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.

Indian Banks Could Take $3B Hit From Punjab National Bank Scheme
Indian Banks Could Take $3B Hit From Punjab National Bank Scheme
February 19, 2018  |  International

Indian banks could be on the hook for more than $3 billion thanks to a massive fraud scheme revealed by Punjab National Bank last week....

READ MORE >
Mueller Indictment Exposes ID Theft Risks
Mueller Indictment Exposes ID Theft Risks
February 19, 2018  |  Security & Fraud

The Russians are coming. The Russians are coming. Actually, they’re already here and have been for a while. News came Friday that Special Counsel Robert...

READ MORE >
Chicago Trader Charged With Crypto Theft
Chicago Trader Charged With Crypto Theft
February 16, 2018  |  Bitcoin

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly...

READ MORE >
India Bank Could Be Ground Zero For A $1.8B Fraud
India Bank Could Be Ground Zero For A $1.8B Fraud
February 14, 2018  |  South Asia

Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 billion in fraudulent activity at one of...

READ MORE >
SAP Goes After Corporate Payments Fraud With New App
SAP Goes After Corporate Payments Fraud With New App
February 14, 2018  |  B2B Payments

SAP is rolling out a new solution to help companies detect fraudulent transactions and mitigate risk. The cloud company said Tuesday (Feb. 13) that its...

READ MORE >
Investors Caught In Two Crypto ‘Exit Scams’
Investors Caught In Two Crypto ‘Exit Scams’
February 12, 2018  |  Security & Fraud

Following an announcement from an Italian cryptocurrency exchange that $200 million worth of virtual currency was stolen from its servers, investors and developers are taking...

READ MORE >
Can AI Reverse The Subscription Churn Curse?
Can AI Reverse The Subscription Churn Curse?
February 08, 2018  |  Subscription Commerce

“Recurring payments” is a bit of a misnomer, when approximately 13 percent of them don’t recur at all. Instead, the card on file gets declined,...

READ MORE >
Tokenization: The Security Key For Call Centers
Tokenization: The Security Key For Call Centers
February 08, 2018  |  Security & Fraud

Call centers are fast becoming a fraudster favorite. Why? Because they’re just so darn inviting. Committing fraud over the phone in a call center environment...

READ MORE >
DOJ Charges 36 Over $530M In Cyber ID Crime Spree
DOJ Charges 36 Over $530M In Cyber ID Crime Spree
February 07, 2018  |  Security & Fraud

You’ve heard of a baker’s dozen. Well, here, perhaps, is the hacker’s three dozen — and might there be more? According to reports by Reuters Wednesday, the U.S....

READ MORE >