Insider Fraud definition

Insider Fraud means any activity of any employee or agent of Servicer, or any employee or agent of any of its Affiliates or subservicers, that the Servicer uses to perform any of its obligations under this Agreement, in each case that the Servicer concludes is fraudulent or illegal and relates to the provision of servicing activities performed pursuant to this Agreement.
Insider Fraud means, as applicable, any fraudulent activity of any employee or agent of Company or Bank, or any Affiliate, or Subcontractor of Company or Bank that is (i) identified and traceable back to such employee having access to any Cardholder Data or Customer Data (including a Party’s systems that have Cardholder Data or Customer Data) or any Transaction involving a Credit Card, (ii) fraud that is enabled through the provision of servicing activities by such employee by or on behalf of Bank or Company (such as processing Credit Card Applications or Transaction) on any Account and (iii) fraudulent activity involving Cardholder Data or Customer Data or any other data that was undertaken in the course of performing servicing by or on behalf of Bank or Company, in each case that originated within Company or Bank or any Affiliate or Subcontractor of Company or Bank, even if a specific employee cannot be identified.

Examples of Insider Fraud in a sentence

  • Insider Fraud Motives by GenderIn these 40 cases reviewed for a determination of motive(s) by the 45 insiders committing fraud or embezzlement activities, Figure 3 provides an indication of the breakdown of motives.

  • Insider Fraud Is Common and Often Flies Under Corporate Radar,” Security: Solutions for Enterprise Security Leaders 48, no.

  • A Review on Data Mining Techniques to Detect Insider Fraud in Banks, International Journal of Advanced Research in Computer Science and Software Engineering, 4(12), December, 370-380.

  • However, it is becoming increasingly apparent that the greater threat to an organisation’s security may well lie within, as evidenced in many recent surveys (for example the 2012 Cybercrime survey [1] and the Risk of Insider Fraud study [2]).

  • Servicer shall reasonably cooperate with Bank’s efforts to timely complete its investigation and to timely submit filings required by, and otherwise comply with its obligations under, Applicable Laws in respect of such Insider Fraud.

  • COUNT V – FRAUDULENT TRANSFERS Insider Fraud - 11 U.S.C. §§ 544(b), 550(a), 551 and 1107 & Minn.

  • Servicer shall provide written notice to Bank of any incidents that Servicer determines constitute Insider Fraud within five (5) Business Days after Servicer has detected such occurrence.

  • Insider Fraud Statutes The National Banking Act of 1864 is best known as a vehicle to finance the Civil War and restore confidence in paper money by authorizing uniform bank notes backed by the federal government.

  • Asset misappropriation (Insider Fraud) entails the theft and misuse of the Department’s assets by an employee or third party.

  • The Parties acknowledge their mutual understanding that Insider Fraud should be reported under this Section 4.11 even if the identity of one or more suspects cannot readily ascertained at the time a notification is required to be delivered under this Section 4.11.

Related to Insider Fraud

  • Computer Fraud means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which:

  • Fraud means any offence under laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Selling Holder Indemnified Persons has the meaning specified therefor in Section 2.09(a) of this Agreement.

  • Non-Public Personal Information about a Shareholder shall mean (i) personally identifiable financial information; (ii) any list, description, or other grouping of consumers that is derived from using any personally identifiable information that is not publicly available; and (iii) any other information that the Transfer Agent is prohibited from using or disclosing pursuant to Regulation S-P under Section 504 of the Gramm Xxxxx Xxxxxx Act.

  • Released Persons means each and all of the Defendants and their Related Parties.

  • Intimidating, threatening, abusive, or harming conduct means, but is not limited to, conduct that does the following:

  • Nonpublic Personal Information means nonpublic personal financial information and nonpublic personal health information.

  • Holder Indemnified Persons means, with respect to each Holder, such Holder and its affiliates and directors, officers, partners, trustees, employees, agents, representatives and control persons entitled to indemnification by the Fund under Section 7.

  • Larceny or Embezzlement means larceny or embezzlement as defined in Section 37 of the Investment Company Act of 1940.

  • Reckless Conduct means conduct where the supplier of the recreational services is aware, or should reasonably have been aware, of a significant risk that the conduct could result in personal injury to another person and engages in the conduct despite the risk and without adequate justification;

  • Dealer Managers shall have the meaning set forth in the preamble.

  • Investor Parties has the meaning set forth in the Preamble.

  • Company Indemnified Persons has the meaning set forth in Section 5(a).

  • Felonious Assault means a violent or criminal act reported to the local authorities which was directed at you during the course of, or an attempt of, a physical assault resulting in serious injury, kidnapping, or rape.

  • TERMINATION OF THE INITIAL PUBLIC OFFERING means the earlier of (i) the date on which the Initial Public Offering expires or is terminated by the Company or (ii) the date on which all shares of stock offered in the Initial Public Offering are sold, excluding warrants, if any, offered thereunder and shares that may be acquired upon exercise of such warrants and shares offered thereunder that may be acquired pursuant to the Reinvestment Plan.

  • Judicial Branch Entities means any California superior or appellate court, the Judicial Council of California, and the Habeas Corpus Resource Center.

  • Serious assault means an act that constitutes a felony violation of chapter XI of the Michigan penal code, 1931 PA 328, MCL 750.81 to 750.90h, or that constitutes an assault and infliction of serious or aggravated injury under section 81a of the Michigan penal code, 1931 PA 328, MCL 750.81a.

  • Serious bodily injury means bodily injury which involves a substantial risk of death, extreme physical pain, protracted obvious disfigurement or protracted loss or impairment of the function of a bodily member, organ or mental faculty.

  • Participating Broker-Dealers shall have the meaning set forth in Section 4(a) hereof.

  • Defendants’ Releasees means Defendants and their current and former parents, affiliates, subsidiaries, officers, directors, agents, successors, predecessors, assigns, assignees, partnerships, partners, trustees, trusts, employees, Immediate Family Members, insurers, reinsurers, and attorneys.

  • Positive Behavioral Theory and Practice means a proactive approach to individual behavior and behavior interventions that:

  • Covered Persons has the meaning set forth in Section 20(a).

  • Indemnified Persons has the meaning assigned to such term in Section 7.12(c).

  • Released Defendant Persons means all persons and entities named as a Defendant in the Action or that could have been named as a Defendant in the Action, including, without limitation, the past and present officers and members of the Board of Directors of AMC, the members of the special committee of the Board of Directors of AMC that approved the Transaction, Silver Lake, and the members of the SLC, and any and all of the respective current and former employers, parent entities, controlling persons, owners, members, co-investors, lenders, principals, affiliates, or subsidiaries of any of the foregoing, and each and all of the respective past or present officers, directors, managers, partners, limited partners, stockholders, representatives, employees, attorneys, financial or investment advisors, consultants, accountants, investment bankers, commercial bankers, agents, heirs, executors, trustees, personal representatives, estates, administrators, predecessors, successors, assigns, insurers, and reinsurers of any of the foregoing.

  • Specified Persons means the Directors, connected persons, the insiders, the Designated Employees and the promoters and immediate relatives are collectively referred to as Specified Persons.

  • Released Person means any person who is released on bail or on his personal bond, as the case may be;