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.

Credit Unions, Retail Groups Finger-Pointing On Payment Security
Credit Unions, Retail Groups Finger-Pointing On Payment Security
October 31, 2014  |  News

A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the...

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How One Thief Used 12 Credit Cards To Make One Purchase
How One Thief Used 12 Credit Cards To Make One Purchase
October 31, 2014  |  News

In the fight against payment card fraud, law enforcement has always argued that retail must work together with police. But one top police official this...

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Feds Figure Out Who Did Not Attack Chase
Feds Figure Out Who Did Not Attack Chase
October 21, 2014  |  News

At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of playing any role...

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Why POTUS’ Credit Card Got Declined
Why POTUS’ Credit Card Got Declined
October 20, 2014  |  News

Seems that payment card fraud issues even impact the President of the United States as President Barack Obama just discovered. “I went to a restaurant...

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Supervalu Reports Second Data Breach
Supervalu Reports Second Data Breach
October 01, 2014  |  News

Supervalu has discovered a second data breach—a “separate intrusion” potentially launched by a different sets of cyberthieves—that hit many of its grocery stores. The chain...

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Amazon Unit Lets Expensive Downloads Happen Before Verifying Payment
Amazon Unit Lets Expensive Downloads Happen Before Verifying Payment
September 16, 2014  |  News

The Amazon Audible unit lets shoppers sign up using fake payment card data, fake E-mail addresses and fake names and then permits them to download...

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It is time to (Re)-invent Digital Identity
It is time to (Re)-invent Digital Identity
September 12, 2014  |  Controversial

Nowadays, barely a week goes by where news does not emerge of another major cyber attack, putting at risk consumer information. For more than a...

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Lessons Learned From JPMorgan Chase Breach
Lessons Learned From JPMorgan Chase Breach
September 03, 2014  |  News

One of the most troubling lessons from the JPMorgan Chase data breach is that organized cybercrime gangs today are quite good at avoiding the patterns...

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The Latest Retail Breach Victim – Home Depot
The Latest Retail Breach Victim – Home Depot
September 03, 2014  |  Breach Round Up

It appears that Home Depot may be the large retail victim of a cyberthief gang and its breach—which apparently began as long ago as late...

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