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.

Visa: New Fraud Dispute Rules Will Save Merchants ‘Billions’
Visa: New Fraud Dispute Rules Will Save Merchants ‘Billions’
September 28, 2023  |  VISA

Visa says it has made it easier for merchants to fight so-called “friendly fraud.” The payments giant on Thursday (Sept. 28) announced an update to its dispute process...

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Target to Shutter 9 Stores Due to Retail Theft Wave
Target to Shutter 9 Stores Due to Retail Theft Wave
September 27, 2023  |  Retail

Target is blaming an apparent wave of shoplifting for the closure of nine of its stores. The retailer is shuttering locations Oct. 21 in New...

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From Crypto Fame to Courtroom Shame: Bankman-Fried’s Rise, Fall, and Reckoning
From Crypto Fame to Courtroom Shame: Bankman-Fried’s Rise, Fall, and Reckoning
September 26, 2023  |  Legal

The customer claims portal for failed crypto exchange FTX closes this Friday (Sept. 29). Next Tuesday (Oct. 3), Sam Bankman-Fried, the company’s co-founder and former...

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Chase UK to Block Cryptocurrency Transactions Amid Rising Fraud Concerns
Chase UK to Block Cryptocurrency Transactions Amid Rising Fraud Concerns
September 26, 2023  |  Cryptocurrency

Chase UK told customers that it will block them from making cryptocurrency transactions in a bid to protect them from the increasing number of frauds...

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Bankman-Fried Makes New Bid for Freedom Before Trial
Bankman-Fried Makes New Bid for Freedom Before Trial
September 26, 2023  |  Legal

FTX founder Sam Bankman-Fried has renewed his bid for bail ahead of his fraud trial. Attorneys for the one-time cryptocurrency wunderkind — who is set to...

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Why One-Time Passcodes Are So 2019
Why One-Time Passcodes Are So 2019
September 26, 2023  |  Authentication

Greg Esser, director of strategic partnerships in the U.S. at Entersekt, said one-time passcodes (OTPs) are due for a reckoning. For now, OTPs are still...

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SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
September 25, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase...

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CFTC Virtual Event to Focus on Investment Scams and AI
CFTC Virtual Event to Focus on Investment Scams and AI
September 25, 2023  |  Fraud Prevention

Fraud in the digital age will be the focus of an upcoming virtual event hosted by the Commodity Futures Trading Commission (CFTC). The event, “Technology and Fraud:...

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SEC Charges Podcaster Matthew Motil in Alleged Ponzi Scheme
SEC Charges Podcaster Matthew Motil in Alleged Ponzi Scheme
September 25, 2023  |  Security & Fraud

The Securities and Exchange Commission (SEC) has taken legal action against Matthew Motil, the host of “The Cash Flow King” podcast, for allegedly defrauding investors in an...

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