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.

DOJ Says Alleged Payment Processing Scam Bilked $150M

DOJ Says Alleged Payment Processing Scam Bilked $150M
DOJ Says Alleged Payment Processing Scam Bilked $150M
August 26, 2021  |  Cybersecurity

Four people have been charged with conspiring to deceive banks and credit card companies, according to a press release from the U.S. Department of Justice...

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SEC Charges Ex Silicon Valley CEO With $80M Fraud
SEC Charges Ex Silicon Valley CEO With $80M Fraud
August 25, 2021  |  Cybersecurity

The federal Securities and Exchange Commission (SEC) has charged the former chief of a Silicon Valley technology company with cheating investors out of $80 million...

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LexisNexis Risk Solutions Adds Anti-Fraud Platform TruNarrative
LexisNexis Risk Solutions Adds Anti-Fraud Platform TruNarrative
August 25, 2021  |  Cybersecurity

LexisNexis Risk Solutions UK Limited, part of RELX, on Wednesday (Aug. 25) announced it has acquired cloud-based anti-financial crime and anti-fraud platform TruNarrative, which will...

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Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
August 25, 2021  |  Cybersecurity

Payments orchestration platform Spreedly reported a 300 percent year-over-year increase in the number of merchants using the company’s resources to prevent fraud.

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Subscription Payments Declines Are Usually Random, Often Costly, But Largely Avoidable
Subscription Payments Declines Are Usually Random, Often Costly, But Largely Avoidable
August 25, 2021  |  Subscriptions

Two out of three times when a payment gets declined, FlexPay CEO Darryl Hicks said, it’s due to what he called “the month 15 problem.”...

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Two Thirds of Consumers Have ‘Zero Tolerance’ for eCommerce Fraud
Two Thirds of Consumers Have ‘Zero Tolerance’ for eCommerce Fraud
August 20, 2021  |  eCommerce

There’s no forgive or forget when it comes to eCommerce fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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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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