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.

Deep Dive: Tackling mPOS Solutions’ Security Challenges

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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