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.

Report: South Africa’s Biggest Banks at Risk for Money Laundering

Report: South Africa’s Biggest Banks at Risk for Money Laundering
Report: South Africa’s Biggest Banks at Risk for Money Laundering
July 26, 2022  |  Banking

The South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity....

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EMEA Daily: CPG Brands Lose Sales as EU Consumers Turn to Store Brands; Banks Share Info to Fight Fraud
EMEA Daily: CPG Brands Lose Sales as EU Consumers Turn to Store Brands; Banks Share...
July 25, 2022  |  emea

In today’s top news from Europe, the Middle East and Africa (EMEA), financial institutions (FIs) in several countries have begun to launch information-sharing platforms in...

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Banks Pilot Information-Sharing Projects to Reduce Fraud
Banks Pilot Information-Sharing Projects to Reduce Fraud
July 25, 2022  |  Cybersecurity

Financial institutions (FIs) in several countries have begun to launch information-sharing platforms in an effort to better spot fraud and money laundering. Get the Full...

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Crypto Firms Tell Hackers to Keep Some of What They Steal
Crypto Firms Tell Hackers to Keep Some of What They Steal
July 25, 2022  |  Cryptocurrency

Cryptocurrency platforms that have been the victim of thefts are telling their attackers to keep some of the stolen digital assets and give back the...

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The Data Point: Declines Dog 24% of Consumers With High Payments Diversification
The Data Point: Declines Dog 24% of Consumers With High Payments Diversification
July 25, 2022  |  Payment Methods

Not content to hit 8.6% in May, the Consumer Price Index (CPI) shifted to up to 9.1% in June, making consumers conflicted enough about inflation...

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The Data Point: 54% of B2B Retailers Turning Away Legit Customers Due to Fraud Fears
The Data Point: 54% of B2B Retailers Turning Away Legit Customers Due to Fraud Fears
July 22, 2022  |  Fraud Prevention

What you don’t know can cost you coming and going. Businesses failing to authenticate identity in B2B transactions are prime fraud targets on the one...

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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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