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.

UK May Make Corporate Directors Accountable For Accounting

UK May Make Corporate Directors Accountable For Accounting
UK May Make Corporate Directors Accountable For Accounting
February 07, 2021  |  B2B Payments

The U.K. is considering making corporate directors responsible for the accuracy of their companies’ financial statements, with an official proposal to that effect possible as...

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Tax Returns To Stolen ID Victims Show Massive Unemployment Fraud
Tax Returns To Stolen ID Victims Show Massive Unemployment Fraud
February 07, 2021  |  Cybersecurity

Tax forms states are sending people listed as having received unemployment benefits are likely to reveal to many addressees that their identities were used in...

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Bitcoin Daily: $90 Million Hedge Fund Founder Pleads Guilty To Fraud; India’s Exchanges Campaign Government To Regulate, Not Ban, Crypto
Bitcoin Daily: $90 Million Hedge Fund Founder Pleads Guilty To Fraud; India’s Exchanges Campaign Government...
February 07, 2021  |  Bitcoin

Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced...

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Florida Suspects Fraud Behind Spike In Unemployment Claims
Florida Suspects Fraud Behind Spike In Unemployment Claims
February 05, 2021  |  Cybersecurity

The Florida Department of Economic Opportunity (DEO) suspects that a recent spike in unemployment assistance claims in the state may be due to an uptick...

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Merchants Called To The Offensive In Battle Against Cyberfraud
Merchants Called To The Offensive In Battle Against Cyberfraud
February 05, 2021  |  Cybersecurity

By now, the surge in online shopping and the commensurate rise in cyberfraud over the past year are well-established themes. But what many people don’t...

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US Charges CEO Of GBC Capital In $1.8 Billion Ponzi-Like Fraud
US Charges CEO Of GBC Capital In $1.8 Billion Ponzi-Like Fraud
February 04, 2021  |  Cybersecurity

Federal prosecutors in New York announced Thursday (Feb. 4) in a press release the indictment of three people linked to private equity firm GPB Capital...

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FTC 2020 Data Shows Consumer Fraud Hit 2.2 Million
FTC 2020 Data Shows Consumer Fraud Hit 2.2 Million
February 04, 2021  |  Cybersecurity

The Federal Trade Commission (FTC) received more than 2.1 million fraud reports from consumers in 2020, according to new data released by the agency on...

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3DS2 Helps Merchants Shift Chargeback Liability
3DS2 Helps Merchants Shift Chargeback Liability
February 04, 2021  |  Cybersecurity

For merchants who until 2020 were mostly conducting business in the physical world, online fraud wasn’t a top-of-mind concern. Get the Full Story Complete the...

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