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.

Fraud Scare Blocks Thousands Of Tesco Bank Cards
Fraud Scare Blocks Thousands Of Tesco Bank Cards
November 07, 2016  |  Security & Fraud

Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to...

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The Real-Time Fraud Intelligence Factor
The Real-Time Fraud Intelligence Factor
November 07, 2016  |  Security & Fraud

It’s getting harder for merchants to know who they are really doing business with because it’s gotten easier for fraudsters to disguise themselves as legitimate...

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Grandma Scam Culprits Caught
Grandma Scam Culprits Caught
November 02, 2016  |  Security & Fraud

Courthouse News Service reported that the San Diego DA’s office has helped take down an international fraud scheme that targeted seniors. The suspected scammers — 20...

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Recurly Fights Subscription Fraud With New Tool
Recurly Fights Subscription Fraud With New Tool
November 02, 2016  |  Security & Fraud

Recurly, the enterprise-grade subscription management platform, announced Tuesday (Nov. 1) Recurly Fraud Management, which provides automated tools to protect revenue by minimizing chargebacks, prevent eCommerce...

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Fraudsters Bilk Bankers Out Of $32M
Fraudsters Bilk Bankers Out Of $32M
November 01, 2016  |  Security & Fraud

Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg, smooth-talking...

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Vesta: Ghosts In The (Payments) Machine
Vesta: Ghosts In The (Payments) Machine
November 01, 2016  |  eCommerce

Halloween isn’t over — not by a long shot — in the payments industry. And three big stats tell you why. 30 percent, 65 percent...

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Forter: The Sour Side Of Sweet-Talking Fraudsters
Forter: The Sour Side Of Sweet-Talking Fraudsters
November 01, 2016  |  Security & Fraud

Not all fraudsters rely on being technically savvy to get by — some have the charm and deception to pry sensitive information right out of...

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