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.

Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
July 22, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment...

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Half of Merchants Say Sunk Cost of Dealing With Chargebacks Is Their Worst Problem
Half of Merchants Say Sunk Cost of Dealing With Chargebacks Is Their Worst Problem
July 21, 2022  |  Fraud Prevention

Credit card chargebacks and the resulting revenue loss are major headaches for merchants, according to “Dispute-Prevention Solutions,” a PYMNTS and Verifi collaboration based on a...

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DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
July 21, 2022  |  Security & Fraud

Roughly a half-million dollars was seized on behalf of healthcare providers that reportedly paid ransom to North Korean hackers, the U.S Department of Justice said. ...

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Feds Charge 3 in First-Ever Crypto Insider Trading Case
Feds Charge 3 in First-Ever Crypto Insider Trading Case
July 21, 2022  |  Cryptocurrency

A former manager for Coinbase and two other men are facing decades in prison in what federal authorities have called the first-ever insider trading case...

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FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
July 20, 2022  |  Security & Fraud

For banks and for the FinTechs, the first moments of engagement are among the most critical. Get the Full Story Complete the form to unlock...

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Visa Changes Chargeback Dispute Program
Visa Changes Chargeback Dispute Program
July 20, 2022  |  VISA

Visa is changing how it deals with first-party fraud, or intentional cardholder misuse, the company announced in a blog post Tuesday. Get the Full Story...

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Competitors Become Collaborators in Fight Against Financial Crime
Competitors Become Collaborators in Fight Against Financial Crime
July 20, 2022  |  Security & Fraud

In financial services, the greater the surface area, the greater the chance the fraudsters will strike — and be successful. Get the Full Story Complete...

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Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Security & Fraud

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

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Amazon Files Lawsuit Against 10K Facebook Groups Over Fake Reviews
Amazon Files Lawsuit Against 10K Facebook Groups Over Fake Reviews
July 19, 2022  |  Amazon

Amazon filed a lawsuit against more than 10,000 Facebook group administrators for allegedly brokering fake reviews, including one called “Amazon Product Review,” which had more...

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