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.

Cybersecurity Breach at Samsung Exposes US Customer Personal Info
Cybersecurity Breach at Samsung Exposes US Customer Personal Info
September 05, 2022  |  Security & Fraud

Samsung was the victim of a cybersecurity breach in late July, which saw United States customers’ personal information exposed. Get the Full Story Complete the...

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Report: UK Already Suspects $1.3B ‘Bounce-Back’ Loans Fraudulent
Report: UK Already Suspects $1.3B ‘Bounce-Back’ Loans Fraudulent
September 02, 2022  |  Security & Fraud

The British government reportedly expects that 3.3 billion pounds (about $3.8 billion) of the “bounce-back” loans it made to small- to medium-sized businesses (SMBs) in...

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African FinTech EFT Corporation Fights Fraud With ACI Worldwide Partnership
African FinTech EFT Corporation Fights Fraud With ACI Worldwide Partnership
August 31, 2022  |  Fraud Prevention

End-to-end payment solutions provider EFT Corporation is instituting new fraud protection measures across Africa through a partnership with real-time payments firm ACI Worldwide. Get the Full Story...

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US Rep to Regulators, Crypto Firm: How Do You Deal With Fraud?
US Rep to Regulators, Crypto Firm: How Do You Deal With Fraud?
August 30, 2022  |  Cryptocurrency

The head of the House Subcommittee on Economic and Consumer Policy has written to numerous federal agencies and cryptocurrency exchanges seeking answers on the steps...

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Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’
Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’
August 29, 2022  |  Legal

Walmart on Monday (Aug. 29) asked a federal court to dismiss a Federal Trade Commission lawsuit against the retailer, calling the case “an egregious instance...

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FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
August 26, 2022  |  Security & Fraud

The federal government’s plan to forgive some student loans isn’t up and running yet, but it’s certainly been getting a lot of coverage in the...

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Cash App, Block Accused of Negligence in Class Action Over Breach
Cash App, Block Accused of Negligence in Class Action Over Breach
August 25, 2022  |  Legal

A class action was filed against mobile payments company Cash App Investing and its parent Block over “negligent” behavior related to the December 2021 data breach...

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Fraud Orchestration Offers Merchants Extra Lines of Defense During Peak Sales Seasons
Fraud Orchestration Offers Merchants Extra Lines of Defense During Peak Sales Seasons
August 25, 2022  |  Security & Fraud

Amanda Mickleburgh, product director for fraud at ACI Worldwide, tells PYMNTS that fraud orchestration can be a key line of defense as merchants (and fraudsters)...

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How Crypto Shields Merchants Against Chargeback Fraud
How Crypto Shields Merchants Against Chargeback Fraud
August 23, 2022  |  Cryptocurrency

One way to get a merchant’s ears to perk up when the idea of accepting crypto payments comes up is to mention one big benefit:...

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