We’d just filed our Most Scandalous Frauds story of 2022 when news of the implosion of multibillion-dollar crypto exchange FTX broke. It might’ve been a little too late for us to add what would become the biggest fraud scandal since Theranos to the 202
While online fraud is considered cybercrime, its main difference from other online crimes is that it tricks victims into performing harmful actions voluntarily. In the United States, the number of cybercrime incidents, including online fraud, has increased significantly in the past few years, from ...
Also ranks #2 on The Best Recent Docuseries On Netflix Also ranks #28 on The 400+ Best Documentary Miniseries, Ranked Also ranks #79 on The Best Docuseries of the Last Few Years 9 The Confession Tapes David Burns, Loretta Fisher, Brian Hutchinson 653 votes Is T...
The most notable — and expensive — financial fraud cases of all timeMatthew Michaels
press banks to take responsibility for the money customers have lost to fraudsters through authorized Zelle payments and claim financial institutions haven’t done enough to warn customers about these scams. (See “TD Bank, Capital One and more, Zelle fraud class action lawsuit investigation,” Top...
Chinese police closed 168,000 cases of financial crime and recovered 35.6 billion yuan (5.2 billion U.S. dollars) last year, the Ministry of Public Security announced on Monday. Qihoo 360 cracks ransomware virus The unprecedented spread of ransomware that has swept across more than 100 countries...
Even though digital-only banks are cheaper, it might not be wise to hop on board immediately. These are bound to be victims of financial fraud, so you better wait and watch! However, there will be a time when digital-only banks will be among the top fintech trends for the future of ...
Financial mistakes can be very costly, and the issue is more common than you might think. According to the Consumer Federation of America, 2 out of 3 Americans will admit to making really bad financial decisions. The figures for these financial mistakes are $5k in the majority of cases, eve...
It is shocking that the most common banking fraud that ANZ has come across involves family members obtaining financial advantage from their loved ones by using their bank cards for transactions. This was revealed by ANZ Fiji Country Head, Rabih Yazbek during a round table discussion on the ...
Consumer fraud occurs when a person suffers from a financial loss involving the use of deceptive, unfair, or false business practices. With identity theft, thieves steal your personal information, assume your identity, open credit cards and bank accounts, and charge purchases. ...