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.

Is Higher Fraud Risk an Unintended Consequence of Fed’s New Debit Routing Rule?
Is Higher Fraud Risk an Unintended Consequence of Fed’s New Debit Routing Rule?
November 18, 2022  |  Fraud Prevention

Last month, the Fed said it was officially ending debit network exclusivity across all channels. Beginning in 2023, all debit card issuers must enable merchants...

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SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
November 17, 2022  |  Cryptocurrency

By most accounts, Sam Bankman-Fried (SBF), the ex-CEO of what only weeks ago was the third largest crypto exchange in the world, has precipitated a...

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Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
November 17, 2022  |  Retail

Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement...

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Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
November 17, 2022  |  Biometrics

While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds...

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FTX Founder: Filing for Bankruptcy Was Bad Move
FTX Founder: Filing for Bankruptcy Was Bad Move
November 17, 2022  |  Cryptocurrency

The founder of fallen cryptocurrency giant FTX says his company’s decision last week to declare bankruptcy was a mistake. Get the Full Story Complete the...

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Spend Management Headaches Push SaaS Firms to Automated Systems
Spend Management Headaches Push SaaS Firms to Automated Systems
November 17, 2022  |  Accounts Payable

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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FTC Looks to Stop DK Automation Selling Alleged Fake Business Opportunities
FTC Looks to Stop DK Automation Selling Alleged Fake Business Opportunities
November 16, 2022  |  Security & Fraud

Saying they made false claims promising consumers a “passive income,” the Federal Trade Commission (FTC) has taken action against DK Automation and its owners Kevin...

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Australia Eyes Ban on Paying Ransoms to Hackers
Australia Eyes Ban on Paying Ransoms to Hackers
November 13, 2022  |  Security & Fraud

Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). Get the Full Story Complete...

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Report: Twitter Paused Blue Subscriptions to Halt Fraudulent Accounts
Report: Twitter Paused Blue Subscriptions to Halt Fraudulent Accounts
November 11, 2022  |  Subscriptions

After days of users taking advantage of the blue check of Twitter’s redesigned Blue subscription plan to impersonate people and companies, the social media platform...

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