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.

Sam Bankman-Fried to Remain in Brooklyn Prison to Prepare Appeal
Sam Bankman-Fried to Remain in Brooklyn Prison to Prepare Appeal
June 03, 2024  |  Legal

Sam Bankman-Fried is reportedly back in a prison in Brooklyn after the Bureau of Prisons (BOP) began moving him to a facility in California, the...

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This Week in AI: Earnings, Regulation Tightropes, Content Deals and Cyberattacks
This Week in AI: Earnings, Regulation Tightropes, Content Deals and Cyberattacks
May 31, 2024  |  Artificial Intelligence

This week in artificial intelligence news, tech giants C3.ai, HP and nCino reported strong first-quarter earnings, all fueled by the increasing demand for AI products...

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Dissecting the Criminal Mind: Why They Target Company Data
Dissecting the Criminal Mind: Why They Target Company Data
May 31, 2024  |  Cybersecurity

Data is the oil of the 21st century, as you’ve likely heard. That’s because digital information acts as both a lubricant and an ignition agent...

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Mangopay Debuts AI-Powered Fraud Prevention Solution
Mangopay Debuts AI-Powered Fraud Prevention Solution
May 30, 2024  |  Security & Fraud

Payment infrastructure provider Mangopay introduced an artificial intelligence-powered anti-fraud tool. The French company’s Fraud Prevention solution is designed to protect against threats such as account...

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Mastercard Opens Center to Combat Cybercrime in Europe
Mastercard Opens Center to Combat Cybercrime in Europe
May 30, 2024  |  Fraud Prevention

Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region. The Europe Cyber Resilience Center (ECRC), announced Thursday (May 30),...

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RBI: Online Payment Fraud in India Surges 400% in a Year
RBI: Online Payment Fraud in India Surges 400% in a Year
May 30, 2024  |  Security & Fraud

According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in...

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Swift Turns to AI to Battle Cross-Border Payment Fraud
Swift Turns to AI to Battle Cross-Border Payment Fraud
May 30, 2024  |  Artificial Intelligence

Swift is partnering with a group of banking giants to combat cross-border payment fraud. The global messaging service announced in a news release Thursday (May...

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Treasury: NFTs ‘Highly Susceptible’ to Fraud and Scams
Treasury: NFTs ‘Highly Susceptible’ to Fraud and Scams
May 30, 2024  |  Cryptocurrency

The Treasury Department has a warning for NFT fans: use them at your own risk. The department released an assessment Wednesday (May 29) finding that non-fungible tokens (NFTs) —...

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Browser ID and ‘Silent Authentication’ Underpin Online Banking Security
Browser ID and ‘Silent Authentication’ Underpin Online Banking Security
May 30, 2024  |  Authentication

With so much focus placed on mobile banking and digital wallets, online transactions are often lost in the mix. While mobile devices have become ubiquitous,...

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