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.

FBI: Businesses Lose $43B to Email Fraud
FBI: Businesses Lose $43B to Email Fraud
July 13, 2022  |  Security & Fraud

Fraudsters have an extensive arsenal of methods when it comes to scamming businesses. Get the Full Story Complete the form to unlock this article and...

READ MORE >
5 Reasons Why ‘Friendly Fraud’ Is Far From Friendly
5 Reasons Why ‘Friendly Fraud’ Is Far From Friendly
July 12, 2022  |  Today In Data

The term “friendly fraud” sounds like an oxymoron, but in truth, there’s nothing friendly about it. It’s what happens when a consumer purposely makes a...

READ MORE >
P2P Payments Fraud Suggests Liability Gray Area
P2P Payments Fraud Suggests Liability Gray Area
July 12, 2022  |  Banking

Peer-to-peer (P2P) transactions between bank accounts are gaining in popularity, evidenced by the triple-digit percentage gains in Zelle and Venmo volumes, due in part to...

READ MORE >
Should Banks Be Liable for Unauthorized Push Payments Fraud?
Should Banks Be Liable for Unauthorized Push Payments Fraud?
July 12, 2022  |  Security & Fraud

“Caveat emptor,” goes the old saying — buyer beware. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
Today in Data: Battling Bank Fraud
Today in Data: Battling Bank Fraud
July 11, 2022  |  Today In Data

Today in data, while banking fraud is on the rise, security professionals worry fraudsters have better tech than they do. Get the Full Story Complete...

READ MORE >
An Answer to Friendly Fraud
An Answer to Friendly Fraud
July 11, 2022  |  Opinion

Friendly fraud can account for up to 75% of all transaction disputes, writes Sara Craven, senior VP and CEO of Verifi, in the PYMNTS eBook,...

READ MORE >
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
July 10, 2022  |  Security & Fraud

Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913...

READ MORE >
Today in B2B: Golf Genius, RepSpark Integrate eCommerce Platform
Today in B2B: Golf Genius, RepSpark Integrate eCommerce Platform
July 08, 2022  |  B2B Payments

Today in B2B payments, Zwilling offers supply chain financing through partnership with Traxpay, and PYMNTS offers five key questions to help you asses your risk...

READ MORE >
5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
July 08, 2022  |  B2B Payments

Organizations face numerous threats concerning B2B payments processing as bad actors look for ways to alter banking information and redirect B2B payments into the wrong...

READ MORE >