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.

Australia Payments Plus Picks Swift to Battle Payments Fraud
Australia Payments Plus Picks Swift to Battle Payments Fraud
March 19, 2024  |  Security & Fraud

Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Get the Full Story Complete the form to unlock this article...

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DOJ Targets ‘Fake It Till You Make It’ Tech Startups
DOJ Targets ‘Fake It Till You Make It’ Tech Startups
March 19, 2024  |  Regulation

A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Get the Full Story Complete the form to unlock this...

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New Nacha Fraud Rules Highlight Utility of AI
New Nacha Fraud Rules Highlight Utility of AI
March 18, 2024  |  Security & Fraud

For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do...

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FIS and Stratyfy Team to Combat Card Fraud
FIS and Stratyfy Team to Combat Card Fraud
March 18, 2024  |  Partnerships

FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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SEC: Investment Advisers Made Phony AI Claims
SEC: Investment Advisers Made Phony AI Claims
March 18, 2024  |  Security & Fraud

Federal regulators have charged two investment advisers with making fraudulent claims about their AI usage. Get the Full Story Complete the form to unlock this...

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Nacha Expands Receiving Depository Financial Institutions’ Role in Fighting Fraud
Nacha Expands Receiving Depository Financial Institutions’ Role in Fighting Fraud
March 18, 2024  |  Security & Fraud

Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. Get the Full Story Complete the form to...

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FTC Sees Jump in AI-Related Scams on Social Media
FTC Sees Jump in AI-Related Scams on Social Media
March 17, 2024  |  Security & Fraud

Federal regulators have reportedly recorded a jump in AI-related scam ads on social media. Get the Full Story Complete the form to unlock this article...

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Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
March 15, 2024  |  Legal

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...

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Old School Fraud: Counterfeit Cash Makes Global Comeback
Old School Fraud: Counterfeit Cash Makes Global Comeback
March 15, 2024  |  Security & Fraud

While we were all watching online fraud, social engineering and ransomware, an old school financial crime tactic is rearing its ugly head. Counterfeit banknotes are...

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