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.

Report: How ING Group Is Using AI To Fight Financial Crime

Report: How ING Group Is Using AI To Fight Financial Crime
Report: How ING Group Is Using AI To Fight Financial Crime
August 28, 2020  |  Fraud Prevention

Banks, credit unions and other financial institutions (FIs) were forced to stop more than $25 billion in fraud attempts in 2018 alone, but such efforts...

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Fortnite, Minecraft Accounts Big Business On Black Market
Fortnite, Minecraft Accounts Big Business On Black Market
August 27, 2020  |  Security & Fraud

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. Get...

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Mitek, Lightico Team On Secure Smartphone Text Transactions
Mitek, Lightico Team On Secure Smartphone Text Transactions
August 27, 2020  |  Authentication

Mitek, which offers digital identity verification services, has partnered with Lightico, which works in the field of identity verification and eSignatures, to provide a new...

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Bitcoin Daily: ShapeShift Crypto Exchange Alleges $900,000 Employee Bitcoin Theft; Line Debuts Blockchain Platform, Digital Wallet Services
Bitcoin Daily: ShapeShift Crypto Exchange Alleges $900,000 Employee Bitcoin Theft; Line Debuts Blockchain Platform, Digital...
August 27, 2020  |  Bitcoin

Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. Get...

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Why Virtual Cards Are The Future Of Controlling And Securing Business Spend
Why Virtual Cards Are The Future Of Controlling And Securing Business Spend
August 27, 2020  |  B2B Payments

Virtual cards have long been associated with corporate travel and expense (T&E), because their advantages fit nearly hand-in-glove with the significant pain points that firms’...

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Truist CIO: Overcoming The Roadblocks To Faster Payments
Truist CIO: Overcoming The Roadblocks To Faster Payments
August 26, 2020  |  Payments Innovation

Instant payments are in higher demand than ever in 2020, with ACI Worldwide estimating that more than 500 billion real-time payments will be processed over...

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Bitcoin Daily: China Plans To Use Digital Yuan At 2022 Winter Olympics; Authorities Arrest Man Behind Alleged $1.73M Crypto Scheme In Australia
Bitcoin Daily: China Plans To Use Digital Yuan At 2022 Winter Olympics; Authorities Arrest Man...
August 25, 2020  |  Bitcoin

Internal pilots of China’s official cryptocurrency are in progress in multiple cities, and there are intentions to use the digital currency at Beijing’s Winter Olympic...

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Why Government eInvoice Mandates Aren’t Only About Tax Fraud
Why Government eInvoice Mandates Aren’t Only About Tax Fraud
August 25, 2020  |  B2B Payments

India is the next country on the docket to implement electronic invoicing (eInvoicing) requirements, and like so many other markets, the regulatory focus is on...

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Deep Dive: How Digital-First Banks Can Effectively Authenticate Customers, Stamp Out Cybercrime
Deep Dive: How Digital-First Banks Can Effectively Authenticate Customers, Stamp Out Cybercrime
August 25, 2020  |  Digital-First Banking

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