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.

Deutsche Bank Auditors Found AML Process Weaknesses

Deutsche Bank Auditors Found AML Process Weaknesses
Deutsche Bank Auditors Found AML Process Weaknesses
June 10, 2019  |  Bank Regulation

Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting....

READ MORE >
Freeing, And Securing, Trapped Funds Everywhere
Freeing, And Securing, Trapped Funds Everywhere
June 07, 2019  |  Today In Data

There are all kinds of ways money can end up “trapped.” It might get trapped in a  security deposit, or get frozen in place by...

READ MORE >
Bitcoin Daily: Komodo Blockchain Platform Hacked Itself To Protect Users’ Crypto; ING Gets On Board With USC Blockchain Project
Bitcoin Daily: Komodo Blockchain Platform Hacked Itself To Protect Users’ Crypto; ING Gets On Board...
June 07, 2019  |  Bitcoin

Blockchain startup Komodo Platform resorted to hacking its users’ wallets in order to save $13 million in bitcoin and other cryptocurrency from being stolen. Get...

READ MORE >
Mastercard’s Digital Wellness Suite: Curing What Ails Digital Checkout
Mastercard’s Digital Wellness Suite: Curing What Ails Digital Checkout
June 07, 2019  |  Mastercard

Mastercard unveils its Digital Wellness suite, which seeks to level the playing field for small and independent merchants when it comes to checking out online...

READ MORE >
iPhone Scam Reveals How Digital Criminals Find Vulnerabilities
iPhone Scam Reveals How Digital Criminals Find Vulnerabilities
June 05, 2019  |  Security & Fraud

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. But...

READ MORE >
The Evolving Terrain Of Fighting Fraud
The Evolving Terrain Of Fighting Fraud
June 05, 2019  |  Today In Data

Intro: Consumers undeniably want all of their transactions faster – and there is a penalty to be paid for making them wait. But fast is...

READ MORE >
Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream
Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream
June 04, 2019  |  Financial Inclusion

Call it the curse of innovation, perhaps. It’s that tendency (seen often in payments and commerce) to always think years, or a decade or two,...

READ MORE >
Millions Of Health Records Compromised In Quest Hack
Millions Of Health Records Compromised In Quest Hack
June 03, 2019  |  Security & Fraud

Patient records numbering around 11.9 million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth...

READ MORE >