fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Crypto Banks Hit Reset While Shedding Risky Innovation Ambitions
Crypto Banks Hit Reset While Shedding Risky Innovation Ambitions
January 25, 2023  |  Cryptocurrency

Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. Get the Full Story Complete the form to unlock this...

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Report: BlockFi Had Undisclosed $1.2B Tie to FTX
Report: BlockFi Had Undisclosed $1.2B Tie to FTX
January 25, 2023  |  Cryptocurrency

Bankrupt crypto firm BlockFi reportedly had over $1.2 billion in assets tied to FTX. Get the Full Story Complete the form to unlock this article...

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Sandbar Gets $4.8M to Fund Fight Against Financial Crime
Sandbar Gets $4.8M to Fund Fight Against Financial Crime
January 24, 2023  |  Investments

Sandbar says it has raised $4.8 million to enhance its financial crime detection software. Get the Full Story Complete the form to unlock this article...

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Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
January 20, 2023  |  Security & Fraud

As long as banks have been around, they’ve been tremendously attractive targets for “robbers.” Get the Full Story Complete the form to unlock this article...

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Ransomware Attack Affects 300 UK Yum! Brand Restaurants
Ransomware Attack Affects 300 UK Yum! Brand Restaurants
January 19, 2023  |  Security & Fraud

The fast food company Yum! Brands has announced a major cybersecurity breach in the U.K. Get the Full Story Complete the form to unlock this...

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Authentication Is Necessary to Stop Invoice Fraud
Authentication Is Necessary to Stop Invoice Fraud
January 19, 2023  |  B2B Payments

Only 38% of businesses are using document and identity authentication tools, leaving most organizations vulnerable to fraud attacks linked to incoming payments. In this month’s...

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Report: 2022 Saw 50% Spike in Money Laundering Fines
Report: 2022 Saw 50% Spike in Money Laundering Fines
January 19, 2023  |  Regulation

Penalties for failing to stop financial crimes jumped by more than 50% last year. Get the Full Story Complete the form to unlock this article...

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Bank Account Validation Boosts B2B Payments Security, Protects Against ‘Bad Insiders’
Bank Account Validation Boosts B2B Payments Security, Protects Against ‘Bad Insiders’
January 18, 2023  |  Security & Fraud

“It’s always a cat and mouse game between the fraudsters and the ones that are trying to stop them,” nsKnox Chief Operating Officer Nithai Barzam...

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Incoming Payments Fraud Costs Companies Millions Every Year
Incoming Payments Fraud Costs Companies Millions Every Year
January 18, 2023  |  B2B Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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