scam-Filled Fallout From Digital Disruptions
July 31, 2024  |  Security & Fraud

Fraudsters are drawn to compromised digital ecosystem like ants to a picnic. Bad news for companies creates opportunities for criminals — with disruptions like the...

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