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.

IRS Targets FTX While US Chamber of Commerce Backs Coinbase
IRS Targets FTX While US Chamber of Commerce Backs Coinbase
May 12, 2023  |  Legal

The taxmen are coming for the estate of Sam Bankman-Fried’s bankrupt FTX crypto exchange. And they want the collapsed firm and its affiliates to pay...

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Mastercard to Offer Vesta’s Fraud Protection Solutions in APAC Region
Mastercard to Offer Vesta’s Fraud Protection Solutions in APAC Region
May 12, 2023  |  Security & Fraud

Mastercard will soon offer Vesta’s fraud protection solutions to eCommerce merchants in the Asia-Pacific (APAC) region. As part of an expanded fraud detection partnership, Vesta’s Payment Guarantee and Payment Protect will...

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CCC and Verisk Team to Tackle Auto Insurance Fraud
CCC and Verisk Team to Tackle Auto Insurance Fraud
May 09, 2023  |  Fraud Prevention

CCC Intelligent Solutions and Verisk have partnered to combat a $308 billion problem: insurance fraud. The companies announced their partnership Tuesday (May 9), saying it...

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Generative vs Predictive AI’s Role Across the Future of Payments
Generative vs Predictive AI’s Role Across the Future of Payments
May 09, 2023  |  Artificial Intelligence

Predictive artificial intelligence (AI) has long been a chief financial officer’s best friend. For years, the cutting-edge tech, better known as machine learning (ML) or...

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Bankman-Fried Wants Bulk of Charges in FTX Case Dismissed
Bankman-Fried Wants Bulk of Charges in FTX Case Dismissed
May 09, 2023  |  Legal

Accused cryptocurrency fraudster Sam Bankman-Fried wants most of the charges against him thrown out. In court documents filed late Monday (May 8), the founder of...

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Generative AI Aimed at Making Business Payments Customer-First
Generative AI Aimed at Making Business Payments Customer-First
May 09, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI) solutions are set to produce new efficiencies across the business landscape. While the technology is having an ongoing pop culture moment...

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AWS and Stripe: Merchants Can Do More to Encourage Stored Payment Credentials Online
AWS and Stripe: Merchants Can Do More to Encourage Stored Payment Credentials Online
May 08, 2023  |  Mobile Wallets

Stored payment credentials are a driving force in eCommerce, and while most consumers are using stored credentials in some way, research shows that there’s an...

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Fraud Detection Firm BioCatch Adds Permira to Investors List
Fraud Detection Firm BioCatch Adds Permira to Investors List
May 03, 2023  |  Security & Fraud

BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel...

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Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
May 03, 2023  |  artificial intelligence

Microsoft’s chief economist says illegal artificial intelligence use is a matter of “when,” not “if.” “I am confident AI will be used by bad actors,...

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