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.

Fraudsters Go Omnichannel
Fraudsters Go Omnichannel
May 31, 2018  |  Security & Fraud

As commerce goes increasingly digital, the bad guys are going omnichannel. More and more, according to Luke Reynolds, CPO at Featurespace, fraudsters are "going back...

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Boloro Takes An ATM Approach To Consumer IDV
Boloro Takes An ATM Approach To Consumer IDV
May 31, 2018  |  Data

GDPR has organizations worried about how they handle personal data – but what if consumer authentication and security could be achieved without any data at...

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Higher Learning, Hit By Payments Fraud
Higher Learning, Hit By Payments Fraud
May 30, 2018  |  B2B Payments

Is higher education a conduit to workers skimming from their institutions of learning? In a few incidents seen earlier this month, it seems like skimming...

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Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
May 30, 2018  |  International

A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds...

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Kenya Charges Civil Servants In $100M Theft Of Public Funds
Kenya Charges Civil Servants In $100M Theft Of Public Funds
May 29, 2018  |  Fraud Prevention

The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public...

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Estonia Sees $13B In Money Laundering Over Four Years
Estonia Sees $13B In Money Laundering Over Four Years
May 25, 2018  |  International

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or...

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Building Better Banks
Building Better Banks
May 24, 2018  |  Today In Data

The transition of the banking world to digital has been good for customers, who, on average, check in with their mobile banking providers at least...

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Justice Department Investigates Crypto Market Manipulation
Justice Department Investigates Crypto Market Manipulation
May 24, 2018  |  Cryptocurrency

Traders may be manipulating the price of digital currencies, including bitcoin. Bloomberg reported that the Justice Department has launched a criminal probe to determine whether...

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Vocalink: How To Stop Fraud In The Era Of Real-Time Payments
Vocalink: How To Stop Fraud In The Era Of Real-Time Payments
May 23, 2018  |  Fraud Prevention

As the speed of payments increases around the world, the potential scope of fraud shifts to targets beyond cards. Criminals are taking advantage of the...

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