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.

Business Scams, Everywhere, Phishing For Funds
Business Scams, Everywhere, Phishing For Funds
June 20, 2018  |  B2B Payments

Emails still seem to be the way to go when it comes to parting SMBs from their money. The scams have gotten so egregious that any...

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Kenya’s Top Cell Phone Provider Opposes Tax Hike On Cash Transfers
Kenya’s Top Cell Phone Provider Opposes Tax Hike On Cash Transfers
June 19, 2018  |  International

Kenya’s biggest mobile phone operator, Safaricom, is against a proposed tax rise on mobile phone-based cash transfers. In a budget speech last week, the country’s Finance...

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More People In UK Paying With Debit Over Cash
More People In UK Paying With Debit Over Cash
June 19, 2018  |  Cash

More people in the U.K. are paying with debit cards over cash for the first time. According to The Guardian, consumers used their debit cards...

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Can Behavioral Analytics Slow Online Fraud?
Can Behavioral Analytics Slow Online Fraud?
June 19, 2018  |  Security & Fraud

EMV has done wonders to stop fraud via cards at the physical point of sale. The bad guys have moved off the premises and onto...

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Social Media Can Make Bank Customers Susceptible To Scams
Social Media Can Make Bank Customers Susceptible To Scams
June 08, 2018  |  Security & Fraud

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. After problems with...

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OCC Does A 180: Fake Accounts Not A Common Problem
OCC Does A 180: Fake Accounts Not A Common Problem
June 08, 2018  |  Banking

Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to...

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Is Mobile Device First The Best Defense Against Online Fraudsters?
Is Mobile Device First The Best Defense Against Online Fraudsters?
June 08, 2018  |  Security & Fraud

Consumers want a seamless transaction. Banks and enterprises want to know the person trying to transact is legit. The digital realm is ripe with challenge...

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Mastercard Announces The Launch Of AI Express
Mastercard Announces The Launch Of AI Express
June 04, 2018  |  Mastercard

To help companies that want to jump into the artificial intelligence (AI) revolution — but are perhaps unsure where to actually start — the team...

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AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
June 04, 2018  |  Security & Fraud

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many...

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