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.

Cognizant Corporate Cards Targeted In Cyberattack
Cognizant Corporate Cards Targeted In Cyberattack
June 22, 2020  |  B2B Payments

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the...

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New Zealand Seizes $90M In Bitcoin Fraud Case
New Zealand Seizes $90M In Bitcoin Fraud Case
June 22, 2020  |  Security & Fraud

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever....

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Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud
Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud
June 22, 2020  |  VISA

It’s the battle against fraud that can be lost right at the beginning. Get the Full Story Complete the form to unlock this article and...

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Bitcoin Daily: SEC Freezes Crypto Fund Touting 100 Pct Returns
Bitcoin Daily: SEC Freezes Crypto Fund Touting 100 Pct Returns
June 22, 2020  |  Cryptocurrency

The Securities and Exchange Commission has filed a lawsuit to freeze the assets of two brothers allegedly engaged in “an offering fraud” and in misappropriating...

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eBay’s Head Of Payments On Localizing Buyer-Seller Experiences
eBay’s Head Of Payments On Localizing Buyer-Seller Experiences
June 19, 2020  |  Payments Innovation

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no...

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Invoice Finance Steps Into The Business Recovery Conversation
Invoice Finance Steps Into The Business Recovery Conversation
June 17, 2020  |  B2B Payments

Keeping the trade engines moving is vital to the recovery of the global economy, but even as deals are struck and sales are made, businesses...

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Bitcoin Daily: SIMBA Chain Lands $1.5M Blockchain Contract From US Air Force; Centra Tech Co-Founder Pleads In Crypto Fraud Case
Bitcoin Daily: SIMBA Chain Lands $1.5M Blockchain Contract From US Air Force; Centra Tech Co-Founder...
June 17, 2020  |  Bitcoin

The U.S. Air Force has granted blockchain firm SIMBA Chain a $1.5 million check to help create a new blockchain for supply logistics in the...

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Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce
Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce
June 17, 2020  |  AML

In financial fraud, the breaches come when bank standards are lax. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
June 16, 2020  |  Security & Fraud

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy...

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