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.

Old Payments Problems, New Solutions
Old Payments Problems, New Solutions
June 10, 2019  |  Today In Data

While the digital age has supplied any number of new solutions to problems, many of those problems still persist. Thieves target retailers, moving objects from...

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‘Scattered Canary’ BEC Scams Aim At US Firms
‘Scattered Canary’ BEC Scams Aim At US Firms
June 10, 2019  |  B2B Payments

From a one-man shop committing check fraud on Craigslist to a sophisticated multi-fraudster committing BEC scams, the rise of Scattered Canary has been startling. Elsewhere, in...

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FLEETCOR Accused Of Clean Energy Fraud
FLEETCOR Accused Of Clean Energy Fraud
June 10, 2019  |  B2B Payments

About a month after reports surfaced that commercial fleet payments technology firm FLEETCOR is facing a lawsuit over claims of anticompetitive behavior, a new report...

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Deutsche Bank Auditors Found AML Process Weaknesses
Deutsche Bank Auditors Found AML Process Weaknesses
June 10, 2019  |  Bank Regulation

Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting....

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Allied Wallet Settles With FTC Over Fraud Charges
Allied Wallet Settles With FTC Over Fraud Charges
June 07, 2019  |  Security & Fraud

Allied Wallet, an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped...

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Freeing, And Securing, Trapped Funds Everywhere
Freeing, And Securing, Trapped Funds Everywhere
June 07, 2019  |  Today In Data

There are all kinds of ways money can end up “trapped.” It might get trapped in a  security deposit, or get frozen in place by...

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Bitcoin Daily: Komodo Blockchain Platform Hacked Itself To Protect Users’ Crypto; ING Gets On Board With USC Blockchain Project
Bitcoin Daily: Komodo Blockchain Platform Hacked Itself To Protect Users’ Crypto; ING Gets On Board...
June 07, 2019  |  Bitcoin

Blockchain startup Komodo Platform resorted to hacking its users’ wallets in order to save $13 million in bitcoin and other cryptocurrency from being stolen. Get...

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Mastercard’s Digital Wellness Suite: Curing What Ails Digital Checkout
Mastercard’s Digital Wellness Suite: Curing What Ails Digital Checkout
June 07, 2019  |  Mastercard

Mastercard unveils its Digital Wellness suite, which seeks to level the playing field for small and independent merchants when it comes to checking out online...

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iPhone Scam Reveals How Digital Criminals Find Vulnerabilities
iPhone Scam Reveals How Digital Criminals Find Vulnerabilities
June 05, 2019  |  Security & Fraud

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. But...

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