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.

CDK Fallout Continues as Car Dealers Go Old School
CDK Fallout Continues as Car Dealers Go Old School
June 24, 2024  |  Cybersecurity

Software companies have taken over large swathes of the economy during the past few decades. And when something goes wrong with these software companies, something...

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Retailers Turn Digital Breadcrumbs Into Better Customer Experiences
Retailers Turn Digital Breadcrumbs Into Better Customer Experiences
June 24, 2024  |  artificial intelligence

Every time you swipe a credit card, click on a website or carry your phone, you leave behind digital breadcrumbs. For most people, this trail...

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AI for KYB Onboarding Helps B2B Partnerships Scale Securely
AI for KYB Onboarding Helps B2B Partnerships Scale Securely
June 24, 2024  |  Artificial Intelligence

The key ingredient to success is often collaboration among businesses. With news that Verituity raised $18.8 million to support the growth of its verified payout...

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Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore Says Banking Sector Is Top Money Laundering Risk
June 20, 2024  |  AML

Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. The Monetary Authority of Singapore (MAS), which is a...

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Cybersecurity Concerns Test Paris Olympics Preparations
Cybersecurity Concerns Test Paris Olympics Preparations
June 19, 2024  |  Cybersecurity

The opening ceremonies of the Paris Olympics are set for just over a month from now, and the event is starting to look a lot...

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Hackers Increasing Pressure on Snowflake Customers to Make Ransom Payments
Hackers Increasing Pressure on Snowflake Customers to Make Ransom Payments
June 17, 2024  |  Security & Fraud

Hackers who targeted Snowflake customers are reportedly demanding ransom payments ranging from $300,000 to $5 million from as many as 10 breached companies. The hacking group, known...

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Elder Scams Spike as More Boomers Move Online
Elder Scams Spike as More Boomers Move Online
June 14, 2024  |  Security & Fraud

As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters...

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Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
June 13, 2024  |  Fraud Prevention

Oscilar has added an artificial intelligence (AI)-powered ACH Fraud Detection product to its lineup of risk technology solutions for FinTechs and financial institutions. The new...

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Trustly Unveils AI-Powered Recurring Payments Solution in Europe
Trustly Unveils AI-Powered Recurring Payments Solution in Europe
June 13, 2024  |  Artificial Intelligence

Trustly unveiled an artificial intelligence-powered recurring payments solution that is designed to streamline subscription payments. By automating these payments, the new Trustly Recurring Payments aims...

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