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.

The Biometric Authentication Generation Gap
The Biometric Authentication Generation Gap
January 06, 2022  |  Biometrics

Fraud may be on the rise, but the number of consumers using biometric authentication methods has not risen with it. Get the Full Story Complete...

READ MORE >
Crypto Crime Up 79% Against Transaction Volume Surge of 567%
Crypto Crime Up 79% Against Transaction Volume Surge of 567%
January 06, 2022  |  Cryptocurrency

The widespread adoption of cryptocurrency broke transaction volume records in 2021, but the 567% surge had a magnetic pull on cybercriminals, who turned to the...

READ MORE >
Theranos Guilty Verdict Shows the Dangers of Groupthink
Theranos Guilty Verdict Shows the Dangers of Groupthink
January 04, 2022  |  Legal

The jury is in, literally, on Elizabeth Holmes, the one-time siren of Silicon Valley who raised close to $1 billion in capital to fund a...

READ MORE >
For Banks Hunting Fraudsters, There’s No Magic Bullet
For Banks Hunting Fraudsters, There’s No Magic Bullet
January 04, 2022  |  Security & Fraud

Online fraudsters have gotten more and more sophisticated, making it tougher or financial institutions (FIs) to tell the difference between customer and scammer. Get the...

READ MORE >
The 51% Attack: Crypto’s Double-Spending Achilles Heel
The 51% Attack: Crypto’s Double-Spending Achilles Heel
January 03, 2022  |  Cryptocurrency

Once written onto the blockchain, a cryptocurrency transaction is immutable — it cannot be changed, canceled or reversed. Get the Full Story Complete the form...

READ MORE >
T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
December 29, 2021  |  Security & Fraud

T-Mobile has confirmed that it was aware of SIM swap attacks affecting what it said was a “very small” number of customers, Bleeping Computer reported...

READ MORE >
75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
December 28, 2021  |  Artificial Intelligence

Acquiring banks are under intense pressure to process transactions efficiently while detecting and preventing fraud attempts. That’s a growing challenge due to recent increases in both...

READ MORE >
Crypto Scammers Will Face Jail, Hefty Fines in UAE
Crypto Scammers Will Face Jail, Hefty Fines in UAE
December 28, 2021  |  Security & Fraud

The United Arab Emirates is serious about cracking down on promoters of online cryptocurrency scams. These cybercriminals now face five years in prison and a fine of up to more than $270,000. Get the Full Story...

READ MORE >
Over 10% Of Credit and Debit Card Users Experienced Fraud in the Last 12 Months
Over 10% Of Credit and Debit Card Users Experienced Fraud in the Last 12 Months
December 24, 2021  |  Security & Fraud

Credit and debit card users are experiencing significant levels of fraud. Eleven percent of consumers reported an incident of fraud in connection with their digital debit...

READ MORE >