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.

Synctera Launches Compliance Program Ground Control
Synctera Launches Compliance Program Ground Control
August 03, 2022  |  Innovation

FinTech platform Synctera has launched Ground Control, a banking and compliance program designed to help creators of financial products ensure they are meeting banking and...

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Millions Drained in Solana Wallet Hack
Millions Drained in Solana Wallet Hack
August 03, 2022  |  Security & Fraud

Security firms are scrambling to assess total losses after hackers hit thousands of Solana wallets and drained millions in assets in an attack that started...

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Compliance Complexities Hamper Growth at Fledgling FinTechs
Compliance Complexities Hamper Growth at Fledgling FinTechs
August 03, 2022  |  Security & Fraud

Eric Greenstein, product manager of compliance and fraud at Modern Treasury, told PYMNTS that the rules of anti-money laundering (AML) and the Bank Secrecy Act...

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Hack of Crypto Payments Bridge Turns into $190M DeFi Free-for-All
Hack of Crypto Payments Bridge Turns into $190M DeFi Free-for-All
August 02, 2022  |  Security & Fraud

The $190 million hack of Nomad, a cross-chain bridge protocol used to make transactions between different blockchains is unusual in one regard. Get the Full...

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In Crypto, Market Manipulation Remains a Problem
In Crypto, Market Manipulation Remains a Problem
August 01, 2022  |  Cryptocurrency

If you’re concerned about paying for goods in crypto due to its price volatility, it’s worth noting that a fair bit of that price volatility...

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SEC Charges 11 at Forsage in Alleged $300M Crypto Pyramid and Ponzi Scheme
SEC Charges 11 at Forsage in Alleged $300M Crypto Pyramid and Ponzi Scheme
August 01, 2022  |  Security & Fraud

The Securities and Exchange Commission (SEC) has charged 11 people for their roles in allegedly creating and promoting fraudulent cryptocurrency pyramid and Ponzi scheme Forsage,...

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12% of Consumers Reported Payment Declines in June
12% of Consumers Reported Payment Declines in June
July 29, 2022  |  Digital Payments

About 1 in 10 consumers experienced fraud or had their payments declined in the last month, according to “Digital Economy Payments,” a PYMNTS report based...

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Ransomware Fraudsters Pivot as Payments Shrink 
Ransomware Fraudsters Pivot as Payments Shrink 
July 29, 2022  |  Security & Fraud

Cybercriminals engaged in ransomware-as-a-service (RaaS) have been forced to pivot in how they run their fraudulent operations, as fewer victims coughed up payments this year...

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Hackers Force a $4B Question: Can DeFi Ever Be Safe?
Hackers Force a $4B Question: Can DeFi Ever Be Safe?
July 28, 2022  |  Cryptocurrency

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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