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.

FTC Bars Chargebacks911 From Using Deceptive Practices
FTC Bars Chargebacks911 From Using Deceptive Practices
November 07, 2023  |  Legal

The Federal Trade Commission (FTC) and “chargeback mitigation” company Chargebacks911 have reached a settlement to prevent the company from engaging in deceptive practices. The settlement also prohibits the company...

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Smaller FinTech Issuers Lose Nearly 60% More Revenue to Fraud Than Larger Ones
Smaller FinTech Issuers Lose Nearly 60% More Revenue to Fraud Than Larger Ones
November 07, 2023  |  Fraud Prevention

Fraud schemes are evolving alongside technology, becoming more sophisticated and mutating to exploit vulnerabilities within financial institutions. In fact, fraud incidents increased by 13% in...

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’Tis the Season for Fraudsters and Gift Card Scams
’Tis the Season for Fraudsters and Gift Card Scams
November 06, 2023  |  Security & Fraud

The holidays are upon us, and gift cards remain a favorite to give and receive. And the fraudsters lie in wait — armed with advanced...

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Crypto Dips After Bankman-Fried Conviction, but Industry Execs Split on Impact
Crypto Dips After Bankman-Fried Conviction, but Industry Execs Split on Impact
November 03, 2023  |  Cryptocurrency

The conviction of Sam Bankman-Fried on fraud charges on Thursday (Nov. 2) coincided with a downturn in the cryptocurrency market, which had been recovering this...

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SEC Seeks Summary Judgment in Fraud Case Against Terraform Labs Co-Founder
SEC Seeks Summary Judgment in Fraud Case Against Terraform Labs Co-Founder
November 03, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has reportedly requested a summary ruling in its civil case against Do Kwon, the co-founder of Terraform Labs. The SEC alleges...

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Everyone Bought FTX’s Story; Now They’re Reacting to Bankman-Fried’s Fall
Everyone Bought FTX’s Story; Now They’re Reacting to Bankman-Fried’s Fall
November 03, 2023  |  Cryptocurrency

Sam Bankman-Fried, 31, of Stanford, California, was convicted on all counts Thursday (Nov. 2). In a bit of poetic justice, the Thursday conviction came exactly...

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Report: Ace Hardware Unable to Accept Online Orders Amid Cyberattack
Report: Ace Hardware Unable to Accept Online Orders Amid Cyberattack
November 03, 2023  |  Security & Fraud

Ace Hardware is reportedly recovering from a cyberattack that has left it unable to accept online orders. The news was first reported Sunday (Oct. 29)...

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Bankman-Fried Guilty on All Counts in Crypto King’s Final Collapse 
Bankman-Fried Guilty on All Counts in Crypto King’s Final Collapse 
November 02, 2023  |  Legal

That’s all she wrote.  Sam Bankman-Fried on Thursday evening (Nov. 2) was found guilty on all counts.  And it wasn’t twelve angry men that did...

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CellPoint and Riskified Team to Combat Travel Sector Fraud
CellPoint and Riskified Team to Combat Travel Sector Fraud
November 02, 2023  |  Fraud Prevention

CellPoint Digital has teamed with Riskified to help battle fraud in the travel sector. The partnership, announced Thursday (Nov. 2), leverages Riskified’s fraud and risk intelligence capabilities and CellPoint’s payment...

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