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.

Digital Currency Group Wants NY Fraud Lawsuit Tossed
Digital Currency Group Wants NY Fraud Lawsuit Tossed
March 06, 2024  |  Legal

Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit,...

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2024’s Top Trends CFOs Need to Know
2024’s Top Trends CFOs Need to Know
March 06, 2024  |  CFO

If you don’t know what’s coming, you can’t prepare for it.  And, as the old adage goes, a failure to prepare is preparing to fail. ...

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HealthLock and Mastercard Team to Prevent Medical Fraud
HealthLock and Mastercard Team to Prevent Medical Fraud
March 05, 2024  |  Partnerships

Medical fraud and overbilling prevention solution HealthLock has expanded its year-old partnership with Mastercard. Beginning April 1, the HealthLock platform will be available to commercial, small business and...

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Amazon Deploys Technology, Education to Combat Impersonation Fraud
Amazon Deploys Technology, Education to Combat Impersonation Fraud
March 05, 2024  |  Security & Fraud

Amazon is using several tactics to combat impersonation fraud. The company’s multifaceted approach includes deploying advanced technologies for better account protection, launching educational initiatives to help...

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Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
March 05, 2024  |  Security & Fraud

A post on an online forum popular with cybercriminals reportedly claimed that UnitedHealth Group paid $22 million to the Blackcat ransomware group to recover compromised data and...

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‘Pig Butchering’ Scams Pose Growing Risk to Businesses
‘Pig Butchering’ Scams Pose Growing Risk to Businesses
March 04, 2024  |  Security & Fraud

Behavioral fraud and social engineering scams are getting more dangerous for businesses. Despite the increasingly sophisticated weapons fraudsters have on hand to execute their scams, social...

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India Warns Tech Companies Against Releasing ‘Unreliable’ AI
India Warns Tech Companies Against Releasing ‘Unreliable’ AI
March 04, 2024  |  artificial intelligence

India wants tech companies to get government permission before launching untested artificial intelligence (AI) products. The country’s IT ministry has said tools that are “unreliable” or still...

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NerdWallet: We Have Not Filed for Bankruptcy
NerdWallet: We Have Not Filed for Bankruptcy
March 03, 2024  |  Personal Finance

Financial guidance platform NerdWallet says it was the victim of a fraudulent bankruptcy filing. As Reuters reported Saturday (March 2), the company said that it did not...

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FIs Reckon With Rising Fraud Rates in Run-Up to Real-Time Payments
FIs Reckon With Rising Fraud Rates in Run-Up to Real-Time Payments
March 01, 2024  |  Security & Fraud

Financial institutions are beset on all sides. The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments”...

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