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.

Crypto Crime Up 79% Against Transaction Volume Surge of 567%

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...

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Theranos Guilty Verdict Shows the Dangers of Groupthink
Theranos Guilty Verdict Shows the Dangers of Groupthink
January 04, 2022  |  Legal & Regulation

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...

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For Banks Hunting Fraudsters, There’s No Magic Bullet
For Banks Hunting Fraudsters, There’s No Magic Bullet
January 04, 2022  |  Cybersecurity

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...

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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...

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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  |  Cybersecurity

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...

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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...

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Crypto Scammers Will Face Jail, Hefty Fines in UAE
Crypto Scammers Will Face Jail, Hefty Fines in UAE
December 28, 2021  |  Cybersecurity

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...

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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  |  Cybersecurity

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...

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