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.

Forter Raises $32M To Grow Fraud Prevention Footprint
Forter Raises $32M To Grow Fraud Prevention Footprint
April 21, 2016  |  Security & Fraud

Forter, the fraud prevention company known for its automated, real-time Decision-as-a-Service solution for online merchants, announced today (April 21) that it’s closed a $32 million Series...

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Card Fraud Spike Alters Grocery Store Gift Card Policy
Card Fraud Spike Alters Grocery Store Gift Card Policy
April 21, 2016  |  Security & Fraud

A Washington, D.C.-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to...

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Electronics Retailer Seeing (And Fighting) Increasing Number Of Fraud Attacks
Electronics Retailer Seeing (And Fighting) Increasing Number Of Fraud Attacks
April 20, 2016  |  Fraud Prevention

Everyone said that fraud would move online in the U.S. post-EMV—and we now have proof that it has. A new report by PYMNTS and Forter...

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ATM Hacks Spike 546 Percent In 2015
ATM Hacks Spike 546 Percent In 2015
April 11, 2016  |  Security & Fraud

The growth in compromised ATM incidences continued unabated through the past year, FICO noted on Friday (April 8), with the total number of ATMs being hit...

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FTC Returns $596K in ‘Phantom’ Payday Loan Scheme
FTC Returns $596K in ‘Phantom’ Payday Loan Scheme
April 07, 2016  |  Security & Fraud

The Federal Trade Commission said on Wednesday (April 6) that it would be mailing more than 1,700 checks — totaling more than $596,000 — to consumers who...

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Ex-State Street Execs Charged In Defrauding Scheme
Ex-State Street Execs Charged In Defrauding Scheme
April 06, 2016  |  Security & Fraud

The Justice Department said on Tuesday (April 5) that two executives of State Street, a Boston financial services firm — among the largest asset managers globally,...

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