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.

FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B

FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B
FTC: Fraud Losses Surged 30% Last Year, Cost Consumers $8.8B
March 01, 2023  |  Security & Fraud

Fraud has a price tag — and it keeps going up. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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AI Fraud Detection Efforts Fall Short Without Proper Data and Formatting
AI Fraud Detection Efforts Fall Short Without Proper Data and Formatting
March 01, 2023  |  Artificial Intelligence

It’s become impossible to ignore the recent boom in artificial intelligence interest, and while AI is not new to the payments space, its utility is...

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Algorand Hack Drains $9.6M From Crypto Investor Wallets 
Algorand Hack Drains $9.6M From Crypto Investor Wallets 
February 28, 2023  |  Cryptocurrency

Proof-of-stake blockchain cryptocurrency protocol Algorand is urging users to withdraw their funds from MyAlgo wallets. Get the Full Story Complete the form to unlock this...

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Retail Crypto Investors Find Hope in Recent Regulatory Actions
Retail Crypto Investors Find Hope in Recent Regulatory Actions
February 28, 2023  |  Cryptocurrency

The cryptocurrency market is off to a better start in 2023 than many expected post-FTX. Get the Full Story Complete the form to unlock this...

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Unpacking the Ying and Yang of Modern Fraud Tools
Unpacking the Ying and Yang of Modern Fraud Tools
February 28, 2023  |  Security & Fraud

As attractive as new technology and digital tools appear, they also have a darker side. Get the Full Story Complete the form to unlock this...

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AI Becomes the Human-Machine Bridge That Makes Payments Safe and Smart
AI Becomes the Human-Machine Bridge That Makes Payments Safe and Smart
February 28, 2023  |  Artificial Intelligence

As the world buzzes about ChatGPT, the payments and financial sectors are already sizing up advanced new artificial intelligence (AI) tools relating to how they...

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Invoice Verification Slows Pace of Real-Time Business Payments Fraud
Invoice Verification Slows Pace of Real-Time Business Payments Fraud
February 28, 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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FinCEN Warns of Rise in Mail-Related Check Fraud
FinCEN Warns of Rise in Mail-Related Check Fraud
February 27, 2023  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) is warning banks of a nationwide surge in check fraud. Get the Full Story Complete the form to unlock...

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