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.

SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist

SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist
SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist
April 11, 2019  |  Cybersecurity

Three years after fraudsters made off with $101 million from a Bangladesh bank, cyber threats have evolved, according to a new report by SWIFT.  The...

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Cybercrooks’ Latest Trick: Steal Less Money
Cybercrooks’ Latest Trick: Steal Less Money
April 10, 2019  |  Cybersecurity

A report by Bloomberg said that after one of the biggest cyber heists in history involving the theft of $100 million from the Bangladeshi central...

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Measuring Technology’s Promise Against Its Progress
Measuring Technology’s Promise Against Its Progress
April 10, 2019  |  Today In Data

There is no shortage of wonders in payments and commerce, which are advertised as the next big disruption in how consumers transact. Instant payments, voice...

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Medical Equipment Cos Charged In $1.2B Healthcare Fraud
Medical Equipment Cos Charged In $1.2B Healthcare Fraud
April 10, 2019  |  Cybersecurity

U.S. authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation....

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MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
April 09, 2019  |  B2B Payments

The All-Party Parliamentary Group (APPG) on Fair Business Banking is calling for a new investigation into Lloyds and how much its executives knew about the...

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Startup Riskified Wants $200M To Fight eCommerce Fraud
Startup Riskified Wants $200M To Fight eCommerce Fraud
April 08, 2019  |  Investments

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg....

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Dozens Of Cybercrime Groups Found On Facebook
Dozens Of Cybercrime Groups Found On Facebook
April 05, 2019  |  Cybersecurity

Dozens of cybercriminal groups have found a home on Facebook, using the platform’s online marketplace to sell illegal services such as stolen credit card information,...

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UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
April 05, 2019  |  B2B Payments

 In the UK, might the fraudsters be getting ahead of the firms they are bilking? A recent study from Vocalink points to that sentiment, while...

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