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.

Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
December 17, 2021  |  Security & Fraud

Federal prosecutors say that a former Olympic speed skater fraudulently obtained $10 million in COVID relief funds, using some of that money to finance a...

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‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021  |  Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. Get the Full Story...

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Visa Reports EMV® 3DS Delivers 35% Less Fraud, More Approvals, Superior Shopping Experience
Visa Reports EMV® 3DS Delivers 35% Less Fraud, More Approvals, Superior Shopping Experience
December 16, 2021  |  Security & Fraud

When consumers rushed into online shopping at the beginning of the pandemic, fraudsters were not far behind. In particular, the accelerated growth of eCommerce and...

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2021 Crypto Scams Top $7.7B, Fueled by DeFi-Friendly ‘Rug Pulls’
2021 Crypto Scams Top $7.7B, Fueled by DeFi-Friendly ‘Rug Pulls’
December 16, 2021  |  Cryptocurrency

When South Africa-based cryptocurrency exchange Luno discovered that many of its clients were being targeted by a project that promised investors returns so large that...

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Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges
Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges
December 15, 2021  |  Security & Fraud

Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes.  Get the Full Story Complete the form to unlock this article and...

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Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
December 15, 2021  |  AML

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Report: Businesses Challenged to Close the Consumer Biometric Perception vs. Use Gap
Report: Businesses Challenged to Close the Consumer Biometric Perception vs. Use Gap
December 15, 2021  |  Authentication

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Log4j Vulnerability Causes Nearly 900K Cyberattacks in Four Days
Log4j Vulnerability Causes Nearly 900K Cyberattacks in Four Days
December 14, 2021  |  Security & Fraud

There have been over 840,000 attacks on companies since Friday (Dec. 10) due to a vulnerability in the open-source Log4j software, Ars Technica reported. Get...

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Visa Warns of Dishonest ‘Cashless ATM’ Schemes
Visa Warns of Dishonest ‘Cashless ATM’ Schemes
December 13, 2021  |  Security & Fraud

Visa has warned of a new scheme where point of service (POS) devices being dishonestly pushed as “cashless ATMs” are being put out at various...

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