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.

Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say
Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say
April 18, 2024  |  artificial intelligence

Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging...

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NSA Warns of AI Cybersecurity Risks, Urges Businesses to Bolster Defenses
NSA Warns of AI Cybersecurity Risks, Urges Businesses to Bolster Defenses
April 17, 2024  |  artificial intelligence

The National Security Agency (NSA) is sounding the alarm on the cybersecurity risks posed by artificial intelligence (AI) systems, releasing new guidance to help businesses...

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43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
April 17, 2024  |  Security & Fraud

It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters,...

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FinCEN Warns Banks to Watch for Passport Card Fraud
FinCEN Warns Banks to Watch for Passport Card Fraud
April 15, 2024  |  Security & Fraud

Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department...

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Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks
Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks
April 12, 2024  |  Security & Fraud

Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks. In less than 400 of these cases, hackers logged...

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FI Execs Curb Their Enthusiasm for Open Banking
FI Execs Curb Their Enthusiasm for Open Banking
April 11, 2024  |  Security & Fraud

Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers,...

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Linked Analysis Evolution Breaks Down Silos as CUs Battle Fraudsters
Linked Analysis Evolution Breaks Down Silos as CUs Battle Fraudsters
April 10, 2024  |  Security & Fraud

There’s no shortage of damage payments and social engineering fraud can do to a company as well as its member relationships. Creating silos within an...

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Entrust Acquires Onfido Amid Jump in ID Fraud
Entrust Acquires Onfido Amid Jump in ID Fraud
April 09, 2024  |  Acquisitions

Data security firm Entrust has finalized its purchase of identity verification company Onfido. “With this completed acquisition, Entrust now provides the industry’s most comprehensive portfolio of AI-powered, identity-centric...

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DataVisor and Mitek Team to Stem Rising Tide of Check Fraud
DataVisor and Mitek Team to Stem Rising Tide of Check Fraud
April 09, 2024  |  Fraud Prevention

Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the...

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