fraud

Fraud cost organizations 2.1 percent of earnings in the past 12 months, which is equivalent to a week of revenues over the course of a year, according to the Kroll Annual Global Fraud Report, a recent survey that polled more than 1,200 senior executives worldwide.

What do you have to say about the 'useless' U.N. now, John Bolton?

Online fraud against UK merchants is at levels that have forced many to refuse orders from certain countries, with Nigeria, Ghana and the US heading the list, a new ecommerce report has found.

Phones are almost as smart as computers; malware is smarter than that.

Dale Frantz, the one-time CIO of Auto Warehousing Co., was a rising star at the company who earned $250,000 -- and the respect of his peers. He was also a thief.

When a company is worth $27.7 billion and generates annual revenue of $60 billion, how is a $100 million settlement any kind of meaningful punishment or deterrent?

Check fraud is an old-fashioned kind of crime, but a criminal ring with ties to Russia is using modern cybercrime techniques, including botnets, online databases of financial information and check imaging archives, to run a highly automated, multi-million-dollar counterfeit-check operation.

Two former computer administrators who worked for convicted financial fraudster Bernard Madoff's investment firm were indicted this week on charges of conspiracy and falsifying financial records.

Some trends depend on very evident developments. Do you see more cellphones out there? Then you should worry about mobile malware. Other likely trends are simply a matter of ingenuity among fraudsters. What new tricks and variants of old tricks will they develop? If you can think of new types of fraud and assess their likely success rates, you will be able to predict which ones will flourish.

Organizations love to collect data on people, often in the name of identity and access control. But more often than not, the information gathering fails to improve security. In fact, it often makes matters worse.

Alan Ralsky, a spam kingpin who was convicted of felony bank fraud in 1995, could face more than seven years in prison after pleading guilty in a stock fraud case involving spam messages that pumped up Chinese "penny" stocks.

A Hampton, New Hampshire, man has pleaded guilty to fraud charges for his role in a scheme to empty brokerage accounts by installing malicious Trojan horse software on victims' computers.