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.

NEW REPORT: Mueller Indictments Prompt Calls For National ID System
NEW REPORT: Mueller Indictments Prompt Calls For National ID System
February 27, 2018  |  Authentication

In the digital identity space, biometrics have become all the rage. In several markets around the world, biometric solutions are gaining ground among consumers, companies...

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Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
February 23, 2018  |  Fraud Prevention

Visa announced news on Friday (Feb. 23) that counterfeit fraud, as measured in dollars, dropped 70 percent in September 2017 compared to December of 2015....

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Senior Bank Official Arrested In India’s Diamond Fraud Scandal
Senior Bank Official Arrested In India’s Diamond Fraud Scandal
February 22, 2018  |  International

A senior official of state-run Punjab National Bank (PNB) in India was arrested by federal police as part of an investigation into a $1.8 billion...

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SEC Charges BitFunder Founder With Fraud
SEC Charges BitFunder Founder With Fraud
February 21, 2018  |  Bitcoin

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday...

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UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
February 20, 2018  |  B2B Payments

U.K. consumer watchdog Which? is calling for better protections against push payment scams, according to reports. A press release by Which? issued Monday (Feb. 19)...

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Unfriending The Friendly Fraudster
Unfriending The Friendly Fraudster
February 20, 2018  |  Security & Fraud

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified’s head of chargeback recovery, calls “classic fraud,” she explained in a...

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Crypto Investors Fear In-Person Robberies
Crypto Investors Fear In-Person Robberies
February 19, 2018  |  Bitcoin

While there has been plenty to fear when it comes to hackers stealing virtual currencies from online investor accounts, reports of thieves carrying out real-life...

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City Union Bank Says Hackers Transferred $2M
City Union Bank Says Hackers Transferred $2M
February 19, 2018  |  Fraud Attack

City Union Bank, the Indian bank, disclosed this past weekend that it was hacked — with bad guys transferring close to $2 million. According to...

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Cyberattacks Cost US Economy As Much As $109B In 2016
Cyberattacks Cost US Economy As Much As $109B In 2016
February 19, 2018  |  Security & Fraud

Cyberattacks cost the U.S. economy upwards of $109 billion in 2016, with activity coming from inside the country as well as outside. According to news...

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