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.

Trade Finance Takes Hit From India’s $2 Billion Bank Fraud Fallout
Trade Finance Takes Hit From India’s $2 Billion Bank Fraud Fallout
February 28, 2018  |  B2B Payments

The fallout continues from the $2 billion fraud scandal that hit India’s financial services market, according to news from Bloomberg on Tuesday (Feb. 27), with consequences now spreading...

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After Mueller Indictments, Is Social Security’s Number Up?
After Mueller Indictments, Is Social Security’s Number Up?
February 28, 2018  |  Authentication

Special counselor Robert Mueller recently indicted 13 Russians for using stolen identities to illegally open U.S. bank accounts and meddle in the 2016 election. Given...

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The Global Travel Market Has A B2B Payments Fraud Problem
The Global Travel Market Has A B2B Payments Fraud Problem
February 27, 2018  |  B2B Payments

Business spend on travel reached $1.15 trillion in 2016, but companies aren’t always able to see where their dollars are going. That certainly presents problems...

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NEW REPORT: Mueller Indictments Prompt Calls For National ID System
NEW REPORT: Mueller Indictments Prompt Calls For National ID System
February 27, 2018  |  Authentication

In the digital identity space, biometrics have become all the rage. In several markets around the world, biometric solutions are gaining ground among consumers, companies...

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Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
February 23, 2018  |  Fraud Prevention

Visa announced news on Friday (Feb. 23) that counterfeit fraud, as measured in dollars, dropped 70 percent in September 2017 compared to December of 2015....

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Senior Bank Official Arrested In India’s Diamond Fraud Scandal
Senior Bank Official Arrested In India’s Diamond Fraud Scandal
February 22, 2018  |  International

A senior official of state-run Punjab National Bank (PNB) in India was arrested by federal police as part of an investigation into a $1.8 billion...

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SEC Charges BitFunder Founder With Fraud
SEC Charges BitFunder Founder With Fraud
February 21, 2018  |  Bitcoin

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday...

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UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
February 20, 2018  |  B2B Payments

U.K. consumer watchdog Which? is calling for better protections against push payment scams, according to reports. Get the Full Story Complete the form to unlock...

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Unfriending The Friendly Fraudster
Unfriending The Friendly Fraudster
February 20, 2018  |  Security & Fraud

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified’s head of chargeback recovery, calls “classic fraud,” she explained in a...

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