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.

Sandbar Gets $4.8M to Fund Fight Against Financial Crime

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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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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Binance and Huobi Recover Some Funds From 2022 Harmony Hack
Binance and Huobi Recover Some Funds From 2022 Harmony Hack
January 16, 2023  |  Security & Fraud

Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year’s hack of Harmony. Get the Full Story Complete the form...

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Growing Scrutiny, Layoffs Mark Next Leg of Post-FTX Crypto Contagion
Growing Scrutiny, Layoffs Mark Next Leg of Post-FTX Crypto Contagion
January 13, 2023  |  Cryptocurrency

It’s been a choppy start to the new year for the crypto industry. Get the Full Story Complete the form to unlock this article and...

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