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.

New X Passkey Feature Signals Ongoing Shift to Passwordless Future
New X Passkey Feature Signals Ongoing Shift to Passwordless Future
January 25, 2024  |  News

The emergence of all-in-one apps promises unparalleled convenience, offering users a one-stop solution for various needs. From managing finances to staying connected with friends, these...

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Firms Partnering With Third Parties to Fight Fraud See Profit Boost
Firms Partnering With Third Parties to Fight Fraud See Profit Boost
January 25, 2024  |  Fraud Prevention

Payment service providers – also known as PSPs – are an important piece of the payment ecosystem. For any business that wants to deliver a...

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Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
January 25, 2024  |  Security & Fraud

If someone stole your phone, how quickly would they be able to steal your money? It’s a scenario that Manhattan District Attorney Alvin Bragg says...

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UK Cyber Agency: AI Will Lead to More Ransomware Attacks
UK Cyber Agency: AI Will Lead to More Ransomware Attacks
January 24, 2024  |  Cybersecurity

The threat of ransomware could soon grow thanks to the rise of artificial intelligence. That’s according to a new report by the United Kingdom’s National...

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SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 
SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 
January 22, 2024  |  Security & Fraud

The Jan. 9 hack of the Securities and Exchange Commission’s (SEC) account on the social media platform X (formerly known as Twitter) was apparently the result of...

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Failed Payments in Cross-Border Sales Is an Unresolved Problem
Failed Payments in Cross-Border Sales Is an Unresolved Problem
January 22, 2024  |  eCommerce

Online commerce carries a number of risks related to digital fraud and payment failure that can result in lost sales and an erosion of brand...

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ElevenLabs Raises $80 Million for AI Voice Cloning Projects
ElevenLabs Raises $80 Million for AI Voice Cloning Projects
January 22, 2024  |  Investments

Voice technology firm ElevenLabs’ value has topped $1 billion after its latest funding round. The company announced its $80 million Series B Monday (Jan. 22), saying the funds would...

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CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
January 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced Friday (Jan. 19) that it has launched a lawsuit against Strategic Financial Solutions (SFS), charging it with running an...

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LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
January 19, 2024  |  Cybersecurity

LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to...

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