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.

TikTok Hit by Security Breach That Used Malicious Links
TikTok Hit by Security Breach That Used Malicious Links
June 04, 2024  |  Cybersecurity

TikTok reportedly dealt with a recent security breach when hackers targeted well-known brands and celebrities on the platform. The hackers sent malicious links through private...

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Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
June 04, 2024  |  SMBs

Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets...

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Informed.IQ and Fuse Team on AI-Powered Fraud Prevention
Informed.IQ and Fuse Team on AI-Powered Fraud Prevention
June 04, 2024  |  Partnerships

Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. Via the partnership, the companies launched a solution that offers streamlined verifications...

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CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
June 03, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial companies that have broken consumer laws and are...

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Sam Bankman-Fried to Remain in Brooklyn Prison to Prepare Appeal
Sam Bankman-Fried to Remain in Brooklyn Prison to Prepare Appeal
June 03, 2024  |  Legal

Sam Bankman-Fried is reportedly back in a prison in Brooklyn after the Bureau of Prisons (BOP) began moving him to a facility in California, the...

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This Week in AI: Earnings, Regulation Tightropes, Content Deals and Cyberattacks
This Week in AI: Earnings, Regulation Tightropes, Content Deals and Cyberattacks
May 31, 2024  |  Artificial Intelligence

This week in artificial intelligence news, tech giants C3.ai, HP and nCino reported strong first-quarter earnings, all fueled by the increasing demand for AI products...

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Dissecting the Criminal Mind: Why They Target Company Data
Dissecting the Criminal Mind: Why They Target Company Data
May 31, 2024  |  Cybersecurity

Data is the oil of the 21st century, as you’ve likely heard. That’s because digital information acts as both a lubricant and an ignition agent...

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Mangopay Debuts AI-Powered Fraud Prevention Solution
Mangopay Debuts AI-Powered Fraud Prevention Solution
May 30, 2024  |  Security & Fraud

Payment infrastructure provider Mangopay introduced an artificial intelligence-powered anti-fraud tool. The French company’s Fraud Prevention solution is designed to protect against threats such as account...

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Mastercard Opens Center to Combat Cybercrime in Europe
Mastercard Opens Center to Combat Cybercrime in Europe
May 30, 2024  |  Fraud Prevention

Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region. The Europe Cyber Resilience Center (ECRC), announced Thursday (May 30),...

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