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.

Bitcoin Daily: India Eyes Crypto Trading Ban; Japanese Crytpo Exchange Sues Binance Claiming It Accepted Hacked Funds
Bitcoin Daily: India Eyes Crypto Trading Ban; Japanese Crytpo Exchange Sues Binance Claiming It Accepted...
September 15, 2020  |  Bitcoin

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. Get the...

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Decisioning AI Targets Friendly Fraud
Decisioning AI Targets Friendly Fraud
September 15, 2020  |  Fraud Prevention

Such immense effort is expended fighting determined fraudsters that it’s easy to minimize friendly fraud — a frustrating state of affairs that leaves financial institutions...

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Biometric ID Gains Trust Via Transparency
Biometric ID Gains Trust Via Transparency
September 15, 2020  |  Authentication

PYMNTS’ research finds that more than 65 percent of consumers used digital channels to open accounts in the past year. That’s not so much a...

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Ernst & Young CEO Expresses Regret Over Wirecard
Ernst & Young CEO Expresses Regret Over Wirecard
September 15, 2020  |  Security & Fraud

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG, the bankrupt German payment company....

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Report: Digital ID’s Role In Boosting Trust In The Sharing Economy
Report: Digital ID’s Role In Boosting Trust In The Sharing Economy
September 15, 2020  |  Authentication

More than 32 million U.S. consumers move every year, with the major moving season ending in September. Consumers who use storage sharing platforms to stash...

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Bitcoin Daily: CFTC Charges Four In Alleged Crypto Scam; ECB Gets First Collectible Crypto
Bitcoin Daily: CFTC Charges Four In Alleged Crypto Scam; ECB Gets First Collectible Crypto
September 14, 2020  |  Bitcoin

The Commodity Futures Trading Commission filed a complaint in a Texas U.S. District Court against four people for allegedly “fraudulently soliciting funds” from individuals to...

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UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
September 14, 2020  |  Regulation

The United Kingdom’s financial regulator has closed the book on seven of 14 criminal investigations into the breach of money laundering rules, the Financial Times...

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Uncovering The Lessons In A Third-Party Cyberattack
Uncovering The Lessons In A Third-Party Cyberattack
September 14, 2020  |  B2B Payments

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware...

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Deep Dive: How AI Helps FIs Fight False Chargebacks
Deep Dive: How AI Helps FIs Fight False Chargebacks
September 14, 2020  |  Fraud Prevention

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