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.

Steering Clear Of Banking’s ‘Single Point Of Failure’
Steering Clear Of Banking’s ‘Single Point Of Failure’
May 13, 2019  |  Authentication

Banking — especially mobile banking — offers ‘single points of failure’ that allow fraudsters to make off with victims’ data and money.  Karl Kilb III,...

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US Crypto Investor Awarded $75M In Fraud Suit
US Crypto Investor Awarded $75M In Fraud Suit
May 12, 2019  |  Security & Fraud

Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a scheme to defraud...

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Jumia’s Shares Slide On Fraud Claims By Short Seller
Jumia’s Shares Slide On Fraud Claims By Short Seller
May 10, 2019  |  Investments

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on...

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Deep Dive: How Banks Will Become Key Verification Players
Deep Dive: How Banks Will Become Key Verification Players
May 10, 2019  |  Authentication

Consumers want authentication to be both seamless and secure, and many expect online merchants to safeguard their personally identifiable information. Not all businesses are able...

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Accounts Receivable Evolves, Tackles Digital Advertising’s Biggest Challenges
Accounts Receivable Evolves, Tackles Digital Advertising’s Biggest Challenges
May 10, 2019  |  B2B Payments

More than 1 million people canceled their television cable subscriptions in the first quarter of 2019 alone, and not because they aren’t consuming TV media...

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Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

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SEC Votes To Ease Audit Mandates For Small Public Firms
SEC Votes To Ease Audit Mandates For Small Public Firms
May 10, 2019  |  B2B Payments

The U.S. Securities and Exchange Commission voted Thursday (May 9) to ease requirements for smaller public companies to be audited by external firms, reports in The...

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Loomis To Launch Internal Money Laundering Inquiry
Loomis To Launch Internal Money Laundering Inquiry
May 09, 2019  |  Security & Fraud

Loomis, the Swedish cash handling company, said it will launch an internal inquiry into allegations it was involved in a money laundering scandal in Denmark....

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