Fraud

Ajit Pai finally gets around to fighting fraud in FCC comment system
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Enlarge (credit: Getty Images | Palto) The Federal Communications Commission is planning to overhaul its public comments system to deter fraud and abuse, FCC Chairman Ajit Pai said in a letter to lawmakers last week. The FCC may institute a CAPTCHA system as part of a redesign that will “institute appropriate safeguards against abusive conduct,” […]

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Two founders of cryptocurrency offering arrested, charged with fraud
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Enlarge / The US Securities and Exchange Commission seal hangs on the facade of its building September 18, 2008 in Washington, DC. (credit: Chip Somodevilla/Getty Images) The creators of an initial coin offering (ICO) once endorsed by Floyd Mayweather and DJ Khaled have been arrested and indicted on separate federal securities fraud charges brought by […]

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Facebook accused of massive fraud in new lawsuit filed by Cook County
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Enlarge / Signs for Cambridge Analytica in the lobby of the building in which the firm is based on March 21, 2018 in London. (credit: Chris J Ratcliffe/Getty Images) Cook County, Illinois, has joined the parade of lawsuits filed against Facebook in the wake of the ongoing Cambridge Analytica scandal—the county is believed to be the […]

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Visa Claims Chip Cards Reduced Fraud By 70%
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An anonymous reader quotes Ars Technica: Although only 59 percent of US storefronts have terminals that accept chip cards, fraud has dropped 70 percent from September 2015 to December 2017 for those retailers that have completed the chip upgrade, according to Visa. There are a few ways to interpret those numbers. First, it seems like […]

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OnePlus got pwned, exposed up to 40,000 users to credit card fraud
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Enlarge / If you bought directly from OnePlus in the last two months or so, double-check your credit card statements. Earlier this week, numerous reports of credit card fraud started pouring in from OnePlus users. On the company’s forums, customers said that credit cards used to purchase a OnePlus smartphone recently were also seeing bogus […]

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Online Critics Decry Even More Wells Fargo Fraud Scandals
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On Saturday author/blogger Cory Doctorow launched a new barrage of criticism towards Wells Fargo: It’s been a whole day since we learned about another example of systematic, widespread fraud by America’s largest bank Wells Fargo (ripping off small merchants with credit card fees), so it’s definitely time to learn about another one: scamming mortgage borrowers […]

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Former Epix exec pleads guilty over $7 million fraud
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In 2009, Viacom, Lionsgate and MGM joined forces to launch a premium movie channel called Epix, with Emil Rensing as its Chief Digital Officer. Turns out hiring Rensing was a bad move: according to the Justice Department, he has just pleaded guilty t…

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Freedom 251's Mohit Goel Jailed On The Charges Of Fraud
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Ringing Bell’s Freedom 251 ring any bells? Touted as the world’s cheapest smartphone, the Freedom 251 made headlines across the globe. Ringing Bell’s Managing Director, Mohit Goel, and his wife and company CEO, Dharna Garg promised a Rs 251 smartphone in a grand event attended by BJP’s senior member Murali Manohar Joshi. What’s more, the […]

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Democracy nerds use tech to ease voter fraud concerns     – CNET
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Election protection uses data analysis and cybersecurity smarts to keep dead people from voting and hackers from taking over the rolls.

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