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.

M&T Bank Says Blanket Approach To Security Smothers Customer Experience
M&T Bank Says Blanket Approach To Security Smothers Customer Experience
August 19, 2021  |  Fraud Prevention

March 2020 marked a watershed moment for digital banking. It marked the mass acceleration away from branches and onto banking sites and apps, with more...

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Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
August 18, 2021  |  Fraud Prevention

Video game developer Valve plugged a security bug that could have been used by gamers to fill their Steam wallets with unlimited funds, ThreatPost and...

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SEC Fines Pearson $1M For Misleading Investors About Data Breach
SEC Fines Pearson $1M For Misleading Investors About Data Breach
August 16, 2021  |  Security & Fraud

Pearson, which is a London-based company working on educational publishing, has agreed to pay $1 million on charges that it misled investors about a 2018...

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T-Mobile Says It’s Working To Address Cybersecurity Incident
T-Mobile Says It’s Working To Address Cybersecurity Incident
August 16, 2021  |  Security & Fraud

T-Mobile data may have been accessed illegally, the company announced in a Monday (Aug. 16) press release, noting it is “working around the clock” to...

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Hackers Reportedly Selling Data On 100M T-Mobile Users
Hackers Reportedly Selling Data On 100M T-Mobile Users
August 16, 2021  |  Security & Fraud

T-Mobile is investigating claims that sensitive information from 100 million users is being sold on the dark web, Motherboard reported, citing contact with the seller...

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Two-Thirds Of Consumers Would Cut Ties With Merchants Over A Single Online Fraud Incident
Two-Thirds Of Consumers Would Cut Ties With Merchants Over A Single Online Fraud Incident
August 15, 2021  |  eCommerce

New research shows a zero-tolerance attitude among consumers toward online theft in eCommerce today, with 65 percent or more saying a single incident can lose...

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Intuit On The Two-Pronged Advantages Of Deploying Behavioral Analytics
Intuit On The Two-Pronged Advantages Of Deploying Behavioral Analytics
August 13, 2021  |  Authentication

Cybersecurity is a constant concern as digital engagement soars and bad actors have access to an unprecedented amount of entry points to customer accounts. Get...

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Data Shows Employees Tried 65 Million Times To Export Source Code In Q2
Data Shows Employees Tried 65 Million Times To Export Source Code In Q2
August 12, 2021  |  Security & Fraud

Employees at various companies are increasingly taking sensitive computer code with them as they quit their jobs, the Financial Times (FT) reported. Get the Full...

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Bitcoin Daily: Ukraine Shuts Alleged Crypto-Laundering Network; Crypto Tax, Accounting Software Firm TaxBit Nets $130M
Bitcoin Daily: Ukraine Shuts Alleged Crypto-Laundering Network; Crypto Tax, Accounting Software Firm TaxBit Nets $130M
August 12, 2021  |  Bitcoin

The Security Service of Ukraine (SBU) has shut down several cryptocurrency exchanges that were being used since the beginning of this year to anonymize transactions,...

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