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.

Crypto Investors Fear In-Person Robberies
Crypto Investors Fear In-Person Robberies
February 19, 2018  |  Bitcoin

While there has been plenty to fear when it comes to hackers stealing virtual currencies from online investor accounts, reports of thieves carrying out real-life...

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City Union Bank Says Hackers Transferred $2M
City Union Bank Says Hackers Transferred $2M
February 19, 2018  |  Fraud Attack

City Union Bank, the Indian bank, disclosed this past weekend that it was hacked — with bad guys transferring close to $2 million. Get the...

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Cyberattacks Cost US Economy As Much As $109B In 2016
Cyberattacks Cost US Economy As Much As $109B In 2016
February 19, 2018  |  Security & Fraud

Cyberattacks cost the U.S. economy upwards of $109 billion in 2016, with activity coming from inside the country as well as outside. Get the Full...

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Indian Banks Could Take $3B Hit From Punjab National Bank Scheme
Indian Banks Could Take $3B Hit From Punjab National Bank Scheme
February 19, 2018  |  International

Indian banks could be on the hook for more than $3 billion thanks to a massive fraud scheme revealed by Punjab National Bank last week....

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Mueller Indictment Exposes ID Theft Risks
Mueller Indictment Exposes ID Theft Risks
February 19, 2018  |  Security & Fraud

The Russians are coming. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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Chicago Trader Charged With Crypto Theft
Chicago Trader Charged With Crypto Theft
February 16, 2018  |  Bitcoin

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly...

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India Bank Could Be Ground Zero For A $1.8B Fraud
India Bank Could Be Ground Zero For A $1.8B Fraud
February 14, 2018  |  South Asia

Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 billion in fraudulent activity at one of...

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SAP Goes After Corporate Payments Fraud With New App
SAP Goes After Corporate Payments Fraud With New App
February 14, 2018  |  B2B Payments

SAP is rolling out a new solution to help companies detect fraudulent transactions and mitigate risk. Get the Full Story Complete the form to unlock...

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Investors Caught In Two Crypto ‘Exit Scams’
Investors Caught In Two Crypto ‘Exit Scams’
February 12, 2018  |  Security & Fraud

Following an announcement from an Italian cryptocurrency exchange that $200 million worth of virtual currency was stolen from its servers, investors and developers are taking...

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