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.

Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’

Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
September 22, 2022  |  AML

A few words sum up the state of fraud and the challenges facing financial institutions (FIs): rising at a fast clip. Get the Full Story...

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As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
September 22, 2022  |  Faster Payments

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Get the...

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Report: Crypto Trader Wintermute Loses $160M to Hackers
Report: Crypto Trader Wintermute Loses $160M to Hackers
September 20, 2022  |  Cryptocurrency

London-based cryptocurrency trader Wintermute has reportedly lost about $160 million in digital assets to a theft by hackers. Get the Full Story Complete the form...

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Uber Points to Lapsus$ Gang as Reason for Breach
Uber Points to Lapsus$ Gang as Reason for Breach
September 20, 2022  |  Cybersecurity

The extortion gang Lapsus$ is being blamed by Uber as being responsible for the breach that infiltrated its internal network last week, including its technology...

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Fear, Skepticism Drive Weird Relationship With New Tech
Fear, Skepticism Drive Weird Relationship With New Tech
September 16, 2022  |  Payments Innovation

While panning PYMNTS’ weekly stream of research and surveys, an unexpected thread of mistrust, misperception and misuse emerged, involving both consumers and businesses, that wove...

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Cyberattacks on Healthcare Payment Processors Escalating
Cyberattacks on Healthcare Payment Processors Escalating
September 15, 2022  |  Cybersecurity

Cyberattacks on healthcare payment processors are escalating, with multiple reports of victims’ payments being redirected by thieves using employees’ publicly-available Personally Identifiable Information (PII) and...

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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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