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.

‘Scattered Spider’ Named as Likely Suspect in MGM Resorts Hack
‘Scattered Spider’ Named as Likely Suspect in MGM Resorts Hack
September 14, 2023  |  Cybersecurity

Authorities have reportedly identified the source of the hack that crippled Las Vegas’ biggest casino group. A group of hackers dubbed “Scattered Spider” is the...

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Fraudulent UK COVID Loans Jump in Value
Fraudulent UK COVID Loans Jump in Value
September 14, 2023  |  Fraud Attack

The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the...

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How AI Helps Banks Win the Escalating Fraud Arms Race
How AI Helps Banks Win the Escalating Fraud Arms Race
September 14, 2023  |  Security & Fraud

If the pace of innovation today were an athlete, it would be Usain Bolt. That’s how fast the world is changing as new technologies are...

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Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
Report: Caesars Entertainment Paid $15 Million Ransom After Cyberattack
September 13, 2023  |  Security & Fraud

Caesars Entertainment, the operator of Caesars Palace in Las Vegas, reportedly fell victim to a cyberattack during the summer and paid a ransom of approximately...

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MGM Resorts Hack Becomes Hassle for Vacationers Who Must Use Cash
MGM Resorts Hack Becomes Hassle for Vacationers Who Must Use Cash
September 13, 2023  |  Cybersecurity

The cyberattack on MGM Resorts is still reportedly causing trouble for travelers. Guests at the MGM Grand in Las Vegas are dealing with restaurants and...

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MGM Resorts Websites Remain Down Amid Cyberattack
MGM Resorts Websites Remain Down Amid Cyberattack
September 12, 2023  |  Cybersecurity

MGM Resorts’ websites remain down Tuesday (Sept. 12), two days after the beginning of a cyberattack targeting the hotel and gaming company. The firm, which...

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CertifID Raises $20 Million to Combat Real Estate Wire Fraud
CertifID Raises $20 Million to Combat Real Estate Wire Fraud
September 12, 2023  |  Fraud Prevention

Wire fraud prevention company CertifID has raised $20 million in a Series B funding round. The financing, announced Tuesday (Sept. 12), will help the Texas-based firm develop fraud prevention...

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Report: Zara Delays Rollout of Security Tech After Shoplifters Unthwarted
Report: Zara Delays Rollout of Security Tech After Shoplifters Unthwarted
September 12, 2023  |  Retail

Fashion retailer Zara is reportedly facing challenges with its new anti-shoplifting system. The system, which relies on RFID technology to replace hard security tags on...

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Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
September 12, 2023  |  Cybersecurity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, noted in an interview that banks’ customers (consumers and enterprises) are prime...

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