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.

Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
September 14, 2022  |  Biometrics

Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which...

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Chainalysis Aids US in Recovering $30M in Stolen Crypto
Chainalysis Aids US in Recovering $30M in Stolen Crypto
September 08, 2022  |  Cryptocurrency

The U.S. has seized more than $30 million in crypto that North Korean-linked hackers allegedly stole, a blog post from crypto intelligence firm Chainalysis said,...

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Scammers Use ‘Age-Old Hacking’ to Rob Crypto Users
Scammers Use ‘Age-Old Hacking’ to Rob Crypto Users
September 08, 2022  |  Cryptocurrency

Scammers have begun using fake cryptocurrency websites to steal funds from users, part of a wave of hacks involving the crypto industry. Get the Full...

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Standard Chartered Tests Duplicate Finance Detection Tool
Standard Chartered Tests Duplicate Finance Detection Tool
September 08, 2022  |  B2B Payments

Financial services company Standard Chartered has completed what it called an industry-first test of the trade financing validation service from MonetaGo over the SWIFT payments...

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PYMNTS Intelligence: Keeping Consumers Safe in Web 3.0
PYMNTS Intelligence: Keeping Consumers Safe in Web 3.0
September 07, 2022  |  Fraud Prevention

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Paper Checks Pose Major Risk to Corporate Coffers
Paper Checks Pose Major Risk to Corporate Coffers
September 06, 2022  |  B2B Payments

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BNY Mellon on Moving to the Metaverse Safely
BNY Mellon on Moving to the Metaverse Safely
September 06, 2022  |  Fraud Prevention

The metaverse and Web 3.0 hold great potential for merchants and consumers, but security measures need to be updated constantly. In the “Digital Fraud Tracker®,”...

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PYMNTS Intelligence: Managing the Costs and Challenges of Regulatory Compliance
PYMNTS Intelligence: Managing the Costs and Challenges of Regulatory Compliance
September 06, 2022  |  Consumer Payments

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B2B Payments Need to Be Faster, Low-Fee and Fraud-Free
B2B Payments Need to Be Faster, Low-Fee and Fraud-Free
September 06, 2022  |  B2B Payments

Although payments systems have been around for centuries, building a reliable, modern and scalable system is rife with challenges, Shruthi Murthy, head of engineering at...

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