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.

UK’s Revolut Facing Wave of Complaints Over APP Fraud Claims
UK’s Revolut Facing Wave of Complaints Over APP Fraud Claims
December 02, 2024  |  Security & Fraud

Revolut is reportedly facing a lawsuit tied into a wave of anti-fraud complaints. As Bloomberg News reported Monday (Dec. 2), the fraud claim was filed by Serbian firm...

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FTC to Expand Telemarketing Sales Rule to Combat Tech Support Scams
FTC to Expand Telemarketing Sales Rule to Combat Tech Support Scams
November 27, 2024  |  News

The Federal Trade Commission (FTC) is a step closer to expanding its Telemarketing Sales Rule (TSR) to enable it to combat tech support scams. After announcing...

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As Supply Chains Go Digital, Cybersecurity Must be Strongest Link
As Supply Chains Go Digital, Cybersecurity Must be Strongest Link
November 27, 2024  |  Cybersecurity

Cyber breaches, not coal in their stocking, is what businesses are worried about this holiday season. With the news Monday (Nov. 25) that supply chain...

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Securing the Gig Economy: Combatting API Vulnerabilities and AI-Driven Threats
Securing the Gig Economy: Combatting API Vulnerabilities and AI-Driven Threats
November 26, 2024  |  Gig Economy

The success of the gig economy hinges on its underlying digital ecosystem, particularly APIs, which power real-time services like Uber and Fiverr. But APIs are...

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The True Cost of Fraud Goes Well Beyond Dollars Lost
The True Cost of Fraud Goes Well Beyond Dollars Lost
November 25, 2024  |  Security & Fraud

The impact of fraud on a business can be swift and severe. Several payments companies have partnered with or acquired companies to help them deal...

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Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
November 22, 2024  |  Fraud Prevention

With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...

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Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management
Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management
November 22, 2024  |  Payments Innovation

As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and resilient fraud prevention...

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Report: Financial Scams Drive 122% Increase in Fraud Losses by US Banks
Report: Financial Scams Drive 122% Increase in Fraud Losses by US Banks
November 22, 2024  |  Fraud Prevention

Transactions have moved more digital, changing the fraud landscape. Financial institutions (FIs) have made real progress in holding off fraudsters attempting to exploit the digital...

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FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
November 21, 2024  |  News

The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade...

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