Rainbows without pigments offer new defense against fraud

Scientists from the University of Sheffield have developed pigment-free, intensely coloured polymer materials, which could provide new, anti-counterfeit devices on passports or banknotes due to their difficulty to copy.

Hackers stole $45 million in bank card breach (Update)

A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said—and outmoded U.S. ...

SEC warns of rise in risky email stock schemes

US market regulators warned Wednesday of a rise in spam email and social media-based stock promotions that are actually "pump and dump" schemes aimed at cheating small investors.

Forensic accounting can predict future food fraud

Food fraud, where different or low-quality food is deliberately mislabelled and sold as high-quality goods, risks the health of consumers as well as the economic viability of producers and manufacturers. To combat this, researchers ...

How cryptocurrency scams work

Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology ...

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Fraud

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g., in science, to gain prestige rather than immediate monetary gain.

A hoax also involves deception, but without the intention of gain or of damaging or depriving the victim.

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