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.

Cyber Insurance Firm Baobab Secures $4m in Pre-Seed Round
Cyber Insurance Firm Baobab Secures $4m in Pre-Seed Round
January 18, 2022  |  Investments

The timing couldn’t be better for Baobab, the Berlin-based cyber insurance company, to raise $3.5 million euros ($4 million) in pre-seed financing. Get the Full...

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nsKnox: 2021 Was the Year of WFH and Increased Fraud
nsKnox: 2021 Was the Year of WFH and Increased Fraud
January 18, 2022  |  Opinion

Working from home gave fraudsters new vulnerabilities to exploit as companies were forced to reinvent business processes using distributed teams. Nithai Barzam, chief operating officer...

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Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
January 18, 2022  |  Mastercard

Mastercard and four other companies were fined a total of £33 million ($45.01 million) for their practices involving prepaid cards, with Mastercard being hit with...

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If You Were a Victim of Payment Fraud, Would You Know?
If You Were a Victim of Payment Fraud, Would You Know?
January 17, 2022  |  Security & Fraud

How long would it take you to realize you were the victim of payments fraud — an hour? A day? A week? Get the Full...

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How Credit Unions Are Fighting Online Fraud
How Credit Unions Are Fighting Online Fraud
January 17, 2022  |  Credit Unions

When you think of a credit union (CU), it’s easy to picture a place that values member relations and face-to-face banking. Get the Full Story...

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UK’s FCA Issued $775M in Fines in 2021
UK’s FCA Issued $775M in Fines in 2021
January 17, 2022  |  International

A rise in financial crime fueled by the pandemic led the U.K.’s Financial Conduct Authority (FCA) to issue 568 million British pounds (about $775 million)...

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Today in Data: Battling Fraud With Data, December Retail Sales Slump, Meeting Consumers’ Dietary Needs
Today in Data: Battling Fraud With Data, December Retail Sales Slump, Meeting Consumers’ Dietary Needs
January 17, 2022  |  Today In Data

Today in Data, December retail sales slumped as the omicron variant surged across the U.S. and around the world. Plus, fraudsters becoming increasingly frustrated by...

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North Korean Hackers Swiped $400M in Crypto Last Year
North Korean Hackers Swiped $400M in Crypto Last Year
January 14, 2022  |  Cryptocurrency

Hackers from North Korea swiped close to $400 million in cryptocurrencies across at least seven cyberattacks that targeted investment firms and centralized exchanges, with 58%...

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Scammers Using Fake QR Codes on Parking Meters to Divert Payments
Scammers Using Fake QR Codes on Parking Meters to Divert Payments
January 13, 2022  |  Security & Fraud

Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept...

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