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.

FTC Requires LendingClub To Clearly List Loan Fees
FTC Requires LendingClub To Clearly List Loan Fees
July 15, 2021  |  Legal

LendingClub, the online lender, has agreed to pay $18 million in order to settle charges of reportedly deceiving customers, the Federal Trade Commission (FTC) reported Thursday (July...

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US, Canadian Authorities Save Company From $750K BEC Scam
US, Canadian Authorities Save Company From $750K BEC Scam
July 15, 2021  |  B2B Payments

An unnamed U.S. company was saved from losing approximately $750,000 after the Canadian Anti-Fraud Centre (CAFC) shared a tip about a potential business email compromise...

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FTC: Americans Lost Nearly $500M To COVID Fraud
FTC: Americans Lost Nearly $500M To COVID Fraud
July 14, 2021  |  Security & Fraud

The proliferation of fraud and scams involving COVID-19 has dealt heavy fiscal blows to Americans’ wallets, according to data from the Federal Trade Commission (FTC),...

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Russian Hacking Group Responsible For Ransomware Goes Dark
Russian Hacking Group Responsible For Ransomware Goes Dark
July 13, 2021  |  Security & Fraud

REvil, a known Russian hacking group, has gone offline — only days after U.S. President Joe Biden mandated that Russian President Vladimir Putin handle the...

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Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To Buy Bitcoin Sentenced To Three Years
Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To...
July 13, 2021  |  Bitcoin

Nassim Nicholas Taleb, the author of “The Black Swan” and a probability researcher and former quantitative trader, previously spoke highly of bitcoin. Now, he has...

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UK Cops Seize $249M In Crypto Crackdown
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021  |  Security & Fraud

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported...

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Fashion Brand Guess Data Breach Impacts Customer Info
Fashion Brand Guess Data Breach Impacts Customer Info
July 12, 2021  |  Security & Fraud

Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Get...

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Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
July 09, 2021  |  AML

As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department...

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Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
July 08, 2021  |  Bitcoin

Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

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