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.

Customer Reporting Mishaps Cost Banks Billions
Customer Reporting Mishaps Cost Banks Billions
March 29, 2016  |  Security & Fraud

The biggest investment banks in the world have faced $43 billion in fines over the past several years, and research has shown that among the...

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Ex-NSA Director: ‘Cyberthreats As Bad As Ever’
Ex-NSA Director: ‘Cyberthreats As Bad As Ever’
March 22, 2016  |  Security & Fraud

“The threats in cyberspace are as bad as it’s ever been.” Not exactly the most comforting words coming from Gen. Keith Alexander — the former director...

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Ex-State Department Employee Sentenced For Cyberhacking Scheme
Ex-State Department Employee Sentenced For Cyberhacking Scheme
March 22, 2016  |  Security & Fraud

The Justice Department reported Monday (March 21) that a former State Department employee was sentenced to 57 months in prison, punishment for an international email...

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Oberthur Research Finds 80% Want This Credit Card Security Feature
Oberthur Research Finds 80% Want This Credit Card Security Feature
March 18, 2016  |  Security & Fraud

Embedded digital security company Oberthur Technologies released on Thursday (March 17) the results of a survey showing that 80 percent of respondents would be more likely...

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FTC Nabs Brokers For Selling Consumers’ Bank Credentials
FTC Nabs Brokers For Selling Consumers’ Bank Credentials
March 10, 2016  |  Security & Fraud

The Federal Trade Commission said on Wednesday (March 9) that it requested, and a federal district court granted, bans on seven people, Ideal Financial Solutions...

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Debt Collection Tops ID Theft On FTC Complaint List
Debt Collection Tops ID Theft On FTC Complaint List
March 02, 2016  |  Security & Fraud

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams...

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Onboarding New Customers Without The Fraud Risk
Onboarding New Customers Without The Fraud Risk
March 02, 2016  |  Security & Fraud

Offering online services comes with the challenge of ensuring one's customers are precisely who they say they are. The process of verifying and validating individuals’...

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