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.

Commerzbank Cautioned BaFin About Wirecard Months Before Scandal

Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
January 12, 2021  |  Cybersecurity

Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later...

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Rakuten Mobile Employee Arrested, Accused Of Stealing SoftBank Secrets
Rakuten Mobile Employee Arrested, Accused Of Stealing SoftBank Secrets
January 12, 2021  |  Cybersecurity

An ex-employee of SoftBank, a major Japanese wireless carrier, was reportedly arrested on Tuesday (Jan. 12) on suspicion of stealing trade secrets before taking a...

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‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)
‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)
January 12, 2021  |  Retail

Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail...

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Bitcoin Daily: Britain’s Financial Regulator Warns Of Crypto Scams Offering High Returns
Bitcoin Daily: Britain’s Financial Regulator Warns Of Crypto Scams Offering High Returns
January 11, 2021  |  Bitcoin

The U.K. Financial Conduct Authority (FCA) said new scams could end up having devastating effects on crypto investors, CoinDesk reported. Get the Full Story Complete...

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Equifax Invests In Fraud Prevention And ID Verification With $640M Kount Deal
Equifax Invests In Fraud Prevention And ID Verification With $640M Kount Deal
January 11, 2021  |  Acquiring

The great digital shift – and the rising tide of eCommerce – has placed greater pressure on companies to verify their customers and guard against...

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Robinhood User Sues Platform After Account Hacked
Robinhood User Sues Platform After Account Hacked
January 10, 2021  |  Legal & Regulation

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched,...

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Hackers Strike New Zealand’s Central Bank
Hackers Strike New Zealand’s Central Bank
January 10, 2021  |  Cybersecurity

The Reserve Bank of New Zealand said Sunday (Jan. 10) that it has been hacked — and that potentially sensitive personal and commercial information may...

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Russian Hacker Sentenced To 12 Years In Prison
Russian Hacker Sentenced To 12 Years In Prison
January 07, 2021  |  Cybersecurity

Russian hacker Andrei Tyurin, who helped carry out an attack on J.P. Morgan Chase, among other companies, has been sentenced to 12 years in prison,...

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