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.

Stopping Faster Payments Fraud, Faster
Stopping Faster Payments Fraud, Faster
May 23, 2017  |  Data Drivers

When the U.K. implemented Faster Payments, fraud tripled as fraudsters exploited the vulnerabilities of a new system that moved money in an instant. In the...

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When Machines Do The IDV Work Of People
When Machines Do The IDV Work Of People
May 16, 2017  |  Podcast

Industries are abuzz with the fast-growing potential of machine learning — a form of artificial intelligence that allows programs to change, adapt and, obviously, learn...

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Today in Data: Global ‘WANNACRY’ Cyber Attack Impact
Today in Data: Global ‘WANNACRY’ Cyber Attack Impact
May 15, 2017  |  Security & Fraud

Cyber attacks have been impacting organizations all around the world recently, with Friday’s ‘WANNACRY’ ransomware attack hitting businesses from all sectors, globally, especially hard. From...

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FTC Cracks Down On Tech Support Scams
FTC Cracks Down On Tech Support Scams
May 15, 2017  |  Security & Fraud

The U.S. Federal Trade Commission (FTC), in conjunction with other federal, state and international law enforcement partners, recently announced a nationwide and international crackdown on...

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FTC To Announce National Consumer Fraud Program
FTC To Announce National Consumer Fraud Program
May 12, 2017  |  Security & Fraud

Over the past few months, we’ve certainly seen and reported on a lot of action involving the Consumer Financial Protection Bureau (CFPB). From banks challenging...

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Stolen Card And Loyalty Credentials For Sale On Facebook Says LFPA
Stolen Card And Loyalty Credentials For Sale On Facebook Says LFPA
May 12, 2017  |  Facebook

The newly formed Loyalty Fraud Prevention Association (LFPA), launched in September of last year, has made a bold claim in its latest release. While the image...

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Human Error To Blame For Much Of Corporate Finance Scam, Says Verizon
Human Error To Blame For Much Of Corporate Finance Scam, Says Verizon
May 09, 2017  |  B2B Payments

The bad news keeps on coming for businesses facing cyberattacks. The FBI released new data last week warning businesses that the business email compromise scam has...

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Hacker Tracker: Sabre Investigating Breach, Card Testing On The Rise
Hacker Tracker: Sabre Investigating Breach, Card Testing On The Rise
May 05, 2017  |  Security & Fraud

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. In the travel technology company’s Q1...

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YapStone Matches Property Dwellers to Frictionless Payment Processes
YapStone Matches Property Dwellers to Frictionless Payment Processes
May 03, 2017  |  Matchmakers

In the late 90s, YapStone’s current CEO and chairman, Tom Villante, was an investment banker looking for his next big thing. Back then online was...

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