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.

GDPR & PSD2: A Silver Lining For Fraudsters?
GDPR & PSD2: A Silver Lining For Fraudsters?
April 30, 2018  |  Regulation

The deadlines for compliance with new European data regulations are right around the corner, and the impact of these changes won’t be limited to the...

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Amazon’s Marketplace Struggles With Mislabeled Goods
Amazon’s Marketplace Struggles With Mislabeled Goods
April 27, 2018  |  Amazon

While Amazon has spent years looking into counterfeit and otherwise mislabeled goods, the company continues to face the challenge of overseeing its own eCommerce platform....

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Five On Five: A New Way To Fight Online Counterfeiters
Five On Five: A New Way To Fight Online Counterfeiters
April 26, 2018  |  Payments Innovation

Welcome to Five on Five, your late look at some of the freshest payments news of the day. Today’s stories cover subjects ranging from online...

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Wells Fargo Handling Of Retirement Assets Under Scrutiny
Wells Fargo Handling Of Retirement Assets Under Scrutiny
April 26, 2018  |  Bank Regulation

The Department of Labor is examining if Wells Fargo pushed retirement-planning customers into pricier accounts and toward buying more expensive investment funds, generating more fees...

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Barclays Pegs Cost Of SMB Cybercrime At $55.7 Billion
Barclays Pegs Cost Of SMB Cybercrime At $55.7 Billion
April 26, 2018  |  B2B Payments

More than $55.7 billion in costs are linked to fraud at small businesses (SMBs) in the U.K. to date, according to new analysis from Barclays...

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Cyberattacker Shut Down In Global Police Action
Cyberattacker Shut Down In Global Police Action
April 25, 2018  |  Security & Fraud

Authorities shuttered one of the largest cyberattack organizations in the world yesterday, making arrests in four countries and seizing assets and infrastructure in three others,...

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Anatomy Of An ATO: How To Spot A Fraudster
Anatomy Of An ATO: How To Spot A Fraudster
April 24, 2018  |  Security & Fraud

With the advent of technology and the prevalence of online shopping, the term eCommerce fraud has become more general and more vague. Under it, there...

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Two South Koreans Sentenced For $20M Bitcoin Scam
Two South Koreans Sentenced For $20M Bitcoin Scam
April 20, 2018  |  Bitcoin

Two men from South Korea were sentenced for running a bitcoin pyramid scheme that stole around 20 billion Korean won ($20 million) from investors. According...

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Former SunTrust Employee Tried To Steal Data On 1.5M Clients
Former SunTrust Employee Tried To Steal Data On 1.5M Clients
April 20, 2018  |  Fraud Attack

SunTrust Banks has revealed that a former employee tried to download information on nearly 1.5 million clients and share it with a criminal third party....

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