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.

China Recovers Over $1.5 Billion From Ezubao
China Recovers Over $1.5 Billion From Ezubao
November 24, 2016  |  Security & Fraud

Since China launched an inquiry into Ezubao, an online lending platform, it has recovered more than $1.5 billion of illegal assets. Reuters, citing the official...

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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud
Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud
November 16, 2016  |  Fraud Prevention

‘Tis the season … to be very, very wary of phishing and other types of fraud. Black Friday and Cyber Monday sales continue to increase...

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New York’s New Digital Crime Lab Fights Fraud
New York’s New Digital Crime Lab Fights Fraud
November 15, 2016  |  Security & Fraud

New York City has a new fighting chance against the proliferation of cyber fraud in the form of a state-of-the-art, $10 million digital crime laboratory. A...

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Fraud Scare Blocks Thousands Of Tesco Bank Cards
Fraud Scare Blocks Thousands Of Tesco Bank Cards
November 07, 2016  |  Security & Fraud

Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to...

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The Real-Time Fraud Intelligence Factor
The Real-Time Fraud Intelligence Factor
November 07, 2016  |  Security & Fraud

It’s getting harder for merchants to know who they are really doing business with because it’s gotten easier for fraudsters to disguise themselves as legitimate...

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Grandma Scam Culprits Caught
Grandma Scam Culprits Caught
November 02, 2016  |  Security & Fraud

Courthouse News Service reported that the San Diego DA’s office has helped take down an international fraud scheme that targeted seniors. The suspected scammers — 20...

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Recurly Fights Subscription Fraud With New Tool
Recurly Fights Subscription Fraud With New Tool
November 02, 2016  |  Security & Fraud

Recurly, the enterprise-grade subscription management platform, announced Tuesday (Nov. 1) Recurly Fraud Management, which provides automated tools to protect revenue by minimizing chargebacks, prevent eCommerce...

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Fraudsters Bilk Bankers Out Of $32M
Fraudsters Bilk Bankers Out Of $32M
November 01, 2016  |  Security & Fraud

Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg, smooth-talking...

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