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.

Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
September 24, 2023  |  Security & Fraud

Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight...

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Equifax and Mitek Systems Partner to Combat Identity Fraud
Equifax and Mitek Systems Partner to Combat Identity Fraud
September 22, 2023  |  Partnerships

Credit reporting agency Equifax and global identity verification firm Mitek Systems formed a partnership. Their alliance aims to combat evolving digital fraud threats and enhance Equifax’s...

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Tipalti Unveils Expense Management and Automation Tool
Tipalti Unveils Expense Management and Automation Tool
September 21, 2023  |  Spend Management

Finance automation platform Tipalti has debuted Tipalti Expenses, an expense management and automation solution. The tool integrates with Tipalti’s platform, which automates accounts payable (AP),...

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Rising QR Code Scams Point to Increasing Abuse of Tech
Rising QR Code Scams Point to Increasing Abuse of Tech
September 21, 2023  |  Security & Fraud

Where new technology and new payment preferences arise, the hackers and scammers are sure to follow. Where technology helps connect consumers to apps and payment...

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DOJ: Florida Nurse Practitioner Guilty in $200 Million Fraud Case
DOJ: Florida Nurse Practitioner Guilty in $200 Million Fraud Case
September 21, 2023  |  Fraud Attack

A Florida nurse practitioner has been convicted in a $200 million Medicare fraud scheme. Elizabeth Hernandez, 45, took part in a scheme to defraud the government by...

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Faster Payments Means Faster, Better Fraud Fighting Tools
Faster Payments Means Faster, Better Fraud Fighting Tools
September 21, 2023  |  Fraud Prevention

According to Pradheep Sampath, CPO at Entersekt, the rise of instant payments demands a new approach to fighting fraud. “There’s certainly a buzz in the...

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From Gift Cards to Email Compromise, Behavioral Scams Present Ongoing Threat
From Gift Cards to Email Compromise, Behavioral Scams Present Ongoing Threat
September 20, 2023  |  Fraud Attack

The rise of generative artificial intelligence (AI) has reshaped the cyber threat landscape. Firms increasingly rely on AI, and this reality is set to accelerate...

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Stanford Returns FTX’s Millions Following Suit Against SBF Parents
Stanford Returns FTX’s Millions Following Suit Against SBF Parents
September 20, 2023  |  Cryptocurrency

Stanford University reportedly intends to give back millions of dollars given to it by FTX. “We have been in discussions with attorneys for the FTX...

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Sift Adds PayPal and Adyen Integrations for Chargeback Management
Sift Adds PayPal and Adyen Integrations for Chargeback Management
September 19, 2023  |  Security & Fraud

Sift has unveiled new integrations and automation capabilities for its Dispute Management product, providing merchants with a solution to efficiently manage chargebacks. The latest integrations with PayPal and Adyen, two of...

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